Taiwan PaihoTPE:9938 -0.77%78 Days Payable is 19.22 as of Dec. 2025, which is 16% below its 10-year median of 22.84. GuruFocus rates TPE:9938 with a GF Score™ of 78/100 and a GF Value™ of NT$68.91 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks worse than 86.67% on this metric.
The historical rank and industry rank for Taiwan Paiho's Days Payable or its related term are showing as below:
TPE:9938'
s Days Payable Range Over the Past 10 Years
Min: 16.86 Med: 22.84 Max: 29.12
Current: 19.05
During the past 13 years, Taiwan Paiho's highest Days Payable was 29.12. The lowest was 16.86. And the median was 22.84.
TPE:9938's Days Payable is ranked worse than 86.67% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.99
vs TPE:9938: 19.05
Taiwan Paiho's Days Payable
declined
from Dec. 2024 (19.35) to Dec. 2025 (19.22).
It may suggest that Taiwan Paihoaccelerated paying its suppliers.
Taiwan Paiho Days Payable Related Terms
Taiwan Paiho Days Payable Historical Data
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The historical data trend for Taiwan Paiho's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Textile Manufacturing subindustry, Taiwan Paiho's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Taiwan Paiho Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Days Payable distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Taiwan Paiho's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Taiwan Paiho (TPE:9938) has a Days Payable of 19.22 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Taiwan Paiho and its competitors. This is 16% below median its historical median of 22.84. Over the past decade, Taiwan Paiho's Days Payable has ranged from 16.86 to 29.12. According to the industry distribution chart, Taiwan Paiho ranks #878 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 86.7%.
Is Taiwan Paiho's Days Payable too high?
Taiwan Paiho's current Days Payable of 19.22 is 16% below median its 10-year median of 22.84. Over the past 10 years, this metric has ranged from a low of 16.86 to a high of 29.12. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.99. Taiwan Paiho's value of 19.22 is 64.4% below this industry median. Based on the distribution chart, Taiwan Paiho ranks #878 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Taiwan Paiho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #878 out of 1013 companies for Days Payable. This places Taiwan Paiho in the lower half of its industry. The industry median Days Payable is 53.99. Taiwan Paiho's value of 19.22 is 64.4% below this benchmark. Historically, Taiwan Paiho's own Days Payable has ranged from 16.86 to 29.12 over the past decade. While the company's 10-year median is 22.84 vs. the industry median of 53.99, Taiwan Paiho has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.99, based on 1,013 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Paiho's current Days Payable of 19.22 is 64.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Days Payable is 19.22, which is 16% below median its own 10-year median of 22.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.91, compared to a current price of NT$45.05 — trading 34.6% below its estimated fair value. The current Days Payable is 19.22, which is 16% below median its 10-year median of 22.84 and 64.4% below the Manufacturing - Apparel & Accessories industry median of 53.99. Taiwan Paiho's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Taiwan Paiho (TPE:9938), the current Days Payable is 19.22 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Taiwan Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$45.05 is trading 34.6% below its estimated GF Value™ of NT$68.91.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
Days Payable: 19.22 (16% below median its 10-year median of 22.84)
GF Value™: NT$68.91 vs. price of NT$45.05 (34.6% below fair value)
Industry Position: 64.4% below the Manufacturing - Apparel & Accessories median (#878 of 1013)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
78GF Score
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