Taiwan Hon Chuan Enterprise Co (TPE:9939) Days Payable: 23.74 (As of Dec. 2025) — 10% Above Median


TPE:9939 Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
88 GF Score
Price NT$122.00
GF Value NT$147.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Taiwan Hon Chuan Enterprise Co Days Payable?

Taiwan Hon Chuan Enterprise Co TPE:9939 +3.39% 88 Days Payable is 23.74 as of Dec. 2025, which is 10% above its 10-year median of 21.62. GuruFocus rates TPE:9939 with a GF Score™ of 88/100 and a GF Value™ of NT$147.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 378 Packaging & Containers companies, Taiwan Hon Chuan Enterprise Co ranks worse than 90.48% on this metric.

Taiwan Hon Chuan Enterprise Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$1,233 Mil. Taiwan Hon Chuan Enterprise Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$4,738 Mil. Hence, Taiwan Hon Chuan Enterprise Co's Days Payable for the three months ended in Dec. 2025 was 23.74.

The historical rank and industry rank for Taiwan Hon Chuan Enterprise Co's Days Payable or its related term are showing as below:

TPE:9939' s Days Payable Range Over the Past 10 Years
Min: 15.04   Med: 21.62   Max: 22.08
Current: 20.91

During the past 13 years, Taiwan Hon Chuan Enterprise Co's highest Days Payable was 22.08. The lowest was 15.04. And the median was 21.62.

TPE:9939's Days Payable is ranked worse than
90.48% of 378 companies
in the Packaging & Containers industry
Industry Median: 57.265 vs TPE:9939: 20.91

Taiwan Hon Chuan Enterprise Co's Days Payable increased from Dec. 2024 (22.74) to Dec. 2025 (23.74). It may suggest that Taiwan Hon Chuan Enterprise Co delayed paying its suppliers.


Taiwan Hon Chuan Enterprise Co Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Hon Chuan Enterprise Co'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.

Taiwan Hon Chuan Enterprise Co Days Payable Chart

Taiwan Hon Chuan Enterprise Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.19 21.70 22.08 21.53 20.12

Taiwan Hon Chuan Enterprise Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.74 20.77 20.10 20.38 23.74

TPE:9939 vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Taiwan Hon Chuan Enterprise Co'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 Hon Chuan Enterprise Co Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Taiwan Hon Chuan Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Hon Chuan Enterprise Co's Days Payable falls into.


TPE:9939
88GF Score
Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Hon Chuan Enterprise Co Days Payable Calculation

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 Hon Chuan Enterprise Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1334.265 + 1140.642) / 2 ) / 22451.306*365
=1237.4535 / 22451.306*365
=20.12

Taiwan Hon Chuan Enterprise Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1324.937 + 1140.642) / 2 ) / 4738.18*365 / 4
=1232.7895 / 4738.18*365 / 4
=23.74

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 23.74 mean?
Taiwan Hon Chuan Enterprise Co (TPE:9939) has a Days Payable of 23.74 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 Hon Chuan Enterprise Co and its competitors. This is 10% above median its historical median of 21.62. Over the past decade, Taiwan Hon Chuan Enterprise Co's Days Payable has ranged from 15.04 to 22.08. According to the industry distribution chart, Taiwan Hon Chuan Enterprise Co ranks #342 out of 378 companies in the Packaging & Containers industry, placing it in the top 90.5%.
Is Taiwan Hon Chuan Enterprise Co's Days Payable too high?
Taiwan Hon Chuan Enterprise Co's current Days Payable of 23.74 is 10% above median its 10-year median of 21.62. Over the past 10 years, this metric has ranged from a low of 15.04 to a high of 22.08. The Packaging & Containers industry median Days Payable is 57.27. Taiwan Hon Chuan Enterprise Co's value of 23.74 is 58.5% below this industry median. Based on the distribution chart, Taiwan Hon Chuan Enterprise Co ranks #342 out of 378 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Taiwan Hon Chuan Enterprise Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hon Chuan Enterprise Co's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Taiwan Hon Chuan Enterprise Co ranks #342 out of 378 companies for Days Payable. This places Taiwan Hon Chuan Enterprise Co in the lower half of its industry. The industry median Days Payable is 57.27. Taiwan Hon Chuan Enterprise Co's value of 23.74 is 58.5% below this benchmark. Historically, Taiwan Hon Chuan Enterprise Co's own Days Payable has ranged from 15.04 to 22.08 over the past decade. While the company's 10-year median is 21.62 vs. the industry median of 57.27, Taiwan Hon Chuan Enterprise Co 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 378 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 Hon Chuan Enterprise Co's current Days Payable of 23.74 is 58.5% 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 Hon Chuan Enterprise Co and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Hon Chuan Enterprise Co's current Days Payable is 23.74, which is 10% above median its own 10-year median of 21.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hon Chuan Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co (TPE:9939) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$147.28, compared to a current price of NT$122.00 — trading 17.2% below its estimated fair value. The current Days Payable is 23.74, which is 10% above median its 10-year median of 21.62 and 58.5% below the Packaging & Containers industry median of 57.27. Taiwan Hon Chuan Enterprise Co's overall GF Score™ is 88/100 with 4 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 Hon Chuan Enterprise Co (TPE:9939), the current Days Payable is 23.74 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 Hon Chuan Enterprise Co (TPE:9939) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co stock appears to be undervalued. The current stock price of NT$122.00 is trading 17.2% below its estimated GF Value™ of NT$147.28. GuruFocus considers Taiwan Hon Chuan Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:9939:

  • Days Payable: 23.74 (10% above median its 10-year median of 21.62)
  • GF Value™: NT$147.28 vs. price of NT$122.00 (17.2% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 58.5% below the Packaging & Containers median (#342 of 378)

No single metric tells the full story. See the TPE:9939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Hon Chuan Enterprise Co Business Description

Address 2nd Road, No. 6, Industrial Park, Xitun District, Taichung, TWN
Taiwan Hon Chuan Enterprise Co Ltd manufactures and sells a variety of packaging products. Its primary product categories include plastic and aluminum caps used for beverages and can liners, polyethylene terephthalate bottles used to produce water bottles, and labels for consumer products. The Group also sells tobacco and liquor packaging, as well as cigarette filters and paper. In addition, Taiwan Hon Chuan sells packaging equipment used to produce caps, bottles, labels, and fill bottles. Its reportable segments are: Foreign Subsidiaries, which generate the maximum revenue, and Domestic. Geographically, the Group generates maximum revenue from its customers in Taiwan, followed by China, Southeast Asia, and other regions.
88GF Score

Get the complete analysis for TPE:9939

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$122.00
Price
NT$147.28
GF Value