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China Tourism Group Duty Free's quarterly Accounts Payable
increased
from Dec. 2025 (¥3,985 Mil) to Mar. 2026 (¥5,943 Mil) but then
declined
from Mar. 2026 (¥5,943 Mil) to Jun. 2026 (¥5,816 Mil).
China Tourism Group Duty Free's annual Accounts Payable
declined
from Dec. 2023 (¥6,403 Mil) to Dec. 2024 (¥4,717 Mil) and
declined
from Dec. 2024 (¥4,717 Mil) to Dec. 2025 (¥3,985 Mil).
* 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.
China Tourism Group Duty Free Accounts Payable Chart
China Tourism Group Duty Free Accounts Payable Calculation
Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.
China Tourism Group Duty Free (SHSE:601888) has a Accounts Payable of ¥5,816 Mil as of Jun. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on China Tourism Group Duty Free and its competitors.
Is China Tourism Group Duty Free's Accounts Payable too high?
China Tourism Group Duty Free's current Accounts Payable is ¥5,816 Mil. Overall, China Tourism Group Duty Free has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Accounts Payable compare to CASY and WSM?
China Tourism Group Duty Free's Accounts Payable of ¥5,816 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Retail - Cyclical company?
A good Accounts Payable depends on the Retail - Cyclical industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on China Tourism Group Duty Free and its competitors. China Tourism Group Duty Free's current Accounts Payable is ¥5,816 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (SHSE:601888) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥63.94, compared to a current price of ¥53.51 — trading 16.3% below its estimated fair value. The current Accounts Payable is ¥5,816 Mil. China Tourism Group Duty Free's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For China Tourism Group Duty Free (SHSE:601888), the current Accounts Payable is ¥5,816 Mil as of Jun. 2026. 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 China Tourism Group Duty Free (SHSE:601888) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of ¥53.51 is trading 16.3% below its estimated GF Value™ of ¥63.94.
GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.
Key valuation signals for SHSE:601888:
Accounts Payable: ¥5,816 Mil
GF Value™: ¥63.94 vs. price of ¥53.51 (16.3% below fair value)
No single metric tells the full story. See the SHSE:601888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
84GF Score
Get the complete analysis for SHSE:601888
Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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