China Merchants Commercial REIT (FRA:5C3) Days Payable: 145.51 (As of Dec. 2025) — 68% Above Median


FRA:5C3 China Merchants Commercial REIT FRA:5C3
70 GF Score
Price €0.10
GF Value €0.11
! 7 Warning Signs
View Full Analysis

What is China Merchants Commercial REIT Days Payable?

China Merchants Commercial REIT FRA:5C3 +0.98% 70 Days Payable is 145.51 as of Dec. 2025, which is 68% above its 10-year median of 86.61. GuruFocus rates FRA:5C3 with a GF Score™ of 70/100 and a GF Value™ of €0.11. The stock has 7 warning signs investors should review. Among 548 REITs companies, China Merchants Commercial REIT ranks better than 54.93% on this metric.

China Merchants Commercial REIT's average Accounts Payable for the six months ended in Dec. 2025 was €5.68 Mil. China Merchants Commercial REIT's Cost of Goods Sold for the six months ended in Dec. 2025 was €7.13 Mil. Hence, China Merchants Commercial REIT's Days Payable for the six months ended in Dec. 2025 was 145.51.

The historical rank and industry rank for China Merchants Commercial REIT's Days Payable or its related term are showing as below:

FRA:5C3' s Days Payable Range Over the Past 10 Years
Min: 18.22   Med: 86.61   Max: 133.6
Current: 133.6

During the past 10 years, China Merchants Commercial REIT's highest Days Payable was 133.60. The lowest was 18.22. And the median was 86.61.

FRA:5C3's Days Payable is ranked better than
54.93% of 548 companies
in the REITs industry
Industry Median: 119.45 vs FRA:5C3: 133.60

China Merchants Commercial REIT's Days Payable increased from Dec. 2024 (110.08) to Dec. 2025 (145.51). It may suggest that China Merchants Commercial REIT delayed paying its suppliers.


China Merchants Commercial REIT Days Payable Related Terms


China Merchants Commercial REIT Days Payable Historical Data

* Premium members only.

The historical data trend for China Merchants Commercial REIT'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.

China Merchants Commercial REIT Days Payable Chart

China Merchants Commercial REIT 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 58.64 84.46 114.37 116.84 130.44

China Merchants Commercial REIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 112.74 98.39 110.08 139.73 145.51

FRA:5C3 vs BXP, ARE, VNO: Days Payable Comparison

For the REIT - Office subindustry, China Merchants Commercial REIT'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.


China Merchants Commercial REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial REIT's Days Payable falls into.


FRA:5C3
70GF Score
China Merchants Commercial REIT FRA:5C3
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Merchants Commercial REIT 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.

China Merchants Commercial REIT'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
=( (5.92 + 4.953) / 2 ) / 15.212*365
=5.4365 / 15.212*365
=130.44

China Merchants Commercial REIT'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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (6.41 + 4.953) / 2 ) / 7.126*365 / 2
=5.6815 / 7.126*365 / 2
=145.51

* 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 145.51 mean?
China Merchants Commercial REIT (FRA:5C3) has a Days Payable of 145.51 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 China Merchants Commercial REIT and its competitors. This is 68% above median its historical median of 86.61. Over the past decade, China Merchants Commercial REIT's Days Payable has ranged from 18.22 to 133.60. According to the industry distribution chart, China Merchants Commercial REIT ranks #247 out of 548 companies in the REITs industry, placing it in the top 45.1%.
Is China Merchants Commercial REIT's Days Payable too high?
China Merchants Commercial REIT's current Days Payable of 145.51 is 68% above median its 10-year median of 86.61. Over the past 10 years, this metric has ranged from a low of 18.22 to a high of 133.60. The REITs industry median Days Payable is 119.45. China Merchants Commercial REIT's value of 145.51 is 21.8% above this industry median. Based on the distribution chart, China Merchants Commercial REIT ranks #247 out of 548 companies in the REITs industry, which is above the industry midpoint. Overall, China Merchants Commercial REIT has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does China Merchants Commercial REIT's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, China Merchants Commercial REIT ranks #247 out of 548 companies for Days Payable. This puts China Merchants Commercial REIT in the upper half of its industry. The industry median Days Payable is 119.45. China Merchants Commercial REIT's value of 145.51 is 21.8% above this benchmark. Historically, China Merchants Commercial REIT's own Days Payable has ranged from 18.22 to 133.60 over the past decade. While the company's 10-year median is 86.61 vs. the industry median of 119.45, China Merchants Commercial REIT has consistently been above 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 REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 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. China Merchants Commercial REIT's current Days Payable of 145.51 is 21.8% above 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 China Merchants Commercial REIT and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Commercial REIT's current Days Payable is 145.51, which is 68% above median its own 10-year median of 86.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Commercial REIT stock overvalued right now?
China Merchants Commercial REIT (FRA:5C3) has a current Days Payable of 145.51. The stock's GF Value™ is €0.11, compared to a current price of €0.10 — trading 6.4% below its estimated fair value. The current Days Payable is 145.51, which is 68% above median its 10-year median of 86.61 and 21.8% above the REITs industry median of 119.45. China Merchants Commercial REIT's overall GF Score™ is 70/100 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 China Merchants Commercial REIT (FRA:5C3), the current Days Payable is 145.51 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 China Merchants Commercial REIT (FRA:5C3) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Commercial REIT stock appears to be undervalued. The current stock price of €0.10 is trading 6.4% below its estimated GF Value™ of €0.11.

Key valuation signals for FRA:5C3:

  • Days Payable: 145.51 (68% above median its 10-year median of 86.61)
  • GF Value™: €0.11 vs. price of €0.10 (6.4% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 21.8% above the REITs median (#247 of 548)

No single metric tells the full story. See the FRA:5C3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Merchants Commercial REIT Business Description

Industry Real EstateREITs
Other Exchanges 01503:Hong Kong
Address Connaught Road Central, Room 2603-2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG, 168-200
China Merchants Commercial REIT and its subsidiaries are engaged in the property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre ,Onward Science And Trade Center and Technology Building 2 among others.
70GF Score

Get the complete analysis for FRA:5C3

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

€0.10
Price
€0.11
GF Value