Zhaoke Ophthalmology (FRA:9FX) Days Payable: 12.18 (As of Dec. 2025) — 51% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:9FX Zhaoke Ophthalmology Ltd FRA:9FX
47 GF Score
Price €0.26
GF Value €0.27
! 5 Warning Signs
View Full Analysis

What is Zhaoke Ophthalmology Days Payable?

Zhaoke Ophthalmology FRA:9FX +0.78% 47 Days Payable is 12.18 as of Dec. 2025, which is 51% below its 10-year median of 24.61. GuruFocus rates FRA:9FX with a GF Score™ of 47/100 and a GF Value™ of €0.27. The stock has 5 warning signs investors should review. Among 709 Biotechnology companies, Zhaoke Ophthalmology ranks worse than 90.69% on this metric.

Zhaoke Ophthalmology's average Accounts Payable for the six months ended in Dec. 2025 was €0.07 Mil. Zhaoke Ophthalmology's Cost of Goods Sold for the six months ended in Dec. 2025 was €1.04 Mil. Hence, Zhaoke Ophthalmology's Days Payable for the six months ended in Dec. 2025 was 12.18.

The historical rank and industry rank for Zhaoke Ophthalmology's Days Payable or its related term are showing as below:

FRA:9FX' s Days Payable Range Over the Past 10 Years
Min: 16.62   Med: 24.61   Max: 94.49
Current: 17.44

During the past 7 years, Zhaoke Ophthalmology's highest Days Payable was 94.49. The lowest was 16.62. And the median was 24.61.

FRA:9FX's Days Payable is ranked worse than
90.69% of 709 companies
in the Biotechnology industry
Industry Median: 111.24 vs FRA:9FX: 17.44

Zhaoke Ophthalmology's Days Payable declined from Dec. 2024 (15.16) to Dec. 2025 (12.18). It may suggest that Zhaoke Ophthalmology accelerated paying its suppliers.


Zhaoke Ophthalmology Days Payable Historical Data

* Premium members only.

The historical data trend for Zhaoke Ophthalmology'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.

Zhaoke Ophthalmology Days Payable Chart

Zhaoke Ophthalmology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 0.00 0.00 94.72 24.05 18.15

Zhaoke Ophthalmology Semi-Annual Data
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 58.78 23.46 15.16 26.06 12.18

FRA:9FX vs VRTX, REGN, MRNA: Days Payable Comparison

For the Biotechnology subindustry, Zhaoke Ophthalmology'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.


Zhaoke Ophthalmology Days Payable vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zhaoke Ophthalmology's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhaoke Ophthalmology's Days Payable falls into.


FRA:9FX
47GF Score
Zhaoke Ophthalmology Ltd FRA:9FX
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhaoke Ophthalmology 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.

Zhaoke Ophthalmology'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
=( (0.153 + 0.039) / 2 ) / 1.931*365
=0.096 / 1.931*365
=18.15

Zhaoke Ophthalmology'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
=( (0.1 + 0.039) / 2 ) / 1.041*365 / 2
=0.0695 / 1.041*365 / 2
=12.18

* 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 12.18 mean?
Zhaoke Ophthalmology (FRA:9FX) has a Days Payable of 12.18 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 Zhaoke Ophthalmology and its competitors. This is 51% below median its historical median of 24.61. Over the past decade, Zhaoke Ophthalmology's Days Payable has ranged from 16.62 to 94.49. According to the industry distribution chart, Zhaoke Ophthalmology ranks #643 out of 709 companies in the Biotechnology industry, placing it in the top 90.7%.
Is Zhaoke Ophthalmology's Days Payable too high?
Zhaoke Ophthalmology's current Days Payable of 12.18 is 51% below median its 10-year median of 24.61. Over the past 10 years, this metric has ranged from a low of 16.62 to a high of 94.49. The Biotechnology industry median Days Payable is 111.24. Zhaoke Ophthalmology's value of 12.18 is 89.1% below this industry median. Based on the distribution chart, Zhaoke Ophthalmology ranks #643 out of 709 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Zhaoke Ophthalmology has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Zhaoke Ophthalmology's Days Payable compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Zhaoke Ophthalmology ranks #643 out of 709 companies for Days Payable. This places Zhaoke Ophthalmology in the lower half of its industry. The industry median Days Payable is 111.24. Zhaoke Ophthalmology's value of 12.18 is 89.1% below this benchmark. Historically, Zhaoke Ophthalmology's own Days Payable has ranged from 16.62 to 94.49 over the past decade. While the company's 10-year median is 24.61 vs. the industry median of 111.24, Zhaoke Ophthalmology 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 Biotechnology company?
The median Days Payable among Biotechnology companies is 111.24, based on 709 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. Zhaoke Ophthalmology's current Days Payable of 12.18 is 89.1% 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 Zhaoke Ophthalmology and its competitors. For the Biotechnology industry, the median Days Payable is 111.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhaoke Ophthalmology's current Days Payable is 12.18, which is 51% below median its own 10-year median of 24.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhaoke Ophthalmology stock overvalued right now?
Zhaoke Ophthalmology (FRA:9FX) has a current Days Payable of 12.18. The stock's GF Value™ is €0.27, compared to a current price of €0.26 — trading 4.4% below its estimated fair value. The current Days Payable is 12.18, which is 51% below median its 10-year median of 24.61 and 89.1% below the Biotechnology industry median of 111.24. Zhaoke Ophthalmology's overall GF Score™ is 47/100 with 5 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 Zhaoke Ophthalmology (FRA:9FX), the current Days Payable is 12.18 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 Zhaoke Ophthalmology (FRA:9FX) Overvalued in 2026?

Based on GuruFocus' analysis, Zhaoke Ophthalmology stock appears to be undervalued. The current stock price of €0.26 is trading 4.4% below its estimated GF Value™ of €0.27.

Key valuation signals for FRA:9FX:

  • Days Payable: 12.18 (51% below median its 10-year median of 24.61)
  • GF Value™: €0.27 vs. price of €0.26 (4.4% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 89.1% below the Biotechnology median (#643 of 709)

No single metric tells the full story. See the FRA:9FX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhaoke Ophthalmology Business Description

Other Exchanges 06622:Hong Kong
Address No. 1 Meide 3rd Road, Pearl River Industrial Park, Nansha District, Guangdong Province, Guangzhou, CHN
Zhaoke Ophthalmology Ltd is an ophthalmic pharmaceutical company dedicated to the research, development, manufacture and commercialization of therapies that address unmet medical needs. The company has three flagship drug assets progressing towards potential market approval: NVK002 for myopia, CsA Ophthalmic Gel for DED and TAB014 for wAMD; and two drug assets in the clinical stage BRIMOCHOL PF for presbyopia and ZKY001 for corneal epithelial defects. Geographically the company operates in Hong Kong, Chinese Mainland, South Korea, and Others, of which it generates maximum revenue from Chinese Mainland.
47GF Score

Get the complete analysis for FRA:9FX

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

€0.26
Price
€0.27
GF Value