Tongcheng Travel HoldingsFRA:TEM -1.49%86 Days Payable is 294.20 as of Mar. 2026, which is 29% below its 10-year median of 412.86. GuruFocus rates FRA:TEM with a GF Score™ of 86/100 and a GF Value™ of €2.82 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 780 Travel & Leisure companies, Tongcheng Travel Holdings ranks better than 88.59% on this metric.
* 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.
FRA:TEM vs BKNG, ABNB, RCL: Days Payable Comparison
For the Travel Services subindustry, Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings Days Payable vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Tongcheng Travel Holdings's Days Payable falls into.
Tongcheng Travel Holdings 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.
Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings (FRA:TEM) has a Days Payable of 294.20 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tongcheng Travel Holdings and its competitors. This is 29% below median its historical median of 412.86. Over the past decade, Tongcheng Travel Holdings' Days Payable has ranged from 246.72 to 561.39. According to the industry distribution chart, Tongcheng Travel Holdings ranks #89 out of 780 companies in the Travel & Leisure industry, placing it in the top 11.4%.
Is Tongcheng Travel Holdings' Days Payable too high?
Tongcheng Travel Holdings' current Days Payable of 294.20 is 29% below median its 10-year median of 412.86. Over the past 10 years, this metric has ranged from a low of 246.72 to a high of 561.39. The Travel & Leisure industry median Days Payable is 56.84. Tongcheng Travel Holdings' value of 294.20 is 417.6% above this industry median. Based on the distribution chart, Tongcheng Travel Holdings ranks #89 out of 780 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tongcheng Travel Holdings has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tongcheng Travel Holdings' Days Payable compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Tongcheng Travel Holdings ranks #89 out of 780 companies for Days Payable. This places Tongcheng Travel Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.84. Tongcheng Travel Holdings' value of 294.20 is 417.6% above this benchmark. Historically, Tongcheng Travel Holdings' own Days Payable has ranged from 246.72 to 561.39 over the past decade. While the company's 10-year median is 412.86 vs. the industry median of 56.84, Tongcheng Travel Holdings 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.84, based on 780 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. Tongcheng Travel Holdings's current Days Payable of 294.20 is 417.6% 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 Tongcheng Travel Holdings and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongcheng Travel Holdings's current Days Payable is 294.20, which is 29% below median its own 10-year median of 412.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongcheng Travel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tongcheng Travel Holdings (FRA:TEM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.82, compared to a current price of €1.32 — trading 53.2% below its estimated fair value. The current Days Payable is 294.20, which is 29% below median its 10-year median of 412.86 and 417.6% above the Travel & Leisure industry median of 56.84. Tongcheng Travel Holdings' overall GF Score™ is 86/100 with 3 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 Tongcheng Travel Holdings (FRA:TEM), the current Days Payable is 294.20 as of Mar. 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 Tongcheng Travel Holdings (FRA:TEM) Overvalued in 2026?
Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued.
The current stock price of €1.32 is trading 53.2% below its estimated GF Value™ of €2.82.
GuruFocus considers Tongcheng Travel Holdings to be Possible Value Trap.
Key valuation signals for FRA:TEM:
Days Payable: 294.20 (29% below median its 10-year median of 412.86)
GF Value™: €2.82 vs. price of €1.32 (53.2% below fair value)
Industry Position: 417.6% above the Travel & Leisure median (#89 of 780)
No single metric tells the full story. See the FRA:TEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
86GF Score
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