Hong Kong Gold Industry Group (FRA:Z4R) Days Payable: 135.45 (As of Dec. 2025) — 335% Above Median

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FRA:Z4R Hong Kong Gold Industry Group Ltd FRA:Z4R
35 GF Score
Price €0.43
GF Value €0.01
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hong Kong Gold Industry Group Days Payable?

Hong Kong Gold Industry Group FRA:Z4R +1.78% 35 Days Payable is 135.45 as of Dec. 2025, which is 335% above its 10-year median of 31.15. GuruFocus rates FRA:Z4R with a GF Score™ of 35/100 and a GF Value™ of €0.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,065 Metals & Mining companies, Hong Kong Gold Industry Group ranks better than 57.56% on this metric.

Hong Kong Gold Industry Group's average Accounts Payable for the six months ended in Dec. 2025 was €5.69 Mil. Hong Kong Gold Industry Group's Cost of Goods Sold for the six months ended in Dec. 2025 was €7.66 Mil. Hence, Hong Kong Gold Industry Group's Days Payable for the six months ended in Dec. 2025 was 135.45.

The historical rank and industry rank for Hong Kong Gold Industry Group's Days Payable or its related term are showing as below:

FRA:Z4R' s Days Payable Range Over the Past 10 Years
Min: 5.25   Med: 31.15   Max: 476.65
Current: 191.51

During the past 13 years, Hong Kong Gold Industry Group's highest Days Payable was 476.65. The lowest was 5.25. And the median was 31.15.

FRA:Z4R's Days Payable is ranked better than
57.56% of 1065 companies
in the Metals & Mining industry
Industry Median: 123.31 vs FRA:Z4R: 191.51

Hong Kong Gold Industry Group's Days Payable increased from Dec. 2024 (32.82) to Dec. 2025 (135.45). It may suggest that Hong Kong Gold Industry Group delayed paying its suppliers.


Hong Kong Gold Industry Group Days Payable Historical Data

* Premium members only.

The historical data trend for Hong Kong Gold Industry Group'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.

Hong Kong Gold Industry Group Days Payable Chart

Hong Kong Gold Industry Group 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 5.11 6.63 13.85 47.12 262.83

Hong Kong Gold Industry Group Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 26.62 45.46 32.82 341.96 135.45

Hong Kong Gold Industry Group Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Hong Kong Gold Industry Group'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.


Hong Kong Gold Industry Group Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hong Kong Gold Industry Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Kong Gold Industry Group's Days Payable falls into.


FRA:Z4R
35GF Score
Hong Kong Gold Industry Group Ltd FRA:Z4R
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong Gold Industry Group 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.

Hong Kong Gold Industry Group'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
=( (2.741 + 9.915) / 2 ) / 8.788*365
=6.328 / 8.788*365
=262.83

Hong Kong Gold Industry Group'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
=( (1.46 + 9.915) / 2 ) / 7.663*365 / 2
=5.6875 / 7.663*365 / 2
=135.45

* 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 135.45 mean?
Hong Kong Gold Industry Group (FRA:Z4R) has a Days Payable of 135.45 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 Hong Kong Gold Industry Group and its competitors. This is 335% above median its historical median of 31.15. Over the past decade, Hong Kong Gold Industry Group's Days Payable has ranged from 5.25 to 476.65. According to the industry distribution chart, Hong Kong Gold Industry Group ranks #452 out of 1065 companies in the Metals & Mining industry, placing it in the top 42.4%.
Is Hong Kong Gold Industry Group's Days Payable too high?
Hong Kong Gold Industry Group's current Days Payable of 135.45 is 335% above median its 10-year median of 31.15. Over the past 10 years, this metric has ranged from a low of 5.25 to a high of 476.65. The Metals & Mining industry median Days Payable is 123.31. Hong Kong Gold Industry Group's value of 135.45 is 9.8% above this industry median. Based on the distribution chart, Hong Kong Gold Industry Group ranks #452 out of 1065 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Hong Kong Gold Industry Group has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Gold Industry Group's Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, Hong Kong Gold Industry Group ranks #452 out of 1065 companies for Days Payable. This puts Hong Kong Gold Industry Group in the upper half of its industry. The industry median Days Payable is 123.31. Hong Kong Gold Industry Group's value of 135.45 is 9.8% above this benchmark. Historically, Hong Kong Gold Industry Group's own Days Payable has ranged from 5.25 to 476.65 over the past decade. While the company's 10-year median is 31.15 vs. the industry median of 123.31, Hong Kong Gold Industry Group 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 123.31, based on 1,065 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. Hong Kong Gold Industry Group's current Days Payable of 135.45 is 9.8% 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 Hong Kong Gold Industry Group and its competitors. For the Metals & Mining industry, the median Days Payable is 123.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Gold Industry Group's current Days Payable is 135.45, which is 335% above median its own 10-year median of 31.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Gold Industry Group stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group (FRA:Z4R) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.43 — trading 4185% above its estimated fair value. The current Days Payable is 135.45, which is 335% above median its 10-year median of 31.15 and 9.8% above the Metals & Mining industry median of 123.31. Hong Kong Gold Industry Group's overall GF Score™ is 35/100 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 Hong Kong Gold Industry Group (FRA:Z4R), the current Days Payable is 135.45 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 Hong Kong Gold Industry Group (FRA:Z4R) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Gold Industry Group stock appears to be overvalued. The current stock price of €0.43 is trading 4185% above its estimated GF Value™ of €0.01. GuruFocus considers Hong Kong Gold Industry Group to be Significantly Overvalued.

Key valuation signals for FRA:Z4R:

  • Days Payable: 135.45 (335% above median its 10-year median of 31.15)
  • GF Value™: €0.01 vs. price of €0.43 (4185% above fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 9.8% above the Metals & Mining median (#452 of 1065)

No single metric tells the full story. See the FRA:Z4R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong Gold Industry Group Business Description

Other Exchanges 02623:Hong Kong
Address Jiangjia Guanzhuang Village West, Zhuge Town, Yishui County, Shandong Province, CHN
Hong Kong Gold Industry Group Ltd, formerly known as Add New Energy Investment Holdings Group Ltd, is an investment holding company. The company and its subsidiaries are principally engaged in iron ore processing, and selling of iron concentrates and other minerals in the People's Republic of China. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Gaozhuang Shangyu Ilmenite and Luxing Titanium Mine. The businesses of the Group are classified into mining and ore processing, and trading of minerals, which are its two reportable segments. The majority of the company's revenue is derived from the Trading of minerals segment. Geographically, all the revenue of the Group is derived in the PRC.
35GF Score

Get the complete analysis for FRA:Z4R

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

€0.43
Price
€0.01
GF Value