Great China Holdings (Hong Kong) (HKSE:00021) Days Payable: 138.12 (As of Dec. 2025) — 50% Below Median

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What is Great China Holdings (Hong Kong) Days Payable?

Great China Holdings (Hong Kong) HKSE:00021 -1.23% Days Payable is 138.12 as of Dec. 2025, which is 50% below its 10-year median of 275.13. The stock has 8 warning signs investors should review. Among 1,571 Real Estate companies, Great China Holdings (Hong Kong) ranks better than 68.24% on this metric.

Great China Holdings (Hong Kong)'s average Accounts Payable for the six months ended in Dec. 2025 was HK$22.39 Mil. Great China Holdings (Hong Kong)'s Cost of Goods Sold for the six months ended in Dec. 2025 was HK$29.58 Mil. Hence, Great China Holdings (Hong Kong)'s Days Payable for the six months ended in Dec. 2025 was 138.12.

The historical rank and industry rank for Great China Holdings (Hong Kong)'s Days Payable or its related term are showing as below:

HKSE:00021' s Days Payable Range Over the Past 10 Years
Min: 133.94   Med: 275.13   Max: 2695.78
Current: 177.19

During the past 13 years, Great China Holdings (Hong Kong)'s highest Days Payable was 2695.78. The lowest was 133.94. And the median was 275.13.

HKSE:00021's Days Payable is ranked better than
68.24% of 1571 companies
in the Real Estate industry
Industry Median: 94.03 vs HKSE:00021: 177.19

Great China Holdings (Hong Kong)'s Days Payable increased from Dec. 2024 (70.13) to Dec. 2025 (138.12). It may suggest that Great China Holdings (Hong Kong) delayed paying its suppliers.


Great China Holdings (Hong Kong) Days Payable Related Terms


Great China Holdings (Hong Kong) Days Payable Historical Data

* Premium members only.

The historical data trend for Great China Holdings (Hong Kong)'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.

Great China Holdings (Hong Kong) Days Payable Chart

Great China Holdings (Hong Kong) 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 2,695.78 2,147.47 1,141.45 139.63 181.22

Great China Holdings (Hong Kong) 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 3,295.29 4,081.08 70.13 234.31 138.12

HKSE:00021 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Great China Holdings (Hong Kong)'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.


Great China Holdings (Hong Kong) Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Great China Holdings (Hong Kong)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Great China Holdings (Hong Kong)'s Days Payable falls into.



Great China Holdings (Hong Kong) 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.

Great China Holdings (Hong Kong)'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
=( (25.311 + 22.476) / 2 ) / 48.124*365
=23.8935 / 48.124*365
=181.22

Great China Holdings (Hong Kong)'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
=( (22.3 + 22.476) / 2 ) / 29.582*365 / 2
=22.388 / 29.582*365 / 2
=138.12

* 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 138.12 mean?
Great China Holdings (Hong Kong) (HKSE:00021) has a Days Payable of 138.12 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 Great China Holdings (Hong Kong) and its competitors. This is 50% below median its historical median of 275.13. Over the past decade, Great China Holdings (Hong Kong)'s Days Payable has ranged from 133.94 to 2,695.78. According to the industry distribution chart, Great China Holdings (Hong Kong) ranks #499 out of 1571 companies in the Real Estate industry, placing it in the top 31.8%.
Is Great China Holdings (Hong Kong)'s Days Payable too high?
Great China Holdings (Hong Kong)'s current Days Payable of 138.12 is 50% below median its 10-year median of 275.13. Over the past 10 years, this metric has ranged from a low of 133.94 to a high of 2,695.78. The Real Estate industry median Days Payable is 94.03. Great China Holdings (Hong Kong)'s value of 138.12 is 46.9% above this industry median. Based on the distribution chart, Great China Holdings (Hong Kong) ranks #499 out of 1571 companies in the Real Estate industry, which is above the industry midpoint.
How does Great China Holdings (Hong Kong)'s Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Great China Holdings (Hong Kong) ranks #499 out of 1571 companies for Days Payable. This puts Great China Holdings (Hong Kong) in the upper half of its industry. The industry median Days Payable is 94.03. Great China Holdings (Hong Kong)'s value of 138.12 is 46.9% above this benchmark. Historically, Great China Holdings (Hong Kong)'s own Days Payable has ranged from 133.94 to 2,695.78 over the past decade. While the company's 10-year median is 275.13 vs. the industry median of 94.03, Great China Holdings (Hong Kong) 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.03, based on 1,571 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. Great China Holdings (Hong Kong)'s current Days Payable of 138.12 is 46.9% 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 Great China Holdings (Hong Kong) and its competitors. For the Real Estate industry, the median Days Payable is 94.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great China Holdings (Hong Kong)'s current Days Payable is 138.12, which is 50% below median its own 10-year median of 275.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great China Holdings (Hong Kong) stock overvalued right now?
Based on GuruFocus' analysis, Great China Holdings (Hong Kong) (HKSE:00021) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.08 — trading 63.6% below its estimated fair value. The current Days Payable is 138.12, which is 50% below median its 10-year median of 275.13 and 46.9% above the Real Estate industry median of 94.03. 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 Great China Holdings (Hong Kong) (HKSE:00021), the current Days Payable is 138.12 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.

Great China Holdings (Hong Kong) Business Description

Address 99 Queen’s Road Central, Room 6668, 66th Floor, The Center, Hong Kong, HKG
Great China Holdings (Hong Kong) Ltd formerly Great China Properties Holdings Ltd is engaged in real estate development and management. The company's projects include the Gold Coast Project, the Tanghai County Project, the Daya Bay Project, the Jin Bao Cheng Project, the Hong Hai Bay Project, and the Heqing Project. It has a single reportable segment based on the location of the operations, which is property development and investment located in the PRC. The firm generates its revenue from the sale and management of properties.