Tai Ping Carpets International (HKSE:00146) Days Payable: 52.37 (As of Dec. 2025) — Near 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.

HKSE:00146 Tai Ping Carpets International Ltd HKSE:00146
56 GF Score
Price HK$1.45
GF Value HK$1.25
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Tai Ping Carpets International Days Payable?

Tai Ping Carpets International HKSE:00146 56 Days Payable is 52.37 as of Dec. 2025, which is 7% below its 10-year median of 56.04. GuruFocus rates HKSE:00146 with a GF Score™ of 56/100 and a GF Value™ of HK$1.25 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,022 Manufacturing - Apparel & Accessories companies, Tai Ping Carpets International ranks worse than 57.14% on this metric.

Tai Ping Carpets International's average Accounts Payable for the six months ended in Dec. 2025 was HK$33.7 Mil. Tai Ping Carpets International's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$117.3 Mil. Hence, Tai Ping Carpets International's Days Payable for the six months ended in Dec. 2025 was 52.37.

The historical rank and industry rank for Tai Ping Carpets International's Days Payable or its related term are showing as below:

HKSE:00146' s Days Payable Range Over the Past 10 Years
Min: 36.82   Med: 56.04   Max: 287.27
Current: 45.79

During the past 13 years, Tai Ping Carpets International's highest Days Payable was 287.27. The lowest was 36.82. And the median was 56.04.

HKSE:00146's Days Payable is ranked worse than
57.14% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.04 vs HKSE:00146: 45.79

Tai Ping Carpets International's Days Payable increased from Dec. 2024 (49.39) to Dec. 2025 (52.37). It may suggest that Tai Ping Carpets International delayed paying its suppliers.


Tai Ping Carpets International Days Payable Historical Data

* Premium members only.

The historical data trend for Tai Ping Carpets International'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.

Tai Ping Carpets International Days Payable Chart

Tai Ping Carpets International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.19 36.82 45.88 46.64 47.82

Tai Ping Carpets International Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 48.19 47.08 49.39 41.30 52.37

Tai Ping Carpets International Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Tai Ping Carpets International'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.


Tai Ping Carpets International Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tai Ping Carpets International's Days Payable distribution charts can be found below:

* The bar in red indicates where Tai Ping Carpets International's Days Payable falls into.


HKSE:00146
56GF Score
Tai Ping Carpets International Ltd HKSE:00146
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tai Ping Carpets International 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.

Tai Ping Carpets International's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (33.503 + 33.879) / 2 ) / 257.16*365
=33.691 / 257.16*365
=47.82

Tai Ping Carpets International'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
=( (33.879 + 33.467) / 2 ) / 117.341*365 / 2
=33.673 / 117.341*365 / 2
=52.37

* 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 52.37 mean?
Tai Ping Carpets International (HKSE:00146) has a Days Payable of 52.37 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 Tai Ping Carpets International and its competitors. This is near median its historical median of 56.04. Over the past decade, Tai Ping Carpets International's Days Payable has ranged from 36.82 to 287.27. According to the industry distribution chart, Tai Ping Carpets International ranks #584 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57.1%.
Is Tai Ping Carpets International's Days Payable too high?
Tai Ping Carpets International's current Days Payable of 52.37 is near median its 10-year median of 56.04. Over the past 10 years, this metric has ranged from a low of 36.82 to a high of 287.27. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.04. Tai Ping Carpets International's value of 52.37 is 1.3% below this industry median. Based on the distribution chart, Tai Ping Carpets International ranks #584 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Tai Ping Carpets International has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tai Ping Carpets International's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tai Ping Carpets International ranks #584 out of 1022 companies for Days Payable. This places Tai Ping Carpets International in the lower half of its industry. The industry median Days Payable is 53.04. Tai Ping Carpets International's value of 52.37 is 1.3% below this benchmark. Historically, Tai Ping Carpets International's own Days Payable has ranged from 36.82 to 287.27 over the past decade. While the company's 10-year median is 56.04 vs. the industry median of 53.04, Tai Ping Carpets International 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.04, based on 1,022 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. Tai Ping Carpets International's current Days Payable of 52.37 is 1.3% 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 Tai Ping Carpets International and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tai Ping Carpets International's current Days Payable is 52.37, which is near median its own 10-year median of 56.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tai Ping Carpets International stock overvalued right now?
Based on GuruFocus' analysis, Tai Ping Carpets International (HKSE:00146) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$1.25, compared to a current price of HK$1.45 — trading 16% above its estimated fair value. The current Days Payable is 52.37, which is near median its 10-year median of 56.04 and 1.3% below the Manufacturing - Apparel & Accessories industry median of 53.04. Tai Ping Carpets International's overall GF Score™ is 56/100 with 1 warning sign 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 Tai Ping Carpets International (HKSE:00146), the current Days Payable is 52.37 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 Tai Ping Carpets International (HKSE:00146) Overvalued in 2026?

Based on GuruFocus' analysis, Tai Ping Carpets International stock appears to be overvalued. The current stock price of HK$1.45 is trading 16% above its estimated GF Value™ of HK$1.25. GuruFocus considers Tai Ping Carpets International to be Modestly Overvalued.

Key valuation signals for HKSE:00146:

  • Days Payable: 52.37 (near median its 10-year median of 56.04)
  • GF Value™: HK$1.25 vs. price of HK$1.45 (16% above fair value)
  • GF Score™: 56/100 with 1 warning sign
  • Industry Position: 1.3% below the Manufacturing - Apparel & Accessories median (#584 of 1022)

No single metric tells the full story. See the HKSE:00146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tai Ping Carpets International Business Description

Address 909 Cheung Sha Wan Road, 18th Floor, Units 1801-1804, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Tai Ping Carpets International Ltd is principally engaged in the design, manufacture, import, export and sale of carpets and the manufacture and sale of yarns. It focuses on focuses on handmade or traditionally woven carpets that target high-end business segments including luxury residential, private yachts and jets, boutique stores, and premium or VIP areas of corporate offices, luxury hotels and resorts. Its geographical segments include Asia, EMEA, and America. The company generates the majority of its revenue from the sale of carpets and underlays.
56GF Score

Get the complete analysis for HKSE:00146

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

HK$1.45
Price
HK$1.25
GF Value