Capital Estate (HKSE:00193) Days Payable: 387.73 (As of Jan. 2026) — 4687% Above 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:00193 Capital Estate Ltd HKSE:00193
38 GF Score
Price HK$0.19
GF Value HK$0.17
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Capital Estate Days Payable?

Capital Estate HKSE:00193 -1.02% 38 Days Payable is 387.73 as of Jan. 2026, which is 4687% above its 10-year median of 8.10. GuruFocus rates HKSE:00193 with a GF Score™ of 38/100 and a GF Value™ of HK$0.17 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 779 Travel & Leisure companies, Capital Estate ranks better than 94.22% on this metric.

Capital Estate's average Accounts Payable for the six months ended in Jan. 2026 was HK$5.73 Mil. Capital Estate's Cost of Goods Sold for the six months ended in Jan. 2026 was HK$2.70 Mil. Hence, Capital Estate's Days Payable for the six months ended in Jan. 2026 was 387.73.

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

HKSE:00193' s Days Payable Range Over the Past 10 Years
Min: 1.09   Med: 8.1   Max: 511.55
Current: 511.55

During the past 13 years, Capital Estate's highest Days Payable was 511.55. The lowest was 1.09. And the median was 8.10.

HKSE:00193's Days Payable is ranked better than
94.22% of 779 companies
in the Travel & Leisure industry
Industry Median: 56.41 vs HKSE:00193: 511.55

Capital Estate's Days Payable increased from Jan. 2025 (156.45) to Jan. 2026 (387.73). It may suggest that Capital Estate delayed paying its suppliers.


Capital Estate Days Payable Historical Data

* Premium members only.

The historical data trend for Capital Estate'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.

Capital Estate Days Payable Chart

Capital Estate Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 1.09 13.51 6.63 7.51

Capital Estate Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 131.03 72.01 156.45 383.90 387.73

HKSE:00193 vs MAR, HLT, H: Days Payable Comparison

For the Lodging subindustry, Capital Estate'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.


Capital Estate Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Capital Estate's Days Payable distribution charts can be found below:

* The bar in red indicates where Capital Estate's Days Payable falls into.


HKSE:00193
38GF Score
Capital Estate Ltd HKSE:00193
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Estate 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.

Capital Estate's Days Payable for the fiscal year that ended in Jul. 2025 is calculated as

Days Payable (A: Jul. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jul. 2024 ) + Accounts Payable (A: Jul. 2025 )) / count ) / Cost of Goods Sold (A: Jul. 2025 )*Days in Period
=( (0.3 + 0.128) / 2 ) / 10.403*365
=0.214 / 10.403*365
=7.51

Capital Estate's Days Payable for the quarter that ended in Jan. 2026 is calculated as:

Days Payable (Q: Jan. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jul. 2025 ) + Accounts Payable (Q: Jan. 2026 )) / count ) / Cost of Goods Sold (Q: Jan. 2026 )*Days in Period
=( (0.128 + 11.336) / 2 ) / 2.698*365 / 2
=5.732 / 2.698*365 / 2
=387.73

* 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 387.73 mean?
Capital Estate (HKSE:00193) has a Days Payable of 387.73 as of Jan. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Capital Estate and its competitors. This is 4687% above median its historical median of 8.10. Over the past decade, Capital Estate's Days Payable has ranged from 1.09 to 511.55. According to the industry distribution chart, Capital Estate ranks #45 out of 779 companies in the Travel & Leisure industry, placing it in the top 5.8%.
Is Capital Estate's Days Payable too high?
Capital Estate's current Days Payable of 387.73 is 4687% above median its 10-year median of 8.10. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 511.55. The Travel & Leisure industry median Days Payable is 56.41. Capital Estate's value of 387.73 is 587.3% above this industry median. Based on the distribution chart, Capital Estate ranks #45 out of 779 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Estate has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Estate's Days Payable compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Capital Estate ranks #45 out of 779 companies for Days Payable. This places Capital Estate in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.41. Capital Estate's value of 387.73 is 587.3% above this benchmark. Historically, Capital Estate's own Days Payable has ranged from 1.09 to 511.55 over the past decade. While the company's 10-year median is 8.10 vs. the industry median of 56.41, Capital Estate 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 56.41, based on 779 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. Capital Estate's current Days Payable of 387.73 is 587.3% 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 Capital Estate and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Estate's current Days Payable is 387.73, which is 4687% above median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Estate stock overvalued right now?
Based on GuruFocus' analysis, Capital Estate (HKSE:00193) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.19 — trading 14.1% above its estimated fair value. The current Days Payable is 387.73, which is 4687% above median its 10-year median of 8.10 and 587.3% above the Travel & Leisure industry median of 56.41. Capital Estate's overall GF Score™ is 38/100 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 Capital Estate (HKSE:00193), the current Days Payable is 387.73 as of Jan. 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 Capital Estate (HKSE:00193) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Estate stock appears to be overvalued. The current stock price of HK$0.19 is trading 14.1% above its estimated GF Value™ of HK$0.17. GuruFocus considers Capital Estate to be Modestly Overvalued.

Key valuation signals for HKSE:00193:

  • Days Payable: 387.73 (4687% above median its 10-year median of 8.10)
  • GF Value™: HK$0.17 vs. price of HK$0.19 (14.1% above fair value)
  • GF Score™: 38/100 with 3 warning signs
  • Industry Position: 587.3% above the Travel & Leisure median (#45 of 779)

No single metric tells the full story. See the HKSE:00193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capital Estate Business Description

Address 30 Harbour Road, 12th Floor, Room 1211-1220, Sun Hung Kai Centre, Wan Chai, Hong Kong, HKG
Capital Estate Ltd is a Hong Kong-based investment holding company. The company operates through three segments: Hotel Operations, which is engaged in hotel businesses and the provision of related services; Financial Investment segment, which is involved in the trading of listed securities and other financial instruments; Property segment, which engages in leasing and sales of properties; and Consumer Finance, which involves the provision of consumer finance services. The majority of its revenue is derived from Consumer finance. Geographically, it generates maximum revenue from Mainland China.
38GF Score

Get the complete analysis for HKSE:00193

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

HK$0.19
Price
HK$0.17
GF Value