Shandong Hi-Speed Holdings Group (HKSE:00412) Days Payable: 117.47 (As of Dec. 2025) — 11% Below Median


HKSE:00412 Shandong Hi-Speed Holdings Group Ltd HKSE:00412
55 GF Score
Price HK$0.45
GF Value HK$7.08
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Shandong Hi-Speed Holdings Group Days Payable?

Shandong Hi-Speed Holdings Group HKSE:00412 -6.25% 55 Days Payable is 117.47 as of Dec. 2025, which is 11% below its 10-year median of 132.24. GuruFocus rates HKSE:00412 with a GF Score™ of 55/100 and a GF Value™ of HK$7.08 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 486 Asset Management companies, Shandong Hi-Speed Holdings Group ranks better than 63.99% on this metric.

Shandong Hi-Speed Holdings Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$1,178 Mil. Shandong Hi-Speed Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$1,831 Mil. Hence, Shandong Hi-Speed Holdings Group's Days Payable for the six months ended in Dec. 2025 was 117.47.

The historical rank and industry rank for Shandong Hi-Speed Holdings Group's Days Payable or its related term are showing as below:

HKSE:00412' s Days Payable Range Over the Past 10 Years
Min: 4.41   Med: 132.24   Max: 367.08
Current: 130.3

During the past 13 years, Shandong Hi-Speed Holdings Group's highest Days Payable was 367.08. The lowest was 4.41. And the median was 132.24.

HKSE:00412's Days Payable is ranked better than
63.99% of 486 companies
in the Asset Management industry
Industry Median: 70.83 vs HKSE:00412: 130.30

Shandong Hi-Speed Holdings Group's Days Payable declined from Dec. 2024 (129.58) to Dec. 2025 (117.47). It may suggest that Shandong Hi-Speed Holdings Group accelerated paying its suppliers.


Shandong Hi-Speed Holdings Group Days Payable Related Terms


Shandong Hi-Speed Holdings Group Days Payable Historical Data

* Premium members only.

The historical data trend for Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings Group Days Payable Chart

Shandong Hi-Speed Holdings Group Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 367.08 204.96 150.97 132.24

Shandong Hi-Speed Holdings Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 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 183.05 165.20 129.58 143.94 117.47

HKSE:00412 vs BLK, BX, KKR: Days Payable Comparison

For the Asset Management subindustry, Shandong Hi-Speed Holdings 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.


Shandong Hi-Speed Holdings Group Days Payable vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Days Payable falls into.


HKSE:00412
55GF Score
Shandong Hi-Speed Holdings Group Ltd HKSE:00412
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings 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
=( (1122.913 + 1242.303) / 2 ) / 3264.223*365
=1182.608 / 3264.223*365
=132.24

Shandong Hi-Speed Holdings 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
=( (1114.436 + 1242.303) / 2 ) / 1830.761*365 / 2
=1178.3695 / 1830.761*365 / 2
=117.47

* 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 117.47 mean?
Shandong Hi-Speed Holdings Group (HKSE:00412) has a Days Payable of 117.47 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 Shandong Hi-Speed Holdings Group and its competitors. This is 11% below median its historical median of 132.24. Over the past decade, Shandong Hi-Speed Holdings Group's Days Payable has ranged from 4.41 to 367.08. According to the industry distribution chart, Shandong Hi-Speed Holdings Group ranks #175 out of 486 companies in the Asset Management industry, placing it in the top 36%.
Is Shandong Hi-Speed Holdings Group's Days Payable too high?
Shandong Hi-Speed Holdings Group's current Days Payable of 117.47 is 11% below median its 10-year median of 132.24. Over the past 10 years, this metric has ranged from a low of 4.41 to a high of 367.08. The Asset Management industry median Days Payable is 70.83. Shandong Hi-Speed Holdings Group's value of 117.47 is 65.8% above this industry median. Based on the distribution chart, Shandong Hi-Speed Holdings Group ranks #175 out of 486 companies in the Asset Management industry, which is above the industry midpoint. Overall, Shandong Hi-Speed Holdings Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Hi-Speed Holdings Group's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Shandong Hi-Speed Holdings Group ranks #175 out of 486 companies for Days Payable. This puts Shandong Hi-Speed Holdings Group in the upper half of its industry. The industry median Days Payable is 70.83. Shandong Hi-Speed Holdings Group's value of 117.47 is 65.8% above this benchmark. Historically, Shandong Hi-Speed Holdings Group's own Days Payable has ranged from 4.41 to 367.08 over the past decade. While the company's 10-year median is 132.24 vs. the industry median of 70.83, Shandong Hi-Speed Holdings 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.83, based on 486 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. Shandong Hi-Speed Holdings Group's current Days Payable of 117.47 is 65.8% 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 Shandong Hi-Speed Holdings Group and its competitors. For the Asset Management industry, the median Days Payable is 70.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Hi-Speed Holdings Group's current Days Payable is 117.47, which is 11% below median its own 10-year median of 132.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hi-Speed Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hi-Speed Holdings Group (HKSE:00412) is currently considered Possible Value Trap. The stock's GF Value™ is HK$7.08, compared to a current price of HK$0.45 — trading 93.6% below its estimated fair value. The current Days Payable is 117.47, which is 11% below median its 10-year median of 132.24 and 65.8% above the Asset Management industry median of 70.83. Shandong Hi-Speed Holdings Group's overall GF Score™ is 55/100 with 9 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 Shandong Hi-Speed Holdings Group (HKSE:00412), the current Days Payable is 117.47 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 Shandong Hi-Speed Holdings Group (HKSE:00412) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hi-Speed Holdings Group stock appears to be undervalued. The current stock price of HK$0.45 is trading 93.6% below its estimated GF Value™ of HK$7.08. GuruFocus considers Shandong Hi-Speed Holdings Group to be Possible Value Trap.

Key valuation signals for HKSE:00412:

  • Days Payable: 117.47 (11% below median its 10-year median of 132.24)
  • GF Value™: HK$7.08 vs. price of HK$0.45 (93.6% below fair value)
  • GF Score™: 55/100 with 9 warning signs
  • Industry Position: 65.8% above the Asset Management median (#175 of 486)

No single metric tells the full story. See the HKSE:00412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Hi-Speed Holdings Group Business Description

Other Exchanges HRI:Germany
Address 99 Queen’s Road Central, 38th Floor, The Center, Central, Hong Kong, HKG
Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include the Industrial investment segment in operations of the industrial investment-related business; the Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; the Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; and Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform.
55GF Score

Get the complete analysis for HKSE:00412

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

HK$0.45
Price
HK$7.08
GF Value