Lee & Man Chemical Co (HKSE:00746) Days Payable: 71.81 (As of Dec. 2025) — 29% 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:00746 Lee & Man Chemical Co Ltd HKSE:00746
75 GF Score
Price HK$4.70
GF Value HK$3.92
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Lee & Man Chemical Co Days Payable?

Lee & Man Chemical Co HKSE:00746 -2.69% 75 Days Payable is 71.81 as of Dec. 2025, which is 29% above its 10-year median of 55.67. GuruFocus rates HKSE:00746 with a GF Score™ of 75/100 and a GF Value™ of HK$3.92 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,558 Chemicals companies, Lee & Man Chemical Co ranks better than 58.15% on this metric.

Lee & Man Chemical Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$484 Mil. Lee & Man Chemical Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$1,229 Mil. Hence, Lee & Man Chemical Co's Days Payable for the six months ended in Dec. 2025 was 71.81.

The historical rank and industry rank for Lee & Man Chemical Co's Days Payable or its related term are showing as below:

HKSE:00746' s Days Payable Range Over the Past 10 Years
Min: 25.55   Med: 55.67   Max: 94.02
Current: 68.78

During the past 13 years, Lee & Man Chemical Co's highest Days Payable was 94.02. The lowest was 25.55. And the median was 55.67.

HKSE:00746's Days Payable is ranked better than
58.15% of 1558 companies
in the Chemicals industry
Industry Median: 59.885 vs HKSE:00746: 68.78

Lee & Man Chemical Co's Days Payable increased from Dec. 2024 (67.75) to Dec. 2025 (71.81). It may suggest that Lee & Man Chemical Co delayed paying its suppliers.


Lee & Man Chemical Co Days Payable Historical Data

* Premium members only.

The historical data trend for Lee & Man Chemical Co'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.

Lee & Man Chemical Co Days Payable Chart

Lee & Man Chemical Co 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 72.34 53.91 53.49 57.42 72.75

Lee & Man Chemical Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 58.63 67.75 72.21 71.81 65.64

HKSE:00746 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Lee & Man Chemical Co'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.


Lee & Man Chemical Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lee & Man Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lee & Man Chemical Co's Days Payable falls into.


HKSE:00746
75GF Score
Lee & Man Chemical Co Ltd HKSE:00746
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lee & Man Chemical Co 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.

Lee & Man Chemical Co'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
=( (493.417 + 487.146) / 2 ) / 2459.979*365
=490.2815 / 2459.979*365
=72.75

Lee & Man Chemical Co'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
=( (480.374 + 487.146) / 2 ) / 1229.391*365 / 2
=483.76 / 1229.391*365 / 2
=71.81

* 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 71.81 mean?
Lee & Man Chemical Co (HKSE:00746) has a Days Payable of 71.81 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 Lee & Man Chemical Co and its competitors. This is 29% above median its historical median of 55.67. Over the past decade, Lee & Man Chemical Co's Days Payable has ranged from 25.55 to 94.02. According to the industry distribution chart, Lee & Man Chemical Co ranks #652 out of 1558 companies in the Chemicals industry, placing it in the top 41.8%.
Is Lee & Man Chemical Co's Days Payable too high?
Lee & Man Chemical Co's current Days Payable of 71.81 is 29% above median its 10-year median of 55.67. Over the past 10 years, this metric has ranged from a low of 25.55 to a high of 94.02. The Chemicals industry median Days Payable is 59.89. Lee & Man Chemical Co's value of 71.81 is 19.9% above this industry median. Based on the distribution chart, Lee & Man Chemical Co ranks #652 out of 1558 companies in the Chemicals industry, which is above the industry midpoint. Overall, Lee & Man Chemical Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Chemical Co's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Lee & Man Chemical Co ranks #652 out of 1558 companies for Days Payable. This puts Lee & Man Chemical Co in the upper half of its industry. The industry median Days Payable is 59.89. Lee & Man Chemical Co's value of 71.81 is 19.9% above this benchmark. Historically, Lee & Man Chemical Co's own Days Payable has ranged from 25.55 to 94.02 over the past decade. While the company's 10-year median is 55.67 vs. the industry median of 59.89, Lee & Man Chemical Co 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.89, based on 1,558 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. Lee & Man Chemical Co's current Days Payable of 71.81 is 19.9% 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 Lee & Man Chemical Co and its competitors. For the Chemicals industry, the median Days Payable is 59.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee & Man Chemical Co's current Days Payable is 71.81, which is 29% above median its own 10-year median of 55.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Chemical Co (HKSE:00746) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$3.92, compared to a current price of HK$4.70 — trading 19.9% above its estimated fair value. The current Days Payable is 71.81, which is 29% above median its 10-year median of 55.67 and 19.9% above the Chemicals industry median of 59.89. Lee & Man Chemical Co's overall GF Score™ is 75/100 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 Lee & Man Chemical Co (HKSE:00746), the current Days Payable is 71.81 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 Lee & Man Chemical Co (HKSE:00746) Overvalued in 2026?

Based on GuruFocus' analysis, Lee & Man Chemical Co stock appears to be overvalued. The current stock price of HK$4.70 is trading 19.9% above its estimated GF Value™ of HK$3.92. GuruFocus considers Lee & Man Chemical Co to be Modestly Overvalued.

Key valuation signals for HKSE:00746:

  • Days Payable: 71.81 (29% above median its 10-year median of 55.67)
  • GF Value™: HK$3.92 vs. price of HK$4.70 (19.9% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 19.9% above the Chemicals median (#652 of 1558)

No single metric tells the full story. See the HKSE:00746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lee & Man Chemical Co Business Description

Address 169 Electric Road, Unit B, 35th Floor, Lee & Man Commercial Center, North Point, Hong Kong, HKG
Lee & Man Chemical Co Ltd is an investment holding company. The company is engaged in the manufacture and sale of chemical products. Its products include Polymers, Basic Chemicals, Food / Water Additives, Paper Additives, and Lithium Ion Battery Additives. Its segment includes the Chemical segment manufacture and sale of chemical products; and the Property segment engaged in the development and sale of properties, properties held for rental, and supply of related property services. It generates the majority of its revenue from the Chemical segment. Its operations of the two segments are both located in the PRC. Its revenue of the Group's from external customers is derived from the PRC.
75GF Score

Get the complete analysis for HKSE:00746

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

HK$4.70
Price
HK$3.92
GF Value