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The historical rank and industry rank for Chiho Environmental Group's Days Payable or its related term are showing as below:
HKSE:00976's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.05 * Ranked among companies with meaningful Days Payable only.
* 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.
HKSE:00976 vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, Chiho Environmental 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.
Chiho Environmental Group Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chiho Environmental Group's Days Payable distribution charts can be found below:
* The bar in red indicates where Chiho Environmental Group's Days Payable falls into.
Chiho Environmental 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.
Chiho Environmental Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Chiho Environmental Group (HKSE:00976) has a Days Payable of 37.01 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Chiho Environmental Group and its competitors.
Is Chiho Environmental Group's Days Payable too high?
Chiho Environmental Group's current Days Payable is 37.01. The Industrial Products industry median Days Payable is 78.05. Chiho Environmental Group's value of 37.01 is 52.6% below this industry median. Overall, Chiho Environmental Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Chiho Environmental Group's Days Payable compare to CRS and ATI?
Chiho Environmental Group's Days Payable of 37.01 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.05. Chiho Environmental Group's value of 37.01 is 52.6% below this benchmark. 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 Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,995 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. Chiho Environmental Group's current Days Payable of 37.01 is 52.6% 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 Chiho Environmental Group and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiho Environmental Group's current Days Payable is 37.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiho Environmental Group stock overvalued right now?
Chiho Environmental Group (HKSE:00976) has a current Days Payable of 37.01. The current Days Payable is 37.01 and 52.6% below the Industrial Products industry median of 78.05. Chiho Environmental Group's overall GF Score™ is 4/100. 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 Chiho Environmental Group (HKSE:00976), the current Days Payable is 37.01 as of Jun. 2024. 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.
Chiho Environmental Group Ltd is engaged in the principal business of resources recycling, involving recycling of mixed metal, end-of-life vehicle (ELV), waste electrical and electronic equipment (WEEE), wasted oil and Zorba in Asia, Europe and North America. The company, Geographically operates in Asia, Europe and North America, out of which majority of revenue is derived Europe.
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