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China Merchants LandHKSE:00978 +0.84%43 Days Payable is 82.13 as of Dec. 2025, which is 44% below its 10-year median of 147.64. GuruFocus rates HKSE:00978 with a GF Score™ of 43/100 and a GF Value™ of HK$0.31 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,570 Real Estate companies, China Merchants Land ranks better than 58.6% on this metric.
The historical rank and industry rank for China Merchants Land's Days Payable or its related term are showing as below:
HKSE:00978'
s Days Payable Range Over the Past 10 Years
Min: 107.45 Med: 147.64 Max: 207.39
Current: 126.36
During the past 13 years, China Merchants Land's highest Days Payable was 207.39. The lowest was 107.45. And the median was 147.64.
HKSE:00978's Days Payable is ranked better than 58.6% of 1570
companies
in the Real Estate industry
Industry Median: 94.205
vs HKSE:00978: 126.36
China Merchants Land's Days Payable
declined
from Dec. 2024 (99.12) to Dec. 2025 (82.13).
It may suggest that China Merchants Landaccelerated paying its suppliers.
China Merchants Land Days Payable Related Terms
China Merchants Land Days Payable Historical Data
* Premium members only.
The historical data trend for China Merchants Land'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.
China Merchants Land Days Payable Competitor Comparison
For the Real Estate - Diversified subindustry, China Merchants Land'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.
China Merchants Land Days Payable vs Real Estate Industry
For the Real Estate industry and Real Estate sector, China Merchants Land's Days Payable distribution charts can be found below:
* The bar in red indicates where China Merchants Land's Days Payable falls into.
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.
China Merchants Land's Days Payable for the fiscal year that ended in Dec. 2025 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.
China Merchants Land (HKSE:00978) has a Days Payable of 82.13 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 China Merchants Land and its competitors. This is 44% below median its historical median of 147.64. Over the past decade, China Merchants Land's Days Payable has ranged from 107.45 to 207.39. According to the industry distribution chart, China Merchants Land ranks #650 out of 1570 companies in the Real Estate industry, placing it in the top 41.4%.
Is China Merchants Land's Days Payable too high?
China Merchants Land's current Days Payable of 82.13 is 44% below median its 10-year median of 147.64. Over the past 10 years, this metric has ranged from a low of 107.45 to a high of 207.39. The Real Estate industry median Days Payable is 94.21. China Merchants Land's value of 82.13 is 12.8% below this industry median. Based on the distribution chart, China Merchants Land ranks #650 out of 1570 companies in the Real Estate industry, which is above the industry midpoint. Overall, China Merchants Land has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Land's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, China Merchants Land ranks #650 out of 1570 companies for Days Payable. This puts China Merchants Land in the upper half of its industry. The industry median Days Payable is 94.21. China Merchants Land's value of 82.13 is 12.8% below this benchmark. Historically, China Merchants Land's own Days Payable has ranged from 107.45 to 207.39 over the past decade. While the company's 10-year median is 147.64 vs. the industry median of 94.21, China Merchants Land 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.21, based on 1,570 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. China Merchants Land's current Days Payable of 82.13 is 12.8% 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 China Merchants Land and its competitors. For the Real Estate industry, the median Days Payable is 94.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Land's current Days Payable is 82.13, which is 44% below median its own 10-year median of 147.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Land stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Land (HKSE:00978) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.31, compared to a current price of HK$0.24 — trading 22.6% below its estimated fair value. The current Days Payable is 82.13, which is 44% below median its 10-year median of 147.64 and 12.8% below the Real Estate industry median of 94.21. China Merchants Land's overall GF Score™ is 43/100 with 8 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 China Merchants Land (HKSE:00978), the current Days Payable is 82.13 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 China Merchants Land (HKSE:00978) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Land stock appears to be undervalued.
The current stock price of HK$0.24 is trading 22.6% below its estimated GF Value™ of HK$0.31.
GuruFocus considers China Merchants Land to be Modestly Undervalued.
Key valuation signals for HKSE:00978:
Days Payable: 82.13 (44% below median its 10-year median of 147.64)
GF Value™: HK$0.31 vs. price of HK$0.24 (22.6% below fair value)
Industry Position: 12.8% below the Real Estate median (#650 of 1570)
No single metric tells the full story. See the HKSE:00978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Land Ltd is an investment holding company. The company is principally engaged in the development, sale, lease, investment and management of properties; assets management; and investment holding activities. The company has two operating segment Development and sales of properties and property leasing (Properties Segment); and Asset management for office premises and shopping malls (Asset Management Segment). The company generated majority of revenue from Properties Segment. The company has presence in Foshan, Guangzhou, Nanjing and Jurong, Chongqing, Xi'an, and Hong Kong.
43GF Score
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