Changyou International Group (HKSE:01039) Days Payable: 41.01 (As of Dec. 2025) — 43% Above Median

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What is Changyou International Group Days Payable?

Changyou International Group HKSE:01039 Days Payable is 41.01 as of Dec. 2025, which is 43% above its 10-year median of 28.60. The stock has 5 warning signs investors should review. Among 1,108 Retail - Cyclical companies, Changyou International Group ranks worse than 66.52% on this metric.

Changyou International Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$19.2 Mil. Changyou International Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$85.6 Mil. Hence, Changyou International Group's Days Payable for the six months ended in Dec. 2025 was 41.01.

The historical rank and industry rank for Changyou International Group's Days Payable or its related term are showing as below:

HKSE:01039' s Days Payable Range Over the Past 10 Years
Min: 13.69   Med: 28.6   Max: 59.08
Current: 36.11

During the past 13 years, Changyou International Group's highest Days Payable was 59.08. The lowest was 13.69. And the median was 28.60.

HKSE:01039's Days Payable is ranked worse than
66.52% of 1108 companies
in the Retail - Cyclical industry
Industry Median: 50.72 vs HKSE:01039: 36.11

Changyou International Group's Days Payable increased from Dec. 2024 (28.28) to Dec. 2025 (41.01). It may suggest that Changyou International Group delayed paying its suppliers.


Changyou International Group Days Payable Historical Data

* Premium members only.

The historical data trend for Changyou International 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.

Changyou International Group Days Payable Chart

Changyou International Group 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 50.71 28.78 21.50 28.41 32.39

Changyou International Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 28.68 22.92 28.28 34.44 41.01

HKSE:01039 vs AMZN, BABA, PDD: Days Payable Comparison

For the Internet Retail subindustry, Changyou International 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.


Changyou International Group Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Changyou International Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Changyou International Group's Days Payable falls into.



Changyou International 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.

Changyou International 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
=( (9.886 + 19.18) / 2 ) / 163.759*365
=14.533 / 163.759*365
=32.39

Changyou International 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
=( (19.297 + 19.18) / 2 ) / 85.612*365 / 2
=19.2385 / 85.612*365 / 2
=41.01

* 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 41.01 mean?
Changyou International Group (HKSE:01039) has a Days Payable of 41.01 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 Changyou International Group and its competitors. This is 43% above median its historical median of 28.60. Over the past decade, Changyou International Group's Days Payable has ranged from 13.69 to 59.08. According to the industry distribution chart, Changyou International Group ranks #737 out of 1108 companies in the Retail - Cyclical industry, placing it in the top 66.5%.
Is Changyou International Group's Days Payable too high?
Changyou International Group's current Days Payable of 41.01 is 43% above median its 10-year median of 28.60. Over the past 10 years, this metric has ranged from a low of 13.69 to a high of 59.08. The Retail - Cyclical industry median Days Payable is 50.72. Changyou International Group's value of 41.01 is 19.1% below this industry median. Based on the distribution chart, Changyou International Group ranks #737 out of 1108 companies in the Retail - Cyclical industry, which is below the industry midpoint.
How does Changyou International Group's Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Changyou International Group ranks #737 out of 1108 companies for Days Payable. This places Changyou International Group in the lower half of its industry. The industry median Days Payable is 50.72. Changyou International Group's value of 41.01 is 19.1% below this benchmark. Historically, Changyou International Group's own Days Payable has ranged from 13.69 to 59.08 over the past decade. While the company's 10-year median is 28.60 vs. the industry median of 50.72, Changyou International Group 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 50.72, based on 1,108 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. Changyou International Group's current Days Payable of 41.01 is 19.1% 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 Changyou International Group and its competitors. For the Retail - Cyclical industry, the median Days Payable is 50.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changyou International Group's current Days Payable is 41.01, which is 43% above median its own 10-year median of 28.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changyou International Group stock overvalued right now?
Based on GuruFocus' analysis, Changyou International Group (HKSE:01039) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.05 — trading 54% below its estimated fair value. The current Days Payable is 41.01, which is 43% above median its 10-year median of 28.60 and 19.1% below the Retail - Cyclical industry median of 50.72. 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 Changyou International Group (HKSE:01039), the current Days Payable is 41.01 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.

Changyou International Group Business Description

Address 100 Cyberport Road, Office Room 45, Unit 405-414, Level 4, Core E, Cyberport 3, Pok Fu Lam, Hong Kong, HKG
Changyou International Group Ltd is engaged in the the sales of goods in the form of virtual assets and credits for consumption of merchandises, games, services and other commercial transactions through the development and operation of an electronic trading platform to promote and facilitate awards earned by customers of loyalty programmes of other companies to be exchanged in the People's Republic of China ( PRC) and other trading business. The company mainly operates in the Digital Point segment that operates an electronic trading platform to promote and facilitate awards earned by customers of loyalty programmes of other companies to be exchanged globally in the form of virtual assets and credits for consumption of merchandises, games, services and other commercial transactions.