South Manganese Investment (HKSE:01091) Days Payable: 69.44 (As of Dec. 2025) — 41% Above Median

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HKSE:01091 South Manganese Investment Ltd HKSE:01091
44 GF Score
Price HK$0.38
GF Value HK$0.14
Valuation Significantly Overvalued
! 4 Warning Signs
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What is South Manganese Investment Days Payable?

South Manganese Investment HKSE:01091 -1.30% 44 Days Payable is 69.44 as of Dec. 2025, which is 41% above its 10-year median of 49.35. GuruFocus rates HKSE:01091 with a GF Score™ of 44/100 and a GF Value™ of HK$0.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,067 Metals & Mining companies, South Manganese Investment ranks worse than 59.61% on this metric.

South Manganese Investment's average Accounts Payable for the six months ended in Dec. 2025 was HK$1,120 Mil. South Manganese Investment's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$2,943 Mil. Hence, South Manganese Investment's Days Payable for the six months ended in Dec. 2025 was 69.44.

The historical rank and industry rank for South Manganese Investment's Days Payable or its related term are showing as below:

HKSE:01091' s Days Payable Range Over the Past 10 Years
Min: 34.51   Med: 49.35   Max: 94.09
Current: 79.1

During the past 13 years, South Manganese Investment's highest Days Payable was 94.09. The lowest was 34.51. And the median was 49.35.

HKSE:01091's Days Payable is ranked worse than
59.61% of 1067 companies
in the Metals & Mining industry
Industry Median: 121.51 vs HKSE:01091: 79.10

South Manganese Investment's Days Payable increased from Dec. 2024 (36.41) to Dec. 2025 (69.44). It may suggest that South Manganese Investment delayed paying its suppliers.


South Manganese Investment Days Payable Historical Data

* Premium members only.

The historical data trend for South Manganese Investment'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.

South Manganese Investment Days Payable Chart

South Manganese Investment 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 34.51 42.94 40.53 37.87 85.72

South Manganese Investment 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 36.27 53.14 36.41 83.73 69.44

South Manganese Investment Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.


South Manganese Investment Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where South Manganese Investment's Days Payable falls into.


HKSE:01091
44GF Score
South Manganese Investment Ltd HKSE:01091
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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South Manganese Investment 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.

South Manganese Investment'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
=( (1207.9 + 1282.589) / 2 ) / 5302.339*365
=1245.2445 / 5302.339*365
=85.72

South Manganese Investment'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
=( (956.961 + 1282.589) / 2 ) / 2943.036*365 / 2
=1119.775 / 2943.036*365 / 2
=69.44

* 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 69.44 mean?
South Manganese Investment (HKSE:01091) has a Days Payable of 69.44 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 South Manganese Investment and its competitors. This is 41% above median its historical median of 49.35. Over the past decade, South Manganese Investment's Days Payable has ranged from 34.51 to 94.09. According to the industry distribution chart, South Manganese Investment ranks #636 out of 1067 companies in the Metals & Mining industry, placing it in the top 59.6%.
Is South Manganese Investment's Days Payable too high?
South Manganese Investment's current Days Payable of 69.44 is 41% above median its 10-year median of 49.35. Over the past 10 years, this metric has ranged from a low of 34.51 to a high of 94.09. The Metals & Mining industry median Days Payable is 121.51. South Manganese Investment's value of 69.44 is 42.9% below this industry median. Based on the distribution chart, South Manganese Investment ranks #636 out of 1067 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, South Manganese Investment has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South Manganese Investment's Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, South Manganese Investment ranks #636 out of 1067 companies for Days Payable. This places South Manganese Investment in the lower half of its industry. The industry median Days Payable is 121.51. South Manganese Investment's value of 69.44 is 42.9% below this benchmark. Historically, South Manganese Investment's own Days Payable has ranged from 34.51 to 94.09 over the past decade. While the company's 10-year median is 49.35 vs. the industry median of 121.51, South Manganese Investment 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 121.51, based on 1,067 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. South Manganese Investment's current Days Payable of 69.44 is 42.9% 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 South Manganese Investment and its competitors. For the Metals & Mining industry, the median Days Payable is 121.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Manganese Investment's current Days Payable is 69.44, which is 41% above median its own 10-year median of 49.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Manganese Investment stock overvalued right now?
Based on GuruFocus' analysis, South Manganese Investment (HKSE:01091) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.38 — trading 171.4% above its estimated fair value. The current Days Payable is 69.44, which is 41% above median its 10-year median of 49.35 and 42.9% below the Metals & Mining industry median of 121.51. South Manganese Investment's overall GF Score™ is 44/100 with 4 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 South Manganese Investment (HKSE:01091), the current Days Payable is 69.44 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 South Manganese Investment (HKSE:01091) Overvalued in 2026?

Based on GuruFocus' analysis, South Manganese Investment stock appears to be overvalued. The current stock price of HK$0.38 is trading 171.4% above its estimated GF Value™ of HK$0.14. GuruFocus considers South Manganese Investment to be Significantly Overvalued.

Key valuation signals for HKSE:01091:

  • Days Payable: 69.44 (41% above median its 10-year median of 49.35)
  • GF Value™: HK$0.14 vs. price of HK$0.38 (171.4% above fair value)
  • GF Score™: 44/100 with 4 warning signs
  • Industry Position: 42.9% below the Metals & Mining median (#636 of 1067)

No single metric tells the full story. See the HKSE:01091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


South Manganese Investment Business Description

Other Exchanges 00D0:Germany
Address 89 Queensway, Room 3603, 36 Floor, United Centre, Admiralty, Hong Kong, HKG
South Manganese Investment Ltd is a mining company engaged in manganese mining, ore processing in China and Gabon, and downstream processing operations in the PRC. The company operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and others business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.
44GF Score

Get the complete analysis for HKSE:01091

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

HK$0.38
Price
HK$0.14
GF Value