Tang Palace (China) Holdings (HKSE:01181) Days Payable: 20.78 (As of Dec. 2025) — 23% Below Median

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What is Tang Palace (China) Holdings Days Payable?

Tang Palace (China) Holdings HKSE:01181 Days Payable is 20.78 as of Dec. 2025, which is 23% below its 10-year median of 27.15. The stock has 7 warning signs investors should review. Among 352 Restaurants companies, Tang Palace (China) Holdings ranks worse than 81.25% on this metric.

Tang Palace (China) Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$40.5 Mil. Tang Palace (China) Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$355.4 Mil. Hence, Tang Palace (China) Holdings's Days Payable for the six months ended in Dec. 2025 was 20.78.

The historical rank and industry rank for Tang Palace (China) Holdings's Days Payable or its related term are showing as below:

HKSE:01181' s Days Payable Range Over the Past 10 Years
Min: 21.51   Med: 27.15   Max: 63.86
Current: 21.51

During the past 13 years, Tang Palace (China) Holdings's highest Days Payable was 63.86. The lowest was 21.51. And the median was 27.15.

HKSE:01181's Days Payable is ranked worse than
81.25% of 352 companies
in the Restaurants industry
Industry Median: 34.565 vs HKSE:01181: 21.51

Tang Palace (China) Holdings's Days Payable declined from Dec. 2024 (22.08) to Dec. 2025 (20.78). It may suggest that Tang Palace (China) Holdings accelerated paying its suppliers.


Tang Palace (China) Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Tang Palace (China) Holdings'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.

Tang Palace (China) Holdings Days Payable Chart

Tang Palace (China) Holdings 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 26.24 28.65 23.16 24.09 21.95

Tang Palace (China) Holdings 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 25.07 22.73 22.08 21.64 20.78

HKSE:01181 vs MCD, SBUX, YUM: Days Payable Comparison

For the Restaurants subindustry, Tang Palace (China) Holdings'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.


Tang Palace (China) Holdings Days Payable vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Days Payable falls into.



Tang Palace (China) Holdings 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.

Tang Palace (China) Holdings'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
=( (47.79 + 40.292) / 2 ) / 732.38*365
=44.041 / 732.38*365
=21.95

Tang Palace (China) Holdings'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
=( (40.671 + 40.292) / 2 ) / 355.444*365 / 2
=40.4815 / 355.444*365 / 2
=20.78

* 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 20.78 mean?
Tang Palace (China) Holdings (HKSE:01181) has a Days Payable of 20.78 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 Tang Palace (China) Holdings and its competitors. This is 23% below median its historical median of 27.15. Over the past decade, Tang Palace (China) Holdings' Days Payable has ranged from 21.51 to 63.86. According to the industry distribution chart, Tang Palace (China) Holdings ranks #286 out of 352 companies in the Restaurants industry, placing it in the top 81.2%.
Is Tang Palace (China) Holdings' Days Payable too high?
Tang Palace (China) Holdings' current Days Payable of 20.78 is 23% below median its 10-year median of 27.15. Over the past 10 years, this metric has ranged from a low of 21.51 to a high of 63.86. The Restaurants industry median Days Payable is 34.57. Tang Palace (China) Holdings' value of 20.78 is 39.9% below this industry median. Based on the distribution chart, Tang Palace (China) Holdings ranks #286 out of 352 companies in the Restaurants industry, which is in the bottom quartile relative to peers.
How does Tang Palace (China) Holdings' Days Payable compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Tang Palace (China) Holdings ranks #286 out of 352 companies for Days Payable. This places Tang Palace (China) Holdings in the lower half of its industry. The industry median Days Payable is 34.57. Tang Palace (China) Holdings' value of 20.78 is 39.9% below this benchmark. Historically, Tang Palace (China) Holdings' own Days Payable has ranged from 21.51 to 63.86 over the past decade. While the company's 10-year median is 27.15 vs. the industry median of 34.57, Tang Palace (China) Holdings 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 Restaurants company?
The median Days Payable among Restaurants companies is 34.57, based on 352 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. Tang Palace (China) Holdings's current Days Payable of 20.78 is 39.9% 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 Tang Palace (China) Holdings and its competitors. For the Restaurants industry, the median Days Payable is 34.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tang Palace (China) Holdings's current Days Payable is 20.78, which is 23% below median its own 10-year median of 27.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tang Palace (China) Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tang Palace (China) Holdings (HKSE:01181) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.10 — trading 58.3% below its estimated fair value. The current Days Payable is 20.78, which is 23% below median its 10-year median of 27.15 and 39.9% below the Restaurants industry median of 34.57. 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 Tang Palace (China) Holdings (HKSE:01181), the current Days Payable is 20.78 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.

Tang Palace (China) Holdings Business Description

Address No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG
Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauces, food ingredients, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. The majority of revenue is generated from the Eastern China segment. The company operates restaurants under the brands of Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich.