China New Town Development Co (HKSE:01278) Days Payable: 254.93 (As of Dec. 2025) — 73% Below Median

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What is China New Town Development Co Days Payable?

China New Town Development Co HKSE:01278 -4.23% Days Payable is 254.93 as of Dec. 2025, which is 73% below its 10-year median of 943.37. The stock has 6 warning signs investors should review. Among 1,575 Real Estate companies, China New Town Development Co ranks better than 84.19% on this metric.

China New Town Development Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$97.8 Mil. China New Town Development Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$70.0 Mil. Hence, China New Town Development Co's Days Payable for the six months ended in Dec. 2025 was 254.93.

The historical rank and industry rank for China New Town Development Co's Days Payable or its related term are showing as below:

HKSE:01278' s Days Payable Range Over the Past 10 Years
Min: 119.37   Med: 943.37   Max: 6369.95
Current: 394.94

During the past 13 years, China New Town Development Co's highest Days Payable was 6369.95. The lowest was 119.37. And the median was 943.37.

HKSE:01278's Days Payable is ranked better than
84.19% of 1575 companies
in the Real Estate industry
Industry Median: 95.33 vs HKSE:01278: 394.94

China New Town Development Co's Days Payable declined from Dec. 2024 (439.96) to Dec. 2025 (254.93). It may suggest that China New Town Development Co accelerated paying its suppliers.


China New Town Development Co Days Payable Historical Data

* Premium members only.

The historical data trend for China New Town Development Co'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 New Town Development Co Days Payable Chart

China New Town Development Co 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 887.06 999.67 1,050.39 648.61 399.24

China New Town Development Co 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 1,077.41 1,156.76 439.96 904.64 254.93

China New Town Development Co Days Payable Competitor Comparison

For the Real Estate - Development subindustry, China New Town Development Co'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 New Town Development Co Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China New Town Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China New Town Development Co's Days Payable falls into.



China New Town Development Co 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.

China New Town Development Co'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
=( (92.633 + 102.052) / 2 ) / 88.995*365
=97.3425 / 88.995*365
=399.24

China New Town Development Co'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
=( (93.549 + 102.052) / 2 ) / 70.015*365 / 2
=97.8005 / 70.015*365 / 2
=254.93

* 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 254.93 mean?
China New Town Development Co (HKSE:01278) has a Days Payable of 254.93 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 New Town Development Co and its competitors. This is 73% below median its historical median of 943.37. Over the past decade, China New Town Development Co's Days Payable has ranged from 119.37 to 6,369.95. According to the industry distribution chart, China New Town Development Co ranks #249 out of 1575 companies in the Real Estate industry, placing it in the top 15.8%.
Is China New Town Development Co's Days Payable too high?
China New Town Development Co's current Days Payable of 254.93 is 73% below median its 10-year median of 943.37. Over the past 10 years, this metric has ranged from a low of 119.37 to a high of 6,369.95. The Real Estate industry median Days Payable is 95.33. China New Town Development Co's value of 254.93 is 167.4% above this industry median. Based on the distribution chart, China New Town Development Co ranks #249 out of 1575 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers.
How does China New Town Development Co's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, China New Town Development Co ranks #249 out of 1575 companies for Days Payable. This places China New Town Development Co in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 95.33. China New Town Development Co's value of 254.93 is 167.4% above this benchmark. Historically, China New Town Development Co's own Days Payable has ranged from 119.37 to 6,369.95 over the past decade. While the company's 10-year median is 943.37 vs. the industry median of 95.33, China New Town Development Co has consistently been above 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 95.33, based on 1,575 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 New Town Development Co's current Days Payable of 254.93 is 167.4% above 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 New Town Development Co and its competitors. For the Real Estate industry, the median Days Payable is 95.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China New Town Development Co's current Days Payable is 254.93, which is 73% below median its own 10-year median of 943.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China New Town Development Co stock overvalued right now?
Based on GuruFocus' analysis, China New Town Development Co (HKSE:01278) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.07 — trading 2.9% below its estimated fair value. The current Days Payable is 254.93, which is 73% below median its 10-year median of 943.37 and 167.4% above the Real Estate industry median of 95.33. 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 New Town Development Co (HKSE:01278), the current Days Payable is 254.93 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.

China New Town Development Co Business Description

Address 18 Harbour Road, Suite 6508, Central Plaza, Wanchai, Hong Kong, HKG
China New Town Development Co Ltd is engaged in urbanization investment and real estate-related businesses in Mainland China. The company has four operating segments: Urbanization Investment, Property Leasing, Building Construction, and Others. The Urbanization Investment segment is responsible for fixed-income projects related to new-type urbanization. The Property Leasing segment provides leasing services for investment properties, while the Building Construction segment is engaged in the construction of ancillary public facilities. The Others segment includes the provision of other services. The company derives the majority of its revenue from the Urbanization Investment segment.