Feiyang International Holdings Group (HKSE:01901) Days Payable: 54.49 (As of Dec. 2025) — 29% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01901 Feiyang International Holdings Group Ltd HKSE:01901
48 GF Score
Price HK$0.20
GF Value HK$0.34
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Feiyang International Holdings Group Days Payable?

Feiyang International Holdings Group HKSE:01901 -4.67% 48 Days Payable is 54.49 as of Dec. 2025, which is 29% above its 10-year median of 42.32. GuruFocus rates HKSE:01901 with a GF Score™ of 48/100 and a GF Value™ of HK$0.34 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 780 Travel & Leisure companies, Feiyang International Holdings Group ranks worse than 72.82% on this metric.

Feiyang International Holdings Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$82.0 Mil. Feiyang International Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$274.7 Mil. Hence, Feiyang International Holdings Group's Days Payable for the six months ended in Dec. 2025 was 54.49.

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

HKSE:01901' s Days Payable Range Over the Past 10 Years
Min: 15.63   Med: 42.32   Max: 89.16
Current: 30.3

During the past 10 years, Feiyang International Holdings Group's highest Days Payable was 89.16. The lowest was 15.63. And the median was 42.32.

HKSE:01901's Days Payable is ranked worse than
72.82% of 780 companies
in the Travel & Leisure industry
Industry Median: 56.525 vs HKSE:01901: 30.30

Feiyang International Holdings Group's Days Payable increased from Dec. 2024 (33.09) to Dec. 2025 (54.49). It may suggest that Feiyang International Holdings Group delayed paying its suppliers.


Feiyang International Holdings Group Days Payable Related Terms


Feiyang International Holdings Group Days Payable Historical Data

* Premium members only.

The historical data trend for Feiyang International Holdings 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.

Feiyang International Holdings Group Days Payable Chart

Feiyang International Holdings 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 65.24 89.16 59.95 48.43 15.63

Feiyang International Holdings Group Semi-Annual Data
Dec16 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 570.15 47.52 33.09 28.80 54.49

HKSE:01901 vs BKNG, ABNB, RCL: Days Payable Comparison

For the Travel Services subindustry, Feiyang International Holdings 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.


Feiyang International Holdings Group Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Feiyang International Holdings Group's Days Payable distribution charts can be found below:

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


HKSE:01901
48GF Score
Feiyang International Holdings Group Ltd HKSE:01901
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Feiyang International Holdings 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.

Feiyang International Holdings 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
=( (36.104 + 33.199) / 2 ) / 809.231*365
=34.6515 / 809.231*365
=15.63

Feiyang International Holdings 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
=( (130.824 + 33.199) / 2 ) / 274.665*365 / 2
=82.0115 / 274.665*365 / 2
=54.49

* 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 54.49 mean?
Feiyang International Holdings Group (HKSE:01901) has a Days Payable of 54.49 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 Feiyang International Holdings Group and its competitors. This is 29% above median its historical median of 42.32. Over the past decade, Feiyang International Holdings Group's Days Payable has ranged from 15.63 to 89.16. According to the industry distribution chart, Feiyang International Holdings Group ranks #568 out of 780 companies in the Travel & Leisure industry, placing it in the top 72.8%.
Is Feiyang International Holdings Group's Days Payable too high?
Feiyang International Holdings Group's current Days Payable of 54.49 is 29% above median its 10-year median of 42.32. Over the past 10 years, this metric has ranged from a low of 15.63 to a high of 89.16. The Travel & Leisure industry median Days Payable is 56.53. Feiyang International Holdings Group's value of 54.49 is 3.6% below this industry median. Based on the distribution chart, Feiyang International Holdings Group ranks #568 out of 780 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Feiyang International Holdings Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Feiyang International Holdings Group's Days Payable compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Feiyang International Holdings Group ranks #568 out of 780 companies for Days Payable. This places Feiyang International Holdings Group in the lower half of its industry. The industry median Days Payable is 56.53. Feiyang International Holdings Group's value of 54.49 is 3.6% below this benchmark. Historically, Feiyang International Holdings Group's own Days Payable has ranged from 15.63 to 89.16 over the past decade. While the company's 10-year median is 42.32 vs. the industry median of 56.53, Feiyang International Holdings 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.53, based on 780 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. Feiyang International Holdings Group's current Days Payable of 54.49 is 3.6% 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 Feiyang International Holdings Group and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feiyang International Holdings Group's current Days Payable is 54.49, which is 29% above median its own 10-year median of 42.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feiyang International Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Feiyang International Holdings Group (HKSE:01901) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.34, compared to a current price of HK$0.20 — trading 40% below its estimated fair value. The current Days Payable is 54.49, which is 29% above median its 10-year median of 42.32 and 3.6% below the Travel & Leisure industry median of 56.53. Feiyang International Holdings Group's overall GF Score™ is 48/100 with 6 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 Feiyang International Holdings Group (HKSE:01901), the current Days Payable is 54.49 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 Feiyang International Holdings Group (HKSE:01901) Overvalued in 2026?

Based on GuruFocus' analysis, Feiyang International Holdings Group stock appears to be undervalued. The current stock price of HK$0.20 is trading 40% below its estimated GF Value™ of HK$0.34. GuruFocus considers Feiyang International Holdings Group to be Possible Value Trap.

Key valuation signals for HKSE:01901:

  • Days Payable: 54.49 (29% above median its 10-year median of 42.32)
  • GF Value™: HK$0.34 vs. price of HK$0.20 (40% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 3.6% below the Travel & Leisure median (#568 of 780)

No single metric tells the full story. See the HKSE:01901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feiyang International Holdings Group Business Description

Address No. 2437, Zhongshan East Road, East Mansion, Wuyi Plaza, Zhejiang Province, Ningbo, CHN
Feiyang International Holdings Group Ltd is an investment holding company. The Group is a well-established travel service provider and offers diversified products that cater for different travellers needs. It is principally involved the design, development and sales of outbound, domestic and surrounding travel package tours; the design, development and sales of FIT products, which mainly include provision of air tickets and/or hotel accommodation; the provision of ancillary travel-related products and services, admission tickets to tourist attractions, conferencing services and arranging purchase of travel insurance for the customers; the sales of health products; and the provision of information system development products and services. It has presence in Mainland China, and Hong Kong.
48GF Score

Get the complete analysis for HKSE:01901

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

HK$0.20
Price
HK$0.34
GF Value