Zero2IPO Holdings (HKSE:01945) Days Payable: 4.69 (As of Dec. 2025) — 60% Below Median

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HKSE:01945 Zero2IPO Holdings Inc HKSE:01945
87 GF Score
Price HK$1.51
GF Value HK$1.63
Valuation Fairly Valued
! 2 Warning Signs
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What is Zero2IPO Holdings Days Payable?

Zero2IPO Holdings HKSE:01945 -0.66% 87 Days Payable is 4.69 as of Dec. 2025, which is 60% below its 10-year median of 11.78. GuruFocus rates HKSE:01945 with a GF Score™ of 87/100 and a GF Value™ of HK$1.63 (Fairly Valued). The stock has 2 warning signs investors should review. Among 76 Diversified Financial Services companies, Zero2IPO Holdings ranks worse than 94.74% on this metric.

Zero2IPO Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$2.1 Mil. Zero2IPO Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$82.8 Mil. Hence, Zero2IPO Holdings's Days Payable for the six months ended in Dec. 2025 was 4.69.

The historical rank and industry rank for Zero2IPO Holdings's Days Payable or its related term are showing as below:

HKSE:01945' s Days Payable Range Over the Past 10 Years
Min: 7.14   Med: 11.78   Max: 19.11
Current: 7.14

During the past 9 years, Zero2IPO Holdings's highest Days Payable was 19.11. The lowest was 7.14. And the median was 11.78.

HKSE:01945's Days Payable is ranked worse than
94.74% of 76 companies
in the Diversified Financial Services industry
Industry Median: 71.83 vs HKSE:01945: 7.14

Zero2IPO Holdings's Days Payable declined from Dec. 2024 (11.51) to Dec. 2025 (4.69). It may suggest that Zero2IPO Holdings accelerated paying its suppliers.


Zero2IPO Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Zero2IPO 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.

Zero2IPO Holdings Days Payable Chart

Zero2IPO Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 8.62 11.59 14.00 11.78 7.68

Zero2IPO Holdings Semi-Annual Data
Dec17 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 11.70 16.70 11.51 10.21 4.69

HKSE:01945 vs FRHC, VOYA: Days Payable Comparison

For the Financial Conglomerates subindustry, Zero2IPO 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.


Zero2IPO Holdings Days Payable vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Zero2IPO Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Zero2IPO Holdings's Days Payable falls into.


HKSE:01945
87GF Score
Zero2IPO Holdings Inc HKSE:01945
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Zero2IPO 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.

Zero2IPO 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
=( (3.738 + 2.018) / 2 ) / 136.836*365
=2.878 / 136.836*365
=7.68

Zero2IPO 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
=( (2.241 + 2.018) / 2 ) / 82.814*365 / 2
=2.1295 / 82.814*365 / 2
=4.69

* 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 4.69 mean?
Zero2IPO Holdings (HKSE:01945) has a Days Payable of 4.69 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 Zero2IPO Holdings and its competitors. This is 60% below median its historical median of 11.78. Over the past decade, Zero2IPO Holdings' Days Payable has ranged from 7.14 to 19.11. According to the industry distribution chart, Zero2IPO Holdings ranks #72 out of 76 companies in the Diversified Financial Services industry, placing it in the top 94.7%.
Is Zero2IPO Holdings' Days Payable too high?
Zero2IPO Holdings' current Days Payable of 4.69 is 60% below median its 10-year median of 11.78. Over the past 10 years, this metric has ranged from a low of 7.14 to a high of 19.11. The Diversified Financial Services industry median Days Payable is 71.83. Zero2IPO Holdings' value of 4.69 is 93.5% below this industry median. Based on the distribution chart, Zero2IPO Holdings ranks #72 out of 76 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Zero2IPO Holdings has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zero2IPO Holdings' Days Payable compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Zero2IPO Holdings ranks #72 out of 76 companies for Days Payable. This places Zero2IPO Holdings in the lower half of its industry. The industry median Days Payable is 71.83. Zero2IPO Holdings' value of 4.69 is 93.5% below this benchmark. Historically, Zero2IPO Holdings' own Days Payable has ranged from 7.14 to 19.11 over the past decade. While the company's 10-year median is 11.78 vs. the industry median of 71.83, Zero2IPO 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 Diversified Financial Services company?
The median Days Payable among Diversified Financial Services companies is 71.83, based on 76 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. Zero2IPO Holdings's current Days Payable of 4.69 is 93.5% 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 Zero2IPO Holdings and its competitors. For the Diversified Financial Services industry, the median Days Payable is 71.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero2IPO Holdings's current Days Payable is 4.69, which is 60% below median its own 10-year median of 11.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero2IPO Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zero2IPO Holdings (HKSE:01945) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.63, compared to a current price of HK$1.51 — trading 7.4% below its estimated fair value. The current Days Payable is 4.69, which is 60% below median its 10-year median of 11.78 and 93.5% below the Diversified Financial Services industry median of 71.83. Zero2IPO Holdings' overall GF Score™ is 87/100 with 2 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 Zero2IPO Holdings (HKSE:01945), the current Days Payable is 4.69 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 Zero2IPO Holdings (HKSE:01945) Overvalued in 2026?

Based on GuruFocus' analysis, Zero2IPO Holdings stock appears to be undervalued. The current stock price of HK$1.51 is trading 7.4% below its estimated GF Value™ of HK$1.63. GuruFocus considers Zero2IPO Holdings to be Fairly Valued.

Key valuation signals for HKSE:01945:

  • Days Payable: 4.69 (60% below median its 10-year median of 11.78)
  • GF Value™: HK$1.63 vs. price of HK$1.51 (7.4% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 93.5% below the Diversified Financial Services median (#72 of 76)

No single metric tells the full story. See the HKSE:01945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero2IPO Holdings Business Description

Address No.40 Xiaoyun Road, Units 2101-2109, Air China Century Building, Building No.1, Chaoyang District, Beijing, CHN, 100600
Zero2IPO Holdings Inc is an integrated service platform for the equity investment industry. It provides data, marketing, consulting, and training services to participants in the equity investment industry. Its segment includes Data services that focus on providing information data and research reports; Marketing services that focuses on providing information, industry exchanges, and brand promotion; Investment Banking Services for the venture capital industry; Training services that focus on talent training in the venture capital industry and provide professional entrepreneurship and investment training services. The majority of the revenue comes from the Investment Banking Services. Geographically, the company generates almost all of its revenue from PRC.
87GF Score

Get the complete analysis for HKSE:01945

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

HK$1.51
Price
HK$1.63
GF Value