Diwang Industrial Holdings (HKSE:01950) Days Payable: 77.86 (As of Dec. 2025) — Near Median

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What is Diwang Industrial Holdings Days Payable?

Diwang Industrial Holdings HKSE:01950 +4.17% Days Payable is 77.86 as of Dec. 2025, which is 3% below its 10-year median of 80.06. The stock has 4 warning signs investors should review. Among 1,556 Chemicals companies, Diwang Industrial Holdings ranks better than 69.15% on this metric.

Diwang Industrial Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$83.6 Mil. Diwang Industrial Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$195.9 Mil. Hence, Diwang Industrial Holdings's Days Payable for the six months ended in Dec. 2025 was 77.86.

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

HKSE:01950' s Days Payable Range Over the Past 10 Years
Min: 53.63   Med: 80.06   Max: 102.49
Current: 85.3

During the past 10 years, Diwang Industrial Holdings's highest Days Payable was 102.49. The lowest was 53.63. And the median was 80.06.

HKSE:01950's Days Payable is ranked better than
69.15% of 1556 companies
in the Chemicals industry
Industry Median: 60.12 vs HKSE:01950: 85.30

Diwang Industrial Holdings's Days Payable increased from Dec. 2024 (72.46) to Dec. 2025 (77.86). It may suggest that Diwang Industrial Holdings delayed paying its suppliers.


Diwang Industrial Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Diwang Industrial 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.

Diwang Industrial Holdings Days Payable Chart

Diwang Industrial 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 53.63 65.43 65.83 72.65 79.90

Diwang Industrial Holdings Semi-Annual Data
Dec16 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 Premium Member Only 56.66 63.75 72.46 100.87 77.86

HKSE:01950 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Diwang Industrial 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.


Diwang Industrial Holdings Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Diwang Industrial Holdings's Days Payable distribution charts can be found below:

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



Diwang Industrial 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.

Diwang Industrial 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
=( (75.038 + 76.914) / 2 ) / 347.082*365
=75.976 / 347.082*365
=79.90

Diwang Industrial 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
=( (90.269 + 76.914) / 2 ) / 195.941*365 / 2
=83.5915 / 195.941*365 / 2
=77.86

* 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 77.86 mean?
Diwang Industrial Holdings (HKSE:01950) has a Days Payable of 77.86 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 Diwang Industrial Holdings and its competitors. This is near median its historical median of 80.06. Over the past decade, Diwang Industrial Holdings' Days Payable has ranged from 53.63 to 102.49. According to the industry distribution chart, Diwang Industrial Holdings ranks #480 out of 1556 companies in the Chemicals industry, placing it in the top 30.8%.
Is Diwang Industrial Holdings' Days Payable too high?
Diwang Industrial Holdings' current Days Payable of 77.86 is near median its 10-year median of 80.06. Over the past 10 years, this metric has ranged from a low of 53.63 to a high of 102.49. The Chemicals industry median Days Payable is 60.12. Diwang Industrial Holdings' value of 77.86 is 29.5% above this industry median. Based on the distribution chart, Diwang Industrial Holdings ranks #480 out of 1556 companies in the Chemicals industry, which is above the industry midpoint.
How does Diwang Industrial Holdings' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Diwang Industrial Holdings ranks #480 out of 1556 companies for Days Payable. This puts Diwang Industrial Holdings in the upper half of its industry. The industry median Days Payable is 60.12. Diwang Industrial Holdings' value of 77.86 is 29.5% above this benchmark. Historically, Diwang Industrial Holdings' own Days Payable has ranged from 53.63 to 102.49 over the past decade. While the company's 10-year median is 80.06 vs. the industry median of 60.12, Diwang Industrial Holdings 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 Chemicals company?
The median Days Payable among Chemicals companies is 60.12, based on 1,556 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. Diwang Industrial Holdings's current Days Payable of 77.86 is 29.5% 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 Diwang Industrial Holdings and its competitors. For the Chemicals industry, the median Days Payable is 60.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diwang Industrial Holdings's current Days Payable is 77.86, which is near median its own 10-year median of 80.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diwang Industrial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Diwang Industrial Holdings (HKSE:01950) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.10 — trading 9.1% below its estimated fair value. The current Days Payable is 77.86, which is near median its 10-year median of 80.06 and 29.5% above the Chemicals industry median of 60.12. 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 Diwang Industrial Holdings (HKSE:01950), the current Days Payable is 77.86 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.

Diwang Industrial Holdings Business Description

Address No. 2, Jiangshan Road, Meicheng Town, Jiande County, Zhejiang Province, Hangzhou, CHN
Diwang Industrial Holdings Ltd is engaged in the manufacturing and sales of faux leather chemicals and the production and sales of Chinese baijiu. The group has two operating segments: the Faux leather chemicals business and the Chinese liquor business. The Faux leather chemicals segment is engaged in the manufacturing and sales of faux leather chemicals, while the Chinese liquor business segment is engaged in the production and sales of wine products, including Chinese baijiu. Geographically, it generates the majority of its revenue from the PRC.