China Ludao Technology Co (HKSE:02023) Days Payable: 149.47 (As of Dec. 2025) — 13% Above Median

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HKSE:02023 China Ludao Technology Co Ltd HKSE:02023
68 GF Score
Price HK$0.79
GF Value HK$1.50
Valuation Possible Value Trap
! 6 Warning Signs
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What is China Ludao Technology Co Days Payable?

China Ludao Technology Co HKSE:02023 +0.64% 68 Days Payable is 149.47 as of Dec. 2025, which is 13% above its 10-year median of 132.82. GuruFocus rates HKSE:02023 with a GF Score™ of 68/100 and a GF Value™ of HK$1.50 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,896 Consumer Packaged Goods companies, China Ludao Technology Co ranks better than 89.19% on this metric.

China Ludao Technology Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$398 Mil. China Ludao Technology Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$485 Mil. Hence, China Ludao Technology Co's Days Payable for the six months ended in Dec. 2025 was 149.47.

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

HKSE:02023' s Days Payable Range Over the Past 10 Years
Min: 84.61   Med: 132.82   Max: 177.41
Current: 131.61

During the past 13 years, China Ludao Technology Co's highest Days Payable was 177.41. The lowest was 84.61. And the median was 132.82.

HKSE:02023's Days Payable is ranked better than
89.19% of 1896 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs HKSE:02023: 131.61

China Ludao Technology Co's Days Payable declined from Dec. 2024 (166.52) to Dec. 2025 (149.47). It may suggest that China Ludao Technology Co accelerated paying its suppliers.


China Ludao Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Ludao Technology 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 Ludao Technology Co Days Payable Chart

China Ludao Technology 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 177.41 100.20 91.38 127.64 138.00

China Ludao Technology 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 94.47 70.27 166.52 109.96 149.47

HKSE:02023 vs PG, CL, KVUE: Days Payable Comparison

For the Household & Personal Products subindustry, China Ludao Technology 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 Ludao Technology Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Ludao Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Ludao Technology Co's Days Payable falls into.


HKSE:02023
68GF Score
China Ludao Technology Co Ltd HKSE:02023
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Ludao Technology 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 Ludao Technology 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
=( (353.657 + 453.929) / 2 ) / 1068.041*365
=403.793 / 1068.041*365
=138.00

China Ludao Technology 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
=( (341.101 + 453.929) / 2 ) / 485.348*365 / 2
=397.515 / 485.348*365 / 2
=149.47

* 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 149.47 mean?
China Ludao Technology Co (HKSE:02023) has a Days Payable of 149.47 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 Ludao Technology Co and its competitors. This is 13% above median its historical median of 132.82. Over the past decade, China Ludao Technology Co's Days Payable has ranged from 84.61 to 177.41. According to the industry distribution chart, China Ludao Technology Co ranks #205 out of 1896 companies in the Consumer Packaged Goods industry, placing it in the top 10.8%.
Is China Ludao Technology Co's Days Payable too high?
China Ludao Technology Co's current Days Payable of 149.47 is 13% above median its 10-year median of 132.82. Over the past 10 years, this metric has ranged from a low of 84.61 to a high of 177.41. The Consumer Packaged Goods industry median Days Payable is 44.15. China Ludao Technology Co's value of 149.47 is 238.6% above this industry median. Based on the distribution chart, China Ludao Technology Co ranks #205 out of 1896 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, China Ludao Technology Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Ludao Technology Co's Days Payable compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, China Ludao Technology Co ranks #205 out of 1896 companies for Days Payable. This places China Ludao Technology Co in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.15. China Ludao Technology Co's value of 149.47 is 238.6% above this benchmark. Historically, China Ludao Technology Co's own Days Payable has ranged from 84.61 to 177.41 over the past decade. While the company's 10-year median is 132.82 vs. the industry median of 44.15, China Ludao Technology 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,896 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 Ludao Technology Co's current Days Payable of 149.47 is 238.6% 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 Ludao Technology Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Ludao Technology Co's current Days Payable is 149.47, which is 13% above median its own 10-year median of 132.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Ludao Technology Co stock overvalued right now?
Based on GuruFocus' analysis, China Ludao Technology Co (HKSE:02023) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.50, compared to a current price of HK$0.79 — trading 47.3% below its estimated fair value. The current Days Payable is 149.47, which is 13% above median its 10-year median of 132.82 and 238.6% above the Consumer Packaged Goods industry median of 44.15. China Ludao Technology Co's overall GF Score™ is 68/100 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 China Ludao Technology Co (HKSE:02023), the current Days Payable is 149.47 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 China Ludao Technology Co (HKSE:02023) Overvalued in 2026?

Based on GuruFocus' analysis, China Ludao Technology Co stock appears to be undervalued. The current stock price of HK$0.79 is trading 47.3% below its estimated GF Value™ of HK$1.50. GuruFocus considers China Ludao Technology Co to be Possible Value Trap.

Key valuation signals for HKSE:02023:

  • Days Payable: 149.47 (13% above median its 10-year median of 132.82)
  • GF Value™: HK$1.50 vs. price of HK$0.79 (47.3% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 238.6% above the Consumer Packaged Goods median (#205 of 1896)

No single metric tells the full story. See the HKSE:02023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Ludao Technology Co Business Description

Address No. 5 Sanmen Industry Road, Sanmen Industry Zone, Zhejiang Province, Taizhou City, CHN
China Ludao Technology Co Ltd is an investment holding company principally engaged in the research and development, manufacture, and sale of aerosol and related products, and wholesale of personal care products and production-related materials in the PRC. Its aerosol products include household and auto care products, air-fresheners, personal care products, and insecticides. The Company offers products under the brand names Green Island, Ludao, JIERJIA, and EAGLEIN KING. The Group generates maximum revenue from Mainland China, followed by Chile, the United States of America, Japan, and others.
68GF Score

Get the complete analysis for HKSE:02023

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

HK$0.79
Price
HK$1.50
GF Value