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.
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.
Fulu HoldingsHKSE:02101 +3.70%73 Days Payable is 920.96 as of Dec. 2025, which is 468% above its 10-year median of 162.01. GuruFocus rates HKSE:02101 with a GF Score™ of 73/100 and a GF Value™ of HK$1.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,105 Retail - Cyclical companies, Fulu Holdings ranks better than 97.83% on this metric.
The historical rank and industry rank for Fulu Holdings's Days Payable or its related term are showing as below:
HKSE:02101'
s Days Payable Range Over the Past 10 Years
Min: 129.58 Med: 162.01 Max: 665.79
Current: 665.79
During the past 9 years, Fulu Holdings's highest Days Payable was 665.79. The lowest was 129.58. And the median was 162.01.
HKSE:02101's Days Payable is ranked better than 97.83% of 1105
companies
in the Retail - Cyclical industry
Industry Median: 51.29
vs HKSE:02101: 665.79
Fulu Holdings's Days Payable
increased
from Dec. 2024 (351.10) to Dec. 2025 (920.96).
It may suggest that Fulu Holdingsdelayed paying its suppliers.
Fulu Holdings Days Payable Related Terms
Fulu Holdings Days Payable Historical Data
* Premium members only.
The historical data trend for Fulu 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.
HKSE:02101 vs AMZN, BABA, PDD: Days Payable Comparison
For the Internet Retail subindustry, Fulu 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.
Fulu Holdings Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Fulu Holdings's Days Payable falls into.
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.
Fulu Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Fulu Holdings (HKSE:02101) has a Days Payable of 920.96 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 Fulu Holdings and its competitors. This is 468% above median its historical median of 162.01. Over the past decade, Fulu Holdings' Days Payable has ranged from 129.58 to 665.79. According to the industry distribution chart, Fulu Holdings ranks #24 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 2.2%.
Is Fulu Holdings' Days Payable too high?
Fulu Holdings' current Days Payable of 920.96 is 468% above median its 10-year median of 162.01. Over the past 10 years, this metric has ranged from a low of 129.58 to a high of 665.79. The Retail - Cyclical industry median Days Payable is 51.29. Fulu Holdings' value of 920.96 is 1695.6% above this industry median. Based on the distribution chart, Fulu Holdings ranks #24 out of 1105 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Fulu Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fulu Holdings' Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Fulu Holdings ranks #24 out of 1105 companies for Days Payable. This places Fulu Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.29. Fulu Holdings' value of 920.96 is 1695.6% above this benchmark. Historically, Fulu Holdings' own Days Payable has ranged from 129.58 to 665.79 over the past decade. While the company's 10-year median is 162.01 vs. the industry median of 51.29, Fulu 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.29, based on 1,105 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. Fulu Holdings's current Days Payable of 920.96 is 1695.6% 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 Fulu Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulu Holdings's current Days Payable is 920.96, which is 468% above median its own 10-year median of 162.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fulu Holdings (HKSE:02101) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.35, compared to a current price of HK$1.40 — trading 3.7% above its estimated fair value. The current Days Payable is 920.96, which is 468% above median its 10-year median of 162.01 and 1695.6% above the Retail - Cyclical industry median of 51.29. Fulu Holdings' overall GF Score™ is 73/100 with 4 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 Fulu Holdings (HKSE:02101), the current Days Payable is 920.96 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 Fulu Holdings (HKSE:02101) Overvalued in 2026?
Based on GuruFocus' analysis, Fulu Holdings stock appears to be overvalued.
The current stock price of HK$1.40 is trading 3.7% above its estimated GF Value™ of HK$1.35.
GuruFocus considers Fulu Holdings to be Fairly Valued.
Key valuation signals for HKSE:02101:
Days Payable: 920.96 (468% above median its 10-year median of 162.01)
GF Value™: HK$1.35 vs. price of HK$1.40 (3.7% above fair value)
Industry Position: 1695.6% above the Retail - Cyclical median (#24 of 1105)
No single metric tells the full story. See the HKSE:02101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 77, Guanggu Avenue, 14th Floor, Building B27, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN
Fulu Holdings Ltd is principally engaged in the provision of services to facilitate digital goods transactions and online store operating services. The company generates revenue from five business segments: leisure and entertainment, games, telecommunications, lifestyle, and corporate welfare. The company generates the maximum of its revenue from the Lifestyle segment. It generates all of its revenue from China only.
73GF Score
Get the complete analysis for HKSE:02101
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02101 has been successfully added to your 
