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Tian Cheng HoldingsHKSE:02110 +1.35% Days Payable is 47.08 as of Nov. 2025, which is 8% above its 10-year median of 43.59. The stock has 3 warning signs investors should review. Among 1,715 Construction companies, Tian Cheng Holdings ranks worse than 77.73% on this metric.
The historical rank and industry rank for Tian Cheng Holdings's Days Payable or its related term are showing as below:
HKSE:02110'
s Days Payable Range Over the Past 10 Years
Min: 26.18 Med: 43.59 Max: 65.12
Current: 42.71
During the past 9 years, Tian Cheng Holdings's highest Days Payable was 65.12. The lowest was 26.18. And the median was 43.59.
HKSE:02110's Days Payable is ranked worse than 77.73% of 1715
companies
in the Construction industry
Industry Median: 76.33
vs HKSE:02110: 42.71
Tian Cheng Holdings's Days Payable
increased
from Nov. 2024 (41.53) to Nov. 2025 (47.08).
It may suggest that Tian Cheng Holdingsdelayed paying its suppliers.
The historical data trend for Tian Cheng 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:02110 vs PWR, FIX, EME: Days Payable Comparison
For the Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings Days Payable vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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.
Tian Cheng Holdings's Days Payable for the fiscal year that ended in May. 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.
Tian Cheng Holdings (HKSE:02110) has a Days Payable of 47.08 as of Nov. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tian Cheng Holdings and its competitors. This is near median its historical median of 43.59. Over the past decade, Tian Cheng Holdings' Days Payable has ranged from 26.18 to 65.12. According to the industry distribution chart, Tian Cheng Holdings ranks #1333 out of 1715 companies in the Construction industry, placing it in the top 77.7%.
Is Tian Cheng Holdings' Days Payable too high?
Tian Cheng Holdings' current Days Payable of 47.08 is near median its 10-year median of 43.59. Over the past 10 years, this metric has ranged from a low of 26.18 to a high of 65.12. The Construction industry median Days Payable is 76.33. Tian Cheng Holdings' value of 47.08 is 38.3% below this industry median. Based on the distribution chart, Tian Cheng Holdings ranks #1333 out of 1715 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Tian Cheng Holdings' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #1333 out of 1715 companies for Days Payable. This places Tian Cheng Holdings in the lower half of its industry. The industry median Days Payable is 76.33. Tian Cheng Holdings' value of 47.08 is 38.3% below this benchmark. Historically, Tian Cheng Holdings' own Days Payable has ranged from 26.18 to 65.12 over the past decade. While the company's 10-year median is 43.59 vs. the industry median of 76.33, Tian Cheng 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 Construction company?
The median Days Payable among Construction companies is 76.33, based on 1,715 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. Tian Cheng Holdings's current Days Payable of 47.08 is 38.3% 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median Days Payable is 76.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current Days Payable is 47.08, which is near median its own 10-year median of 43.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current Days Payable is 47.08, which is near median its 10-year median of 43.59 and 38.3% below the Construction industry median of 76.33. 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 Tian Cheng Holdings (HKSE:02110), the current Days Payable is 47.08 as of Nov. 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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