Kangqiao Service Group (HKSE:02205) Days Payable: 52.19 (As of Dec. 2025) — 34% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:02205 Kangqiao Service Group Ltd HKSE:02205
64 GF Score
Price HK$0.58
GF Value HK$0.74
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Kangqiao Service Group Days Payable?

Kangqiao Service Group HKSE:02205 64 Days Payable is 52.19 as of Dec. 2025, which is 34% above its 10-year median of 38.88. GuruFocus rates HKSE:02205 with a GF Score™ of 64/100 and a GF Value™ of HK$0.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,572 Real Estate companies, Kangqiao Service Group ranks worse than 68.38% on this metric.

Kangqiao Service Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$119 Mil. Kangqiao Service Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$416 Mil. Hence, Kangqiao Service Group's Days Payable for the six months ended in Dec. 2025 was 52.19.

The historical rank and industry rank for Kangqiao Service Group's Days Payable or its related term are showing as below:

HKSE:02205' s Days Payable Range Over the Past 10 Years
Min: 27.37   Med: 38.88   Max: 50.44
Current: 50.44

During the past 8 years, Kangqiao Service Group's highest Days Payable was 50.44. The lowest was 27.37. And the median was 38.88.

HKSE:02205's Days Payable is ranked worse than
68.38% of 1572 companies
in the Real Estate industry
Industry Median: 92.57 vs HKSE:02205: 50.44

Kangqiao Service Group's Days Payable increased from Dec. 2024 (46.23) to Dec. 2025 (52.19). It may suggest that Kangqiao Service Group delayed paying its suppliers.


Kangqiao Service Group Days Payable Historical Data

* Premium members only.

The historical data trend for Kangqiao Service Group'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.

Kangqiao Service Group Days Payable Chart

Kangqiao Service Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 36.70 44.78 41.05 43.26 48.49

Kangqiao Service Group Semi-Annual Data
Dec18 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 37.10 42.73 46.23 50.32 52.19

HKSE:02205 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Kangqiao Service Group'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.


Kangqiao Service Group Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kangqiao Service Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Kangqiao Service Group's Days Payable falls into.


HKSE:02205
64GF Score
Kangqiao Service Group Ltd HKSE:02205
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kangqiao Service Group 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.

Kangqiao Service Group'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
=( (96.153 + 119.075) / 2 ) / 810.099*365
=107.614 / 810.099*365
=48.49

Kangqiao Service Group'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
=( (118.864 + 119.075) / 2 ) / 416.03*365 / 2
=118.9695 / 416.03*365 / 2
=52.19

* 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 52.19 mean?
Kangqiao Service Group (HKSE:02205) has a Days Payable of 52.19 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 Kangqiao Service Group and its competitors. This is 34% above median its historical median of 38.88. Over the past decade, Kangqiao Service Group's Days Payable has ranged from 27.37 to 50.44. According to the industry distribution chart, Kangqiao Service Group ranks #1075 out of 1572 companies in the Real Estate industry, placing it in the top 68.4%.
Is Kangqiao Service Group's Days Payable too high?
Kangqiao Service Group's current Days Payable of 52.19 is 34% above median its 10-year median of 38.88. Over the past 10 years, this metric has ranged from a low of 27.37 to a high of 50.44. The Real Estate industry median Days Payable is 92.57. Kangqiao Service Group's value of 52.19 is 43.6% below this industry median. Based on the distribution chart, Kangqiao Service Group ranks #1075 out of 1572 companies in the Real Estate industry, which is below the industry midpoint. Overall, Kangqiao Service Group has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kangqiao Service Group's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Kangqiao Service Group ranks #1075 out of 1572 companies for Days Payable. This places Kangqiao Service Group in the lower half of its industry. The industry median Days Payable is 92.57. Kangqiao Service Group's value of 52.19 is 43.6% below this benchmark. Historically, Kangqiao Service Group's own Days Payable has ranged from 27.37 to 50.44 over the past decade. While the company's 10-year median is 38.88 vs. the industry median of 92.57, Kangqiao Service Group 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 Real Estate company?
The median Days Payable among Real Estate companies is 92.57, based on 1,572 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. Kangqiao Service Group's current Days Payable of 52.19 is 43.6% 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 Kangqiao Service Group and its competitors. For the Real Estate industry, the median Days Payable is 92.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kangqiao Service Group's current Days Payable is 52.19, which is 34% above median its own 10-year median of 38.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kangqiao Service Group stock overvalued right now?
Based on GuruFocus' analysis, Kangqiao Service Group (HKSE:02205) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.74, compared to a current price of HK$0.58 — trading 22.3% below its estimated fair value. The current Days Payable is 52.19, which is 34% above median its 10-year median of 38.88 and 43.6% below the Real Estate industry median of 92.57. Kangqiao Service Group's overall GF Score™ is 64/100 with 5 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 Kangqiao Service Group (HKSE:02205), the current Days Payable is 52.19 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 Kangqiao Service Group (HKSE:02205) Overvalued in 2026?

Based on GuruFocus' analysis, Kangqiao Service Group stock appears to be undervalued. The current stock price of HK$0.58 is trading 22.3% below its estimated GF Value™ of HK$0.74. GuruFocus considers Kangqiao Service Group to be Modestly Undervalued.

Key valuation signals for HKSE:02205:

  • Days Payable: 52.19 (34% above median its 10-year median of 38.88)
  • GF Value™: HK$0.74 vs. price of HK$0.58 (22.3% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 43.6% below the Real Estate median (#1075 of 1572)

No single metric tells the full story. See the HKSE:02205 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kangqiao Service Group Business Description

Address Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN
Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.
64GF Score

Get the complete analysis for HKSE:02205

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

HK$0.58
Price
HK$0.74
GF Value