Shouhui Group (HKSE:02621) Days Payable: 114.82 (As of Dec. 2025) — 20% Below Median

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HKSE:02621 Shouhui Group Ltd HKSE:02621
18 GF Score
Price HK$2.78
! 4 Warning Signs
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What is Shouhui Group Days Payable?

Shouhui Group HKSE:02621 +0.54% 18 Days Payable is 114.82 as of Dec. 2025, which is 20% below its 10-year median of 144.42. GuruFocus rates HKSE:02621 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 54 Insurance companies, Shouhui Group ranks better than 72.22% on this metric.

Shouhui Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$437 Mil. Shouhui Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$694 Mil. Hence, Shouhui Group's Days Payable for the six months ended in Dec. 2025 was 114.82.

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

HKSE:02621' s Days Payable Range Over the Past 10 Years
Min: 102.86   Med: 144.42   Max: 189.22
Current: 141.1

During the past 4 years, Shouhui Group's highest Days Payable was 189.22. The lowest was 102.86. And the median was 144.42.

HKSE:02621's Days Payable is ranked better than
72.22% of 54 companies
in the Insurance industry
Industry Median: 54.365 vs HKSE:02621: 141.10

Shouhui Group's Days Payable declined from Dec. 2024 (153.12) to Dec. 2025 (114.82). It may suggest that Shouhui Group accelerated paying its suppliers.


Shouhui Group Days Payable Historical Data

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The historical data trend for Shouhui 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.

Shouhui Group Days Payable Chart

Shouhui Group Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
189.22 102.86 149.04 139.79

Shouhui Group Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial 0.00 143.74 153.12 188.81 114.82

HKSE:02621 vs MRSH, AON, AJG: Days Payable Comparison

For the Insurance Brokers subindustry, Shouhui 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.


Shouhui Group Days Payable vs Insurance Industry

For the Insurance industry and Financial Services sector, Shouhui Group's Days Payable distribution charts can be found below:

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


HKSE:02621
18GF Score
Shouhui Group Ltd HKSE:02621
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shouhui 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.

Shouhui 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
=( (385.308 + 449.388) / 2 ) / 1089.696*365
=417.348 / 1089.696*365
=139.79

Shouhui 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
=( (424.233 + 449.388) / 2 ) / 694.268*365 / 2
=436.8105 / 694.268*365 / 2
=114.82

* 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 114.82 mean?
Shouhui Group (HKSE:02621) has a Days Payable of 114.82 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 Shouhui Group and its competitors. This is 20% below median its historical median of 144.42. Over the past decade, Shouhui Group's Days Payable has ranged from 102.86 to 189.22. According to the industry distribution chart, Shouhui Group ranks #15 out of 54 companies in the Insurance industry, placing it in the top 27.8%.
Is Shouhui Group's Days Payable too high?
Shouhui Group's current Days Payable of 114.82 is 20% below median its 10-year median of 144.42. Over the past 10 years, this metric has ranged from a low of 102.86 to a high of 189.22. The Insurance industry median Days Payable is 54.37. Shouhui Group's value of 114.82 is 111.2% above this industry median. Based on the distribution chart, Shouhui Group ranks #15 out of 54 companies in the Insurance industry, which is above the industry midpoint. Overall, Shouhui Group has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Shouhui Group's Days Payable compare to MRSH and AON?
According to the Insurance industry distribution chart, Shouhui Group ranks #15 out of 54 companies for Days Payable. This puts Shouhui Group in the upper half of its industry. The industry median Days Payable is 54.37. Shouhui Group's value of 114.82 is 111.2% above this benchmark. Historically, Shouhui Group's own Days Payable has ranged from 102.86 to 189.22 over the past decade. While the company's 10-year median is 144.42 vs. the industry median of 54.37, Shouhui Group 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 an Insurance company?
The median Days Payable among Insurance companies is 54.37, based on 54 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. Shouhui Group's current Days Payable of 114.82 is 111.2% 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 Shouhui Group and its competitors. For the Insurance industry, the median Days Payable is 54.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shouhui Group's current Days Payable is 114.82, which is 20% below median its own 10-year median of 144.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shouhui Group stock overvalued right now?
Shouhui Group (HKSE:02621) has a current Days Payable of 114.82. The current Days Payable is 114.82, which is 20% below median its 10-year median of 144.42 and 111.2% above the Insurance industry median of 54.37. Shouhui Group's overall GF Score™ is 18/100 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 Shouhui Group (HKSE:02621), the current Days Payable is 114.82 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.

Shouhui Group Business Description

Address No. 2 Gonghua Road, 2, 4, 5-402, Building No.1, Tianjin International Jewellery City, Huayuan Industrial Zone, Binhai High-Tech Zone, Tianjin, CHN
Shouhui Group Ltd is a life and health insurance intermediary service provider in China, dedicated to providing insurance service solutions to policyholders and the insured online through life and health insurance transaction and service platforms. It distribute life and health insurance products through three distribution platforms, namely (1) online direct distribution on Xiaoyusan, (2) distribution via insurance agents on Kachabao, and (3) distribution with the assistance of business partners on Niubao 100. It operates in two reportable segments: Insurance transaction services and Insurance technology services. Key revenue is generated from Insurance transaction services which acts as the agent in distributing insurance products on behalf of the insurance companies.
18GF Score

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HK$2.78
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