Chuangxin Industries Holdings (HKSE:02788) Days Payable: 62.06 (As of Dec. 2025) — 45% Below 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:02788 Chuangxin Industries Holdings Ltd HKSE:02788
17 GF Score
Price HK$17.59
! 2 Warning Signs
View Full Analysis

What is Chuangxin Industries Holdings Days Payable?

Chuangxin Industries Holdings HKSE:02788 +2.87% 17 Days Payable is 62.06 as of Dec. 2025, which is 45% below its 10-year median of 113.57. GuruFocus rates HKSE:02788 with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,067 Metals & Mining companies, Chuangxin Industries Holdings ranks worse than 66.92% on this metric.

Chuangxin Industries Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$2,640 Mil. Chuangxin Industries Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$15,528 Mil. Hence, Chuangxin Industries Holdings's Days Payable for the six months ended in Dec. 2025 was 31.03.

The historical rank and industry rank for Chuangxin Industries Holdings's Days Payable or its related term are showing as below:

HKSE:02788' s Days Payable Range Over the Past 10 Years
Min: 62.06   Med: 113.57   Max: 173.29
Current: 62.06

During the past 4 years, Chuangxin Industries Holdings's highest Days Payable was 173.29. The lowest was 62.06. And the median was 113.57.

HKSE:02788's Days Payable is ranked worse than
66.92% of 1067 companies
in the Metals & Mining industry
Industry Median: 121.51 vs HKSE:02788: 62.06

Chuangxin Industries Holdings's Days Payable declined from Dec. 2023 (143.49) to Dec. 2025 (62.06). It may suggest that Chuangxin Industries Holdings accelerated paying its suppliers.


Chuangxin Industries Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Chuangxin Industries 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.

Chuangxin Industries Holdings Days Payable Chart

Chuangxin Industries Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
173.29 143.49 83.64 62.06

Chuangxin Industries Holdings Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Days Payable 173.29 143.49 83.64 62.06

HKSE:02788 vs AA, CENX, CSTM: Days Payable Comparison

For the Aluminum subindustry, Chuangxin Industries 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.


Chuangxin Industries Holdings Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chuangxin Industries Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Chuangxin Industries Holdings's Days Payable falls into.


HKSE:02788
17GF Score
Chuangxin Industries Holdings Ltd HKSE:02788
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chuangxin Industries Holdings 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.

Chuangxin Industries Holdings'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
=( (1525.515 + 3754.664) / 2 ) / 15527.954*365
=2640.0895 / 15527.954*365
=62.06

Chuangxin Industries Holdings'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: Dec. 2024 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1525.515 + 3754.664) / 2 ) / 15527.954*365 / 2
=2640.0895 / 15527.954*365 / 2
=31.03

* 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 62.06 mean?
Chuangxin Industries Holdings (HKSE:02788) has a Days Payable of 62.06 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 Chuangxin Industries Holdings and its competitors. This is 45% below median its historical median of 113.57. Over the past decade, Chuangxin Industries Holdings' Days Payable has ranged from 62.06 to 173.29. According to the industry distribution chart, Chuangxin Industries Holdings ranks #714 out of 1067 companies in the Metals & Mining industry, placing it in the top 66.9%.
Is Chuangxin Industries Holdings' Days Payable too high?
Chuangxin Industries Holdings' current Days Payable of 62.06 is 45% below median its 10-year median of 113.57. Over the past 10 years, this metric has ranged from a low of 62.06 to a high of 173.29. The Metals & Mining industry median Days Payable is 121.51. Chuangxin Industries Holdings' value of 62.06 is 48.9% below this industry median. Based on the distribution chart, Chuangxin Industries Holdings ranks #714 out of 1067 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Chuangxin Industries Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Chuangxin Industries Holdings' Days Payable compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Chuangxin Industries Holdings ranks #714 out of 1067 companies for Days Payable. This places Chuangxin Industries Holdings in the lower half of its industry. The industry median Days Payable is 121.51. Chuangxin Industries Holdings' value of 62.06 is 48.9% below this benchmark. Historically, Chuangxin Industries Holdings' own Days Payable has ranged from 62.06 to 173.29 over the past decade. While the company's 10-year median is 113.57 vs. the industry median of 121.51, Chuangxin Industries 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 121.51, based on 1,067 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. Chuangxin Industries Holdings's current Days Payable of 62.06 is 48.9% 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 Chuangxin Industries Holdings and its competitors. For the Metals & Mining industry, the median Days Payable is 121.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chuangxin Industries Holdings's current Days Payable is 62.06, which is 45% below median its own 10-year median of 113.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chuangxin Industries Holdings stock overvalued right now?
Chuangxin Industries Holdings (HKSE:02788) has a current Days Payable of 62.06. The current Days Payable is 62.06, which is 45% below median its 10-year median of 113.57 and 48.9% below the Metals & Mining industry median of 121.51. Chuangxin Industries Holdings' overall GF Score™ is 17/100 with 2 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 Chuangxin Industries Holdings (HKSE:02788), the current Days Payable is 62.06 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.

Chuangxin Industries Holdings Business Description

Address Zone C Southwest Industrial Park, Inner Mongolia, Huolinguole, CHN
Chuangxin Industries Holdings Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the production and sales of electrolytic aluminum and alumina in the People's Republic of China (PRC), focusing on alumina refining and aluminum smelting within the upstream of the aluminum industry chain. The company operates in two segments: i) Electrolytic Aluminum Business: Production and sales of aluminum ingots and liquid aluminum, ii) Alumina Business: Production and sales of alumina and other related types of products. The majority of its revenue is generated from the Electrolytic Aluminum Business.
17GF Score

Get the complete analysis for HKSE:02788

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

HK$17.59
Price