Ruihe Data Technology Holdings (HKSE:03680) Days Payable: 84.61 (As of Dec. 2025) — 10% 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:03680 Ruihe Data Technology Holdings Ltd HKSE:03680
43 GF Score
Price HK$2.31
GF Value HK$0.66
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ruihe Data Technology Holdings Days Payable?

Ruihe Data Technology Holdings HKSE:03680 -1.07% 43 Days Payable is 84.61 as of Dec. 2025, which is 10% below its 10-year median of 93.82. GuruFocus rates HKSE:03680 with a GF Score™ of 43/100 and a GF Value™ of HK$0.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,610 Software companies, Ruihe Data Technology Holdings ranks better than 70.34% on this metric.

Ruihe Data Technology Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$94.4 Mil. Ruihe Data Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$203.7 Mil. Hence, Ruihe Data Technology Holdings's Days Payable for the six months ended in Dec. 2025 was 84.61.

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

HKSE:03680' s Days Payable Range Over the Past 10 Years
Min: 16.54   Med: 93.82   Max: 126.44
Current: 107.22

During the past 10 years, Ruihe Data Technology Holdings's highest Days Payable was 126.44. The lowest was 16.54. And the median was 93.82.

HKSE:03680's Days Payable is ranked better than
70.34% of 2610 companies
in the Software industry
Industry Median: 52.78 vs HKSE:03680: 107.22

Ruihe Data Technology Holdings's Days Payable declined from Dec. 2024 (89.75) to Dec. 2025 (84.61). It may suggest that Ruihe Data Technology Holdings accelerated paying its suppliers.


Ruihe Data Technology Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Ruihe Data Technology 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.

Ruihe Data Technology Holdings Days Payable Chart

Ruihe Data Technology Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.58 100.60 95.27 99.61 126.44

Ruihe Data Technology Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only 52.85 93.91 89.75 118.68 84.61

HKSE:03680 vs IBM, ACN, FISV: Days Payable Comparison

For the Information Technology Services subindustry, Ruihe Data Technology 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.


Ruihe Data Technology Holdings Days Payable vs Software Industry

For the Software industry and Technology sector, Ruihe Data Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Ruihe Data Technology Holdings's Days Payable falls into.


HKSE:03680
43GF Score
Ruihe Data Technology Holdings Ltd HKSE:03680
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ruihe Data Technology 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.

Ruihe Data Technology 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
=( (97.812 + 128.488) / 2 ) / 326.631*365
=113.15 / 326.631*365
=126.44

Ruihe Data Technology 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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (60.393 + 128.488) / 2 ) / 203.696*365 / 2
=94.4405 / 203.696*365 / 2
=84.61

* 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 84.61 mean?
Ruihe Data Technology Holdings (HKSE:03680) has a Days Payable of 84.61 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 Ruihe Data Technology Holdings and its competitors. This is 10% below median its historical median of 93.82. Over the past decade, Ruihe Data Technology Holdings' Days Payable has ranged from 16.54 to 126.44. According to the industry distribution chart, Ruihe Data Technology Holdings ranks #774 out of 2610 companies in the Software industry, placing it in the top 29.7%.
Is Ruihe Data Technology Holdings' Days Payable too high?
Ruihe Data Technology Holdings' current Days Payable of 84.61 is 10% below median its 10-year median of 93.82. Over the past 10 years, this metric has ranged from a low of 16.54 to a high of 126.44. The Software industry median Days Payable is 52.78. Ruihe Data Technology Holdings' value of 84.61 is 60.3% above this industry median. Based on the distribution chart, Ruihe Data Technology Holdings ranks #774 out of 2610 companies in the Software industry, which is above the industry midpoint. Overall, Ruihe Data Technology Holdings has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ruihe Data Technology Holdings' Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Ruihe Data Technology Holdings ranks #774 out of 2610 companies for Days Payable. This puts Ruihe Data Technology Holdings in the upper half of its industry. The industry median Days Payable is 52.78. Ruihe Data Technology Holdings' value of 84.61 is 60.3% above this benchmark. Historically, Ruihe Data Technology Holdings' own Days Payable has ranged from 16.54 to 126.44 over the past decade. While the company's 10-year median is 93.82 vs. the industry median of 52.78, Ruihe Data Technology 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 Software company?
The median Days Payable among Software companies is 52.78, based on 2,610 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. Ruihe Data Technology Holdings's current Days Payable of 84.61 is 60.3% 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 Ruihe Data Technology Holdings and its competitors. For the Software industry, the median Days Payable is 52.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruihe Data Technology Holdings's current Days Payable is 84.61, which is 10% below median its own 10-year median of 93.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruihe Data Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ruihe Data Technology Holdings (HKSE:03680) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.66, compared to a current price of HK$2.31 — trading 249.2% above its estimated fair value. The current Days Payable is 84.61, which is 10% below median its 10-year median of 93.82 and 60.3% above the Software industry median of 52.78. Ruihe Data Technology Holdings' overall GF Score™ is 43/100 with 7 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 Ruihe Data Technology Holdings (HKSE:03680), the current Days Payable is 84.61 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 Ruihe Data Technology Holdings (HKSE:03680) Overvalued in 2026?

Based on GuruFocus' analysis, Ruihe Data Technology Holdings stock appears to be overvalued. The current stock price of HK$2.31 is trading 249.2% above its estimated GF Value™ of HK$0.66. GuruFocus considers Ruihe Data Technology Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:03680:

  • Days Payable: 84.61 (10% below median its 10-year median of 93.82)
  • GF Value™: HK$0.66 vs. price of HK$2.31 (249.2% above fair value)
  • GF Score™: 43/100 with 7 warning signs
  • Industry Position: 60.3% above the Software median (#774 of 2610)

No single metric tells the full story. See the HKSE:03680 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruihe Data Technology Holdings Business Description

Address No. 18, Gaoxin South 4th Road, Yuehai Street, Room 1901, Skyworth Semiconductor Design Building West Wing, Nanshan District, Shenzhen, CHN
Ruihe Data Technology Holdings Ltd is an enterprise in the field of data intelligence and marketing technology, providing big data, AI, and digital marketing solutions and professional consulting services to financial institutions and other enterprises and helping all kinds of enterprises and organizations to fully realize the value of data and accelerate their digital transformation driven by data. The core businesses of the Group are the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as IT maintenance and support services. Its segments include Integrated data technology services; Trading of commodities; and Others, where Integrated data technology services derives maximum revenue.
43GF Score

Get the complete analysis for HKSE:03680

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

HK$2.31
Price
HK$0.66
GF Value