China Next-Gen Commerce and Supply Chain (HKSE:03928) Days Payable: 152.79 (As of Mar. 2026) — 70% Above Median

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HKSE:03928 China Next-Gen Commerce and Supply Chain Ltd HKSE:03928
52 GF Score
Price HK$26.30
GF Value HK$1.74
Valuation Significantly Overvalued
! 3 Warning Signs
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What is China Next-Gen Commerce and Supply Chain Days Payable?

China Next-Gen Commerce and Supply Chain HKSE:03928 +0.77% 52 Days Payable is 152.79 as of Mar. 2026, which is 70% above its 10-year median of 90.03. GuruFocus rates HKSE:03928 with a GF Score™ of 52/100 and a GF Value™ of HK$1.74 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,718 Construction companies, China Next-Gen Commerce and Supply Chain ranks better than 65.89% on this metric.

China Next-Gen Commerce and Supply Chain's average Accounts Payable for the six months ended in Mar. 2026 was HK$79.4 Mil. China Next-Gen Commerce and Supply Chain's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$94.9 Mil. Hence, China Next-Gen Commerce and Supply Chain's Days Payable for the six months ended in Mar. 2026 was 152.79.

The historical rank and industry rank for China Next-Gen Commerce and Supply Chain's Days Payable or its related term are showing as below:

HKSE:03928' s Days Payable Range Over the Past 10 Years
Min: 70.17   Med: 90.03   Max: 110.94
Current: 110.94

During the past 10 years, China Next-Gen Commerce and Supply Chain's highest Days Payable was 110.94. The lowest was 70.17. And the median was 90.03.

HKSE:03928's Days Payable is ranked better than
65.89% of 1718 companies
in the Construction industry
Industry Median: 76.975 vs HKSE:03928: 110.94

China Next-Gen Commerce and Supply Chain's Days Payable increased from Mar. 2025 (99.75) to Mar. 2026 (152.79). It may suggest that China Next-Gen Commerce and Supply Chain delayed paying its suppliers.


China Next-Gen Commerce and Supply Chain Days Payable Related Terms


China Next-Gen Commerce and Supply Chain Days Payable Historical Data

* Premium members only.

The historical data trend for China Next-Gen Commerce and Supply Chain'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.

China Next-Gen Commerce and Supply Chain Days Payable Chart

China Next-Gen Commerce and Supply Chain Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.92 86.71 105.06 110.59 101.66

China Next-Gen Commerce and Supply Chain Semi-Annual Data
Sep16 Sep17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only 121.20 92.74 99.75 90.96 152.79

HKSE:03928 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, China Next-Gen Commerce and Supply Chain'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.


China Next-Gen Commerce and Supply Chain Days Payable vs Construction Industry

For the Construction industry and Industrials sector, China Next-Gen Commerce and Supply Chain's Days Payable distribution charts can be found below:

* The bar in red indicates where China Next-Gen Commerce and Supply Chain's Days Payable falls into.


HKSE:03928
52GF Score
China Next-Gen Commerce and Supply Chain Ltd HKSE:03928
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Next-Gen Commerce and Supply Chain 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.

China Next-Gen Commerce and Supply Chain's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (104.944 + 86.591) / 2 ) / 343.855*365
=95.7675 / 343.855*365
=101.66

China Next-Gen Commerce and Supply Chain's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (86.591 + 72.298) / 2 ) / 94.893*365 / 2
=79.4445 / 94.893*365 / 2
=152.79

* 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 152.79 mean?
China Next-Gen Commerce and Supply Chain (HKSE:03928) has a Days Payable of 152.79 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Next-Gen Commerce and Supply Chain and its competitors. This is 70% above median its historical median of 90.03. Over the past decade, China Next-Gen Commerce and Supply Chain's Days Payable has ranged from 70.17 to 110.94. According to the industry distribution chart, China Next-Gen Commerce and Supply Chain ranks #586 out of 1718 companies in the Construction industry, placing it in the top 34.1%.
Is China Next-Gen Commerce and Supply Chain's Days Payable too high?
China Next-Gen Commerce and Supply Chain's current Days Payable of 152.79 is 70% above median its 10-year median of 90.03. Over the past 10 years, this metric has ranged from a low of 70.17 to a high of 110.94. The Construction industry median Days Payable is 76.98. China Next-Gen Commerce and Supply Chain's value of 152.79 is 98.5% above this industry median. Based on the distribution chart, China Next-Gen Commerce and Supply Chain ranks #586 out of 1718 companies in the Construction industry, which is above the industry midpoint. Overall, China Next-Gen Commerce and Supply Chain has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Next-Gen Commerce and Supply Chain's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, China Next-Gen Commerce and Supply Chain ranks #586 out of 1718 companies for Days Payable. This puts China Next-Gen Commerce and Supply Chain in the upper half of its industry. The industry median Days Payable is 76.98. China Next-Gen Commerce and Supply Chain's value of 152.79 is 98.5% above this benchmark. Historically, China Next-Gen Commerce and Supply Chain's own Days Payable has ranged from 70.17 to 110.94 over the past decade. While the company's 10-year median is 90.03 vs. the industry median of 76.98, China Next-Gen Commerce and Supply Chain 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 Construction company?
The median Days Payable among Construction companies is 76.98, based on 1,718 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. China Next-Gen Commerce and Supply Chain's current Days Payable of 152.79 is 98.5% 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 China Next-Gen Commerce and Supply Chain and its competitors. For the Construction industry, the median Days Payable is 76.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Next-Gen Commerce and Supply Chain's current Days Payable is 152.79, which is 70% above median its own 10-year median of 90.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Next-Gen Commerce and Supply Chain stock overvalued right now?
Based on GuruFocus' analysis, China Next-Gen Commerce and Supply Chain (HKSE:03928) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.74, compared to a current price of HK$26.30 — trading 1411.5% above its estimated fair value. The current Days Payable is 152.79, which is 70% above median its 10-year median of 90.03 and 98.5% above the Construction industry median of 76.98. China Next-Gen Commerce and Supply Chain's overall GF Score™ is 52/100 with 3 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 China Next-Gen Commerce and Supply Chain (HKSE:03928), the current Days Payable is 152.79 as of Mar. 2026. 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 China Next-Gen Commerce and Supply Chain (HKSE:03928) Overvalued in 2026?

Based on GuruFocus' analysis, China Next-Gen Commerce and Supply Chain stock appears to be overvalued. The current stock price of HK$26.30 is trading 1411.5% above its estimated GF Value™ of HK$1.74. GuruFocus considers China Next-Gen Commerce and Supply Chain to be Significantly Overvalued.

Key valuation signals for HKSE:03928:

  • Days Payable: 152.79 (70% above median its 10-year median of 90.03)
  • GF Value™: HK$1.74 vs. price of HK$26.30 (1411.5% above fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 98.5% above the Construction median (#586 of 1718)

No single metric tells the full story. See the HKSE:03928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Next-Gen Commerce and Supply Chain Business Description

Address 16 Kian Teck Way, Singapore, SGP, 628749
China Next-Gen Commerce and Supply Chain Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of construction services and property investment in Singapore. It has two operating segments as follows: i) Construction services: provision of civil engineering works, building construction works and other ancillary services to government and commercial corporations. ii) Property investment: leasing of residential and industrial properties. The majority of the company's revenue is derived from the Construction services segment. Geographically, the company derives all of its revenue from Singapore.
52GF Score

Get the complete analysis for HKSE:03928

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

HK$26.30
Price
HK$1.74
GF Value