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Baiwang CoHKSE:06657 -6.58%36 Days Payable is 44.57 as of Dec. 2025, which is 13% above its 10-year median of 39.58. GuruFocus rates HKSE:06657 with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 2,610 Software companies, Baiwang Co ranks worse than 56.82% on this metric.
Baiwang Co's average Accounts Payable for the
six
months ended in Dec. 2025 was HK$62.8 Mil. Baiwang Co's Cost of Goods Sold for the
six
months ended in Dec. 2025 was HK$257.1 Mil.
Hence, Baiwang Co's Days Payable for the
six
months ended in Dec. 2025 was 44.57.
The historical rank and industry rank for Baiwang Co's Days Payable or its related term are showing as below:
HKSE:06657'
s Days Payable Range Over the Past 10 Years
Min: 30.66 Med: 39.58 Max: 64.49
Current: 41.24
During the past 6 years, Baiwang Co's highest Days Payable was 64.49. The lowest was 30.66. And the median was 39.58.
HKSE:06657's Days Payable is ranked worse than 56.82% of 2610
companies
in the Software industry
Industry Median: 51.36
vs HKSE:06657: 41.24
Baiwang Co's Days Payable
increased
from Dec. 2024 (35.32) to Dec. 2025 (44.57).
It may suggest that Baiwang Codelayed paying its suppliers.
The historical data trend for Baiwang Co'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.
HKSE:06657 vs CRM, SHOP, UBER: Days Payable Comparison
For the Software - Application subindustry, Baiwang Co'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.
Baiwang Co Days Payable vs Software Industry
For the Software industry and Technology sector, Baiwang Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Baiwang Co's Days Payable falls into.
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.
Baiwang Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Baiwang Co (HKSE:06657) has a Days Payable of 44.57 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 Baiwang Co and its competitors. This is 13% above median its historical median of 39.58. Over the past decade, Baiwang Co's Days Payable has ranged from 30.66 to 64.49. According to the industry distribution chart, Baiwang Co ranks #1483 out of 2610 companies in the Software industry, placing it in the top 56.8%.
Is Baiwang Co's Days Payable too high?
Baiwang Co's current Days Payable of 44.57 is 13% above median its 10-year median of 39.58. Over the past 10 years, this metric has ranged from a low of 30.66 to a high of 64.49. The Software industry median Days Payable is 51.36. Baiwang Co's value of 44.57 is 13.2% below this industry median. Based on the distribution chart, Baiwang Co ranks #1483 out of 2610 companies in the Software industry, which is below the industry midpoint. Overall, Baiwang Co has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Baiwang Co's Days Payable compare to CRM and SHOP?
According to the Software industry distribution chart, Baiwang Co ranks #1483 out of 2610 companies for Days Payable. This places Baiwang Co in the lower half of its industry. The industry median Days Payable is 51.36. Baiwang Co's value of 44.57 is 13.2% below this benchmark. Historically, Baiwang Co's own Days Payable has ranged from 30.66 to 64.49 over the past decade. While the company's 10-year median is 39.58 vs. the industry median of 51.36, Baiwang Co 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 Software company?
The median Days Payable among Software companies is 51.36, 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. Baiwang Co's current Days Payable of 44.57 is 13.2% 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 Baiwang Co and its competitors. For the Software industry, the median Days Payable is 51.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baiwang Co's current Days Payable is 44.57, which is 13% above median its own 10-year median of 39.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baiwang Co stock overvalued right now?
Baiwang Co (HKSE:06657) has a current Days Payable of 44.57. The current Days Payable is 44.57, which is 13% above median its 10-year median of 39.58 and 13.2% below the Software industry median of 51.36. Baiwang Co's overall GF Score™ is 36/100 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 Baiwang Co (HKSE:06657), the current Days Payable is 44.57 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.
Baiwang Co Ltd is an enterprise digitalization solutions provider in China, focusing on offering cloud-based SaaS solutions and on-premises solutions for financial and tax digitalization solutions, data-driven analytics services as well as other enterprise through Baiwang Cloud platform empowering the enterprises to unlock greater data value, transform data into digital productivity, and accelerate intelligent upgrade across industries. It process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises. The company derives all of its revenue from the PRC.
36GF Score
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