Futian Holdings (HKSE:08196) Days Payable: 266.69 (As of Dec. 2025) — 30% 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:08196 Futian Holdings Ltd HKSE:08196
66 GF Score
Price HK$0.87
GF Value HK$1.28
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Futian Holdings Days Payable?

Futian Holdings HKSE:08196 +10.13% 66 Days Payable is 266.69 as of Dec. 2025, which is 30% below its 10-year median of 382.34. GuruFocus rates HKSE:08196 with a GF Score™ of 66/100 and a GF Value™ of HK$1.28 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 230 Waste Management companies, Futian Holdings ranks better than 84.35% on this metric.

Futian Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$90.6 Mil. Futian Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$62.0 Mil. Hence, Futian Holdings's Days Payable for the six months ended in Dec. 2025 was 266.69.

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

HKSE:08196' s Days Payable Range Over the Past 10 Years
Min: 169.46   Med: 382.34   Max: 1159.7
Current: 322.74

During the past 12 years, Futian Holdings's highest Days Payable was 1159.70. The lowest was 169.46. And the median was 382.34.

HKSE:08196's Days Payable is ranked better than
84.35% of 230 companies
in the Waste Management industry
Industry Median: 64.295 vs HKSE:08196: 322.74

Futian Holdings's Days Payable declined from Dec. 2024 (798.38) to Dec. 2025 (266.69). It may suggest that Futian Holdings accelerated paying its suppliers.


Futian Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Futian 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.

Futian Holdings Days Payable Chart

Futian 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 441.89 251.71 757.01 1,159.70 314.90

Futian Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only 870.57 1,973.19 798.38 414.24 266.69

HKSE:08196 vs WM, RSG, WCN: Days Payable Comparison

For the Waste Management subindustry, Futian 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.


Futian Holdings Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Futian Holdings's Days Payable distribution charts can be found below:

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


HKSE:08196
66GF Score
Futian Holdings Ltd HKSE:08196
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Futian 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.

Futian 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
=( (93.732 + 85.848) / 2 ) / 104.074*365
=89.79 / 104.074*365
=314.90

Futian 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
=( (95.315 + 85.848) / 2 ) / 61.986*365 / 2
=90.5815 / 61.986*365 / 2
=266.69

* 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 266.69 mean?
Futian Holdings (HKSE:08196) has a Days Payable of 266.69 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 Futian Holdings and its competitors. This is 30% below median its historical median of 382.34. Over the past decade, Futian Holdings' Days Payable has ranged from 169.46 to 1,159.70. According to the industry distribution chart, Futian Holdings ranks #36 out of 230 companies in the Waste Management industry, placing it in the top 15.7%.
Is Futian Holdings' Days Payable too high?
Futian Holdings' current Days Payable of 266.69 is 30% below median its 10-year median of 382.34. Over the past 10 years, this metric has ranged from a low of 169.46 to a high of 1,159.70. The Waste Management industry median Days Payable is 64.30. Futian Holdings' value of 266.69 is 314.8% above this industry median. Based on the distribution chart, Futian Holdings ranks #36 out of 230 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Futian Holdings has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futian Holdings' Days Payable compare to WM and RSG?
According to the Waste Management industry distribution chart, Futian Holdings ranks #36 out of 230 companies for Days Payable. This places Futian Holdings in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 64.30. Futian Holdings' value of 266.69 is 314.8% above this benchmark. Historically, Futian Holdings' own Days Payable has ranged from 169.46 to 1,159.70 over the past decade. While the company's 10-year median is 382.34 vs. the industry median of 64.30, Futian 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 Waste Management company?
The median Days Payable among Waste Management companies is 64.30, based on 230 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. Futian Holdings's current Days Payable of 266.69 is 314.8% 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 Futian Holdings and its competitors. For the Waste Management industry, the median Days Payable is 64.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futian Holdings's current Days Payable is 266.69, which is 30% below median its own 10-year median of 382.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futian Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futian Holdings (HKSE:08196) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.28, compared to a current price of HK$0.87 — trading 32% below its estimated fair value. The current Days Payable is 266.69, which is 30% below median its 10-year median of 382.34 and 314.8% above the Waste Management industry median of 64.30. Futian Holdings' overall GF Score™ is 66/100 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 Futian Holdings (HKSE:08196), the current Days Payable is 266.69 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 Futian Holdings (HKSE:08196) Overvalued in 2026?

Based on GuruFocus' analysis, Futian Holdings stock appears to be undervalued. The current stock price of HK$0.87 is trading 32% below its estimated GF Value™ of HK$1.28. GuruFocus considers Futian Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08196:

  • Days Payable: 266.69 (30% below median its 10-year median of 382.34)
  • GF Value™: HK$1.28 vs. price of HK$0.87 (32% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 314.8% above the Waste Management median (#36 of 230)

No single metric tells the full story. See the HKSE:08196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Futian Holdings Business Description

Address No. 18, Keyan Road, Science City, High-tech Industrial Development Zone, Guangzhou, CHN
Futian Holdings Ltd is an investment holding company. It is principally engaged in environmental protection business, such as wastewater treatment and soil remediation, through design, construction, operation and maintenance service of related facilities; trading of related equipments; provision of online advertising and related services for online games; and property leasing and sub-leasing. in the environmental protection business. It has six reportable segments engineering, procurement and construction project (EPC Projects); equipment; service concession arrangement; the advertising; property leasing; and Others segment of which majority of revenue comes from EPC Projects segment comprises of the overall design, procurement and construction of sludge or wastewater treatment facilities.
66GF Score

Get the complete analysis for HKSE:08196

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

HK$0.87
Price
HK$1.28
GF Value