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TanwanHKSE:09890 +2.33%35 Days Payable is 85.41 as of Dec. 2025, which is 17% below its 10-year median of 102.94. GuruFocus rates HKSE:09890 with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 427 Interactive Media companies, Tanwan ranks better than 62.06% on this metric.
Tanwan's average Accounts Payable for the
six
months ended in Dec. 2025 was HK$514 Mil. Tanwan's Cost of Goods Sold for the
six
months ended in Dec. 2025 was HK$1,097 Mil.
Hence, Tanwan's Days Payable for the
six
months ended in Dec. 2025 was 85.41.
The historical rank and industry rank for Tanwan's Days Payable or its related term are showing as below:
HKSE:09890'
s Days Payable Range Over the Past 10 Years
Min: 86.24 Med: 102.94 Max: 232.27
Current: 95.18
During the past 6 years, Tanwan's highest Days Payable was 232.27. The lowest was 86.24. And the median was 102.94.
HKSE:09890's Days Payable is ranked better than 62.06% of 427
companies
in the Interactive Media industry
Industry Median: 61
vs HKSE:09890: 95.18
Tanwan's Days Payable
declined
from Dec. 2024 (144.51) to Dec. 2025 (85.41).
It may suggest that Tanwanaccelerated paying its suppliers.
The historical data trend for Tanwan'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:09890 vs NTES, EA, TTWO: Days Payable Comparison
For the Electronic Gaming & Multimedia subindustry, Tanwan'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.
Tanwan Days Payable vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Tanwan's Days Payable distribution charts can be found below:
* The bar in red indicates where Tanwan'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.
Tanwan'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.
Tanwan (HKSE:09890) has a Days Payable of 85.41 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 Tanwan and its competitors. This is 17% below median its historical median of 102.94. Over the past decade, Tanwan's Days Payable has ranged from 86.24 to 232.27. According to the industry distribution chart, Tanwan ranks #162 out of 427 companies in the Interactive Media industry, placing it in the top 37.9%.
Is Tanwan's Days Payable too high?
Tanwan's current Days Payable of 85.41 is 17% below median its 10-year median of 102.94. Over the past 10 years, this metric has ranged from a low of 86.24 to a high of 232.27. The Interactive Media industry median Days Payable is 61.00. Tanwan's value of 85.41 is 40% above this industry median. Based on the distribution chart, Tanwan ranks #162 out of 427 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Tanwan has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Tanwan's Days Payable compare to NTES and EA?
According to the Interactive Media industry distribution chart, Tanwan ranks #162 out of 427 companies for Days Payable. This puts Tanwan in the upper half of its industry. The industry median Days Payable is 61.00. Tanwan's value of 85.41 is 40% above this benchmark. Historically, Tanwan's own Days Payable has ranged from 86.24 to 232.27 over the past decade. While the company's 10-year median is 102.94 vs. the industry median of 61.00, Tanwan 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 an Interactive Media company?
The median Days Payable among Interactive Media companies is 61.00, based on 427 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. Tanwan's current Days Payable of 85.41 is 40% 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 Tanwan and its competitors. For the Interactive Media industry, the median Days Payable is 61.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanwan's current Days Payable is 85.41, which is 17% below median its own 10-year median of 102.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanwan stock overvalued right now?
Tanwan (HKSE:09890) has a current Days Payable of 85.41. The current Days Payable is 85.41, which is 17% below median its 10-year median of 102.94 and 40% above the Interactive Media industry median of 61.00. Tanwan's overall GF Score™ is 35/100 with 6 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 Tanwan (HKSE:09890), the current Days Payable is 85.41 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.
Tanwan Inc Formerly ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of game products. Its geographic markets are Mainland China, Hong Kong, and Others. It generates revenue from marketing and operating online games and consumer product business, including sales of private-label and local-flavor rice noodle products and other fast consumer foods under the brand Zha Zha Hui.
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