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NetEase Cloud MusicHKSE:09899 -3.01%72 Days Payable is 3.80 as of Dec. 2025, which is 103% above its 10-year median of 1.87. GuruFocus rates HKSE:09899 with a GF Score™ of 72/100 and a GF Value™ of HK$107.58 (Fairly Valued). The stock has 3 warning signs investors should review. Among 429 Interactive Media companies, NetEase Cloud Music ranks worse than 97.2% on this metric.
The historical rank and industry rank for NetEase Cloud Music's Days Payable or its related term are showing as below:
HKSE:09899'
s Days Payable Range Over the Past 10 Years
Min: 0.01 Med: 1.87 Max: 15.29
Current: 3.18
During the past 8 years, NetEase Cloud Music's highest Days Payable was 15.29. The lowest was 0.01. And the median was 1.87.
HKSE:09899's Days Payable is ranked worse than 97.2% of 429
companies
in the Interactive Media industry
Industry Median: 65.5
vs HKSE:09899: 3.18
NetEase Cloud Music's Days Payable
increased
from Dec. 2024 (1.45) to Dec. 2025 (3.80).
It may suggest that NetEase Cloud Musicdelayed paying its suppliers.
NetEase Cloud Music Days Payable Related Terms
NetEase Cloud Music Days Payable Historical Data
* Premium members only.
The historical data trend for NetEase Cloud Music'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:09899 vs GOOGL, META, SPOT: Days Payable Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music'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.
NetEase Cloud Music Days Payable vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Days Payable distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music'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.
NetEase Cloud Music'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.
NetEase Cloud Music (HKSE:09899) has a Days Payable of 3.80 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 NetEase Cloud Music and its competitors. This is 103% above median its historical median of 1.87. Over the past decade, NetEase Cloud Music's Days Payable has ranged from 0.01 to 15.29. According to the industry distribution chart, NetEase Cloud Music ranks #417 out of 429 companies in the Interactive Media industry, placing it in the top 97.2%.
Is NetEase Cloud Music's Days Payable too high?
NetEase Cloud Music's current Days Payable of 3.80 is 103% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 15.29. The Interactive Media industry median Days Payable is 65.50. NetEase Cloud Music's value of 3.80 is 94.2% below this industry median. Based on the distribution chart, NetEase Cloud Music ranks #417 out of 429 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, NetEase Cloud Music has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Days Payable compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #417 out of 429 companies for Days Payable. This places NetEase Cloud Music in the lower half of its industry. The industry median Days Payable is 65.50. NetEase Cloud Music's value of 3.80 is 94.2% below this benchmark. Historically, NetEase Cloud Music's own Days Payable has ranged from 0.01 to 15.29 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 65.50, NetEase Cloud Music 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 an Interactive Media company?
The median Days Payable among Interactive Media companies is 65.50, based on 429 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. NetEase Cloud Music's current Days Payable of 3.80 is 94.2% 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 NetEase Cloud Music and its competitors. For the Interactive Media industry, the median Days Payable is 65.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current Days Payable is 3.80, which is 103% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Fairly Valued. The stock's GF Value™ is HK$107.58, compared to a current price of HK$115.90 — trading 7.7% above its estimated fair value. The current Days Payable is 3.80, which is 103% above median its 10-year median of 1.87 and 94.2% below the Interactive Media industry median of 65.50. NetEase Cloud Music's overall GF Score™ is 72/100 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 NetEase Cloud Music (HKSE:09899), the current Days Payable is 3.80 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 NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be overvalued.
The current stock price of HK$115.90 is trading 7.7% above its estimated GF Value™ of HK$107.58.
GuruFocus considers NetEase Cloud Music to be Fairly Valued.
Key valuation signals for HKSE:09899:
Days Payable: 3.80 (103% above median its 10-year median of 1.87)
GF Value™: HK$107.58 vs. price of HK$115.90 (7.7% above fair value)
Industry Position: 94.2% below the Interactive Media median (#417 of 429)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
72GF Score
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