Li Ning CoLNNGY +3.51%90 Days Payable is 44.25 as of Dec. 2025, which is 19% below its 10-year median of 54.88. GuruFocus rates LNNGY with a GF Score™ of 90/100 and a GF Value™ of $66.63 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 778 Travel & Leisure companies, Li Ning Co ranks worse than 60.54% on this metric.
Li Ning Co's average Accounts Payable for the
six
months ended in Dec. 2025 was $265 Mil. Li Ning Co's Cost of Goods Sold for the
six
months ended in Dec. 2025 was $1,094 Mil.
Hence, Li Ning Co's Days Payable for the
six
months ended in Dec. 2025 was 44.25.
The historical rank and industry rank for Li Ning Co's Days Payable or its related term are showing as below:
LNNGY'
s Days Payable Range Over the Past 10 Years
Min: 41.94 Med: 54.88 Max: 89.62
Current: 43.1
During the past 13 years, Li Ning Co's highest Days Payable was 89.62. The lowest was 41.94. And the median was 54.88.
LNNGY's Days Payable is ranked worse than 60.54% of 778
companies
in the Travel & Leisure industry
Industry Median: 56.525
vs LNNGY: 43.10
Li Ning Co's Days Payable
increased
from Dec. 2024 (41.10) to Dec. 2025 (44.25).
It may suggest that Li Ning Codelayed paying its suppliers.
Li Ning Co Days Payable Related Terms
Li Ning Co Days Payable Historical Data
* Premium members only.
The historical data trend for Li Ning 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.
For the Leisure subindustry, Li Ning 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.
Li Ning Co Days Payable vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Li Ning 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.
Li Ning 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.
Li Ning Co (LNNGY) has a Days Payable of 44.25 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 Li Ning Co and its competitors. This is 19% below median its historical median of 54.88. Over the past decade, Li Ning Co's Days Payable has ranged from 41.94 to 89.62. According to the industry distribution chart, Li Ning Co ranks #471 out of 778 companies in the Travel & Leisure industry, placing it in the top 60.5%.
Is Li Ning Co's Days Payable too high?
Li Ning Co's current Days Payable of 44.25 is 19% below median its 10-year median of 54.88. Over the past 10 years, this metric has ranged from a low of 41.94 to a high of 89.62. The Travel & Leisure industry median Days Payable is 56.53. Li Ning Co's value of 44.25 is 21.7% below this industry median. Based on the distribution chart, Li Ning Co ranks #471 out of 778 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Li Ning Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Li Ning Co's Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Li Ning Co ranks #471 out of 778 companies for Days Payable. This places Li Ning Co in the lower half of its industry. The industry median Days Payable is 56.53. Li Ning Co's value of 44.25 is 21.7% below this benchmark. Historically, Li Ning Co's own Days Payable has ranged from 41.94 to 89.62 over the past decade. While the company's 10-year median is 54.88 vs. the industry median of 56.53, Li Ning 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.53, based on 778 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. Li Ning Co's current Days Payable of 44.25 is 21.7% 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 Li Ning Co and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Li Ning Co's current Days Payable is 44.25, which is 19% below median its own 10-year median of 54.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Ning Co stock overvalued right now?
Based on GuruFocus' analysis, Li Ning Co (LNNGY) is currently considered Modestly Undervalued. The stock's GF Value™ is $66.63, compared to a current price of $48.92 — trading 26.6% below its estimated fair value. The current Days Payable is 44.25, which is 19% below median its 10-year median of 54.88 and 21.7% below the Travel & Leisure industry median of 56.53. Li Ning Co's overall GF Score™ is 90/100 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 Li Ning Co (LNNGY), the current Days Payable is 44.25 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 Li Ning Co (LNNGY) Overvalued in 2026?
Based on GuruFocus' analysis, Li Ning Co stock appears to be undervalued.
The current stock price of $48.92 is trading 26.6% below its estimated GF Value™ of $66.63.
GuruFocus considers Li Ning Co to be Modestly Undervalued.
Key valuation signals for LNNGY:
Days Payable: 44.25 (19% below median its 10-year median of 54.88)
GF Value™: $66.63 vs. price of $48.92 (26.6% below fair value)
Industry Position: 21.7% below the Travel & Leisure median (#471 of 778)
No single metric tells the full story. See the LNNGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2024, the company had 7,585 stores in China, of which 1,297 were directly operated, and the rest franchised.
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