NCEW (New Century Logistics (BVI)) Days Payable: 26.78 (As of Mar. 2026) — 42% Below Median

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NCEW New Century Logistics (BVI) Ltd NCEW
15 GF Score
Price $16.81
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What is New Century Logistics (BVI) Days Payable?

New Century Logistics (BVI) NCEW +3.77% 15 Days Payable is 26.78 as of Mar. 2026, which is 42% below its 10-year median of 45.91. GuruFocus rates NCEW with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 968 Transportation companies, New Century Logistics (BVI) ranks better than 55.99% on this metric.

New Century Logistics (BVI)'s average Accounts Payable for the six months ended in Mar. 2026 was $4.08 Mil. New Century Logistics (BVI)'s Cost of Goods Sold for the six months ended in Mar. 2026 was $27.79 Mil. Hence, New Century Logistics (BVI)'s Days Payable for the six months ended in Mar. 2026 was 26.78.

The historical rank and industry rank for New Century Logistics (BVI)'s Days Payable or its related term are showing as below:

NCEW' s Days Payable Range Over the Past 10 Years
Min: 28.98   Med: 45.91   Max: 49.14
Current: 28.98

During the past 5 years, New Century Logistics (BVI)'s highest Days Payable was 49.14. The lowest was 28.98. And the median was 45.91.

NCEW's Days Payable is ranked better than
55.99% of 968 companies
in the Transportation industry
Industry Median: 38.8 vs NCEW: 28.98

New Century Logistics (BVI)'s Days Payable declined from Mar. 2025 (46.77) to Mar. 2026 (26.78). It may suggest that New Century Logistics (BVI) accelerated paying its suppliers.


New Century Logistics (BVI) Days Payable Historical Data

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The historical data trend for New Century Logistics (BVI)'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.

New Century Logistics (BVI) Days Payable Chart

New Century Logistics (BVI) Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
45.91 35.04 47.10 39.86 49.14

New Century Logistics (BVI) Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.59 45.49 46.77 36.38 26.78

NCEW vs JANL, CRGO, SFWL: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, New Century Logistics (BVI)'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.


New Century Logistics (BVI) Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, New Century Logistics (BVI)'s Days Payable distribution charts can be found below:

* The bar in red indicates where New Century Logistics (BVI)'s Days Payable falls into.


NCEW
15GF Score
New Century Logistics (BVI) Ltd NCEW
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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New Century Logistics (BVI) 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.

New Century Logistics (BVI)'s Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (6.547 + 5.279) / 2 ) / 43.921*365
=5.913 / 43.921*365
=49.14

New Century Logistics (BVI)'s Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (5.279 + 2.877) / 2 ) / 27.794*365 / 2
=4.078 / 27.794*365 / 2
=26.78

* 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 26.78 mean?
New Century Logistics (BVI) (NCEW) has a Days Payable of 26.78 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on New Century Logistics (BVI) and its competitors. This is 42% below median its historical median of 45.91. Over the past decade, New Century Logistics (BVI)'s Days Payable has ranged from 28.98 to 49.14. According to the industry distribution chart, New Century Logistics (BVI) ranks #426 out of 968 companies in the Transportation industry, placing it in the top 44%.
Is New Century Logistics (BVI)'s Days Payable too high?
New Century Logistics (BVI)'s current Days Payable of 26.78 is 42% below median its 10-year median of 45.91. Over the past 10 years, this metric has ranged from a low of 28.98 to a high of 49.14. The Transportation industry median Days Payable is 38.80. New Century Logistics (BVI)'s value of 26.78 is 31% below this industry median. Based on the distribution chart, New Century Logistics (BVI) ranks #426 out of 968 companies in the Transportation industry, which is above the industry midpoint. Overall, New Century Logistics (BVI) has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does New Century Logistics (BVI)'s Days Payable compare to JANL and CRGO?
According to the Transportation industry distribution chart, New Century Logistics (BVI) ranks #426 out of 968 companies for Days Payable. This puts New Century Logistics (BVI) in the upper half of its industry. The industry median Days Payable is 38.80. New Century Logistics (BVI)'s value of 26.78 is 31% below this benchmark. Historically, New Century Logistics (BVI)'s own Days Payable has ranged from 28.98 to 49.14 over the past decade. While the company's 10-year median is 45.91 vs. the industry median of 38.80, New Century Logistics (BVI) 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 Transportation company?
The median Days Payable among Transportation companies is 38.80, based on 968 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. New Century Logistics (BVI)'s current Days Payable of 26.78 is 31% 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 New Century Logistics (BVI) and its competitors. For the Transportation industry, the median Days Payable is 38.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Century Logistics (BVI)'s current Days Payable is 26.78, which is 42% below median its own 10-year median of 45.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Century Logistics (BVI) stock overvalued right now?
New Century Logistics (BVI) (NCEW) has a current Days Payable of 26.78. The current Days Payable is 26.78, which is 42% below median its 10-year median of 45.91 and 31% below the Transportation industry median of 38.80. New Century Logistics (BVI)'s overall GF Score™ is 15/100 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 New Century Logistics (BVI) (NCEW), the current Days Payable is 26.78 as of Mar. 2026. 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.

New Century Logistics (BVI) Business Description

Address 55 King Yip Street, Office A-E, 33rd Floor, King Palace Plaza, Kwun Tong, Kowloon, Hong Kong, HKG
New Century Logistics (BVI) Ltd is a freight forwarding service provider based in Hong Kong. The company offers air and ocean export and import freight forwarding services, including the sale of cargo space, cargo pickup, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports. It provides a full range of logistics services supported by a robust international network that facilitates the movement of customers goods. Its services include Project Cargo, Warehousing & Distribution, Ocean Freight Import & Export, and Air Freight Import & Export. The company operates in the British Virgin Islands and Hong Kong, with the majority of its revenue generated from Hong Kong.
15GF Score

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