NDGPF (Nine Dragons Paper (Holdings)) Days Payable: 58.56 (As of Dec. 2025) — 34% Above Median


NDGPF Nine Dragons Paper (Holdings) Ltd NDGPF
49 GF Score
Price $0.90
GF Value $0.71
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Nine Dragons Paper (Holdings) Days Payable?

Nine Dragons Paper (Holdings) NDGPF 49 Days Payable is 58.56 as of Dec. 2025, which is 34% above its 10-year median of 43.54. GuruFocus rates NDGPF with a GF Score™ of 49/100 and a GF Value™ of $0.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 276 Forest Products companies, Nine Dragons Paper (Holdings) ranks better than 56.88% on this metric.

Nine Dragons Paper (Holdings)'s average Accounts Payable for the six months ended in Dec. 2025 was $1,452 Mil. Nine Dragons Paper (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2025 was $4,525 Mil. Hence, Nine Dragons Paper (Holdings)'s Days Payable for the six months ended in Dec. 2025 was 58.56.

The historical rank and industry rank for Nine Dragons Paper (Holdings)'s Days Payable or its related term are showing as below:

NDGPF' s Days Payable Range Over the Past 10 Years
Min: 23.64   Med: 43.54   Max: 71.49
Current: 65.41

During the past 13 years, Nine Dragons Paper (Holdings)'s highest Days Payable was 71.49. The lowest was 23.64. And the median was 43.54.

NDGPF's Days Payable is ranked better than
56.88% of 276 companies
in the Forest Products industry
Industry Median: 57.93 vs NDGPF: 65.41

Nine Dragons Paper (Holdings)'s Days Payable declined from Dec. 2024 (68.17) to Dec. 2025 (58.56). It may suggest that Nine Dragons Paper (Holdings) accelerated paying its suppliers.


Nine Dragons Paper (Holdings) Days Payable Historical Data

* Premium members only.

The historical data trend for Nine Dragons Paper (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.

Nine Dragons Paper (Holdings) Days Payable Chart

Nine Dragons Paper (Holdings) Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.08 35.52 55.47 71.39 70.83

Nine Dragons Paper (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 71.42 83.51 68.17 75.07 58.56

Nine Dragons Paper (Holdings) Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Nine Dragons Paper (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.


Nine Dragons Paper (Holdings) Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Days Payable falls into.


NDGPF
49GF Score
Nine Dragons Paper (Holdings) Ltd NDGPF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nine Dragons Paper (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.

Nine Dragons Paper (Holdings)'s Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (1552.934 + 1473.771) / 2 ) / 7798.367*365
=1513.3525 / 7798.367*365
=70.83

Nine Dragons Paper (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
=( (1473.771 + 1430.557) / 2 ) / 4525.446*365 / 2
=1452.164 / 4525.446*365 / 2
=58.56

* 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 58.56 mean?
Nine Dragons Paper (Holdings) (NDGPF) has a Days Payable of 58.56 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 Nine Dragons Paper (Holdings) and its competitors. This is 34% above median its historical median of 43.54. Over the past decade, Nine Dragons Paper (Holdings)'s Days Payable has ranged from 23.64 to 71.49. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #119 out of 276 companies in the Forest Products industry, placing it in the top 43.1%.
Is Nine Dragons Paper (Holdings)'s Days Payable too high?
Nine Dragons Paper (Holdings)'s current Days Payable of 58.56 is 34% above median its 10-year median of 43.54. Over the past 10 years, this metric has ranged from a low of 23.64 to a high of 71.49. The Forest Products industry median Days Payable is 57.93. Nine Dragons Paper (Holdings)'s value of 58.56 is 1.1% above this industry median. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #119 out of 276 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #119 out of 276 companies for Days Payable. This puts Nine Dragons Paper (Holdings) in the upper half of its industry. The industry median Days Payable is 57.93. Nine Dragons Paper (Holdings)'s value of 58.56 is 1.1% above this benchmark. Historically, Nine Dragons Paper (Holdings)'s own Days Payable has ranged from 23.64 to 71.49 over the past decade. While the company's 10-year median is 43.54 vs. the industry median of 57.93, Nine Dragons Paper (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 Forest Products company?
The median Days Payable among Forest Products companies is 57.93, based on 276 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. Nine Dragons Paper (Holdings)'s current Days Payable of 58.56 is 1.1% 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 Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median Days Payable is 57.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current Days Payable is 58.56, which is 34% above median its own 10-year median of 43.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.71, compared to a current price of $0.90 — trading 26.8% above its estimated fair value. The current Days Payable is 58.56, which is 34% above median its 10-year median of 43.54 and 1.1% above the Forest Products industry median of 57.93. Nine Dragons Paper (Holdings)'s overall GF Score™ is 49/100 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 Nine Dragons Paper (Holdings) (NDGPF), the current Days Payable is 58.56 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 Nine Dragons Paper (Holdings) (NDGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued. The current stock price of $0.90 is trading 26.8% above its estimated GF Value™ of $0.71. GuruFocus considers Nine Dragons Paper (Holdings) to be Modestly Overvalued.

Key valuation signals for NDGPF:

  • Days Payable: 58.56 (34% above median its 10-year median of 43.54)
  • GF Value™: $0.71 vs. price of $0.90 (26.8% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 1.1% above the Forest Products median (#119 of 276)

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


Nine Dragons Paper (Holdings) Business Description

Other Exchanges NDGPY:USA02689:Hong Kong
Address No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
49GF Score

Get the complete analysis for NDGPF

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

$0.90
Price
$0.71
GF Value