Old Chang Kee (SGX:5ML) Days Payable: 119.94 (As of Mar. 2026) — 167% Above Median


SGX:5ML Old Chang Kee Ltd SGX:5ML
44 GF Score
Price S$1.19
GF Value S$0.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Old Chang Kee Days Payable?

Old Chang Kee SGX:5ML +2.59% 44 Days Payable is 119.94 as of Mar. 2026, which is 167% above its 10-year median of 44.93. GuruFocus rates SGX:5ML with a GF Score™ of 44/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 351 Restaurants companies, Old Chang Kee ranks better than 87.18% on this metric.

Old Chang Kee's average Accounts Payable for the six months ended in Mar. 2026 was S$10.5 Mil. Old Chang Kee's Cost of Goods Sold for the six months ended in Mar. 2026 was S$15.9 Mil. Hence, Old Chang Kee's Days Payable for the six months ended in Mar. 2026 was 119.94.

The historical rank and industry rank for Old Chang Kee's Days Payable or its related term are showing as below:

SGX:5ML' s Days Payable Range Over the Past 10 Years
Min: 38.44   Med: 44.93   Max: 94.7
Current: 94.7

During the past 13 years, Old Chang Kee's highest Days Payable was 94.70. The lowest was 38.44. And the median was 44.93.

SGX:5ML's Days Payable is ranked better than
87.18% of 351 companies
in the Restaurants industry
Industry Median: 34.74 vs SGX:5ML: 94.70

Old Chang Kee's Days Payable increased from Mar. 2025 (82.56) to Mar. 2026 (119.94). It may suggest that Old Chang Kee delayed paying its suppliers.


Old Chang Kee Days Payable Historical Data

* Premium members only.

The historical data trend for Old Chang Kee'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.

Old Chang Kee Days Payable Chart

Old Chang Kee Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.17 42.05 45.28 46.61 84.75

Old Chang Kee Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 75.87 82.46 82.56 79.48 119.94

SGX:5ML vs MCD, SBUX, YUM: Days Payable Comparison

For the Restaurants subindustry, Old Chang Kee'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.


Old Chang Kee Days Payable vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's Days Payable distribution charts can be found below:

* The bar in red indicates where Old Chang Kee's Days Payable falls into.


SGX:5ML
44GF Score
Old Chang Kee Ltd SGX:5ML
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Old Chang Kee 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.

Old Chang Kee's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (3.895 + 10.913) / 2 ) / 31.888*365
=7.404 / 31.888*365
=84.75

Old Chang Kee'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
=( (10.013 + 10.913) / 2 ) / 15.92*365 / 2
=10.463 / 15.92*365 / 2
=119.94

* 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 119.94 mean?
Old Chang Kee (SGX:5ML) has a Days Payable of 119.94 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 Old Chang Kee and its competitors. This is 167% above median its historical median of 44.93. Over the past decade, Old Chang Kee's Days Payable has ranged from 38.44 to 94.70. According to the industry distribution chart, Old Chang Kee ranks #45 out of 351 companies in the Restaurants industry, placing it in the top 12.8%.
Is Old Chang Kee's Days Payable too high?
Old Chang Kee's current Days Payable of 119.94 is 167% above median its 10-year median of 44.93. Over the past 10 years, this metric has ranged from a low of 38.44 to a high of 94.70. The Restaurants industry median Days Payable is 34.74. Old Chang Kee's value of 119.94 is 245.3% above this industry median. Based on the distribution chart, Old Chang Kee ranks #45 out of 351 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Old Chang Kee has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's Days Payable compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #45 out of 351 companies for Days Payable. This places Old Chang Kee in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 34.74. Old Chang Kee's value of 119.94 is 245.3% above this benchmark. Historically, Old Chang Kee's own Days Payable has ranged from 38.44 to 94.70 over the past decade. While the company's 10-year median is 44.93 vs. the industry median of 34.74, Old Chang Kee 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 Restaurants company?
The median Days Payable among Restaurants companies is 34.74, based on 351 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. Old Chang Kee's current Days Payable of 119.94 is 245.3% 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 Old Chang Kee and its competitors. For the Restaurants industry, the median Days Payable is 34.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current Days Payable is 119.94, which is 167% above median its own 10-year median of 44.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.19 — trading 48.8% above its estimated fair value. The current Days Payable is 119.94, which is 167% above median its 10-year median of 44.93 and 245.3% above the Restaurants industry median of 34.74. Old Chang Kee's overall GF Score™ is 44/100 with 5 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 Old Chang Kee (SGX:5ML), the current Days Payable is 119.94 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.

Is Old Chang Kee (SGX:5ML) Overvalued in 2026?

Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued. The current stock price of S$1.19 is trading 48.8% above its estimated GF Value™ of S$0.80. GuruFocus considers Old Chang Kee to be Significantly Overvalued.

Key valuation signals for SGX:5ML:

  • Days Payable: 119.94 (167% above median its 10-year median of 44.93)
  • GF Value™: S$0.80 vs. price of S$1.19 (48.8% above fair value)
  • GF Score™: 44/100 with 5 warning signs
  • Industry Position: 245.3% above the Restaurants median (#45 of 351)

No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Old Chang Kee Business Description

Address 2 Woodlands Terrace, Singapore, SGP, 738427
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
44GF Score

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

S$1.19
Price
S$0.80
GF Value