Shenzhen Heungkong Holding Co (SHSE:600162) Days Payable: 1,602.75 (As of Mar. 2026) — 280% Above Median


SHSE:600162 Shenzhen Heungkong Holding Co Ltd SHSE:600162
27 GF Score
Price ¥2.29
GF Value ¥0.63
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Shenzhen Heungkong Holding Co Days Payable?

Shenzhen Heungkong Holding Co SHSE:600162 -0.43% 27 Days Payable is 1,602.75 as of Mar. 2026, which is 280% above its 10-year median of 421.53. GuruFocus rates SHSE:600162 with a GF Score™ of 27/100 and a GF Value™ of ¥0.63 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,568 Real Estate companies, Shenzhen Heungkong Holding Co ranks better than 94.07% on this metric.

Shenzhen Heungkong Holding Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥2,487 Mil. Shenzhen Heungkong Holding Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥142 Mil. Hence, Shenzhen Heungkong Holding Co's Days Payable for the three months ended in Mar. 2026 was 1,602.75.

The historical rank and industry rank for Shenzhen Heungkong Holding Co's Days Payable or its related term are showing as below:

SHSE:600162' s Days Payable Range Over the Past 10 Years
Min: 277.37   Med: 421.53   Max: 1178.05
Current: 1178.05

During the past 13 years, Shenzhen Heungkong Holding Co's highest Days Payable was 1178.05. The lowest was 277.37. And the median was 421.53.

SHSE:600162's Days Payable is ranked better than
94.07% of 1568 companies
in the Real Estate industry
Industry Median: 94.38 vs SHSE:600162: 1178.05

Shenzhen Heungkong Holding Co's Days Payable increased from Mar. 2025 (897.52) to Mar. 2026 (1,602.75). It may suggest that Shenzhen Heungkong Holding Co delayed paying its suppliers.


Shenzhen Heungkong Holding Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shenzhen Heungkong Holding 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.

Shenzhen Heungkong Holding Co Days Payable Chart

Shenzhen Heungkong Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 396.69 346.96 614.76 402.53 1,037.47

Shenzhen Heungkong Holding Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 897.52 1,017.47 927.52 1,459.73 1,602.75

Shenzhen Heungkong Holding Co Days Payable Competitor Comparison

For the Real Estate - Development subindustry, Shenzhen Heungkong Holding 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.


Shenzhen Heungkong Holding Co Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Heungkong Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Heungkong Holding Co's Days Payable falls into.


SHSE:600162
27GF Score
Shenzhen Heungkong Holding Co Ltd SHSE:600162
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Heungkong Holding Co 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.

Shenzhen Heungkong Holding Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (2668.273 + 2532.421) / 2 ) / 914.844*365
=2600.347 / 914.844*365
=1,037.47

Shenzhen Heungkong Holding Co'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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2532.421 + 2442.219) / 2 ) / 141.612*365 / 4
=2487.32 / 141.612*365 / 4
=1,602.75

* 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 1,602.75 mean?
Shenzhen Heungkong Holding Co (SHSE:600162) has a Days Payable of 1,602.75 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 Shenzhen Heungkong Holding Co and its competitors. This is 280% above median its historical median of 421.53. Over the past decade, Shenzhen Heungkong Holding Co's Days Payable has ranged from 277.37 to 1,178.05. According to the industry distribution chart, Shenzhen Heungkong Holding Co ranks #93 out of 1568 companies in the Real Estate industry, placing it in the top 5.9%.
Is Shenzhen Heungkong Holding Co's Days Payable too high?
Shenzhen Heungkong Holding Co's current Days Payable of 1,602.75 is 280% above median its 10-year median of 421.53. Over the past 10 years, this metric has ranged from a low of 277.37 to a high of 1,178.05. The Real Estate industry median Days Payable is 94.38. Shenzhen Heungkong Holding Co's value of 1,602.75 is 1598.2% above this industry median. Based on the distribution chart, Shenzhen Heungkong Holding Co ranks #93 out of 1568 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Shenzhen Heungkong Holding Co has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Heungkong Holding Co's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, Shenzhen Heungkong Holding Co ranks #93 out of 1568 companies for Days Payable. This places Shenzhen Heungkong Holding Co in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 94.38. Shenzhen Heungkong Holding Co's value of 1,602.75 is 1598.2% above this benchmark. Historically, Shenzhen Heungkong Holding Co's own Days Payable has ranged from 277.37 to 1,178.05 over the past decade. While the company's 10-year median is 421.53 vs. the industry median of 94.38, Shenzhen Heungkong Holding Co 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,568 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. Shenzhen Heungkong Holding Co's current Days Payable of 1,602.75 is 1598.2% 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 Shenzhen Heungkong Holding Co and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Heungkong Holding Co's current Days Payable is 1,602.75, which is 280% above median its own 10-year median of 421.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Heungkong Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Heungkong Holding Co (SHSE:600162) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥0.63, compared to a current price of ¥2.29 — trading 263.5% above its estimated fair value. The current Days Payable is 1,602.75, which is 280% above median its 10-year median of 421.53 and 1598.2% above the Real Estate industry median of 94.38. Shenzhen Heungkong Holding Co's overall GF Score™ is 27/100 with 8 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 Shenzhen Heungkong Holding Co (SHSE:600162), the current Days Payable is 1,602.75 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 Shenzhen Heungkong Holding Co (SHSE:600162) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Heungkong Holding Co stock appears to be overvalued. The current stock price of ¥2.29 is trading 263.5% above its estimated GF Value™ of ¥0.63. GuruFocus considers Shenzhen Heungkong Holding Co to be Significantly Overvalued.

Key valuation signals for SHSE:600162:

  • Days Payable: 1,602.75 (280% above median its 10-year median of 421.53)
  • GF Value™: ¥0.63 vs. price of ¥2.29 (263.5% above fair value)
  • GF Score™: 27/100 with 8 warning signs
  • Industry Position: 1598.2% above the Real Estate median (#93 of 1568)

No single metric tells the full story. See the SHSE:600162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Heungkong Holding Co Business Description

Address Yingbin Road, Jinxiu Xiangjiang Garden, HKHC Building, Fanyu District, Guangzhou, Guangdong, CHN, 511442
Shenzhen Heungkong Holding Co Ltd is a China-based company engaged in the development of commercial real estate properties. It is also involved in the investment promotion and operation of shops.
27GF Score

Get the complete analysis for SHSE:600162

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

¥2.29
Price
¥0.63
GF Value