Hainan Airport Infrastructure Co (SHSE:600515) Days Payable: 218.69 (As of Mar. 2026) — 49% Below Median

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SHSE:600515 Hainan Airport Infrastructure Co Ltd SHSE:600515
55 GF Score
Price ¥2.73
GF Value ¥4.35
Valuation Possible Value Trap
! 7 Warning Signs
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What is Hainan Airport Infrastructure Co Days Payable?

Hainan Airport Infrastructure Co SHSE:600515 -3.53% 55 Days Payable is 218.69 as of Mar. 2026, which is 49% below its 10-year median of 429.79. GuruFocus rates SHSE:600515 with a GF Score™ of 55/100 and a GF Value™ of ¥4.35 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,567 Real Estate companies, Hainan Airport Infrastructure Co ranks better than 78.81% on this metric.

Hainan Airport Infrastructure Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥2,840 Mil. Hainan Airport Infrastructure Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥1,185 Mil. Hence, Hainan Airport Infrastructure Co's Days Payable for the three months ended in Mar. 2026 was 218.69.

The historical rank and industry rank for Hainan Airport Infrastructure Co's Days Payable or its related term are showing as below:

SHSE:600515' s Days Payable Range Over the Past 10 Years
Min: 229.35   Med: 429.79   Max: 682.39
Current: 290.01

During the past 13 years, Hainan Airport Infrastructure Co's highest Days Payable was 682.39. The lowest was 229.35. And the median was 429.79.

SHSE:600515's Days Payable is ranked better than
78.81% of 1567 companies
in the Real Estate industry
Industry Median: 94.38 vs SHSE:600515: 290.01

Hainan Airport Infrastructure Co's Days Payable declined from Mar. 2025 (499.25) to Mar. 2026 (218.69). It may suggest that Hainan Airport Infrastructure Co accelerated paying its suppliers.


Hainan Airport Infrastructure Co Days Payable Related Terms


Hainan Airport Infrastructure Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hainan Airport Infrastructure 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.

Hainan Airport Infrastructure Co Days Payable Chart

Hainan Airport Infrastructure 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 682.39 450.03 386.83 552.03 391.67

Hainan Airport Infrastructure 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 499.25 349.88 365.49 267.27 218.69

Hainan Airport Infrastructure Co Days Payable Competitor Comparison

For the Real Estate - Diversified subindustry, Hainan Airport Infrastructure 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.


Hainan Airport Infrastructure Co Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hainan Airport Infrastructure Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hainan Airport Infrastructure Co's Days Payable falls into.


SHSE:600515
55GF Score
Hainan Airport Infrastructure Co Ltd SHSE:600515
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hainan Airport Infrastructure 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.

Hainan Airport Infrastructure 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
=( (3854.693 + 2882.812) / 2 ) / 3139.375*365
=3368.7525 / 3139.375*365
=391.67

Hainan Airport Infrastructure 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
=( (2882.812 + 2797.619) / 2 ) / 1185.096*365 / 4
=2840.2155 / 1185.096*365 / 4
=218.69

* 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 218.69 mean?
Hainan Airport Infrastructure Co (SHSE:600515) has a Days Payable of 218.69 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 Hainan Airport Infrastructure Co and its competitors. This is 49% below median its historical median of 429.79. Over the past decade, Hainan Airport Infrastructure Co's Days Payable has ranged from 229.35 to 682.39. According to the industry distribution chart, Hainan Airport Infrastructure Co ranks #332 out of 1567 companies in the Real Estate industry, placing it in the top 21.2%.
Is Hainan Airport Infrastructure Co's Days Payable too high?
Hainan Airport Infrastructure Co's current Days Payable of 218.69 is 49% below median its 10-year median of 429.79. Over the past 10 years, this metric has ranged from a low of 229.35 to a high of 682.39. The Real Estate industry median Days Payable is 94.38. Hainan Airport Infrastructure Co's value of 218.69 is 131.7% above this industry median. Based on the distribution chart, Hainan Airport Infrastructure Co ranks #332 out of 1567 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hainan Airport Infrastructure Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hainan Airport Infrastructure Co's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, Hainan Airport Infrastructure Co ranks #332 out of 1567 companies for Days Payable. This places Hainan Airport Infrastructure Co in the top 21% of its industry — outperforming the majority of peers. The industry median Days Payable is 94.38. Hainan Airport Infrastructure Co's value of 218.69 is 131.7% above this benchmark. Historically, Hainan Airport Infrastructure Co's own Days Payable has ranged from 229.35 to 682.39 over the past decade. While the company's 10-year median is 429.79 vs. the industry median of 94.38, Hainan Airport Infrastructure 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 1,567 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. Hainan Airport Infrastructure Co's current Days Payable of 218.69 is 131.7% 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 Hainan Airport Infrastructure 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. Hainan Airport Infrastructure Co's current Days Payable is 218.69, which is 49% below median its own 10-year median of 429.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airport Infrastructure Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airport Infrastructure Co (SHSE:600515) is currently considered Possible Value Trap. The stock's GF Value™ is ¥4.35, compared to a current price of ¥2.73 — trading 37.2% below its estimated fair value. The current Days Payable is 218.69, which is 49% below median its 10-year median of 429.79 and 131.7% above the Real Estate industry median of 94.38. Hainan Airport Infrastructure Co's overall GF Score™ is 55/100 with 7 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 Hainan Airport Infrastructure Co (SHSE:600515), the current Days Payable is 218.69 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 Hainan Airport Infrastructure Co (SHSE:600515) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Airport Infrastructure Co stock appears to be undervalued. The current stock price of ¥2.73 is trading 37.2% below its estimated GF Value™ of ¥4.35. GuruFocus considers Hainan Airport Infrastructure Co to be Possible Value Trap.

Key valuation signals for SHSE:600515:

  • Days Payable: 218.69 (49% below median its 10-year median of 429.79)
  • GF Value™: ¥4.35 vs. price of ¥2.73 (37.2% below fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 131.7% above the Real Estate median (#332 of 1567)

No single metric tells the full story. See the SHSE:600515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Airport Infrastructure Co Business Description

Address No. 3, Guoxing Avenue, Block C, Internet Finance Building, Meilan District, Hainan Province, Haikou, CHN, 570203
Hainan Airport Infrastructure Co Ltd engages in airport operation management, duty-free and commercial business, and real estate development and sales. The Real Estate Business segment focuses on industrial park investment and development, sales of completed residential units, office properties, and apartments, and leasing and management of industrial parks and investment properties. The Airport Business segment covers both aviation-related and non-aviation operations. The Property Management Business segment delivers essential property services along with additional value-added offerings. The Duty-free & Commercial segment is involved in island-based retail and related commercial activities. The Other business segment includes hotel management, aviation training, and associated services.
55GF Score

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

¥2.73
Price
¥4.35
GF Value