Luen Thai Holdings (FRA:LTJ) Days Payable: 32.58 (As of Dec. 2025) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:LTJ Luen Thai Holdings Ltd FRA:LTJ
43 GF Score
Price €0.02
GF Value €0.02
! 4 Warning Signs
View Full Analysis

What is Luen Thai Holdings Days Payable?

Luen Thai Holdings FRA:LTJ 43 Days Payable is 32.58 as of Dec. 2025, which is 10% below its 10-year median of 36.35. GuruFocus rates FRA:LTJ with a GF Score™ of 43/100 and a GF Value™ of €0.02. The stock has 4 warning signs investors should review. Among 1,021 Manufacturing - Apparel & Accessories companies, Luen Thai Holdings ranks worse than 72.77% on this metric.

Luen Thai Holdings's average Accounts Payable for the six months ended in Dec. 2025 was €44.0 Mil. Luen Thai Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was €246.2 Mil. Hence, Luen Thai Holdings's Days Payable for the six months ended in Dec. 2025 was 32.58.

The historical rank and industry rank for Luen Thai Holdings's Days Payable or its related term are showing as below:

FRA:LTJ' s Days Payable Range Over the Past 10 Years
Min: 25.88   Med: 36.35   Max: 64.8
Current: 31.91

During the past 13 years, Luen Thai Holdings's highest Days Payable was 64.80. The lowest was 25.88. And the median was 36.35.

FRA:LTJ's Days Payable is ranked worse than
72.77% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.6 vs FRA:LTJ: 31.91

Luen Thai Holdings's Days Payable increased from Dec. 2024 (28.67) to Dec. 2025 (32.58). It may suggest that Luen Thai Holdings delayed paying its suppliers.


Luen Thai Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Luen Thai 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.

Luen Thai Holdings Days Payable Chart

Luen Thai Holdings 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 40.30 31.73 29.55 25.28 32.51

Luen Thai 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 32.93 37.86 28.67 34.09 32.58

FRA:LTJ vs RL, LEVI, VFC: Days Payable Comparison

For the Apparel Manufacturing subindustry, Luen Thai 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.


Luen Thai Holdings Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luen Thai Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Luen Thai Holdings's Days Payable falls into.


FRA:LTJ
43GF Score
Luen Thai Holdings Ltd FRA:LTJ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Luen Thai 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.

Luen Thai Holdings'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
=( (38.586 + 44.009) / 2 ) / 463.715*365
=41.2975 / 463.715*365
=32.51

Luen Thai 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
=( (43.901 + 44.009) / 2 ) / 246.248*365 / 2
=43.955 / 246.248*365 / 2
=32.58

* 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 32.58 mean?
Luen Thai Holdings (FRA:LTJ) has a Days Payable of 32.58 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 Luen Thai Holdings and its competitors. This is 10% below median its historical median of 36.35. Over the past decade, Luen Thai Holdings' Days Payable has ranged from 25.88 to 64.80. According to the industry distribution chart, Luen Thai Holdings ranks #743 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 72.8%.
Is Luen Thai Holdings' Days Payable too high?
Luen Thai Holdings' current Days Payable of 32.58 is 10% below median its 10-year median of 36.35. Over the past 10 years, this metric has ranged from a low of 25.88 to a high of 64.80. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.60. Luen Thai Holdings' value of 32.58 is 40.3% below this industry median. Based on the distribution chart, Luen Thai Holdings ranks #743 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Luen Thai Holdings has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Luen Thai Holdings' Days Payable compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Luen Thai Holdings ranks #743 out of 1021 companies for Days Payable. This places Luen Thai Holdings in the lower half of its industry. The industry median Days Payable is 54.60. Luen Thai Holdings' value of 32.58 is 40.3% below this benchmark. Historically, Luen Thai Holdings' own Days Payable has ranged from 25.88 to 64.80 over the past decade. While the company's 10-year median is 36.35 vs. the industry median of 54.60, Luen Thai Holdings 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.60, based on 1,021 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. Luen Thai Holdings's current Days Payable of 32.58 is 40.3% 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 Luen Thai Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luen Thai Holdings's current Days Payable is 32.58, which is 10% below median its own 10-year median of 36.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luen Thai Holdings stock overvalued right now?
Luen Thai Holdings (FRA:LTJ) has a current Days Payable of 32.58. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading 5% above its estimated fair value. The current Days Payable is 32.58, which is 10% below median its 10-year median of 36.35 and 40.3% below the Manufacturing - Apparel & Accessories industry median of 54.60. Luen Thai Holdings' overall GF Score™ is 43/100 with 4 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 Luen Thai Holdings (FRA:LTJ), the current Days Payable is 32.58 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 Luen Thai Holdings (FRA:LTJ) Overvalued in 2026?

Based on GuruFocus' analysis, Luen Thai Holdings stock appears to be overvalued. The current stock price of €0.02 is trading 5% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:LTJ:

  • Days Payable: 32.58 (10% below median its 10-year median of 36.35)
  • GF Value™: €0.02 vs. price of €0.02 (5% above fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 40.3% below the Manufacturing - Apparel & Accessories median (#743 of 1021)

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


Luen Thai Holdings Business Description

Other Exchanges 00311:Hong Kong
Address 57 Hung To Road, Rooms 1001-1005, 10th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG
Luen Thai Holdings Ltd principally engaged in the manufacturing and trading of apparels and accessories. The Group has manufacturing plants in the People's Republic of China, Cambodia, the Philippines and Myanmar. The company has two operating segments, Apparel and Accessories. The company generates the majority of its revenue from the Apparel segment. The company has presence in United States, PRC (including Hong Kong and Macao), Europe (including the United Kingdom and Germany), South America (including Mexico and Chile), Canada, Japan, and Others. The company generates majority of revenue from United States.
43GF Score

Get the complete analysis for FRA:LTJ

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

€0.02
Price
€0.02
GF Value