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.
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.
Asia Commercial HoldingsHKSE:00104 +0.42%38 Days Payable is 52.37 as of Mar. 2026, which is 62% above its 10-year median of 32.27. GuruFocus rates HKSE:00104 with a GF Score™ of 38/100 and a GF Value™ of HK$0.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,107 Retail - Cyclical companies, Asia Commercial Holdings ranks better than 55.19% on this metric.
* 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.
HKSE:00104 vs CASY, WSM, ULTA: Days Payable Comparison
For the Specialty Retail subindustry, Asia Commercial 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.
Asia Commercial Holdings Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Asia Commercial Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Asia Commercial Holdings's Days Payable falls into.
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.
Asia Commercial Holdings's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Asia Commercial Holdings (HKSE:00104) has a Days Payable of 52.37 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 Asia Commercial Holdings and its competitors. This is 62% above median its historical median of 32.27. Over the past decade, Asia Commercial Holdings' Days Payable has ranged from 2.98 to 59.55. According to the industry distribution chart, Asia Commercial Holdings ranks #496 out of 1107 companies in the Retail - Cyclical industry, placing it in the top 44.8%.
Is Asia Commercial Holdings' Days Payable too high?
Asia Commercial Holdings' current Days Payable of 52.37 is 62% above median its 10-year median of 32.27. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 59.55. The Retail - Cyclical industry median Days Payable is 51.29. Asia Commercial Holdings' value of 52.37 is 2.1% above this industry median. Based on the distribution chart, Asia Commercial Holdings ranks #496 out of 1107 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Asia Commercial Holdings has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Commercial Holdings' Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asia Commercial Holdings ranks #496 out of 1107 companies for Days Payable. This puts Asia Commercial Holdings in the upper half of its industry. The industry median Days Payable is 51.29. Asia Commercial Holdings' value of 52.37 is 2.1% above this benchmark. Historically, Asia Commercial Holdings' own Days Payable has ranged from 2.98 to 59.55 over the past decade. While the company's 10-year median is 32.27 vs. the industry median of 51.29, Asia Commercial 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.29, based on 1,107 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. Asia Commercial Holdings's current Days Payable of 52.37 is 2.1% 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 Asia Commercial Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Commercial Holdings's current Days Payable is 52.37, which is 62% above median its own 10-year median of 32.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Commercial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Commercial Holdings (HKSE:00104) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.24 — trading 9.5% above its estimated fair value. The current Days Payable is 52.37, which is 62% above median its 10-year median of 32.27 and 2.1% above the Retail - Cyclical industry median of 51.29. Asia Commercial Holdings' overall GF Score™ is 38/100 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 Asia Commercial Holdings (HKSE:00104), the current Days Payable is 52.37 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 Asia Commercial Holdings (HKSE:00104) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Commercial Holdings stock appears to be overvalued.
The current stock price of HK$0.24 is trading 9.5% above its estimated GF Value™ of HK$0.22.
GuruFocus considers Asia Commercial Holdings to be Fairly Valued.
Key valuation signals for HKSE:00104:
Days Payable: 52.37 (62% above median its 10-year median of 32.27)
GF Value™: HK$0.22 vs. price of HK$0.24 (9.5% above fair value)
Industry Position: 2.1% above the Retail - Cyclical median (#496 of 1107)
No single metric tells the full story. See the HKSE:00104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments: Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. Geographically, the group generates maximum revenue from Mainland China, followed by Hong Kong, Switzerland, and the United Kingdom.
38GF Score
Get the complete analysis for HKSE:00104
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00104 has been successfully added to your 
