National Electronics Holdings (HKSE:00213) Days Payable: 2.30 (As of Mar. 2026) — 94% Below Median

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HKSE:00213 National Electronics Holdings Ltd HKSE:00213
49 GF Score
Price HK$0.34
! 6 Warning Signs
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What is National Electronics Holdings Days Payable?

National Electronics Holdings HKSE:00213 49 Days Payable is 2.30 as of Mar. 2026, which is 94% below its 10-year median of 38.74. GuruFocus rates HKSE:00213 with a GF Score™ of 49/100. The stock has 6 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, National Electronics Holdings ranks worse than 97.74% on this metric.

National Electronics Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$45 Mil. National Electronics Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$3,583 Mil. Hence, National Electronics Holdings's Days Payable for the six months ended in Mar. 2026 was 2.30.

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

HKSE:00213' s Days Payable Range Over the Past 10 Years
Min: 4.11   Med: 38.74   Max: 62.4
Current: 4.45

During the past 13 years, National Electronics Holdings's highest Days Payable was 62.40. The lowest was 4.11. And the median was 38.74.

HKSE:00213's Days Payable is ranked worse than
97.74% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.135 vs HKSE:00213: 4.45

National Electronics Holdings's Days Payable declined from Mar. 2025 (53.31) to Mar. 2026 (2.30). It may suggest that National Electronics Holdings accelerated paying its suppliers.


National Electronics Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for National Electronics 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.

National Electronics Holdings Days Payable Chart

National Electronics Holdings 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 39.23 45.26 22.86 37.50 4.11

National Electronics Holdings 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 31.75 40.56 53.31 42.47 2.30

HKSE:00213 vs NKE, DECK, ONON: Days Payable Comparison

For the Footwear & Accessories subindustry, National Electronics 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.


National Electronics Holdings Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where National Electronics Holdings's Days Payable falls into.


HKSE:00213
49GF Score
National Electronics Holdings Ltd HKSE:00213
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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National Electronics 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.

National Electronics Holdings'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
=( (48.816 + 36.858) / 2 ) / 3802.973*365
=42.837 / 3802.973*365
=4.11

National Electronics Holdings'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
=( (53.463 + 36.858) / 2 ) / 3583.23*365 / 2
=45.1605 / 3583.23*365 / 2
=2.30

* 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 2.30 mean?
National Electronics Holdings (HKSE:00213) has a Days Payable of 2.30 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 National Electronics Holdings and its competitors. This is 94% below median its historical median of 38.74. Over the past decade, National Electronics Holdings' Days Payable has ranged from 4.11 to 62.40. According to the industry distribution chart, National Electronics Holdings ranks #993 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.7%.
Is National Electronics Holdings' Days Payable too high?
National Electronics Holdings' current Days Payable of 2.30 is 94% below median its 10-year median of 38.74. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 62.40. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.14. National Electronics Holdings' value of 2.30 is 95.8% below this industry median. Based on the distribution chart, National Electronics Holdings ranks #993 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, National Electronics Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does National Electronics Holdings' Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, National Electronics Holdings ranks #993 out of 1016 companies for Days Payable. This places National Electronics Holdings in the lower half of its industry. The industry median Days Payable is 54.14. National Electronics Holdings' value of 2.30 is 95.8% below this benchmark. Historically, National Electronics Holdings' own Days Payable has ranged from 4.11 to 62.40 over the past decade. While the company's 10-year median is 38.74 vs. the industry median of 54.14, National Electronics 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 54.14, based on 1,016 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. National Electronics Holdings's current Days Payable of 2.30 is 95.8% 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 National Electronics Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Electronics Holdings's current Days Payable is 2.30, which is 94% below median its own 10-year median of 38.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Electronics Holdings stock overvalued right now?
National Electronics Holdings (HKSE:00213) has a current Days Payable of 2.30. The current Days Payable is 2.30, which is 94% below median its 10-year median of 38.74 and 95.8% below the Manufacturing - Apparel & Accessories industry median of 54.14. National Electronics Holdings' overall GF Score™ is 49/100 with 6 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 National Electronics Holdings (HKSE:00213), the current Days Payable is 2.30 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.

National Electronics Holdings Business Description

Address 10 Chater Road, Suite 1218, Prince’s Building, Central, Hong Kong, HKG
National Electronics Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the manufacture, assembly, and sale of electronic watches and watch parts, trading of watch movements and watch parts, and property development and investment. The group's reportable and operating segments are: Manufacture of watches and trading of watch movements, which generate maximum revenue; Residential and other property development and investment; and Commercial property investment. Geographically, the group generates maximum revenue from Hong Kong and the PRC, followed by Europe, North America, and other regions.
49GF Score

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