Hanfort Development Holdings (HKSE:00361) Days Payable: 59.31 (As of Dec. 2025) — Near 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.

What is Hanfort Development Holdings Days Payable?

Hanfort Development Holdings HKSE:00361 Days Payable is 59.31 as of Dec. 2025, which is 1% below its 10-year median of 59.75. The stock has 5 warning signs investors should review. Among 779 Travel & Leisure companies, Hanfort Development Holdings ranks better than 52.76% on this metric.

Hanfort Development Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$24.0 Mil. Hanfort Development Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$73.8 Mil. Hence, Hanfort Development Holdings's Days Payable for the six months ended in Dec. 2025 was 59.31.

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

HKSE:00361' s Days Payable Range Over the Past 10 Years
Min: 42.91   Med: 59.75   Max: 100.24
Current: 53.81

During the past 13 years, Hanfort Development Holdings's highest Days Payable was 100.24. The lowest was 42.91. And the median was 59.75.

HKSE:00361's Days Payable is ranked better than
52.76% of 779 companies
in the Travel & Leisure industry
Industry Median: 56.41 vs HKSE:00361: 53.81

Hanfort Development Holdings's Days Payable increased from Dec. 2024 (45.33) to Dec. 2025 (59.31). It may suggest that Hanfort Development Holdings delayed paying its suppliers.


Hanfort Development Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hanfort Development 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.

Hanfort Development Holdings Days Payable Chart

Hanfort Development 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 65.47 47.77 55.45 42.91 72.02

Hanfort Development Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 40.67 45.33 54.45 59.31 54.10

HKSE:00361 vs AS, HAS, LTH: Days Payable Comparison

For the Leisure subindustry, Hanfort Development 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.


Hanfort Development Holdings Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hanfort Development Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hanfort Development Holdings's Days Payable falls into.



Hanfort Development 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.

Hanfort Development 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
=( (23.991 + 31.711) / 2 ) / 141.148*365
=27.851 / 141.148*365
=72.02

Hanfort Development 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
=( (16.223 + 31.711) / 2 ) / 73.753*365 / 2
=23.967 / 73.753*365 / 2
=59.31

* 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 59.31 mean?
Hanfort Development Holdings (HKSE:00361) has a Days Payable of 59.31 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 Hanfort Development Holdings and its competitors. This is near median its historical median of 59.75. Over the past decade, Hanfort Development Holdings' Days Payable has ranged from 42.91 to 100.24. According to the industry distribution chart, Hanfort Development Holdings ranks #368 out of 779 companies in the Travel & Leisure industry, placing it in the top 47.2%.
Is Hanfort Development Holdings' Days Payable too high?
Hanfort Development Holdings' current Days Payable of 59.31 is near median its 10-year median of 59.75. Over the past 10 years, this metric has ranged from a low of 42.91 to a high of 100.24. The Travel & Leisure industry median Days Payable is 56.41. Hanfort Development Holdings' value of 59.31 is 5.1% above this industry median. Based on the distribution chart, Hanfort Development Holdings ranks #368 out of 779 companies in the Travel & Leisure industry, which is above the industry midpoint.
How does Hanfort Development Holdings' Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Hanfort Development Holdings ranks #368 out of 779 companies for Days Payable. This puts Hanfort Development Holdings in the upper half of its industry. The industry median Days Payable is 56.41. Hanfort Development Holdings' value of 59.31 is 5.1% above this benchmark. Historically, Hanfort Development Holdings' own Days Payable has ranged from 42.91 to 100.24 over the past decade. While the company's 10-year median is 59.75 vs. the industry median of 56.41, Hanfort Development 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.41, based on 779 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. Hanfort Development Holdings's current Days Payable of 59.31 is 5.1% 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 Hanfort Development Holdings and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanfort Development Holdings's current Days Payable is 59.31, which is near median its own 10-year median of 59.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanfort Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hanfort Development Holdings (HKSE:00361) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.04 — trading 30% above its estimated fair value. The current Days Payable is 59.31, which is near median its 10-year median of 59.75 and 5.1% above the Travel & Leisure industry median of 56.41. 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 Hanfort Development Holdings (HKSE:00361), the current Days Payable is 59.31 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.

Hanfort Development Holdings Business Description

Address Unit K, 1 On Kwan Street, Kings Wing Plaza 2, 20th Floor, Shek Mun, Shatin, N.T, Hong Kong, HKG
Hanfort Development Holdings Ltd is principally engaged in the manufacturing and trading of golf equipment, golf bags, other accessories, related components and parts; and the development of an integrated resort, the Commonwealth of the Northern Mariana Islands (the CNMI). The company has three segments: Golf equipment, Golf bags, and Hospitality. Golf equipment: Manufacture and sales of golf equipment and related components and parts. Golf bags: Trading of golf bags, other accessories, and related components and parts. Hospitality: Development of an integrated resort in CNMI. The majority of its revenue is generated from the Golf equipment segment. Geographically, the company operates in North America, Japan, Europe, Asia (excluding Japan), and other locations.