Hing Lee (HK) Holdings (HKSE:00396) Days Payable: 76.64 (As of Dec. 2025) — 24% Below Median

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HKSE:00396 Hing Lee (HK) Holdings Ltd HKSE:00396
33 GF Score
Price HK$0.34
GF Value HK$0.06
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hing Lee (HK) Holdings Days Payable?

Hing Lee (HK) Holdings HKSE:00396 +1.49% 33 Days Payable is 76.64 as of Dec. 2025, which is 24% below its 10-year median of 100.86. GuruFocus rates HKSE:00396 with a GF Score™ of 33/100 and a GF Value™ of HK$0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Hing Lee (HK) Holdings ranks worse than 67.55% on this metric.

Hing Lee (HK) Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$9.23 Mil. Hing Lee (HK) Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$21.99 Mil. Hence, Hing Lee (HK) Holdings's Days Payable for the six months ended in Dec. 2025 was 76.64.

The historical rank and industry rank for Hing Lee (HK) Holdings's Days Payable or its related term are showing as below:

HKSE:00396' s Days Payable Range Over the Past 10 Years
Min: 32.01   Med: 100.86   Max: 204.3
Current: 46.77

During the past 13 years, Hing Lee (HK) Holdings's highest Days Payable was 204.30. The lowest was 32.01. And the median was 100.86.

HKSE:00396's Days Payable is ranked worse than
67.55% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.03 vs HKSE:00396: 46.77

Hing Lee (HK) Holdings's Days Payable increased from Dec. 2024 (30.31) to Dec. 2025 (76.64). It may suggest that Hing Lee (HK) Holdings delayed paying its suppliers.


Hing Lee (HK) Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hing Lee (HK) 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.

Hing Lee (HK) Holdings Days Payable Chart

Hing Lee (HK) 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 101.35 114.53 51.49 32.01 48.34

Hing Lee (HK) 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 45.96 31.04 30.31 31.02 76.64

HKSE:00396 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.


Hing Lee (HK) Holdings Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Days Payable falls into.


HKSE:00396
33GF Score
Hing Lee (HK) Holdings Ltd HKSE:00396
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hing Lee (HK) 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.

Hing Lee (HK) 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
=( (7.304 + 10.454) / 2 ) / 67.039*365
=8.879 / 67.039*365
=48.34

Hing Lee (HK) 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
=( (8.013 + 10.454) / 2 ) / 21.988*365 / 2
=9.2335 / 21.988*365 / 2
=76.64

* 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 76.64 mean?
Hing Lee (HK) Holdings (HKSE:00396) has a Days Payable of 76.64 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 Hing Lee (HK) Holdings and its competitors. This is 24% below median its historical median of 100.86. Over the past decade, Hing Lee (HK) Holdings' Days Payable has ranged from 32.01 to 204.30. According to the industry distribution chart, Hing Lee (HK) Holdings ranks #281 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 67.5%.
Is Hing Lee (HK) Holdings' Days Payable too high?
Hing Lee (HK) Holdings' current Days Payable of 76.64 is 24% below median its 10-year median of 100.86. Over the past 10 years, this metric has ranged from a low of 32.01 to a high of 204.30. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.03. Hing Lee (HK) Holdings' value of 76.64 is 21.6% above this industry median. Based on the distribution chart, Hing Lee (HK) Holdings ranks #281 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Hing Lee (HK) Holdings has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hing Lee (HK) Holdings' Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Hing Lee (HK) Holdings ranks #281 out of 416 companies for Days Payable. This places Hing Lee (HK) Holdings in the lower half of its industry. The industry median Days Payable is 63.03. Hing Lee (HK) Holdings' value of 76.64 is 21.6% above this benchmark. Historically, Hing Lee (HK) Holdings' own Days Payable has ranged from 32.01 to 204.30 over the past decade. While the company's 10-year median is 100.86 vs. the industry median of 63.03, Hing Lee (HK) 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.03, based on 416 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. Hing Lee (HK) Holdings's current Days Payable of 76.64 is 21.6% 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 Hing Lee (HK) Holdings and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hing Lee (HK) Holdings's current Days Payable is 76.64, which is 24% below median its own 10-year median of 100.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hing Lee (HK) Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hing Lee (HK) Holdings (HKSE:00396) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.34 — trading 466.7% above its estimated fair value. The current Days Payable is 76.64, which is 24% below median its 10-year median of 100.86 and 21.6% above the Furnishings, Fixtures & Appliances industry median of 63.03. Hing Lee (HK) Holdings' overall GF Score™ is 33/100 with 3 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 Hing Lee (HK) Holdings (HKSE:00396), the current Days Payable is 76.64 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 Hing Lee (HK) Holdings (HKSE:00396) Overvalued in 2026?

Based on GuruFocus' analysis, Hing Lee (HK) Holdings stock appears to be overvalued. The current stock price of HK$0.34 is trading 466.7% above its estimated GF Value™ of HK$0.06. GuruFocus considers Hing Lee (HK) Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:00396:

  • Days Payable: 76.64 (24% below median its 10-year median of 100.86)
  • GF Value™: HK$0.06 vs. price of HK$0.34 (466.7% above fair value)
  • GF Score™: 33/100 with 3 warning signs
  • Industry Position: 21.6% above the Furnishings, Fixtures & Appliances median (#281 of 416)

No single metric tells the full story. See the HKSE:00396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hing Lee (HK) Holdings Business Description

Address 3 On Yiu Street, Unit 1101, 11th Floor, Delta House, Shatin, New Territories, Hong Kong, HKG
Hing Lee (HK) Holdings Ltd is an investment holding company. Through its subsidiaries, it is mainly engaged in furniture design and the integration of the manufacturing and wholesale furniture business. The Group owns Mogou, Johnston, Oriant, and other brands, providing a full range of residential furniture products, including mattress products for the bedroom, living room, dining room, and home office use. Additionally, the Group offers general business consultancy services; provides promotional services relating to layout design, fitting, and display of products; and engages in licensing of its own brands and product designs. Geographically, it generates maximum revenue from Asia (excluding the PRC), and the rest from the United States, Europe, the PRC, Australia, and Africa.
33GF Score

Get the complete analysis for HKSE:00396

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

HK$0.34
Price
HK$0.06
GF Value