Starlite Holdings (HKSE:00403) Days Payable: 56.77 (As of Mar. 2026) — 25% Above Median

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HKSE:00403 Starlite Holdings Ltd HKSE:00403
30 GF Score
Price HK$0.19
GF Value HK$0.17
Valuation Fairly Valued
! 6 Warning Signs
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What is Starlite Holdings Days Payable?

Starlite Holdings HKSE:00403 -2.63% 30 Days Payable is 56.77 as of Mar. 2026, which is 25% above its 10-year median of 45.49. GuruFocus rates HKSE:00403 with a GF Score™ of 30/100 and a GF Value™ of HK$0.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 386 Packaging & Containers companies, Starlite Holdings ranks worse than 61.66% on this metric.

Starlite Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$99.3 Mil. Starlite Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$319.1 Mil. Hence, Starlite Holdings's Days Payable for the six months ended in Mar. 2026 was 56.77.

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

HKSE:00403' s Days Payable Range Over the Past 10 Years
Min: 38.7   Med: 45.49   Max: 61.37
Current: 47.09

During the past 13 years, Starlite Holdings's highest Days Payable was 61.37. The lowest was 38.70. And the median was 45.49.

HKSE:00403's Days Payable is ranked worse than
61.66% of 386 companies
in the Packaging & Containers industry
Industry Median: 57.8 vs HKSE:00403: 47.09

Starlite Holdings's Days Payable increased from Mar. 2025 (51.05) to Mar. 2026 (56.77). It may suggest that Starlite Holdings delayed paying its suppliers.


Starlite Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Starlite 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.

Starlite Holdings Days Payable Chart

Starlite 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 45.45 46.52 50.64 38.70 43.05

Starlite 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 58.61 46.17 51.05 42.62 56.77

HKSE:00403 vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Starlite 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.


Starlite Holdings Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starlite Holdings's Days Payable distribution charts can be found below:

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


HKSE:00403
30GF Score
Starlite Holdings Ltd HKSE:00403
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Starlite 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.

Starlite 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
=( (70.842 + 93.345) / 2 ) / 695.969*365
=82.0935 / 695.969*365
=43.05

Starlite 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
=( (105.173 + 93.345) / 2 ) / 319.1*365 / 2
=99.259 / 319.1*365 / 2
=56.77

* 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 56.77 mean?
Starlite Holdings (HKSE:00403) has a Days Payable of 56.77 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 Starlite Holdings and its competitors. This is 25% above median its historical median of 45.49. Over the past decade, Starlite Holdings' Days Payable has ranged from 38.70 to 61.37. According to the industry distribution chart, Starlite Holdings ranks #238 out of 386 companies in the Packaging & Containers industry, placing it in the top 61.7%.
Is Starlite Holdings' Days Payable too high?
Starlite Holdings' current Days Payable of 56.77 is 25% above median its 10-year median of 45.49. Over the past 10 years, this metric has ranged from a low of 38.70 to a high of 61.37. The Packaging & Containers industry median Days Payable is 57.80. Starlite Holdings' value of 56.77 is 1.8% below this industry median. Based on the distribution chart, Starlite Holdings ranks #238 out of 386 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Starlite Holdings has a GF Score™ of 30/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Starlite Holdings' Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Starlite Holdings ranks #238 out of 386 companies for Days Payable. This places Starlite Holdings in the lower half of its industry. The industry median Days Payable is 57.80. Starlite Holdings' value of 56.77 is 1.8% below this benchmark. Historically, Starlite Holdings' own Days Payable has ranged from 38.70 to 61.37 over the past decade. While the company's 10-year median is 45.49 vs. the industry median of 57.80, Starlite 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.80, based on 386 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. Starlite Holdings's current Days Payable of 56.77 is 1.8% 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 Starlite Holdings and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlite Holdings's current Days Payable is 56.77, which is 25% above median its own 10-year median of 45.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlite Holdings stock overvalued right now?
Based on GuruFocus' analysis, Starlite Holdings (HKSE:00403) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.19 — trading 8.8% above its estimated fair value. The current Days Payable is 56.77, which is 25% above median its 10-year median of 45.49 and 1.8% below the Packaging & Containers industry median of 57.80. Starlite Holdings' overall GF Score™ is 30/100 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 Starlite Holdings (HKSE:00403), the current Days Payable is 56.77 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 Starlite Holdings (HKSE:00403) Overvalued in 2026?

Based on GuruFocus' analysis, Starlite Holdings stock appears to be overvalued. The current stock price of HK$0.19 is trading 8.8% above its estimated GF Value™ of HK$0.17. GuruFocus considers Starlite Holdings to be Fairly Valued.

Key valuation signals for HKSE:00403:

  • Days Payable: 56.77 (25% above median its 10-year median of 45.49)
  • GF Value™: HK$0.17 vs. price of HK$0.19 (8.8% above fair value)
  • GF Score™: 30/100 with 6 warning signs
  • Industry Position: 1.8% below the Packaging & Containers median (#238 of 386)

No single metric tells the full story. See the HKSE:00403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starlite Holdings Business Description

Address 31 Tai Yau Street, 3rd Floor, Perfect Industrial Building, Sanpokong, Kowloon, Hong Kong, HKG
Starlite Holdings Ltd is an investment holding company engaged in the printing and manufacturing of packaging materials, labels, and paper products, including environmental-friendly paper products. The group considers business segments from a geographical perspective being the location of factory plants including Southern China, Eastern China, and South East Asia, of which a majority of revenue is derived from Southern China.
30GF Score

Get the complete analysis for HKSE:00403

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

HK$0.19
Price
HK$0.17
GF Value