Golden Resources Development International (HKSE:00677) Days Payable: 45.61 (As of Mar. 2026) — 32% Above Median

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HKSE:00677 Golden Resources Development International Ltd HKSE:00677
55 GF Score
Price HK$0.35
GF Value HK$0.41
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Golden Resources Development International Days Payable?

Golden Resources Development International HKSE:00677 55 Days Payable is 45.61 as of Mar. 2026, which is 32% above its 10-year median of 34.62. GuruFocus rates HKSE:00677 with a GF Score™ of 55/100 and a GF Value™ of HK$0.41 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 304 Retail - Defensive companies, Golden Resources Development International ranks better than 50.99% on this metric.

Golden Resources Development International's average Accounts Payable for the six months ended in Mar. 2026 was HK$161 Mil. Golden Resources Development International's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$645 Mil. Hence, Golden Resources Development International's Days Payable for the six months ended in Mar. 2026 was 45.61.

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

HKSE:00677' s Days Payable Range Over the Past 10 Years
Min: 20.62   Med: 34.62   Max: 44.05
Current: 44.05

During the past 13 years, Golden Resources Development International's highest Days Payable was 44.05. The lowest was 20.62. And the median was 34.62.

HKSE:00677's Days Payable is ranked better than
50.99% of 304 companies
in the Retail - Defensive industry
Industry Median: 43.02 vs HKSE:00677: 44.05

Golden Resources Development International's Days Payable increased from Mar. 2025 (40.85) to Mar. 2026 (45.61). It may suggest that Golden Resources Development International delayed paying its suppliers.


Golden Resources Development International Days Payable Related Terms


Golden Resources Development International Days Payable Historical Data

* Premium members only.

The historical data trend for Golden Resources Development International'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.

Golden Resources Development International Days Payable Chart

Golden Resources Development International 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 36.59 35.58 35.30 38.52 42.04

Golden Resources Development International 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 38.39 37.86 40.85 44.51 45.61

HKSE:00677 vs SYY, USFD, PFGC: Days Payable Comparison

For the Food Distribution subindustry, Golden Resources Development International'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.


Golden Resources Development International Days Payable vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Golden Resources Development International's Days Payable distribution charts can be found below:

* The bar in red indicates where Golden Resources Development International's Days Payable falls into.


HKSE:00677
55GF Score
Golden Resources Development International Ltd HKSE:00677
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Resources Development International 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.

Golden Resources Development International'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
=( (145.099 + 152.322) / 2 ) / 1291.054*365
=148.7105 / 1291.054*365
=42.04

Golden Resources Development International'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
=( (170.051 + 152.322) / 2 ) / 644.961*365 / 2
=161.1865 / 644.961*365 / 2
=45.61

* 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 45.61 mean?
Golden Resources Development International (HKSE:00677) has a Days Payable of 45.61 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 Golden Resources Development International and its competitors. This is 32% above median its historical median of 34.62. Over the past decade, Golden Resources Development International's Days Payable has ranged from 20.62 to 44.05. According to the industry distribution chart, Golden Resources Development International ranks #149 out of 304 companies in the Retail - Defensive industry, placing it in the top 49%.
Is Golden Resources Development International's Days Payable too high?
Golden Resources Development International's current Days Payable of 45.61 is 32% above median its 10-year median of 34.62. Over the past 10 years, this metric has ranged from a low of 20.62 to a high of 44.05. The Retail - Defensive industry median Days Payable is 43.02. Golden Resources Development International's value of 45.61 is 6% above this industry median. Based on the distribution chart, Golden Resources Development International ranks #149 out of 304 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Golden Resources Development International has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Resources Development International's Days Payable compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Golden Resources Development International ranks #149 out of 304 companies for Days Payable. This puts Golden Resources Development International in the upper half of its industry. The industry median Days Payable is 43.02. Golden Resources Development International's value of 45.61 is 6% above this benchmark. Historically, Golden Resources Development International's own Days Payable has ranged from 20.62 to 44.05 over the past decade. While the company's 10-year median is 34.62 vs. the industry median of 43.02, Golden Resources Development International 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 - Defensive company?
The median Days Payable among Retail - Defensive companies is 43.02, based on 304 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. Golden Resources Development International's current Days Payable of 45.61 is 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 Golden Resources Development International and its competitors. For the Retail - Defensive industry, the median Days Payable is 43.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Resources Development International's current Days Payable is 45.61, which is 32% above median its own 10-year median of 34.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Resources Development International stock overvalued right now?
Based on GuruFocus' analysis, Golden Resources Development International (HKSE:00677) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.41, compared to a current price of HK$0.35 — trading 14.6% below its estimated fair value. The current Days Payable is 45.61, which is 32% above median its 10-year median of 34.62 and 6% above the Retail - Defensive industry median of 43.02. Golden Resources Development International's overall GF Score™ is 55/100 with 8 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 Golden Resources Development International (HKSE:00677), the current Days Payable is 45.61 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 Golden Resources Development International (HKSE:00677) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Resources Development International stock appears to be undervalued. The current stock price of HK$0.35 is trading 14.6% below its estimated GF Value™ of HK$0.41. GuruFocus considers Golden Resources Development International to be Modestly Undervalued.

Key valuation signals for HKSE:00677:

  • Days Payable: 45.61 (32% above median its 10-year median of 34.62)
  • GF Value™: HK$0.41 vs. price of HK$0.35 (14.6% below fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 6% above the Retail - Defensive median (#149 of 304)

No single metric tells the full story. See the HKSE:00677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Resources Development International Business Description

Address No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG
Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.
55GF Score

Get the complete analysis for HKSE:00677

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

HK$0.35
Price
HK$0.41
GF Value