Majestic Dragon AeroTech Holdings (HKSE:00918) Days Payable: 500.46 (As of Mar. 2026) — 320% Above Median

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HKSE:00918 Majestic Dragon AeroTech Holdings Ltd HKSE:00918
39 GF Score
Price HK$2.35
GF Value HK$0.30
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Majestic Dragon AeroTech Holdings Days Payable?

Majestic Dragon AeroTech Holdings HKSE:00918 +12.20% 39 Days Payable is 500.46 as of Mar. 2026, which is 320% above its 10-year median of 119.09. GuruFocus rates HKSE:00918 with a GF Score™ of 39/100 and a GF Value™ of HK$0.30 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Majestic Dragon AeroTech Holdings ranks better than 95.09% on this metric.

Majestic Dragon AeroTech Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$59.6 Mil. Majestic Dragon AeroTech Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$21.7 Mil. Hence, Majestic Dragon AeroTech Holdings's Days Payable for the six months ended in Mar. 2026 was 500.46.

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

HKSE:00918' s Days Payable Range Over the Past 10 Years
Min: 5.76   Med: 119.09   Max: 292.42
Current: 292.42

During the past 13 years, Majestic Dragon AeroTech Holdings's highest Days Payable was 292.42. The lowest was 5.76. And the median was 119.09.

HKSE:00918's Days Payable is ranked better than
95.09% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.91 vs HKSE:00918: 292.42

Majestic Dragon AeroTech Holdings's Days Payable increased from Mar. 2025 (96.65) to Mar. 2026 (500.46). It may suggest that Majestic Dragon AeroTech Holdings delayed paying its suppliers.


Majestic Dragon AeroTech Holdings Days Payable Related Terms


Majestic Dragon AeroTech Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Majestic Dragon AeroTech 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.

Majestic Dragon AeroTech Holdings Days Payable Chart

Majestic Dragon AeroTech 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 169.03 228.39 153.36 171.92 273.76

Majestic Dragon AeroTech 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 112.20 557.62 96.65 212.70 500.46

HKSE:00918 vs RL, LEVI, VFC: Days Payable Comparison

For the Apparel Manufacturing subindustry, Majestic Dragon AeroTech 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.


Majestic Dragon AeroTech Holdings Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Majestic Dragon AeroTech Holdings's Days Payable falls into.


HKSE:00918
39GF Score
Majestic Dragon AeroTech Holdings Ltd HKSE:00918
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Majestic Dragon AeroTech 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.

Majestic Dragon AeroTech 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
=( (49.562 + 55.705) / 2 ) / 70.176*365
=52.6335 / 70.176*365
=273.76

Majestic Dragon AeroTech 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
=( (63.396 + 55.705) / 2 ) / 21.716*365 / 2
=59.5505 / 21.716*365 / 2
=500.46

* 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 500.46 mean?
Majestic Dragon AeroTech Holdings (HKSE:00918) has a Days Payable of 500.46 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 Majestic Dragon AeroTech Holdings and its competitors. This is 320% above median its historical median of 119.09. Over the past decade, Majestic Dragon AeroTech Holdings' Days Payable has ranged from 5.76 to 292.42. According to the industry distribution chart, Majestic Dragon AeroTech Holdings ranks #50 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 4.9%.
Is Majestic Dragon AeroTech Holdings' Days Payable too high?
Majestic Dragon AeroTech Holdings' current Days Payable of 500.46 is 320% above median its 10-year median of 119.09. Over the past 10 years, this metric has ranged from a low of 5.76 to a high of 292.42. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.91. Majestic Dragon AeroTech Holdings' value of 500.46 is 828.3% above this industry median. Based on the distribution chart, Majestic Dragon AeroTech Holdings ranks #50 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Majestic Dragon AeroTech Holdings has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Majestic Dragon AeroTech Holdings' Days Payable compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Majestic Dragon AeroTech Holdings ranks #50 out of 1018 companies for Days Payable. This places Majestic Dragon AeroTech Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.91. Majestic Dragon AeroTech Holdings' value of 500.46 is 828.3% above this benchmark. Historically, Majestic Dragon AeroTech Holdings' own Days Payable has ranged from 5.76 to 292.42 over the past decade. While the company's 10-year median is 119.09 vs. the industry median of 53.91, Majestic Dragon AeroTech 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.91, based on 1,018 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. Majestic Dragon AeroTech Holdings's current Days Payable of 500.46 is 828.3% 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 Majestic Dragon AeroTech Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Majestic Dragon AeroTech Holdings's current Days Payable is 500.46, which is 320% above median its own 10-year median of 119.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majestic Dragon AeroTech Holdings stock overvalued right now?
Based on GuruFocus' analysis, Majestic Dragon AeroTech Holdings (HKSE:00918) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.30, compared to a current price of HK$2.35 — trading 681.7% above its estimated fair value. The current Days Payable is 500.46, which is 320% above median its 10-year median of 119.09 and 828.3% above the Manufacturing - Apparel & Accessories industry median of 53.91. Majestic Dragon AeroTech Holdings' overall GF Score™ is 39/100 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 Majestic Dragon AeroTech Holdings (HKSE:00918), the current Days Payable is 500.46 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 Majestic Dragon AeroTech Holdings (HKSE:00918) Overvalued in 2026?

Based on GuruFocus' analysis, Majestic Dragon AeroTech Holdings stock appears to be overvalued. The current stock price of HK$2.35 is trading 681.7% above its estimated GF Value™ of HK$0.30. GuruFocus considers Majestic Dragon AeroTech Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:00918:

  • Days Payable: 500.46 (320% above median its 10-year median of 119.09)
  • GF Value™: HK$0.30 vs. price of HK$2.35 (681.7% above fair value)
  • GF Score™: 39/100 with 6 warning signs
  • Industry Position: 828.3% above the Manufacturing - Apparel & Accessories median (#50 of 1018)

No single metric tells the full story. See the HKSE:00918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Majestic Dragon AeroTech Holdings Business Description

Address 1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG
Majestic Dragon AeroTech Holdings Ltd along with its subsidiaries, is principally engaged in the wholesale of consumer products including timepieces and accessories, garment and sportswear products, property investment, and provision of marketing services. Its segment includes Wholesale business, Property investment, and Unmanned aerial vehicles business. Maximum revenue is generated from the Wholesale Business. Geographically, the company derives key revenue from Mainland China followed by the Middle East, Hong Kong, Africa and Taiwan.
39GF Score

Get the complete analysis for HKSE:00918

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

HK$2.35
Price
HK$0.30
GF Value