Alpha Professional Holdings (HKSE:00948) Days Payable: 64.55 (As of Mar. 2026) — 37% Above 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.

HKSE:00948 Alpha Professional Holdings Ltd HKSE:00948
35 GF Score
Price HK$0.21
GF Value HK$0.39
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Alpha Professional Holdings Days Payable?

Alpha Professional Holdings HKSE:00948 35 Days Payable is 64.55 as of Mar. 2026, which is 37% above its 10-year median of 47.23. GuruFocus rates HKSE:00948 with a GF Score™ of 35/100 and a GF Value™ of HK$0.39 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,893 Consumer Packaged Goods companies, Alpha Professional Holdings ranks better than 84.84% on this metric.

Alpha Professional Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$27.9 Mil. Alpha Professional Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$79.0 Mil. Hence, Alpha Professional Holdings's Days Payable for the six months ended in Mar. 2026 was 64.55.

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

HKSE:00948' s Days Payable Range Over the Past 10 Years
Min: 18.64   Med: 47.23   Max: 314.89
Current: 105.84

During the past 13 years, Alpha Professional Holdings's highest Days Payable was 314.89. The lowest was 18.64. And the median was 47.23.

HKSE:00948's Days Payable is ranked better than
84.84% of 1893 companies
in the Consumer Packaged Goods industry
Industry Median: 43.93 vs HKSE:00948: 105.84

Alpha Professional Holdings's Days Payable declined from Mar. 2025 (297.84) to Mar. 2026 (64.55). It may suggest that Alpha Professional Holdings accelerated paying its suppliers.


Alpha Professional Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Alpha Professional 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.

Alpha Professional Holdings Days Payable Chart

Alpha Professional 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 43.20 35.40 115.94 314.89 102.98

Alpha Professional 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 0.00 401.14 297.84 292.67 64.55

HKSE:00948 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Alpha Professional 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.


Alpha Professional Holdings Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Alpha Professional Holdings's Days Payable distribution charts can be found below:

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


HKSE:00948
35GF Score
Alpha Professional Holdings Ltd HKSE:00948
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpha Professional 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.

Alpha Professional 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
=( (28.68 + 26.182) / 2 ) / 97.222*365
=27.431 / 97.222*365
=102.98

Alpha Professional 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
=( (29.713 + 26.182) / 2 ) / 79.016*365 / 2
=27.9475 / 79.016*365 / 2
=64.55

* 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 64.55 mean?
Alpha Professional Holdings (HKSE:00948) has a Days Payable of 64.55 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 Alpha Professional Holdings and its competitors. This is 37% above median its historical median of 47.23. Over the past decade, Alpha Professional Holdings' Days Payable has ranged from 18.64 to 314.89. According to the industry distribution chart, Alpha Professional Holdings ranks #287 out of 1893 companies in the Consumer Packaged Goods industry, placing it in the top 15.2%.
Is Alpha Professional Holdings' Days Payable too high?
Alpha Professional Holdings' current Days Payable of 64.55 is 37% above median its 10-year median of 47.23. Over the past 10 years, this metric has ranged from a low of 18.64 to a high of 314.89. The Consumer Packaged Goods industry median Days Payable is 43.93. Alpha Professional Holdings' value of 64.55 is 46.9% above this industry median. Based on the distribution chart, Alpha Professional Holdings ranks #287 out of 1893 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Alpha Professional Holdings has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alpha Professional Holdings' Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Alpha Professional Holdings ranks #287 out of 1893 companies for Days Payable. This places Alpha Professional Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 43.93. Alpha Professional Holdings' value of 64.55 is 46.9% above this benchmark. Historically, Alpha Professional Holdings' own Days Payable has ranged from 18.64 to 314.89 over the past decade. While the company's 10-year median is 47.23 vs. the industry median of 43.93, Alpha Professional 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.93, based on 1,893 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. Alpha Professional Holdings's current Days Payable of 64.55 is 46.9% 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 Alpha Professional Holdings and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Professional Holdings's current Days Payable is 64.55, which is 37% above median its own 10-year median of 47.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Professional Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alpha Professional Holdings (HKSE:00948) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.39, compared to a current price of HK$0.21 — trading 46.9% below its estimated fair value. The current Days Payable is 64.55, which is 37% above median its 10-year median of 47.23 and 46.9% above the Consumer Packaged Goods industry median of 43.93. Alpha Professional Holdings' overall GF Score™ is 35/100 with 7 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 Alpha Professional Holdings (HKSE:00948), the current Days Payable is 64.55 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 Alpha Professional Holdings (HKSE:00948) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Professional Holdings stock appears to be undervalued. The current stock price of HK$0.21 is trading 46.9% below its estimated GF Value™ of HK$0.39. GuruFocus considers Alpha Professional Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00948:

  • Days Payable: 64.55 (37% above median its 10-year median of 47.23)
  • GF Value™: HK$0.39 vs. price of HK$0.21 (46.9% below fair value)
  • GF Score™: 35/100 with 7 warning signs
  • Industry Position: 46.9% above the Consumer Packaged Goods median (#287 of 1893)

No single metric tells the full story. See the HKSE:00948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alpha Professional Holdings Business Description

Address 138 Gloucester Road, Room 1902, 19th Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Alpha Professional Holdings Ltd is an investment holding company. The activities of the Group are the trading of milk powder and baby foods, provision of warehouse logistics services and property investment. The company's operating segment includes Logistics Business, Property Investment and Milk Products Business. The Logistics Business derives revenue from the provision of warehouse services. The Milk Products Business segment is engaged in the sale of milk powder and baby foods. The Property Investment derives revenue from rental income arising from the lease of a property. It generates maximum revenue from the Logistics Business.
35GF Score

Get the complete analysis for HKSE:00948

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

HK$0.21
Price
HK$0.39
GF Value