China-Hongkong Photo Products Holdings (HKSE:01123) Days Payable: 27.96 (As of Mar. 2026) — Near Median

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HKSE:01123 China-Hongkong Photo Products Holdings Ltd HKSE:01123
47 GF Score
Price HK$0.14
GF Value HK$0.12
Valuation Modestly Overvalued
! 8 Warning Signs
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What is China-Hongkong Photo Products Holdings Days Payable?

China-Hongkong Photo Products Holdings HKSE:01123 -0.71% 47 Days Payable is 27.96 as of Mar. 2026, which is 7% above its 10-year median of 26.23. GuruFocus rates HKSE:01123 with a GF Score™ of 47/100 and a GF Value™ of HK$0.12 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 780 Travel & Leisure companies, China-Hongkong Photo Products Holdings ranks worse than 75.77% on this metric.

China-Hongkong Photo Products Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$56.1 Mil. China-Hongkong Photo Products Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$366.2 Mil. Hence, China-Hongkong Photo Products Holdings's Days Payable for the six months ended in Mar. 2026 was 27.96.

The historical rank and industry rank for China-Hongkong Photo Products Holdings's Days Payable or its related term are showing as below:

HKSE:01123' s Days Payable Range Over the Past 10 Years
Min: 23.25   Med: 26.23   Max: 39.31
Current: 26.14

During the past 13 years, China-Hongkong Photo Products Holdings's highest Days Payable was 39.31. The lowest was 23.25. And the median was 26.23.

HKSE:01123's Days Payable is ranked worse than
75.77% of 780 companies
in the Travel & Leisure industry
Industry Median: 56.545 vs HKSE:01123: 26.14

China-Hongkong Photo Products Holdings's Days Payable increased from Mar. 2025 (26.70) to Mar. 2026 (27.96). It may suggest that China-Hongkong Photo Products Holdings delayed paying its suppliers.


China-Hongkong Photo Products Holdings Days Payable Related Terms


China-Hongkong Photo Products Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings Days Payable Chart

China-Hongkong Photo Products 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 26.17 26.67 25.22 24.93 23.25

China-Hongkong Photo Products 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 26.04 25.20 26.70 27.22 27.96

HKSE:01123 vs AS, HAS, LTH: Days Payable Comparison

For the Leisure subindustry, China-Hongkong Photo Products 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.


China-Hongkong Photo Products Holdings Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Days Payable falls into.


HKSE:01123
47GF Score
China-Hongkong Photo Products Holdings Ltd HKSE:01123
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China-Hongkong Photo Products 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.

China-Hongkong Photo Products 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
=( (46.556 + 47.593) / 2 ) / 738.868*365
=47.0745 / 738.868*365
=23.25

China-Hongkong Photo Products 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
=( (64.623 + 47.593) / 2 ) / 366.177*365 / 2
=56.108 / 366.177*365 / 2
=27.96

* 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 27.96 mean?
China-Hongkong Photo Products Holdings (HKSE:01123) has a Days Payable of 27.96 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 China-Hongkong Photo Products Holdings and its competitors. This is near median its historical median of 26.23. Over the past decade, China-Hongkong Photo Products Holdings' Days Payable has ranged from 23.25 to 39.31. According to the industry distribution chart, China-Hongkong Photo Products Holdings ranks #591 out of 780 companies in the Travel & Leisure industry, placing it in the top 75.8%.
Is China-Hongkong Photo Products Holdings' Days Payable too high?
China-Hongkong Photo Products Holdings' current Days Payable of 27.96 is near median its 10-year median of 26.23. Over the past 10 years, this metric has ranged from a low of 23.25 to a high of 39.31. The Travel & Leisure industry median Days Payable is 56.55. China-Hongkong Photo Products Holdings' value of 27.96 is 50.6% below this industry median. Based on the distribution chart, China-Hongkong Photo Products Holdings ranks #591 out of 780 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, China-Hongkong Photo Products Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China-Hongkong Photo Products Holdings' Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, China-Hongkong Photo Products Holdings ranks #591 out of 780 companies for Days Payable. This places China-Hongkong Photo Products Holdings in the lower half of its industry. The industry median Days Payable is 56.55. China-Hongkong Photo Products Holdings' value of 27.96 is 50.6% below this benchmark. Historically, China-Hongkong Photo Products Holdings' own Days Payable has ranged from 23.25 to 39.31 over the past decade. While the company's 10-year median is 26.23 vs. the industry median of 56.55, China-Hongkong Photo Products 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.55, based on 780 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. China-Hongkong Photo Products Holdings's current Days Payable of 27.96 is 50.6% 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 China-Hongkong Photo Products Holdings and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China-Hongkong Photo Products Holdings's current Days Payable is 27.96, which is near median its own 10-year median of 26.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China-Hongkong Photo Products Holdings stock overvalued right now?
Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings (HKSE:01123) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.14 — trading 15.8% above its estimated fair value. The current Days Payable is 27.96, which is near median its 10-year median of 26.23 and 50.6% below the Travel & Leisure industry median of 56.55. China-Hongkong Photo Products Holdings' overall GF Score™ is 47/100 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 China-Hongkong Photo Products Holdings (HKSE:01123), the current Days Payable is 27.96 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 China-Hongkong Photo Products Holdings (HKSE:01123) Overvalued in 2026?

Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings stock appears to be overvalued. The current stock price of HK$0.14 is trading 15.8% above its estimated GF Value™ of HK$0.12. GuruFocus considers China-Hongkong Photo Products Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:01123:

  • Days Payable: 27.96 (near median its 10-year median of 26.23)
  • GF Value™: HK$0.12 vs. price of HK$0.14 (15.8% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 50.6% below the Travel & Leisure median (#591 of 780)

No single metric tells the full story. See the HKSE:01123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China-Hongkong Photo Products Holdings Business Description

Address 220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG
China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and others. The Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong.
47GF Score

Get the complete analysis for HKSE:01123

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

HK$0.14
Price
HK$0.12
GF Value