Royale Home Holdings (HKSE:01198) Days Payable: 125.19 (As of Dec. 2025) — 89% Above Median

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What is Royale Home Holdings Days Payable?

Royale Home Holdings HKSE:01198 +1.32% Days Payable is 125.19 as of Dec. 2025, which is 89% above its 10-year median of 66.24. The stock has 8 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Royale Home Holdings ranks better than 88.46% on this metric.

Royale Home Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$149.5 Mil. Royale Home Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$217.9 Mil. Hence, Royale Home Holdings's Days Payable for the six months ended in Dec. 2025 was 125.19.

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

HKSE:01198' s Days Payable Range Over the Past 10 Years
Min: 22   Med: 66.24   Max: 174.27
Current: 158.54

During the past 13 years, Royale Home Holdings's highest Days Payable was 174.27. The lowest was 22.00. And the median was 66.24.

HKSE:01198's Days Payable is ranked better than
88.46% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.03 vs HKSE:01198: 158.54

Royale Home Holdings's Days Payable declined from Dec. 2024 (134.45) to Dec. 2025 (125.19). It may suggest that Royale Home Holdings accelerated paying its suppliers.


Royale Home Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Royale Home 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.

Royale Home Holdings Days Payable Chart

Royale Home Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.19 32.77 80.06 160.78 174.27

Royale Home Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 76.64 152.07 134.45 180.57 125.19

HKSE:01198 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Royale Home 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.


Royale Home Holdings Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Royale Home Holdings's Days Payable distribution charts can be found below:

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



Royale Home 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.

Royale Home Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (219.722 + 162.215) / 2 ) / 399.981*365
=190.9685 / 399.981*365
=174.27

Royale Home Holdings's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (136.748 + 162.215) / 2 ) / 217.914*365 / 2
=149.4815 / 217.914*365 / 2
=125.19

* 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 125.19 mean?
Royale Home Holdings (HKSE:01198) has a Days Payable of 125.19 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Royale Home Holdings and its competitors. This is 89% above median its historical median of 66.24. Over the past decade, Royale Home Holdings' Days Payable has ranged from 22.00 to 174.27. According to the industry distribution chart, Royale Home Holdings ranks #48 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 11.5%.
Is Royale Home Holdings' Days Payable too high?
Royale Home Holdings' current Days Payable of 125.19 is 89% above median its 10-year median of 66.24. Over the past 10 years, this metric has ranged from a low of 22.00 to a high of 174.27. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.03. Royale Home Holdings' value of 125.19 is 98.6% above this industry median. Based on the distribution chart, Royale Home Holdings ranks #48 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers.
How does Royale Home Holdings' Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Royale Home Holdings ranks #48 out of 416 companies for Days Payable. This places Royale Home Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 63.03. Royale Home Holdings' value of 125.19 is 98.6% above this benchmark. Historically, Royale Home Holdings' own Days Payable has ranged from 22.00 to 174.27 over the past decade. While the company's 10-year median is 66.24 vs. the industry median of 63.03, Royale Home 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.03, based on 416 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. Royale Home Holdings's current Days Payable of 125.19 is 98.6% 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 Royale Home Holdings and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royale Home Holdings's current Days Payable is 125.19, which is 89% above median its own 10-year median of 66.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royale Home Holdings stock overvalued right now?
Based on GuruFocus' analysis, Royale Home Holdings (HKSE:01198) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.08 — trading 61.5% below its estimated fair value. The current Days Payable is 125.19, which is 89% above median its 10-year median of 66.24 and 98.6% above the Furnishings, Fixtures & Appliances industry median of 63.03. 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 Royale Home Holdings (HKSE:01198), the current Days Payable is 125.19 as of Dec. 2025. 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.

Royale Home Holdings Business Description

Address 66 Mody Road, Room 607, 6th Floor, Tsim Sha Tsui Centre, West Wing, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG
Royale Home Holdings Ltd is an investment holding company. The Company and its subsidiaries were principally engaged in the manufacture and sale of furniture in the Peoples Republic of China. The segments of the company are: a) Manufacture and sale of furniture, b) Development properties for sales and property investments, c) Hotel operations, d) Trading of aluminium ingots and bars. The company generates the majority of its revenue from the Manufacture and sale of furniture. Geographically, it derives revenue from PRC.