Progressive Path Group Holdings (HKSE:01581) Days Payable: 25.35 (As of Mar. 2026) — 23% Below 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:01581 Progressive Path Group Holdings Ltd HKSE:01581
54 GF Score
Price HK$0.33
GF Value HK$0.18
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Progressive Path Group Holdings Days Payable?

Progressive Path Group Holdings HKSE:01581 54 Days Payable is 25.35 as of Mar. 2026, which is 23% below its 10-year median of 32.78. GuruFocus rates HKSE:01581 with a GF Score™ of 54/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 944 Business Services companies, Progressive Path Group Holdings ranks worse than 62.5% on this metric.

Progressive Path Group Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$64.6 Mil. Progressive Path Group Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$465.0 Mil. Hence, Progressive Path Group Holdings's Days Payable for the six months ended in Mar. 2026 was 25.35.

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

HKSE:01581' s Days Payable Range Over the Past 10 Years
Min: 28.74   Med: 32.78   Max: 56.83
Current: 30.46

During the past 13 years, Progressive Path Group Holdings's highest Days Payable was 56.83. The lowest was 28.74. And the median was 32.78.

HKSE:01581's Days Payable is ranked worse than
62.5% of 944 companies
in the Business Services industry
Industry Median: 44.355 vs HKSE:01581: 30.46

Progressive Path Group Holdings's Days Payable declined from Mar. 2025 (37.94) to Mar. 2026 (25.35). It may suggest that Progressive Path Group Holdings accelerated paying its suppliers.


Progressive Path Group Holdings Days Payable Related Terms


Progressive Path Group Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Progressive Path Group 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.

Progressive Path Group Holdings Days Payable Chart

Progressive Path Group 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 28.74 31.57 36.63 33.99 34.09

Progressive Path Group 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 32.14 36.72 37.94 33.09 25.35

HKSE:01581 vs URI, SUNB, AER: Days Payable Comparison

For the Rental & Leasing Services subindustry, Progressive Path Group 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.


Progressive Path Group Holdings Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Progressive Path Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Progressive Path Group Holdings's Days Payable falls into.


HKSE:01581
54GF Score
Progressive Path Group Holdings Ltd HKSE:01581
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Progressive Path Group 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.

Progressive Path Group 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
=( (73.558 + 77.71) / 2 ) / 809.759*365
=75.634 / 809.759*365
=34.09

Progressive Path Group 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
=( (51.459 + 77.71) / 2 ) / 465.015*365 / 2
=64.5845 / 465.015*365 / 2
=25.35

* 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 25.35 mean?
Progressive Path Group Holdings (HKSE:01581) has a Days Payable of 25.35 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 Progressive Path Group Holdings and its competitors. This is 23% below median its historical median of 32.78. Over the past decade, Progressive Path Group Holdings' Days Payable has ranged from 28.74 to 56.83. According to the industry distribution chart, Progressive Path Group Holdings ranks #590 out of 944 companies in the Business Services industry, placing it in the top 62.5%.
Is Progressive Path Group Holdings' Days Payable too high?
Progressive Path Group Holdings' current Days Payable of 25.35 is 23% below median its 10-year median of 32.78. Over the past 10 years, this metric has ranged from a low of 28.74 to a high of 56.83. The Business Services industry median Days Payable is 44.36. Progressive Path Group Holdings' value of 25.35 is 42.8% below this industry median. Based on the distribution chart, Progressive Path Group Holdings ranks #590 out of 944 companies in the Business Services industry, which is below the industry midpoint. Overall, Progressive Path Group Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Path Group Holdings' Days Payable compare to URI and SUNB?
According to the Business Services industry distribution chart, Progressive Path Group Holdings ranks #590 out of 944 companies for Days Payable. This places Progressive Path Group Holdings in the lower half of its industry. The industry median Days Payable is 44.36. Progressive Path Group Holdings' value of 25.35 is 42.8% below this benchmark. Historically, Progressive Path Group Holdings' own Days Payable has ranged from 28.74 to 56.83 over the past decade. While the company's 10-year median is 32.78 vs. the industry median of 44.36, Progressive Path Group 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 Business Services company?
The median Days Payable among Business Services companies is 44.36, based on 944 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. Progressive Path Group Holdings's current Days Payable of 25.35 is 42.8% 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 Progressive Path Group Holdings and its competitors. For the Business Services industry, the median Days Payable is 44.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Path Group Holdings's current Days Payable is 25.35, which is 23% below median its own 10-year median of 32.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Path Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Progressive Path Group Holdings (HKSE:01581) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.33 — trading 83.3% above its estimated fair value. The current Days Payable is 25.35, which is 23% below median its 10-year median of 32.78 and 42.8% below the Business Services industry median of 44.36. Progressive Path Group Holdings' overall GF Score™ is 54/100 with 3 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 Progressive Path Group Holdings (HKSE:01581), the current Days Payable is 25.35 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 Progressive Path Group Holdings (HKSE:01581) Overvalued in 2026?

Based on GuruFocus' analysis, Progressive Path Group Holdings stock appears to be overvalued. The current stock price of HK$0.33 is trading 83.3% above its estimated GF Value™ of HK$0.18. GuruFocus considers Progressive Path Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01581:

  • Days Payable: 25.35 (23% below median its 10-year median of 32.78)
  • GF Value™: HK$0.18 vs. price of HK$0.33 (83.3% above fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 42.8% below the Business Services median (#590 of 944)

No single metric tells the full story. See the HKSE:01581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Progressive Path Group Holdings Business Description

Address No. 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG
Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental. Majority of the revenue is derived from the Construction works segment.
54GF Score

Get the complete analysis for HKSE:01581

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

HK$0.33
Price
HK$0.18
GF Value