Man Shun Group (Holdings) (HKSE:01746) Days Payable: 19.60 (As of Dec. 2025) — 13% Below Median

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HKSE:01746 Man Shun Group (Holdings) Ltd HKSE:01746
53 GF Score
Price HK$0.48
GF Value HK$0.15
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Man Shun Group (Holdings) Days Payable?

Man Shun Group (Holdings) HKSE:01746 +2.13% 53 Days Payable is 19.60 as of Dec. 2025, which is 13% below its 10-year median of 22.47. GuruFocus rates HKSE:01746 with a GF Score™ of 53/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,720 Construction companies, Man Shun Group (Holdings) ranks worse than 94.19% on this metric.

Man Shun Group (Holdings)'s average Accounts Payable for the six months ended in Dec. 2025 was HK$4.91 Mil. Man Shun Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2025 was HK$45.71 Mil. Hence, Man Shun Group (Holdings)'s Days Payable for the six months ended in Dec. 2025 was 19.60.

The historical rank and industry rank for Man Shun Group (Holdings)'s Days Payable or its related term are showing as below:

HKSE:01746' s Days Payable Range Over the Past 10 Years
Min: 16.83   Med: 22.47   Max: 29.42
Current: 21.32

During the past 11 years, Man Shun Group (Holdings)'s highest Days Payable was 29.42. The lowest was 16.83. And the median was 22.47.

HKSE:01746's Days Payable is ranked worse than
94.19% of 1720 companies
in the Construction industry
Industry Median: 76.555 vs HKSE:01746: 21.32

Man Shun Group (Holdings)'s Days Payable increased from Dec. 2024 (17.31) to Dec. 2025 (19.60). It may suggest that Man Shun Group (Holdings) delayed paying its suppliers.


Man Shun Group (Holdings) Days Payable Historical Data

* Premium members only.

The historical data trend for Man Shun 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.

Man Shun Group (Holdings) Days Payable Chart

Man Shun Group (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 29.42 23.99 21.22 24.82 22.69

Man Shun Group (Holdings) Semi-Annual Data
Dec15 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 21.93 25.89 17.31 21.99 19.60

HKSE:01746 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Man Shun 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.


Man Shun Group (Holdings) Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Man Shun Group (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Man Shun Group (Holdings)'s Days Payable falls into.


HKSE:01746
53GF Score
Man Shun Group (Holdings) Ltd HKSE:01746
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Man Shun 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.

Man Shun Group (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
=( (4.261 + 5.73) / 2 ) / 80.354*365
=4.9955 / 80.354*365
=22.69

Man Shun Group (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
=( (4.088 + 5.73) / 2 ) / 45.707*365 / 2
=4.909 / 45.707*365 / 2
=19.60

* 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 19.60 mean?
Man Shun Group (Holdings) (HKSE:01746) has a Days Payable of 19.60 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 Man Shun Group (Holdings) and its competitors. This is 13% below median its historical median of 22.47. Over the past decade, Man Shun Group (Holdings)'s Days Payable has ranged from 16.83 to 29.42. According to the industry distribution chart, Man Shun Group (Holdings) ranks #1620 out of 1720 companies in the Construction industry, placing it in the top 94.2%.
Is Man Shun Group (Holdings)'s Days Payable too high?
Man Shun Group (Holdings)'s current Days Payable of 19.60 is 13% below median its 10-year median of 22.47. Over the past 10 years, this metric has ranged from a low of 16.83 to a high of 29.42. The Construction industry median Days Payable is 76.56. Man Shun Group (Holdings)'s value of 19.60 is 74.4% below this industry median. Based on the distribution chart, Man Shun Group (Holdings) ranks #1620 out of 1720 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Man Shun Group (Holdings) has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man Shun Group (Holdings)'s Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Man Shun Group (Holdings) ranks #1620 out of 1720 companies for Days Payable. This places Man Shun Group (Holdings) in the lower half of its industry. The industry median Days Payable is 76.56. Man Shun Group (Holdings)'s value of 19.60 is 74.4% below this benchmark. Historically, Man Shun Group (Holdings)'s own Days Payable has ranged from 16.83 to 29.42 over the past decade. While the company's 10-year median is 22.47 vs. the industry median of 76.56, Man Shun 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 Construction company?
The median Days Payable among Construction companies is 76.56, based on 1,720 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. Man Shun Group (Holdings)'s current Days Payable of 19.60 is 74.4% 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 Man Shun Group (Holdings) and its competitors. For the Construction industry, the median Days Payable is 76.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Man Shun Group (Holdings)'s current Days Payable is 19.60, which is 13% below median its own 10-year median of 22.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Shun Group (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Man Shun Group (Holdings) (HKSE:01746) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.48 — trading 220% above its estimated fair value. The current Days Payable is 19.60, which is 13% below median its 10-year median of 22.47 and 74.4% below the Construction industry median of 76.56. Man Shun Group (Holdings)'s overall GF Score™ is 53/100 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 Man Shun Group (Holdings) (HKSE:01746), the current Days Payable is 19.60 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.

Is Man Shun Group (Holdings) (HKSE:01746) Overvalued in 2026?

Based on GuruFocus' analysis, Man Shun Group (Holdings) stock appears to be overvalued. The current stock price of HK$0.48 is trading 220% above its estimated GF Value™ of HK$0.15. GuruFocus considers Man Shun Group (Holdings) to be Significantly Overvalued.

Key valuation signals for HKSE:01746:

  • Days Payable: 19.60 (13% below median its 10-year median of 22.47)
  • GF Value™: HK$0.15 vs. price of HK$0.48 (220% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 74.4% below the Construction median (#1620 of 1720)

No single metric tells the full story. See the HKSE:01746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Man Shun Group (Holdings) Business Description

Address Nos. 23-39 Pak Tin Par Street, Room 1908, 19th Floor, Cheung Fung Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG
Man Shun Group (Holdings) Ltd is an established HVAC electrical and mechanical (HVAC E&M) engineering services provider in Hong Kong. The group generally focuses on serving new residential property developments projects as a first-tier or second-tier subcontractor in Hong Kong. The HVAC E&M engineering services typically involve installation of HVAC systems, which refers to heat, ventilation and air conditioning systems. All of the group's operations are carried in Hong Kong.
53GF Score

Get the complete analysis for HKSE:01746

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

HK$0.48
Price
HK$0.15
GF Value