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Neo-Neon HoldingsHKSE:01868 38 Days Payable is 40.81 as of Dec. 2025, which is 27% below its 10-year median of 56.27. GuruFocus rates HKSE:01868 with a GF Score™ of 38/100 and a GF Value™ of HK$0.37 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Neo-Neon Holdings ranks worse than 60.34% on this metric.
The historical rank and industry rank for Neo-Neon Holdings's Days Payable or its related term are showing as below:
HKSE:01868'
s Days Payable Range Over the Past 10 Years
Min: 46.4 Med: 56.27 Max: 89.51
Current: 54.48
During the past 13 years, Neo-Neon Holdings's highest Days Payable was 89.51. The lowest was 46.40. And the median was 56.27.
HKSE:01868's Days Payable is ranked worse than 60.34% of 416
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.03
vs HKSE:01868: 54.48
Neo-Neon Holdings's Days Payable
declined
from Dec. 2024 (46.47) to Dec. 2025 (40.81).
It may suggest that Neo-Neon Holdingsaccelerated paying its suppliers.
The historical data trend for Neo-Neon 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.
HKSE:01868 vs SN, SGI, MHK: Days Payable Comparison
For the Furnishings, Fixtures & Appliances subindustry, Neo-Neon 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.
Neo-Neon Holdings Days Payable vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Neo-Neon Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Neo-Neon Holdings's Days Payable falls into.
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.
Neo-Neon Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Neo-Neon Holdings (HKSE:01868) has a Days Payable of 40.81 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 Neo-Neon Holdings and its competitors. This is 27% below median its historical median of 56.27. Over the past decade, Neo-Neon Holdings' Days Payable has ranged from 46.40 to 89.51. According to the industry distribution chart, Neo-Neon Holdings ranks #251 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 60.3%.
Is Neo-Neon Holdings' Days Payable too high?
Neo-Neon Holdings' current Days Payable of 40.81 is 27% below median its 10-year median of 56.27. Over the past 10 years, this metric has ranged from a low of 46.40 to a high of 89.51. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.03. Neo-Neon Holdings' value of 40.81 is 35.3% below this industry median. Based on the distribution chart, Neo-Neon Holdings ranks #251 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Neo-Neon Holdings has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Neo-Neon Holdings' Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Neo-Neon Holdings ranks #251 out of 416 companies for Days Payable. This places Neo-Neon Holdings in the lower half of its industry. The industry median Days Payable is 63.03. Neo-Neon Holdings' value of 40.81 is 35.3% below this benchmark. Historically, Neo-Neon Holdings' own Days Payable has ranged from 46.40 to 89.51 over the past decade. While the company's 10-year median is 56.27 vs. the industry median of 63.03, Neo-Neon 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 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. Neo-Neon Holdings's current Days Payable of 40.81 is 35.3% 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 Neo-Neon 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. Neo-Neon Holdings's current Days Payable is 40.81, which is 27% below median its own 10-year median of 56.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neo-Neon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Neo-Neon Holdings (HKSE:01868) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.19 — trading 49.7% below its estimated fair value. The current Days Payable is 40.81, which is 27% below median its 10-year median of 56.27 and 35.3% below the Furnishings, Fixtures & Appliances industry median of 63.03. Neo-Neon Holdings' overall GF Score™ is 38/100 with 2 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 Neo-Neon Holdings (HKSE:01868), the current Days Payable is 40.81 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 Neo-Neon Holdings (HKSE:01868) Overvalued in 2026?
Based on GuruFocus' analysis, Neo-Neon Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 49.7% below its estimated GF Value™ of HK$0.37.
GuruFocus considers Neo-Neon Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01868:
Days Payable: 40.81 (27% below median its 10-year median of 56.27)
GF Value™: HK$0.37 vs. price of HK$0.19 (49.7% below fair value)
Industry Position: 35.3% below the Furnishings, Fixtures & Appliances median (#251 of 416)
No single metric tells the full story. See the HKSE:01868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; Asia; and Other continents.
38GF Score
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