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Time Watch InvestmentsHKSE:02033 47 Days Payable is 38.18 as of Dec. 2025, which is 15% below its 10-year median of 45.00. GuruFocus rates HKSE:02033 with a GF Score™ of 47/100 and a GF Value™ of HK$0.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,021 Manufacturing - Apparel & Accessories companies, Time Watch Investments ranks worse than 63.17% on this metric.
The historical rank and industry rank for Time Watch Investments's Days Payable or its related term are showing as below:
HKSE:02033'
s Days Payable Range Over the Past 10 Years
Min: 31.01 Med: 45 Max: 51.05
Current: 41.11
During the past 13 years, Time Watch Investments's highest Days Payable was 51.05. The lowest was 31.01. And the median was 45.00.
HKSE:02033's Days Payable is ranked worse than 63.17% of 1021
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.6
vs HKSE:02033: 41.11
* 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:02033 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Time Watch Investments'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.
Time Watch Investments Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Days Payable distribution charts can be found below:
* The bar in red indicates where Time Watch Investments'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.
Time Watch Investments's Days Payable for the fiscal year that ended in Jun. 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.
Time Watch Investments (HKSE:02033) has a Days Payable of 38.18 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 Time Watch Investments and its competitors. This is 15% below median its historical median of 45.00. Over the past decade, Time Watch Investments' Days Payable has ranged from 31.01 to 51.05. According to the industry distribution chart, Time Watch Investments ranks #645 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.2%.
Is Time Watch Investments' Days Payable too high?
Time Watch Investments' current Days Payable of 38.18 is 15% below median its 10-year median of 45.00. Over the past 10 years, this metric has ranged from a low of 31.01 to a high of 51.05. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.60. Time Watch Investments' value of 38.18 is 30.1% below this industry median. Based on the distribution chart, Time Watch Investments ranks #645 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Time Watch Investments has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Time Watch Investments' Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Time Watch Investments ranks #645 out of 1021 companies for Days Payable. This places Time Watch Investments in the lower half of its industry. The industry median Days Payable is 54.60. Time Watch Investments' value of 38.18 is 30.1% below this benchmark. Historically, Time Watch Investments' own Days Payable has ranged from 31.01 to 51.05 over the past decade. While the company's 10-year median is 45.00 vs. the industry median of 54.60, Time Watch Investments 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.60, based on 1,021 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. Time Watch Investments's current Days Payable of 38.18 is 30.1% 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 Time Watch Investments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Time Watch Investments's current Days Payable is 38.18, which is 15% below median its own 10-year median of 45.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Time Watch Investments stock overvalued right now?
Based on GuruFocus' analysis, Time Watch Investments (HKSE:02033) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.23 — trading 0.9% above its estimated fair value. The current Days Payable is 38.18, which is 15% below median its 10-year median of 45.00 and 30.1% below the Manufacturing - Apparel & Accessories industry median of 54.60. Time Watch Investments' overall GF Score™ is 47/100 with 4 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 Time Watch Investments (HKSE:02033), the current Days Payable is 38.18 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 Time Watch Investments (HKSE:02033) Overvalued in 2026?
Based on GuruFocus' analysis, Time Watch Investments stock appears to be overvalued.
The current stock price of HK$0.23 is trading 0.9% above its estimated GF Value™ of HK$0.23.
GuruFocus considers Time Watch Investments to be Fairly Valued.
Key valuation signals for HKSE:02033:
Days Payable: 38.18 (15% below median its 10-year median of 45.00)
GF Value™: HK$0.23 vs. price of HK$0.23 (0.9% above fair value)
Industry Position: 30.1% below the Manufacturing - Apparel & Accessories median (#645 of 1021)
No single metric tells the full story. See the HKSE:02033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
47GF Score
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