Lemo Services Co (HKSE:02539) Days Payable: 35.78 (As of Dec. 2025) — 12% 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:02539 Lemo Services Co Ltd HKSE:02539
23 GF Score
Price HK$9.99
! 1 Warning Sign
View Full Analysis

What is Lemo Services Co Days Payable?

Lemo Services Co HKSE:02539 +3.20% 23 Days Payable is 35.78 as of Dec. 2025, which is 12% below its 10-year median of 40.88. GuruFocus rates HKSE:02539 with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 90 Personal Services companies, Lemo Services Co ranks better than 55.56% on this metric.

Lemo Services Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$65 Mil. Lemo Services Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$664 Mil. Hence, Lemo Services Co's Days Payable for the six months ended in Dec. 2025 was 17.89.

The historical rank and industry rank for Lemo Services Co's Days Payable or its related term are showing as below:

HKSE:02539' s Days Payable Range Over the Past 10 Years
Min: 33.53   Med: 40.88   Max: 49.88
Current: 35.78

During the past 4 years, Lemo Services Co's highest Days Payable was 49.88. The lowest was 33.53. And the median was 40.88.

HKSE:02539's Days Payable is ranked better than
55.56% of 90 companies
in the Personal Services industry
Industry Median: 34.32 vs HKSE:02539: 35.78

Lemo Services Co's Days Payable declined from Dec. 2023 (45.97) to Dec. 2025 (35.78). It may suggest that Lemo Services Co accelerated paying its suppliers.


Lemo Services Co Days Payable Historical Data

* Premium members only.

The historical data trend for Lemo Services Co'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.

Lemo Services Co Days Payable Chart

Lemo Services Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
33.53 45.97 49.88 35.78

Lemo Services Co Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Days Payable 33.53 45.97 49.88 35.78

HKSE:02539 vs ROL, SCI, FTDR: Days Payable Comparison

For the Personal Services subindustry, Lemo Services Co'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.


Lemo Services Co Days Payable vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Lemo Services Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lemo Services Co's Days Payable falls into.


HKSE:02539
23GF Score
Lemo Services Co Ltd HKSE:02539
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lemo Services Co 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.

Lemo Services Co'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
=( (79.875 + 50.37) / 2 ) / 664.413*365
=65.1225 / 664.413*365
=35.78

Lemo Services Co'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: Dec. 2024 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (79.875 + 50.37) / 2 ) / 664.413*365 / 2
=65.1225 / 664.413*365 / 2
=17.89

* 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 35.78 mean?
Lemo Services Co (HKSE:02539) has a Days Payable of 35.78 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 Lemo Services Co and its competitors. This is 12% below median its historical median of 40.88. Over the past decade, Lemo Services Co's Days Payable has ranged from 33.53 to 49.88. According to the industry distribution chart, Lemo Services Co ranks #40 out of 90 companies in the Personal Services industry, placing it in the top 44.4%.
Is Lemo Services Co's Days Payable too high?
Lemo Services Co's current Days Payable of 35.78 is 12% below median its 10-year median of 40.88. Over the past 10 years, this metric has ranged from a low of 33.53 to a high of 49.88. The Personal Services industry median Days Payable is 34.32. Lemo Services Co's value of 35.78 is 4.3% above this industry median. Based on the distribution chart, Lemo Services Co ranks #40 out of 90 companies in the Personal Services industry, which is above the industry midpoint. Overall, Lemo Services Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Lemo Services Co's Days Payable compare to ROL and SCI?
According to the Personal Services industry distribution chart, Lemo Services Co ranks #40 out of 90 companies for Days Payable. This puts Lemo Services Co in the upper half of its industry. The industry median Days Payable is 34.32. Lemo Services Co's value of 35.78 is 4.3% above this benchmark. Historically, Lemo Services Co's own Days Payable has ranged from 33.53 to 49.88 over the past decade. While the company's 10-year median is 40.88 vs. the industry median of 34.32, Lemo Services Co 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 Personal Services company?
The median Days Payable among Personal Services companies is 34.32, based on 90 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. Lemo Services Co's current Days Payable of 35.78 is 4.3% 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 Lemo Services Co and its competitors. For the Personal Services industry, the median Days Payable is 34.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemo Services Co's current Days Payable is 35.78, which is 12% below median its own 10-year median of 40.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemo Services Co stock overvalued right now?
Lemo Services Co (HKSE:02539) has a current Days Payable of 35.78. The current Days Payable is 35.78, which is 12% below median its 10-year median of 40.88 and 4.3% above the Personal Services industry median of 34.32. Lemo Services Co's overall GF Score™ is 23/100 with 1 warning sign 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 Lemo Services Co (HKSE:02539), the current Days Payable is 35.78 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.

Lemo Services Co Business Description

Address 11 Keji East Road, 21st Floor, Building B, Wangxun Smart Center, High-Tech Zone, Fujian, Fuzhou, CHN
Lemo Services Co Ltd provides massage services performed by its mechanical massage equipment stationed at various points of service in public venues of high foot traffic across China. its segments are comprising Mechanical massage service under Direct Mode, which generates maximum revenue and engages in providing mechanical massage service to customers through its massage equipment located at the POS operated by the Group itself; Mechanical massage POS operation support services under Partner Mode, which engages in providing mechanical massage POS operation support services to Local Partners; and Others, which mainly engages in sales of household massage equipment and massage accessories, The Company generates maximum revenue from Chinese Mainland.
23GF Score

Get the complete analysis for HKSE:02539

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

HK$9.99
Price