ArtGo Holdings (HKSE:03313) Days Payable: 106.59 (As of Dec. 2025) — 10% 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:03313 ArtGo Holdings Ltd HKSE:03313
33 GF Score
Price HK$0.73
GF Value HK$0.99
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is ArtGo Holdings Days Payable?

ArtGo Holdings HKSE:03313 +4.29% 33 Days Payable is 106.59 as of Dec. 2025, which is 10% below its 10-year median of 118.25. GuruFocus rates HKSE:03313 with a GF Score™ of 33/100 and a GF Value™ of HK$0.99 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,716 Construction companies, ArtGo Holdings ranks better than 71.85% on this metric.

ArtGo Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$24.92 Mil. ArtGo Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$42.67 Mil. Hence, ArtGo Holdings's Days Payable for the six months ended in Dec. 2025 was 106.59.

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

HKSE:03313' s Days Payable Range Over the Past 10 Years
Min: 31.47   Med: 118.25   Max: 268.88
Current: 134.2

During the past 13 years, ArtGo Holdings's highest Days Payable was 268.88. The lowest was 31.47. And the median was 118.25.

HKSE:03313's Days Payable is ranked better than
71.85% of 1716 companies
in the Construction industry
Industry Median: 76.48 vs HKSE:03313: 134.20

ArtGo Holdings's Days Payable increased from Dec. 2024 (104.34) to Dec. 2025 (106.59). It may suggest that ArtGo Holdings delayed paying its suppliers.


ArtGo Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for ArtGo 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.

ArtGo Holdings Days Payable Chart

ArtGo 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 139.04 98.23 120.91 135.79 119.88

ArtGo Holdings Semi-Annual Data
Jun16 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 96.81 197.68 104.34 199.94 106.59

HKSE:03313 vs TT, JCI, CARR: Days Payable Comparison

For the Building Products & Equipment subindustry, ArtGo 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.


ArtGo Holdings Days Payable vs Construction Industry

For the Construction industry and Industrials sector, ArtGo Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where ArtGo Holdings's Days Payable falls into.


HKSE:03313
33GF Score
ArtGo Holdings Ltd HKSE:03313
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ArtGo 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.

ArtGo 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
=( (24.853 + 19.808) / 2 ) / 67.989*365
=22.3305 / 67.989*365
=119.88

ArtGo 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
=( (30.038 + 19.808) / 2 ) / 42.671*365 / 2
=24.923 / 42.671*365 / 2
=106.59

* 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 106.59 mean?
ArtGo Holdings (HKSE:03313) has a Days Payable of 106.59 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 ArtGo Holdings and its competitors. This is 10% below median its historical median of 118.25. Over the past decade, ArtGo Holdings' Days Payable has ranged from 31.47 to 268.88. According to the industry distribution chart, ArtGo Holdings ranks #483 out of 1716 companies in the Construction industry, placing it in the top 28.1%.
Is ArtGo Holdings' Days Payable too high?
ArtGo Holdings' current Days Payable of 106.59 is 10% below median its 10-year median of 118.25. Over the past 10 years, this metric has ranged from a low of 31.47 to a high of 268.88. The Construction industry median Days Payable is 76.48. ArtGo Holdings' value of 106.59 is 39.4% above this industry median. Based on the distribution chart, ArtGo Holdings ranks #483 out of 1716 companies in the Construction industry, which is above the industry midpoint. Overall, ArtGo Holdings has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ArtGo Holdings' Days Payable compare to TT and JCI?
According to the Construction industry distribution chart, ArtGo Holdings ranks #483 out of 1716 companies for Days Payable. This puts ArtGo Holdings in the upper half of its industry. The industry median Days Payable is 76.48. ArtGo Holdings' value of 106.59 is 39.4% above this benchmark. Historically, ArtGo Holdings' own Days Payable has ranged from 31.47 to 268.88 over the past decade. While the company's 10-year median is 118.25 vs. the industry median of 76.48, ArtGo Holdings 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 Construction company?
The median Days Payable among Construction companies is 76.48, based on 1,716 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. ArtGo Holdings's current Days Payable of 106.59 is 39.4% 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 ArtGo Holdings and its competitors. For the Construction industry, the median Days Payable is 76.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArtGo Holdings's current Days Payable is 106.59, which is 10% below median its own 10-year median of 118.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArtGo Holdings stock overvalued right now?
Based on GuruFocus' analysis, ArtGo Holdings (HKSE:03313) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.99, compared to a current price of HK$0.73 — trading 26.3% below its estimated fair value. The current Days Payable is 106.59, which is 10% below median its 10-year median of 118.25 and 39.4% above the Construction industry median of 76.48. ArtGo Holdings' overall GF Score™ is 33/100 with 5 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 ArtGo Holdings (HKSE:03313), the current Days Payable is 106.59 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 ArtGo Holdings (HKSE:03313) Overvalued in 2026?

Based on GuruFocus' analysis, ArtGo Holdings stock appears to be undervalued. The current stock price of HK$0.73 is trading 26.3% below its estimated GF Value™ of HK$0.99. GuruFocus considers ArtGo Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:03313:

  • Days Payable: 106.59 (10% below median its 10-year median of 118.25)
  • GF Value™: HK$0.99 vs. price of HK$0.73 (26.3% below fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 39.4% above the Construction median (#483 of 1716)

No single metric tells the full story. See the HKSE:03313 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ArtGo Holdings Business Description

Address No. 728 Yan\'an West Road, Room I, 13th Floor, Changning District, Shanghai, CHN
ArtGo Holdings Ltd principally engaged in the business of production and sales of calcium carbonate products, mining, processing and sale of marble stones and warehousing and logistics. It operates in two reportable segments: the marble products segment produces marble stone products and calcium carbonate products mainly by further processing or trading; and the other segment includes the provision of warehousing and logistics services. The majority of its revenue is generated from the Marble products segment. The company's projects includes Engineering projects, and Space application. The company's products includes Material, Finish Surface, Bathroom products, Crafts, and Lines. Geographically, the group generates all of its revenue from its customers in the People's Republic of China.
33GF Score

Get the complete analysis for HKSE:03313

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

HK$0.73
Price
HK$0.99
GF Value