Royal Deluxe Holdings (HKSE:03789) Days Payable: 35.22 (As of Mar. 2026) — Near Median

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HKSE:03789 Royal Deluxe Holdings Ltd HKSE:03789
55 GF Score
Price HK$0.23
GF Value HK$0.07
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Royal Deluxe Holdings Days Payable?

Royal Deluxe Holdings HKSE:03789 +10.10% 55 Days Payable is 35.22 as of Mar. 2026, which is 2% below its 10-year median of 36.09. GuruFocus rates HKSE:03789 with a GF Score™ of 55/100 and a GF Value™ of HK$0.07 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,718 Construction companies, Royal Deluxe Holdings ranks worse than 79.74% on this metric.

Royal Deluxe Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$60.1 Mil. Royal Deluxe Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$311.6 Mil. Hence, Royal Deluxe Holdings's Days Payable for the six months ended in Mar. 2026 was 35.22.

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

HKSE:03789' s Days Payable Range Over the Past 10 Years
Min: 21.47   Med: 36.09   Max: 55.14
Current: 39.04

During the past 13 years, Royal Deluxe Holdings's highest Days Payable was 55.14. The lowest was 21.47. And the median was 36.09.

HKSE:03789's Days Payable is ranked worse than
79.74% of 1718 companies
in the Construction industry
Industry Median: 76.61 vs HKSE:03789: 39.04

Royal Deluxe Holdings's Days Payable increased from Mar. 2025 (30.20) to Mar. 2026 (35.22). It may suggest that Royal Deluxe Holdings delayed paying its suppliers.


Royal Deluxe Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Royal Deluxe 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.

Royal Deluxe Holdings Days Payable Chart

Royal Deluxe Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.14 26.39 21.47 36.14 37.42

Royal Deluxe Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 23.71 25.97 30.20 44.23 35.22

HKSE:03789 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Royal Deluxe 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.


Royal Deluxe Holdings Days Payable vs Construction Industry

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

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


HKSE:03789
55GF Score
Royal Deluxe Holdings Ltd HKSE:03789
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Deluxe 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.

Royal Deluxe Holdings's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (84.97 + 46.195) / 2 ) / 639.636*365
=65.5825 / 639.636*365
=37.42

Royal Deluxe Holdings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (74.061 + 46.195) / 2 ) / 311.565*365 / 2
=60.128 / 311.565*365 / 2
=35.22

* 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 35.22 mean?
Royal Deluxe Holdings (HKSE:03789) has a Days Payable of 35.22 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Royal Deluxe Holdings and its competitors. This is near median its historical median of 36.09. Over the past decade, Royal Deluxe Holdings' Days Payable has ranged from 21.47 to 55.14. According to the industry distribution chart, Royal Deluxe Holdings ranks #1370 out of 1718 companies in the Construction industry, placing it in the top 79.7%.
Is Royal Deluxe Holdings' Days Payable too high?
Royal Deluxe Holdings' current Days Payable of 35.22 is near median its 10-year median of 36.09. Over the past 10 years, this metric has ranged from a low of 21.47 to a high of 55.14. The Construction industry median Days Payable is 76.61. Royal Deluxe Holdings' value of 35.22 is 54% below this industry median. Based on the distribution chart, Royal Deluxe Holdings ranks #1370 out of 1718 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Royal Deluxe Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Deluxe Holdings' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Royal Deluxe Holdings ranks #1370 out of 1718 companies for Days Payable. This places Royal Deluxe Holdings in the lower half of its industry. The industry median Days Payable is 76.61. Royal Deluxe Holdings' value of 35.22 is 54% below this benchmark. Historically, Royal Deluxe Holdings' own Days Payable has ranged from 21.47 to 55.14 over the past decade. While the company's 10-year median is 36.09 vs. the industry median of 76.61, Royal Deluxe 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 76.61, based on 1,718 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. Royal Deluxe Holdings's current Days Payable of 35.22 is 54% 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 Royal Deluxe Holdings and its competitors. For the Construction industry, the median Days Payable is 76.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Deluxe Holdings's current Days Payable is 35.22, which is near median its own 10-year median of 36.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Deluxe Holdings stock overvalued right now?
Based on GuruFocus' analysis, Royal Deluxe Holdings (HKSE:03789) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.23 — trading 227.1% above its estimated fair value. The current Days Payable is 35.22, which is near median its 10-year median of 36.09 and 54% below the Construction industry median of 76.61. Royal Deluxe Holdings' overall GF Score™ is 55/100 with 8 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 Royal Deluxe Holdings (HKSE:03789), the current Days Payable is 35.22 as of Mar. 2026. 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 Royal Deluxe Holdings (HKSE:03789) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Deluxe Holdings stock appears to be overvalued. The current stock price of HK$0.23 is trading 227.1% above its estimated GF Value™ of HK$0.07. GuruFocus considers Royal Deluxe Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:03789:

  • Days Payable: 35.22 (near median its 10-year median of 36.09)
  • GF Value™: HK$0.07 vs. price of HK$0.23 (227.1% above fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 54% below the Construction median (#1370 of 1718)

No single metric tells the full story. See the HKSE:03789 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Royal Deluxe Holdings Business Description

Address 10 Shing Yip Street, Unit A, 22nd Floor, T G Place, Kwun Tong, Kowloon, Hong Kong, HKG
Royal Deluxe Holdings Ltd is a subcontractor engaged in providing formwork erection as well as related ancillary services. The company also offers fit-out services. The majority of the operations of the group are located in Hong Kong and generate a majority of revenue from the provision of formwork erection and related ancillary services.
55GF Score

Get the complete analysis for HKSE:03789

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

HK$0.23
Price
HK$0.07
GF Value