Vicon Holdings (HKSE:03878) Days Payable: 61.60 (As of Mar. 2026) — 10% Below Median

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HKSE:03878 Vicon Holdings Ltd HKSE:03878
58 GF Score
Price HK$0.19
GF Value HK$0.11
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Vicon Holdings Days Payable?

Vicon Holdings HKSE:03878 -9.77% 58 Days Payable is 61.60 as of Mar. 2026, which is 10% below its 10-year median of 68.56. GuruFocus rates HKSE:03878 with a GF Score™ of 58/100 and a GF Value™ of HK$0.11 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,721 Construction companies, Vicon Holdings ranks worse than 61.36% on this metric.

Vicon Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$38.0 Mil. Vicon Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$112.5 Mil. Hence, Vicon Holdings's Days Payable for the six months ended in Mar. 2026 was 61.60.

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

HKSE:03878' s Days Payable Range Over the Past 10 Years
Min: 38.98   Med: 68.56   Max: 138.64
Current: 60.27

During the past 12 years, Vicon Holdings's highest Days Payable was 138.64. The lowest was 38.98. And the median was 68.56.

HKSE:03878's Days Payable is ranked worse than
61.36% of 1721 companies
in the Construction industry
Industry Median: 76.72 vs HKSE:03878: 60.27

Vicon Holdings's Days Payable increased from Mar. 2025 (39.81) to Mar. 2026 (61.60). It may suggest that Vicon Holdings delayed paying its suppliers.


Vicon Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Vicon 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.

Vicon Holdings Days Payable Chart

Vicon 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 138.64 54.56 38.98 41.08 65.05

Vicon 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 74.55 30.72 39.81 54.07 61.60

HKSE:03878 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Vicon 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.


Vicon Holdings Days Payable vs Construction Industry

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

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


HKSE:03878
58GF Score
Vicon Holdings Ltd HKSE:03878
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vicon 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.

Vicon 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
=( (34.285 + 45.034) / 2 ) / 222.517*365
=39.6595 / 222.517*365
=65.05

Vicon 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
=( (30.907 + 45.034) / 2 ) / 112.495*365 / 2
=37.9705 / 112.495*365 / 2
=61.60

* 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 61.60 mean?
Vicon Holdings (HKSE:03878) has a Days Payable of 61.60 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 Vicon Holdings and its competitors. This is 10% below median its historical median of 68.56. Over the past decade, Vicon Holdings' Days Payable has ranged from 38.98 to 138.64. According to the industry distribution chart, Vicon Holdings ranks #1056 out of 1721 companies in the Construction industry, placing it in the top 61.4%.
Is Vicon Holdings' Days Payable too high?
Vicon Holdings' current Days Payable of 61.60 is 10% below median its 10-year median of 68.56. Over the past 10 years, this metric has ranged from a low of 38.98 to a high of 138.64. The Construction industry median Days Payable is 76.72. Vicon Holdings' value of 61.60 is 19.7% below this industry median. Based on the distribution chart, Vicon Holdings ranks #1056 out of 1721 companies in the Construction industry, which is below the industry midpoint. Overall, Vicon Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicon Holdings' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Vicon Holdings ranks #1056 out of 1721 companies for Days Payable. This places Vicon Holdings in the lower half of its industry. The industry median Days Payable is 76.72. Vicon Holdings' value of 61.60 is 19.7% below this benchmark. Historically, Vicon Holdings' own Days Payable has ranged from 38.98 to 138.64 over the past decade. While the company's 10-year median is 68.56 vs. the industry median of 76.72, Vicon 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 76.72, based on 1,721 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. Vicon Holdings's current Days Payable of 61.60 is 19.7% 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 Vicon Holdings and its competitors. For the Construction industry, the median Days Payable is 76.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicon Holdings's current Days Payable is 61.60, which is 10% below median its own 10-year median of 68.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vicon Holdings (HKSE:03878) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.19 — trading 76.4% above its estimated fair value. The current Days Payable is 61.60, which is 10% below median its 10-year median of 68.56 and 19.7% below the Construction industry median of 76.72. Vicon Holdings' overall GF Score™ is 58/100 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 Vicon Holdings (HKSE:03878), the current Days Payable is 61.60 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 Vicon Holdings (HKSE:03878) Overvalued in 2026?

Based on GuruFocus' analysis, Vicon Holdings stock appears to be overvalued. The current stock price of HK$0.19 is trading 76.4% above its estimated GF Value™ of HK$0.11. GuruFocus considers Vicon Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:03878:

  • Days Payable: 61.60 (10% below median its 10-year median of 68.56)
  • GF Value™: HK$0.11 vs. price of HK$0.19 (76.4% above fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 19.7% below the Construction median (#1056 of 1721)

No single metric tells the full story. See the HKSE:03878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vicon Holdings Business Description

Address 133 Hoi Bun Road, Office D, 16th Floor, MG Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Vicon Holdings Ltd is a Hong Kong-based investment company. The company is engaged in foundation works and ancillary services. Geographically, the company derives the maximum of its revenue from Hong Kong. The company segments include construction works and leasing of construction machinery. The company earns maximum revenue from the construction segment. The company's foundation projects involve different types of construction works, such as piling construction, ELS works, pile cap construction, and general building work in Hong Kong.
58GF Score

Get the complete analysis for HKSE:03878

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

HK$0.19
Price
HK$0.11
GF Value