Unitas Holdings (HKSE:08020) Days Payable: 24.36 (As of Sep. 2025) — 51% Above 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.

What is Unitas Holdings Days Payable?

Unitas Holdings HKSE:08020 +5.26% Days Payable is 24.36 as of Sep. 2025, which is 51% above its 10-year median of 16.18. The stock has 5 warning signs investors should review. Among 968 Transportation companies, Unitas Holdings ranks worse than 64.77% on this metric.

Unitas Holdings's average Accounts Payable for the six months ended in Sep. 2025 was HK$7.26 Mil. Unitas Holdings's Cost of Goods Sold for the six months ended in Sep. 2025 was HK$54.36 Mil. Hence, Unitas Holdings's Days Payable for the six months ended in Sep. 2025 was 24.36.

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

HKSE:08020' s Days Payable Range Over the Past 10 Years
Min: 0.3   Med: 16.18   Max: 51.78
Current: 28.6

During the past 13 years, Unitas Holdings's highest Days Payable was 51.78. The lowest was 0.30. And the median was 16.18.

HKSE:08020's Days Payable is ranked worse than
64.77% of 968 companies
in the Transportation industry
Industry Median: 38.62 vs HKSE:08020: 28.60

Unitas Holdings's Days Payable declined from Sep. 2024 (36.63) to Sep. 2025 (24.36). It may suggest that Unitas Holdings accelerated paying its suppliers.


Unitas Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Unitas 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.

Unitas Holdings Days Payable Chart

Unitas 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 51.78 27.52 48.32 48.63 27.16

Unitas 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 45.62 36.63 27.14 24.36 38.57

Unitas Holdings Days Payable Competitor Comparison

For the Marine Shipping subindustry, Unitas 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.


Unitas Holdings Days Payable vs Transportation Industry

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

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



Unitas 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.

Unitas Holdings's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (17.533 + 7.303) / 2 ) / 93.213*365
=12.418 / 93.213*365
=48.63

Unitas Holdings's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (7.303 + 7.21) / 2 ) / 54.357*365 / 2
=7.2565 / 54.357*365 / 2
=24.36

* 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 24.36 mean?
Unitas Holdings (HKSE:08020) has a Days Payable of 24.36 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Unitas Holdings and its competitors. This is 51% above median its historical median of 16.18. Over the past decade, Unitas Holdings' Days Payable has ranged from 0.30 to 51.78. According to the industry distribution chart, Unitas Holdings ranks #627 out of 968 companies in the Transportation industry, placing it in the top 64.8%.
Is Unitas Holdings' Days Payable too high?
Unitas Holdings' current Days Payable of 24.36 is 51% above median its 10-year median of 16.18. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 51.78. The Transportation industry median Days Payable is 38.62. Unitas Holdings' value of 24.36 is 36.9% below this industry median. Based on the distribution chart, Unitas Holdings ranks #627 out of 968 companies in the Transportation industry, which is below the industry midpoint.
How does Unitas Holdings' Days Payable compare to competitors?
According to the Transportation industry distribution chart, Unitas Holdings ranks #627 out of 968 companies for Days Payable. This places Unitas Holdings in the lower half of its industry. The industry median Days Payable is 38.62. Unitas Holdings' value of 24.36 is 36.9% below this benchmark. Historically, Unitas Holdings' own Days Payable has ranged from 0.30 to 51.78 over the past decade. While the company's 10-year median is 16.18 vs. the industry median of 38.62, Unitas 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 Transportation company?
The median Days Payable among Transportation companies is 38.62, based on 968 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. Unitas Holdings's current Days Payable of 24.36 is 36.9% 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 Unitas Holdings and its competitors. For the Transportation industry, the median Days Payable is 38.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unitas Holdings's current Days Payable is 24.36, which is 51% above median its own 10-year median of 16.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unitas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Unitas Holdings (HKSE:08020) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.02, compared to a current price of HK$0.02 — trading right at its estimated fair value. The current Days Payable is 24.36, which is 51% above median its 10-year median of 16.18 and 36.9% below the Transportation industry median of 38.62. 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 Unitas Holdings (HKSE:08020), the current Days Payable is 24.36 as of Sep. 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.

Unitas Holdings Business Description

Address 133 Hoi Bun Road, Flat C, 16th Floor, MG Tower, Kwun Tong, Hong Kong, HKG
Unitas Holdings Ltd is an investment holding company. Along with subsidiary companies, it is engaged in the operating segments of Dry bulk shipping and logistic services, as well as IP automation and entertainment business, and other. It generates maximum revenue from the Dry bulk shipping and logistic services segment, providing international dry bulk shipping/ocean freight forwarding related logistics services; and IP automation and entertainment business includes the operation of two IP thematic experience centres, management and operation of four mega integrated edutainment and sports experience playgrounds, and the provision of IP related brand management and marketing consulting services. It has geographic presence in Hong Kong, Mainland China, Macau, and Singapore.