Kong Shum Smart Management Group (Holdings) (HKSE:08181) Days Payable: 1.85 (As of Mar. 2026) — 10% Below Median

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What is Kong Shum Smart Management Group (Holdings) Days Payable?

Kong Shum Smart Management Group (Holdings) HKSE:08181 +2.17% Days Payable is 1.85 as of Mar. 2026, which is 10% below its 10-year median of 2.05. The stock has 6 warning signs investors should review. Among 1,570 Real Estate companies, Kong Shum Smart Management Group (Holdings) ranks worse than 98.47% on this metric.

Kong Shum Smart Management Group (Holdings)'s average Accounts Payable for the six months ended in Mar. 2026 was HK$2.4 Mil. Kong Shum Smart Management Group (Holdings)'s Cost of Goods Sold for the six months ended in Mar. 2026 was HK$232.2 Mil. Hence, Kong Shum Smart Management Group (Holdings)'s Days Payable for the six months ended in Mar. 2026 was 1.85.

The historical rank and industry rank for Kong Shum Smart Management Group (Holdings)'s Days Payable or its related term are showing as below:

HKSE:08181' s Days Payable Range Over the Past 10 Years
Min: 1.31   Med: 2.05   Max: 27.62
Current: 1.86

During the past 13 years, Kong Shum Smart Management Group (Holdings)'s highest Days Payable was 27.62. The lowest was 1.31. And the median was 2.05.

HKSE:08181's Days Payable is ranked worse than
98.47% of 1570 companies
in the Real Estate industry
Industry Median: 94.205 vs HKSE:08181: 1.86

Kong Shum Smart Management Group (Holdings)'s Days Payable declined from Mar. 2025 (1.88) to Mar. 2026 (1.85). It may suggest that Kong Shum Smart Management Group (Holdings) accelerated paying its suppliers.


Kong Shum Smart Management Group (Holdings) Days Payable Related Terms


Kong Shum Smart Management Group (Holdings) Days Payable Historical Data

* Premium members only.

The historical data trend for Kong Shum Smart Management Group (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.

Kong Shum Smart Management Group (Holdings) Days Payable Chart

Kong Shum Smart Management Group (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 2.18 1.98 1.81 1.85 1.86

Kong Shum Smart Management Group (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 1.90 1.91 1.88 1.87 1.85

HKSE:08181 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Kong Shum Smart Management Group (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.


Kong Shum Smart Management Group (Holdings) Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kong Shum Smart Management Group (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Kong Shum Smart Management Group (Holdings)'s Days Payable falls into.



Kong Shum Smart Management Group (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.

Kong Shum Smart Management Group (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
=( (2.338 + 2.35) / 2 ) / 460.702*365
=2.344 / 460.702*365
=1.86

Kong Shum Smart Management Group (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
=( (2.35 + 2.35) / 2 ) / 232.157*365 / 2
=2.35 / 232.157*365 / 2
=1.85

* 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 1.85 mean?
Kong Shum Smart Management Group (Holdings) (HKSE:08181) has a Days Payable of 1.85 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 Kong Shum Smart Management Group (Holdings) and its competitors. This is 10% below median its historical median of 2.05. Over the past decade, Kong Shum Smart Management Group (Holdings)'s Days Payable has ranged from 1.31 to 27.62. According to the industry distribution chart, Kong Shum Smart Management Group (Holdings) ranks #1546 out of 1570 companies in the Real Estate industry, placing it in the top 98.5%.
Is Kong Shum Smart Management Group (Holdings)'s Days Payable too high?
Kong Shum Smart Management Group (Holdings)'s current Days Payable of 1.85 is 10% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 27.62. The Real Estate industry median Days Payable is 94.21. Kong Shum Smart Management Group (Holdings)'s value of 1.85 is 98% below this industry median. Based on the distribution chart, Kong Shum Smart Management Group (Holdings) ranks #1546 out of 1570 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Kong Shum Smart Management Group (Holdings)'s Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Kong Shum Smart Management Group (Holdings) ranks #1546 out of 1570 companies for Days Payable. This places Kong Shum Smart Management Group (Holdings) in the lower half of its industry. The industry median Days Payable is 94.21. Kong Shum Smart Management Group (Holdings)'s value of 1.85 is 98% below this benchmark. Historically, Kong Shum Smart Management Group (Holdings)'s own Days Payable has ranged from 1.31 to 27.62 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 94.21, Kong Shum Smart Management Group (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 Real Estate company?
The median Days Payable among Real Estate companies is 94.21, based on 1,570 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. Kong Shum Smart Management Group (Holdings)'s current Days Payable of 1.85 is 98% 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 Kong Shum Smart Management Group (Holdings) and its competitors. For the Real Estate industry, the median Days Payable is 94.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kong Shum Smart Management Group (Holdings)'s current Days Payable is 1.85, which is 10% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kong Shum Smart Management Group (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Kong Shum Smart Management Group (Holdings) (HKSE:08181) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.05 — trading 21.7% below its estimated fair value. The current Days Payable is 1.85, which is 10% below median its 10-year median of 2.05 and 98% below the Real Estate industry median of 94.21. 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 Kong Shum Smart Management Group (Holdings) (HKSE:08181), the current Days Payable is 1.85 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.

Kong Shum Smart Management Group (Holdings) Business Description

Address 51 Man Yue Street, Unit J, 6th Floor, Triumph Centre, Phase 2, Hunghom, Kowloon, HKG
Kong Shum Smart Management Group (Holdings) Ltd is an investment holding company. The company operates two segments: the provision of property management and related services, and property investment. It generates maximum revenue from the Provision of the property management services segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in the People's Republic of China. The provision of property management services targets residential properties.