THAC Group (Holdings) (HKSE:08232) Days Payable: 23.68 (As of Dec. 2025) — Near Median

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HKSE:08232 THAC Group (Holdings) Ltd HKSE:08232
25 GF Score
Price HK$0.80
GF Value HK$0.25
Valuation Significantly Overvalued
! 7 Warning Signs
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What is THAC Group (Holdings) Days Payable?

THAC Group (Holdings) HKSE:08232 -6.43% 25 Days Payable is 23.68 as of Dec. 2025, which is 2% below its 10-year median of 24.11. GuruFocus rates HKSE:08232 with a GF Score™ of 25/100 and a GF Value™ of HK$0.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 354 Restaurants companies, THAC Group (Holdings) ranks worse than 77.4% on this metric.

THAC Group (Holdings)'s average Accounts Payable for the six months ended in Dec. 2025 was HK$1.71 Mil. THAC Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2025 was HK$13.14 Mil. Hence, THAC Group (Holdings)'s Days Payable for the six months ended in Dec. 2025 was 23.68.

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

HKSE:08232' s Days Payable Range Over the Past 10 Years
Min: 16.32   Med: 24.11   Max: 174.44
Current: 23.51

During the past 11 years, THAC Group (Holdings)'s highest Days Payable was 174.44. The lowest was 16.32. And the median was 24.11.

HKSE:08232's Days Payable is ranked worse than
77.4% of 354 companies
in the Restaurants industry
Industry Median: 35.145 vs HKSE:08232: 23.51

THAC Group (Holdings)'s Days Payable increased from Dec. 2024 (22.77) to Dec. 2025 (23.68). It may suggest that THAC Group (Holdings) delayed paying its suppliers.


THAC Group (Holdings) Days Payable Historical Data

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The historical data trend for THAC 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.

THAC Group (Holdings) Days Payable Chart

THAC Group (Holdings) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.58 19.46 24.65 23.56 22.95

THAC Group (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 22.34 22.78 22.77 22.85 23.68

HKSE:08232 vs MCD, SBUX, YUM: Days Payable Comparison

For the Restaurants subindustry, THAC 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.


THAC Group (Holdings) Days Payable vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, THAC Group (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where THAC Group (Holdings)'s Days Payable falls into.


HKSE:08232
25GF Score
THAC Group (Holdings) Ltd HKSE:08232
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

THAC 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.

THAC Group (Holdings)'s Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (1.699 + 1.772) / 2 ) / 27.601*365
=1.7355 / 27.601*365
=22.95

THAC Group (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
=( (1.655 + 1.756) / 2 ) / 13.143*365 / 2
=1.7055 / 13.143*365 / 2
=23.68

* 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 23.68 mean?
THAC Group (Holdings) (HKSE:08232) has a Days Payable of 23.68 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 THAC Group (Holdings) and its competitors. This is near median its historical median of 24.11. Over the past decade, THAC Group (Holdings)'s Days Payable has ranged from 16.32 to 174.44. According to the industry distribution chart, THAC Group (Holdings) ranks #274 out of 354 companies in the Restaurants industry, placing it in the top 77.4%.
Is THAC Group (Holdings)'s Days Payable too high?
THAC Group (Holdings)'s current Days Payable of 23.68 is near median its 10-year median of 24.11. Over the past 10 years, this metric has ranged from a low of 16.32 to a high of 174.44. The Restaurants industry median Days Payable is 35.15. THAC Group (Holdings)'s value of 23.68 is 32.6% below this industry median. Based on the distribution chart, THAC Group (Holdings) ranks #274 out of 354 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, THAC Group (Holdings) has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does THAC Group (Holdings)'s Days Payable compare to MCD and SBUX?
According to the Restaurants industry distribution chart, THAC Group (Holdings) ranks #274 out of 354 companies for Days Payable. This places THAC Group (Holdings) in the lower half of its industry. The industry median Days Payable is 35.15. THAC Group (Holdings)'s value of 23.68 is 32.6% below this benchmark. Historically, THAC Group (Holdings)'s own Days Payable has ranged from 16.32 to 174.44 over the past decade. While the company's 10-year median is 24.11 vs. the industry median of 35.15, THAC 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 Restaurants company?
The median Days Payable among Restaurants companies is 35.15, based on 354 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. THAC Group (Holdings)'s current Days Payable of 23.68 is 32.6% 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 THAC Group (Holdings) and its competitors. For the Restaurants industry, the median Days Payable is 35.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. THAC Group (Holdings)'s current Days Payable is 23.68, which is near median its own 10-year median of 24.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is THAC Group (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, THAC Group (Holdings) (HKSE:08232) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.80 — trading 220% above its estimated fair value. The current Days Payable is 23.68, which is near median its 10-year median of 24.11 and 32.6% below the Restaurants industry median of 35.15. THAC Group (Holdings)'s overall GF Score™ is 25/100 with 7 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 THAC Group (Holdings) (HKSE:08232), the current Days Payable is 23.68 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 THAC Group (Holdings) (HKSE:08232) Overvalued in 2026?

Based on GuruFocus' analysis, THAC Group (Holdings) stock appears to be overvalued. The current stock price of HK$0.80 is trading 220% above its estimated GF Value™ of HK$0.25. GuruFocus considers THAC Group (Holdings) to be Significantly Overvalued.

Key valuation signals for HKSE:08232:

  • Days Payable: 23.68 (near median its 10-year median of 24.11)
  • GF Value™: HK$0.25 vs. price of HK$0.80 (220% above fair value)
  • GF Score™: 25/100 with 7 warning signs
  • Industry Position: 32.6% below the Restaurants median (#274 of 354)

No single metric tells the full story. See the HKSE:08232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


THAC Group (Holdings) Business Description

Address 30 Wong Chuk Hang Road, 2nd Floor, Cheung Tak Industrial Building, Wong Chuk Hang, Hong Kong, HKG
THAC Group (Holdings) Ltd, formerly known as Classified Group (Holdings) Ltd is a food and beverage company. It is engaged in the Casual restaurant operations segment in which customers would place orders at the front desk and basic table service is provided by the delivery of ordered food to the table. The casual restaurants plans to provide a more casual and relaxing atmosphere. All the group's operations are located in Hong Kong.
25GF Score

Get the complete analysis for HKSE:08232

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

HK$0.80
Price
HK$0.25
GF Value