Indigo Star Holdings (HKSE:08373) Days Payable: 17.08 (As of Dec. 2025) — 39% Below Median

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HKSE:08373 Indigo Star Holdings Ltd HKSE:08373
79 GF Score
Price HK$0.80
GF Value HK$1.12
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Indigo Star Holdings Days Payable?

Indigo Star Holdings HKSE:08373 79 Days Payable is 17.08 as of Dec. 2025, which is 39% below its 10-year median of 28.20. GuruFocus rates HKSE:08373 with a GF Score™ of 79/100 and a GF Value™ of HK$1.12 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,721 Construction companies, Indigo Star Holdings ranks worse than 97.04% on this metric.

Indigo Star Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$20.8 Mil. Indigo Star Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$222.2 Mil. Hence, Indigo Star Holdings's Days Payable for the six months ended in Dec. 2025 was 17.08.

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

HKSE:08373' s Days Payable Range Over the Past 10 Years
Min: 8.19   Med: 28.2   Max: 93.76
Current: 14.74

During the past 11 years, Indigo Star Holdings's highest Days Payable was 93.76. The lowest was 8.19. And the median was 28.20.

HKSE:08373's Days Payable is ranked worse than
97.04% of 1721 companies
in the Construction industry
Industry Median: 76.61 vs HKSE:08373: 14.74

Indigo Star Holdings's Days Payable increased from Dec. 2024 (5.80) to Dec. 2025 (17.08). It may suggest that Indigo Star Holdings delayed paying its suppliers.


Indigo Star Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Indigo Star 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.

Indigo Star Holdings Days Payable Chart

Indigo Star Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.68 14.36 16.75 8.19 17.44

Indigo Star Holdings Semi-Annual Data
Dec15 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 12.79 9.73 5.80 9.05 17.08

HKSE:08373 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Indigo Star 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.


Indigo Star Holdings Days Payable vs Construction Industry

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

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


HKSE:08373
79GF Score
Indigo Star Holdings Ltd HKSE:08373
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indigo Star 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.

Indigo Star Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (7.454 + 30.956) / 2 ) / 401.935*365
=19.205 / 401.935*365
=17.44

Indigo Star 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
=( (10.63 + 30.956) / 2 ) / 222.23*365 / 2
=20.793 / 222.23*365 / 2
=17.08

* 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 17.08 mean?
Indigo Star Holdings (HKSE:08373) has a Days Payable of 17.08 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 Indigo Star Holdings and its competitors. This is 39% below median its historical median of 28.20. Over the past decade, Indigo Star Holdings' Days Payable has ranged from 8.19 to 93.76. According to the industry distribution chart, Indigo Star Holdings ranks #1670 out of 1721 companies in the Construction industry, placing it in the top 97%.
Is Indigo Star Holdings' Days Payable too high?
Indigo Star Holdings' current Days Payable of 17.08 is 39% below median its 10-year median of 28.20. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 93.76. The Construction industry median Days Payable is 76.61. Indigo Star Holdings' value of 17.08 is 77.7% below this industry median. Based on the distribution chart, Indigo Star Holdings ranks #1670 out of 1721 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Indigo Star Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indigo Star Holdings' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Indigo Star Holdings ranks #1670 out of 1721 companies for Days Payable. This places Indigo Star Holdings in the lower half of its industry. The industry median Days Payable is 76.61. Indigo Star Holdings' value of 17.08 is 77.7% below this benchmark. Historically, Indigo Star Holdings' own Days Payable has ranged from 8.19 to 93.76 over the past decade. While the company's 10-year median is 28.20 vs. the industry median of 76.61, Indigo Star 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 1,721 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. Indigo Star Holdings's current Days Payable of 17.08 is 77.7% 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 Indigo Star 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. Indigo Star Holdings's current Days Payable is 17.08, which is 39% below median its own 10-year median of 28.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indigo Star Holdings stock overvalued right now?
Based on GuruFocus' analysis, Indigo Star Holdings (HKSE:08373) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.12, compared to a current price of HK$0.80 — trading 28.6% below its estimated fair value. The current Days Payable is 17.08, which is 39% below median its 10-year median of 28.20 and 77.7% below the Construction industry median of 76.61. Indigo Star Holdings' overall GF Score™ is 79/100 with 5 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 Indigo Star Holdings (HKSE:08373), the current Days Payable is 17.08 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 Indigo Star Holdings (HKSE:08373) Overvalued in 2026?

Based on GuruFocus' analysis, Indigo Star Holdings stock appears to be undervalued. The current stock price of HK$0.80 is trading 28.6% below its estimated GF Value™ of HK$1.12. GuruFocus considers Indigo Star Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08373:

  • Days Payable: 17.08 (39% below median its 10-year median of 28.20)
  • GF Value™: HK$1.12 vs. price of HK$0.80 (28.6% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 77.7% below the Construction median (#1670 of 1721)

No single metric tells the full story. See the HKSE:08373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indigo Star Holdings Business Description

Address 5 Upper Aljunied Link, No. 03-08 Quartz Industrial Building, Singapore, SGP, 367903
Indigo Star Holdings Ltd is a subcontractor specializing in reinforced concrete works and related construction services. The group mainly provides steel reinforcement works, formwork erection, and concrete works, either individually or as an integrated service package, depending on customer requirements. It also engages in the sales of tiles and the trading of mobile phones and accessories. The group operates through three reportable segments: Construction Contract, Sale of Tiles, and Sales of Mobile Phones and Accessories. The Construction Contract segment generates the majority of the revenue. Geographically, the group derives the majority of its revenue from Singapore.
79GF Score

Get the complete analysis for HKSE:08373

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

HK$0.80
Price
HK$1.12
GF Value