Asia Pioneer Entertainment Holdings (HKSE:08400) Days Payable: 48.97 (As of Dec. 2025) — 13% Below Median

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What is Asia Pioneer Entertainment Holdings Days Payable?

Asia Pioneer Entertainment Holdings HKSE:08400 -2.06% Days Payable is 48.97 as of Dec. 2025, which is 13% below its 10-year median of 56.11. Among 777 Travel & Leisure companies, Asia Pioneer Entertainment Holdings ranks worse than 51.35% on this metric.

Asia Pioneer Entertainment Holdings's average Accounts Payable for the six months ended in Dec. 2025 was HK$6.43 Mil. Asia Pioneer Entertainment Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$23.95 Mil. Hence, Asia Pioneer Entertainment Holdings's Days Payable for the six months ended in Dec. 2025 was 48.97.

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

HKSE:08400' s Days Payable Range Over the Past 10 Years
Min: 19.2   Med: 56.11   Max: 117.6
Current: 55.99

During the past 11 years, Asia Pioneer Entertainment Holdings's highest Days Payable was 117.60. The lowest was 19.20. And the median was 56.11.

HKSE:08400's Days Payable is ranked worse than
51.35% of 777 companies
in the Travel & Leisure industry
Industry Median: 57.32 vs HKSE:08400: 55.99

Asia Pioneer Entertainment Holdings's Days Payable increased from Dec. 2024 (24.45) to Dec. 2025 (48.97). It may suggest that Asia Pioneer Entertainment Holdings delayed paying its suppliers.


Asia Pioneer Entertainment Holdings Days Payable Related Terms


Asia Pioneer Entertainment Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Asia Pioneer Entertainment 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.

Asia Pioneer Entertainment Holdings Days Payable Chart

Asia Pioneer Entertainment 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 48.54 19.20 42.22 48.87 35.16

Asia Pioneer Entertainment 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 40.52 37.78 24.45 100.90 48.97

HKSE:08400 vs FLUT, DKNG, SGHC: Days Payable Comparison

For the Gambling subindustry, Asia Pioneer Entertainment 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.


Asia Pioneer Entertainment Holdings Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Asia Pioneer Entertainment Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Asia Pioneer Entertainment Holdings's Days Payable falls into.



Asia Pioneer Entertainment 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.

Asia Pioneer Entertainment 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
=( (3.736 + 3.209) / 2 ) / 36.049*365
=3.4725 / 36.049*365
=35.16

Asia Pioneer Entertainment 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
=( (9.644 + 3.209) / 2 ) / 23.95*365 / 2
=6.4265 / 23.95*365 / 2
=48.97

* 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 48.97 mean?
Asia Pioneer Entertainment Holdings (HKSE:08400) has a Days Payable of 48.97 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 Asia Pioneer Entertainment Holdings and its competitors. This is 13% below median its historical median of 56.11. Over the past decade, Asia Pioneer Entertainment Holdings' Days Payable has ranged from 19.20 to 117.60. According to the industry distribution chart, Asia Pioneer Entertainment Holdings ranks #399 out of 777 companies in the Travel & Leisure industry, placing it in the top 51.4%.
Is Asia Pioneer Entertainment Holdings' Days Payable too high?
Asia Pioneer Entertainment Holdings' current Days Payable of 48.97 is 13% below median its 10-year median of 56.11. Over the past 10 years, this metric has ranged from a low of 19.20 to a high of 117.60. The Travel & Leisure industry median Days Payable is 57.32. Asia Pioneer Entertainment Holdings' value of 48.97 is 14.6% below this industry median. Based on the distribution chart, Asia Pioneer Entertainment Holdings ranks #399 out of 777 companies in the Travel & Leisure industry, which is below the industry midpoint.
How does Asia Pioneer Entertainment Holdings' Days Payable compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Asia Pioneer Entertainment Holdings ranks #399 out of 777 companies for Days Payable. This places Asia Pioneer Entertainment Holdings in the lower half of its industry. The industry median Days Payable is 57.32. Asia Pioneer Entertainment Holdings' value of 48.97 is 14.6% below this benchmark. Historically, Asia Pioneer Entertainment Holdings' own Days Payable has ranged from 19.20 to 117.60 over the past decade. While the company's 10-year median is 56.11 vs. the industry median of 57.32, Asia Pioneer Entertainment 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 57.32, based on 777 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. Asia Pioneer Entertainment Holdings's current Days Payable of 48.97 is 14.6% 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 Asia Pioneer Entertainment Holdings and its competitors. For the Travel & Leisure industry, the median Days Payable is 57.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Pioneer Entertainment Holdings's current Days Payable is 48.97, which is 13% below median its own 10-year median of 56.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Pioneer Entertainment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Pioneer Entertainment Holdings (HKSE:08400) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.10 — trading 18.8% above its estimated fair value. The current Days Payable is 48.97, which is 13% below median its 10-year median of 56.11 and 14.6% below the Travel & Leisure industry median of 57.32. 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 Asia Pioneer Entertainment Holdings (HKSE:08400), the current Days Payable is 48.97 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.

Asia Pioneer Entertainment Holdings Business Description

Address Em Macau, Estrada Marginal, Do Hipodromo NoS 56-66, Industrial Lee Cheung F10, Macau, MAC
Asia Pioneer Entertainment Holdings Ltd is an investment holding company. Its segments include EGE Business and Smart VM Business. EGE business engaged in three divisions Technical Sales and Distribution of Electronic Gaming Equipment, Consultancy and Technical Services, and Repair Services. Smart VM Business engaged in sales of various Macau-sourced products to consumers and travelers through Smart VM in the Macau SAR and the People's Republic of China. Its generate the majority of its revenue from the EGE business.