Hing Ming Holdings (HKSE:08425) Days Payable: 40.34 (As of Mar. 2026) — 322% 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 Hing Ming Holdings Days Payable?

Hing Ming Holdings HKSE:08425 Days Payable is 40.34 as of Mar. 2026, which is 322% above its 10-year median of 9.55. The stock has 8 warning signs investors should review. Among 945 Business Services companies, Hing Ming Holdings ranks worse than 52.06% on this metric.

Hing Ming Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$8.7 Mil. Hing Ming Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$39.6 Mil. Hence, Hing Ming Holdings's Days Payable for the six months ended in Mar. 2026 was 40.34.

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

HKSE:08425' s Days Payable Range Over the Past 10 Years
Min: 0.95   Med: 9.55   Max: 49
Current: 43.1

During the past 12 years, Hing Ming Holdings's highest Days Payable was 49.00. The lowest was 0.95. And the median was 9.55.

HKSE:08425's Days Payable is ranked worse than
52.06% of 945 companies
in the Business Services industry
Industry Median: 45.76 vs HKSE:08425: 43.10

Hing Ming Holdings's Days Payable increased from Mar. 2025 (24.72) to Mar. 2026 (40.34). It may suggest that Hing Ming Holdings delayed paying its suppliers.


Hing Ming Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hing Ming 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.

Hing Ming Holdings Days Payable Chart

Hing Ming 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 11.77 33.72 48.00 49.00 40.07

Hing Ming 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 36.57 38.29 24.72 48.92 40.34

HKSE:08425 vs URI, SUNB, AER: Days Payable Comparison

For the Rental & Leasing Services subindustry, Hing Ming 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.


Hing Ming Holdings Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Hing Ming Holdings's Days Payable distribution charts can be found below:

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



Hing Ming 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.

Hing Ming 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
=( (10.366 + 6.902) / 2 ) / 78.64*365
=8.634 / 78.64*365
=40.07

Hing Ming 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
=( (10.587 + 6.902) / 2 ) / 39.558*365 / 2
=8.7445 / 39.558*365 / 2
=40.34

* 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 40.34 mean?
Hing Ming Holdings (HKSE:08425) has a Days Payable of 40.34 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 Hing Ming Holdings and its competitors. This is 322% above median its historical median of 9.55. Over the past decade, Hing Ming Holdings' Days Payable has ranged from 0.95 to 49.00. According to the industry distribution chart, Hing Ming Holdings ranks #492 out of 945 companies in the Business Services industry, placing it in the top 52.1%.
Is Hing Ming Holdings' Days Payable too high?
Hing Ming Holdings' current Days Payable of 40.34 is 322% above median its 10-year median of 9.55. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 49.00. The Business Services industry median Days Payable is 45.76. Hing Ming Holdings' value of 40.34 is 11.8% below this industry median. Based on the distribution chart, Hing Ming Holdings ranks #492 out of 945 companies in the Business Services industry, which is below the industry midpoint.
How does Hing Ming Holdings' Days Payable compare to URI and SUNB?
According to the Business Services industry distribution chart, Hing Ming Holdings ranks #492 out of 945 companies for Days Payable. This places Hing Ming Holdings in the lower half of its industry. The industry median Days Payable is 45.76. Hing Ming Holdings' value of 40.34 is 11.8% below this benchmark. Historically, Hing Ming Holdings' own Days Payable has ranged from 0.95 to 49.00 over the past decade. While the company's 10-year median is 9.55 vs. the industry median of 45.76, Hing Ming 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 Business Services company?
The median Days Payable among Business Services companies is 45.76, based on 945 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. Hing Ming Holdings's current Days Payable of 40.34 is 11.8% 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 Hing Ming Holdings and its competitors. For the Business Services industry, the median Days Payable is 45.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hing Ming Holdings's current Days Payable is 40.34, which is 322% above median its own 10-year median of 9.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hing Ming Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hing Ming Holdings (HKSE:08425) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.10 — trading 20% above its estimated fair value. The current Days Payable is 40.34, which is 322% above median its 10-year median of 9.55 and 11.8% below the Business Services industry median of 45.76. 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 Hing Ming Holdings (HKSE:08425), the current Days Payable is 40.34 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.

Hing Ming Holdings Business Description

Address 83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG
Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope. The only operating segment of the Group is rental and related services, and trading of equipment and spare parts.