Mi Ming Mart Holdings (HKSE:08473) Days Payable: 15.39 (As of Mar. 2026) — 35% Above Median

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What is Mi Ming Mart Holdings Days Payable?

Mi Ming Mart Holdings HKSE:08473 -1.04% Days Payable is 15.39 as of Mar. 2026, which is 35% above its 10-year median of 11.43. The stock has 7 warning signs investors should review. Among 1,105 Retail - Cyclical companies, Mi Ming Mart Holdings ranks worse than 85.52% on this metric.

Mi Ming Mart Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$2.1 Mil. Mi Ming Mart Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$24.8 Mil. Hence, Mi Ming Mart Holdings's Days Payable for the six months ended in Mar. 2026 was 15.39.

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

HKSE:08473' s Days Payable Range Over the Past 10 Years
Min: 6.35   Med: 11.43   Max: 16.6
Current: 16.6

During the past 12 years, Mi Ming Mart Holdings's highest Days Payable was 16.60. The lowest was 6.35. And the median was 11.43.

HKSE:08473's Days Payable is ranked worse than
85.52% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 51.29 vs HKSE:08473: 16.60

Mi Ming Mart Holdings's Days Payable increased from Mar. 2025 (14.94) to Mar. 2026 (15.39). It may suggest that Mi Ming Mart Holdings delayed paying its suppliers.


Mi Ming Mart Holdings Days Payable Historical Data

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The historical data trend for Mi Ming Mart 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.

Mi Ming Mart Holdings Days Payable Chart

Mi Ming Mart 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 10.52 9.37 6.35 12.35 14.21

Mi Ming Mart 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 9.90 7.44 14.94 20.33 15.39

HKSE:08473 vs CASY, WSM, DKS: Days Payable Comparison

For the Specialty Retail subindustry, Mi Ming Mart 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.


Mi Ming Mart Holdings Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mi Ming Mart Holdings's Days Payable distribution charts can be found below:

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



Mi Ming Mart 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.

Mi Ming Mart 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
=( (2.426 + 1.345) / 2 ) / 48.446*365
=1.8855 / 48.446*365
=14.21

Mi Ming Mart 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
=( (2.839 + 1.345) / 2 ) / 24.813*365 / 2
=2.092 / 24.813*365 / 2
=15.39

* 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 15.39 mean?
Mi Ming Mart Holdings (HKSE:08473) has a Days Payable of 15.39 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 Mi Ming Mart Holdings and its competitors. This is 35% above median its historical median of 11.43. Over the past decade, Mi Ming Mart Holdings' Days Payable has ranged from 6.35 to 16.60. According to the industry distribution chart, Mi Ming Mart Holdings ranks #945 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 85.5%.
Is Mi Ming Mart Holdings' Days Payable too high?
Mi Ming Mart Holdings' current Days Payable of 15.39 is 35% above median its 10-year median of 11.43. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 16.60. The Retail - Cyclical industry median Days Payable is 51.29. Mi Ming Mart Holdings' value of 15.39 is 70% below this industry median. Based on the distribution chart, Mi Ming Mart Holdings ranks #945 out of 1105 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers.
How does Mi Ming Mart Holdings' Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Mi Ming Mart Holdings ranks #945 out of 1105 companies for Days Payable. This places Mi Ming Mart Holdings in the lower half of its industry. The industry median Days Payable is 51.29. Mi Ming Mart Holdings' value of 15.39 is 70% below this benchmark. Historically, Mi Ming Mart Holdings' own Days Payable has ranged from 6.35 to 16.60 over the past decade. While the company's 10-year median is 11.43 vs. the industry median of 51.29, Mi Ming Mart 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.29, based on 1,105 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. Mi Ming Mart Holdings's current Days Payable of 15.39 is 70% 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 Mi Ming Mart Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mi Ming Mart Holdings's current Days Payable is 15.39, which is 35% above median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mi Ming Mart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mi Ming Mart Holdings (HKSE:08473) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.10 — trading 5% below its estimated fair value. The current Days Payable is 15.39, which is 35% above median its 10-year median of 11.43 and 70% below the Retail - Cyclical industry median of 51.29. 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 Mi Ming Mart Holdings (HKSE:08473), the current Days Payable is 15.39 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.

Mi Ming Mart Holdings Business Description

Address 18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG
Mi Ming Mart Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in retailing multi-brand beauty and health products and providing beauty services in Hong Kong. The group derives a majority of its revenue from the sale of skincare, cosmetics, food and health supplements, and other products. Geographically, it derives maximum revenue from Hong Kong, and the rest from the United States of America, Macau, and Japan.