Top Standard (HKSE:08510) Days Payable: 127.14 (As of Dec. 2025) — 25% 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.

HKSE:08510 Top Standard Corp HKSE:08510
37 GF Score
Price HK$0.18
GF Value HK$0.17
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Top Standard Days Payable?

Top Standard HKSE:08510 37 Days Payable is 127.14 as of Dec. 2025, which is 25% above its 10-year median of 102.01. GuruFocus rates HKSE:08510 with a GF Score™ of 37/100 and a GF Value™ of HK$0.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 353 Restaurants companies, Top Standard ranks better than 90.08% on this metric.

Top Standard's average Accounts Payable for the six months ended in Dec. 2025 was HK$4.55 Mil. Top Standard's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$6.54 Mil. Hence, Top Standard's Days Payable for the six months ended in Dec. 2025 was 127.14.

The historical rank and industry rank for Top Standard's Days Payable or its related term are showing as below:

HKSE:08510' s Days Payable Range Over the Past 10 Years
Min: 13.29   Med: 102.01   Max: 249.23
Current: 111.23

During the past 10 years, Top Standard's highest Days Payable was 249.23. The lowest was 13.29. And the median was 102.01.

HKSE:08510's Days Payable is ranked better than
90.08% of 353 companies
in the Restaurants industry
Industry Median: 34.43 vs HKSE:08510: 111.23

Top Standard's Days Payable increased from Dec. 2024 (97.10) to Dec. 2025 (127.14). It may suggest that Top Standard delayed paying its suppliers.


Top Standard Days Payable Historical Data

* Premium members only.

The historical data trend for Top Standard'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.

Top Standard Days Payable Chart

Top Standard Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 249.23 72.51 102.15 111.59 105.73

Top Standard Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 154.63 133.28 97.10 102.82 127.14

HKSE:08510 vs MCD, SBUX, CMG: Days Payable Comparison

For the Restaurants subindustry, Top Standard'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.


Top Standard Days Payable vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Top Standard's Days Payable distribution charts can be found below:

* The bar in red indicates where Top Standard's Days Payable falls into.


HKSE:08510
37GF Score
Top Standard Corp HKSE:08510
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Standard 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.

Top Standard'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
=( (3.914 + 4.338) / 2 ) / 14.244*365
=4.126 / 14.244*365
=105.73

Top Standard'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
=( (4.77 + 4.338) / 2 ) / 6.537*365 / 2
=4.554 / 6.537*365 / 2
=127.14

* 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 127.14 mean?
Top Standard (HKSE:08510) has a Days Payable of 127.14 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 Top Standard and its competitors. This is 25% above median its historical median of 102.01. Over the past decade, Top Standard's Days Payable has ranged from 13.29 to 249.23. According to the industry distribution chart, Top Standard ranks #35 out of 353 companies in the Restaurants industry, placing it in the top 9.9%.
Is Top Standard's Days Payable too high?
Top Standard's current Days Payable of 127.14 is 25% above median its 10-year median of 102.01. Over the past 10 years, this metric has ranged from a low of 13.29 to a high of 249.23. The Restaurants industry median Days Payable is 34.43. Top Standard's value of 127.14 is 269.3% above this industry median. Based on the distribution chart, Top Standard ranks #35 out of 353 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Top Standard has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Top Standard's Days Payable compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Top Standard ranks #35 out of 353 companies for Days Payable. This places Top Standard in the top 10% of its industry — outperforming the majority of peers. The industry median Days Payable is 34.43. Top Standard's value of 127.14 is 269.3% above this benchmark. Historically, Top Standard's own Days Payable has ranged from 13.29 to 249.23 over the past decade. While the company's 10-year median is 102.01 vs. the industry median of 34.43, Top Standard has consistently been above 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 34.43, based on 353 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. Top Standard's current Days Payable of 127.14 is 269.3% above 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 Top Standard and its competitors. For the Restaurants industry, the median Days Payable is 34.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Standard's current Days Payable is 127.14, which is 25% above median its own 10-year median of 102.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Standard stock overvalued right now?
Based on GuruFocus' analysis, Top Standard (HKSE:08510) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.18 — trading 3.5% above its estimated fair value. The current Days Payable is 127.14, which is 25% above median its 10-year median of 102.01 and 269.3% above the Restaurants industry median of 34.43. Top Standard's overall GF Score™ is 37/100 with 6 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 Top Standard (HKSE:08510), the current Days Payable is 127.14 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 Top Standard (HKSE:08510) Overvalued in 2026?

Based on GuruFocus' analysis, Top Standard stock appears to be overvalued. The current stock price of HK$0.18 is trading 3.5% above its estimated GF Value™ of HK$0.17. GuruFocus considers Top Standard to be Fairly Valued.

Key valuation signals for HKSE:08510:

  • Days Payable: 127.14 (25% above median its 10-year median of 102.01)
  • GF Value™: HK$0.17 vs. price of HK$0.18 (3.5% above fair value)
  • GF Score™: 37/100 with 6 warning signs
  • Industry Position: 269.3% above the Restaurants median (#35 of 353)

No single metric tells the full story. See the HKSE:08510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Top Standard Business Description

Address 87 Hung To Road, Unit 3C, 3rd Floor, Yue Xiu Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG
Top Standard Corp is an investment holding company. Along with its subsidiaries, it is engaged in operating restaurants and bars in Hong Kong and Southeast Asia, and online sales of wines. The group has two operating and reportable segments: catering service and online sales of wines. The majority of its revenue comes from food catering services, which include food and beverages served. Geographically, the group generates maximum revenue from Malaysia, and also has a presence in Hong Kong and Singapore.
37GF Score

Get the complete analysis for HKSE:08510

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

HK$0.18
Price
HK$0.17
GF Value