Wing Lee Development Construction Holdings (HKSE:09639) Days Payable: 53.40 (As of Mar. 2026) — 17% Below Median

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HKSE:09639 Wing Lee Development Construction Holdings Ltd HKSE:09639
19 GF Score
Price HK$0.93
! 5 Warning Signs
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What is Wing Lee Development Construction Holdings Days Payable?

Wing Lee Development Construction Holdings HKSE:09639 19 Days Payable is 53.40 as of Mar. 2026, which is 17% below its 10-year median of 64.33. GuruFocus rates HKSE:09639 with a GF Score™ of 19/100. The stock has 5 warning signs investors should review. Among 1,727 Construction companies, Wing Lee Development Construction Holdings ranks worse than 57.56% on this metric.

Wing Lee Development Construction Holdings's average Accounts Payable for the six months ended in Mar. 2026 was HK$96.1 Mil. Wing Lee Development Construction Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was HK$328.5 Mil. Hence, Wing Lee Development Construction Holdings's Days Payable for the six months ended in Mar. 2026 was 53.40.

The historical rank and industry rank for Wing Lee Development Construction Holdings's Days Payable or its related term are showing as below:

HKSE:09639' s Days Payable Range Over the Past 10 Years
Min: 54.66   Med: 64.33   Max: 76.85
Current: 65.39

During the past 5 years, Wing Lee Development Construction Holdings's highest Days Payable was 76.85. The lowest was 54.66. And the median was 64.33.

HKSE:09639's Days Payable is ranked worse than
57.56% of 1727 companies
in the Construction industry
Industry Median: 77.4 vs HKSE:09639: 65.39

Wing Lee Development Construction Holdings's Days Payable declined from Mar. 2025 (65.53) to Mar. 2026 (53.40). It may suggest that Wing Lee Development Construction Holdings accelerated paying its suppliers.


Wing Lee Development Construction Holdings Days Payable Related Terms


Wing Lee Development Construction Holdings Days Payable Historical Data

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The historical data trend for Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings Days Payable Chart

Wing Lee Development Construction Holdings Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
64.12 76.34 55.91 54.66 68.79

Wing Lee Development Construction Holdings Semi-Annual Data
Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial 63.14 47.88 65.53 78.76 53.40

HKSE:09639 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Wing Lee Development Construction 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.


Wing Lee Development Construction Holdings Days Payable vs Construction Industry

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

* The bar in red indicates where Wing Lee Development Construction Holdings's Days Payable falls into.


HKSE:09639
19GF Score
Wing Lee Development Construction Holdings Ltd HKSE:09639
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Wing Lee Development Construction 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.

Wing Lee Development Construction 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
=( (91.977 + 111.353) / 2 ) / 539.426*365
=101.665 / 539.426*365
=68.79

Wing Lee Development Construction 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
=( (80.895 + 111.353) / 2 ) / 328.515*365 / 2
=96.124 / 328.515*365 / 2
=53.40

* 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 53.40 mean?
Wing Lee Development Construction Holdings (HKSE:09639) has a Days Payable of 53.40 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 Wing Lee Development Construction Holdings and its competitors. This is 17% below median its historical median of 64.33. Over the past decade, Wing Lee Development Construction Holdings' Days Payable has ranged from 54.66 to 76.85. According to the industry distribution chart, Wing Lee Development Construction Holdings ranks #994 out of 1727 companies in the Construction industry, placing it in the top 57.6%.
Is Wing Lee Development Construction Holdings' Days Payable too high?
Wing Lee Development Construction Holdings' current Days Payable of 53.40 is 17% below median its 10-year median of 64.33. Over the past 10 years, this metric has ranged from a low of 54.66 to a high of 76.85. The Construction industry median Days Payable is 77.40. Wing Lee Development Construction Holdings' value of 53.40 is 31% below this industry median. Based on the distribution chart, Wing Lee Development Construction Holdings ranks #994 out of 1727 companies in the Construction industry, which is below the industry midpoint. Overall, Wing Lee Development Construction Holdings has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Wing Lee Development Construction Holdings' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Wing Lee Development Construction Holdings ranks #994 out of 1727 companies for Days Payable. This places Wing Lee Development Construction Holdings in the lower half of its industry. The industry median Days Payable is 77.40. Wing Lee Development Construction Holdings' value of 53.40 is 31% below this benchmark. Historically, Wing Lee Development Construction Holdings' own Days Payable has ranged from 54.66 to 76.85 over the past decade. While the company's 10-year median is 64.33 vs. the industry median of 77.40, Wing Lee Development Construction 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 77.40, based on 1,727 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. Wing Lee Development Construction Holdings's current Days Payable of 53.40 is 31% 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 Wing Lee Development Construction Holdings and its competitors. For the Construction industry, the median Days Payable is 77.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wing Lee Development Construction Holdings's current Days Payable is 53.40, which is 17% below median its own 10-year median of 64.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wing Lee Development Construction Holdings stock overvalued right now?
Wing Lee Development Construction Holdings (HKSE:09639) has a current Days Payable of 53.40. The current Days Payable is 53.40, which is 17% below median its 10-year median of 64.33 and 31% below the Construction industry median of 77.40. Wing Lee Development Construction Holdings' overall GF Score™ is 19/100 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 Wing Lee Development Construction Holdings (HKSE:09639), the current Days Payable is 53.40 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.

Wing Lee Development Construction Holdings Business Description

Address No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG
Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialized in site formation works and road and drainage works, and its electrical cable engineering works specialized in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.
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HK$0.93
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