Harvey Norman HoldingsHNORF 54 Days Payable is 60.71 as of Dec. 2025, which is 11% above its 10-year median of 54.71. GuruFocus rates HNORF with a GF Score™ of 54/100 and a GF Value™ of $3.07 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,102 Retail - Cyclical companies, Harvey Norman Holdings ranks better than 63.52% on this metric.
* 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.
For the Specialty Retail subindustry, Harvey Norman 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.
Harvey Norman Holdings Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's Days Payable falls into.
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.
Harvey Norman Holdings's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Harvey Norman Holdings (HNORF) has a Days Payable of 60.71 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 Harvey Norman Holdings and its competitors. This is 11% above median its historical median of 54.71. Over the past decade, Harvey Norman Holdings' Days Payable has ranged from 50.51 to 193.84. According to the industry distribution chart, Harvey Norman Holdings ranks #402 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 36.5%.
Is Harvey Norman Holdings' Days Payable too high?
Harvey Norman Holdings' current Days Payable of 60.71 is 11% above median its 10-year median of 54.71. Over the past 10 years, this metric has ranged from a low of 50.51 to a high of 193.84. The Retail - Cyclical industry median Days Payable is 51.22. Harvey Norman Holdings' value of 60.71 is 18.5% above this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #402 out of 1102 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Harvey Norman Holdings has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #402 out of 1102 companies for Days Payable. This puts Harvey Norman Holdings in the upper half of its industry. The industry median Days Payable is 51.22. Harvey Norman Holdings' value of 60.71 is 18.5% above this benchmark. Historically, Harvey Norman Holdings' own Days Payable has ranged from 50.51 to 193.84 over the past decade. While the company's 10-year median is 54.71 vs. the industry median of 51.22, Harvey Norman Holdings 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.22, based on 1,102 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. Harvey Norman Holdings's current Days Payable of 60.71 is 18.5% 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 Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current Days Payable is 60.71, which is 11% above median its own 10-year median of 54.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvey Norman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Harvey Norman Holdings (HNORF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.07, compared to a current price of $3.72 — trading 21.2% above its estimated fair value. The current Days Payable is 60.71, which is 11% above median its 10-year median of 54.71 and 18.5% above the Retail - Cyclical industry median of 51.22. Harvey Norman Holdings' overall GF Score™ is 54/100 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 Harvey Norman Holdings (HNORF), the current Days Payable is 60.71 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 Harvey Norman Holdings (HNORF) Overvalued in 2026?
Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be overvalued.
The current stock price of $3.72 is trading 21.2% above its estimated GF Value™ of $3.07.
GuruFocus considers Harvey Norman Holdings to be Modestly Overvalued.
Key valuation signals for HNORF:
Days Payable: 60.71 (11% above median its 10-year median of 54.71)
GF Value™: $3.07 vs. price of $3.72 (21.2% above fair value)
Industry Position: 18.5% above the Retail - Cyclical median (#402 of 1102)
No single metric tells the full story. See the HNORF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.
54GF Score
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