PMA (Ming Shing Group Holdings) Days Payable: 53.92 (As of Sep. 2025) — 46% Above Median


PMA Ming Shing Group Holdings Ltd PMA
17 GF Score
Price $1.62
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What is Ming Shing Group Holdings Days Payable?

Ming Shing Group Holdings PMA +21.80% 17 Days Payable is 53.92 as of Sep. 2025, which is 46% above its 10-year median of 36.93. GuruFocus rates PMA with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,712 Construction companies, Ming Shing Group Holdings ranks worse than 83.64% on this metric.

Ming Shing Group Holdings's average Accounts Payable for the six months ended in Sep. 2025 was $3.31 Mil. Ming Shing Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2025 was $11.20 Mil. Hence, Ming Shing Group Holdings's Days Payable for the six months ended in Sep. 2025 was 53.92.

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

PMA' s Days Payable Range Over the Past 10 Years
Min: 31.32   Med: 36.93   Max: 41
Current: 36.72

During the past 5 years, Ming Shing Group Holdings's highest Days Payable was 41.00. The lowest was 31.32. And the median was 36.93.

PMA's Days Payable is ranked worse than
83.64% of 1712 companies
in the Construction industry
Industry Median: 76.635 vs PMA: 36.72

Ming Shing Group Holdings's Days Payable increased from Sep. 2024 (36.53) to Sep. 2025 (53.92). It may suggest that Ming Shing Group Holdings delayed paying its suppliers.


Ming Shing Group Holdings Days Payable Historical Data

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The historical data trend for Ming Shing Group 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.

Ming Shing Group Holdings Days Payable Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
31.32 35.18 36.93 41.00 37.02

Ming Shing Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.30 40.91 36.53 30.83 53.92

PMA vs ONEG, ZDAI, SKK: Days Payable Comparison

For the Engineering & Construction subindustry, Ming Shing Group 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.


Ming Shing Group Holdings Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Days Payable distribution charts can be found below:

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


PMA
17GF Score
Ming Shing Group Holdings Ltd PMA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ming Shing Group 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.

Ming Shing Group Holdings's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (3.166 + 3.965) / 2 ) / 35.157*365
=3.5655 / 35.157*365
=37.02

Ming Shing Group Holdings's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (3.965 + 2.654) / 2 ) / 11.201*365 / 2
=3.3095 / 11.201*365 / 2
=53.92

* 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 53.92 mean?
Ming Shing Group Holdings (PMA) has a Days Payable of 53.92 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ming Shing Group Holdings and its competitors. This is 46% above median its historical median of 36.93. Over the past decade, Ming Shing Group Holdings' Days Payable has ranged from 31.32 to 41.00. According to the industry distribution chart, Ming Shing Group Holdings ranks #1432 out of 1712 companies in the Construction industry, placing it in the top 83.6%.
Is Ming Shing Group Holdings' Days Payable too high?
Ming Shing Group Holdings' current Days Payable of 53.92 is 46% above median its 10-year median of 36.93. Over the past 10 years, this metric has ranged from a low of 31.32 to a high of 41.00. The Construction industry median Days Payable is 76.64. Ming Shing Group Holdings' value of 53.92 is 29.6% below this industry median. Based on the distribution chart, Ming Shing Group Holdings ranks #1432 out of 1712 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ming Shing Group Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ming Shing Group Holdings' Days Payable compare to ONEG and ZDAI?
According to the Construction industry distribution chart, Ming Shing Group Holdings ranks #1432 out of 1712 companies for Days Payable. This places Ming Shing Group Holdings in the lower half of its industry. The industry median Days Payable is 76.64. Ming Shing Group Holdings' value of 53.92 is 29.6% below this benchmark. Historically, Ming Shing Group Holdings' own Days Payable has ranged from 31.32 to 41.00 over the past decade. While the company's 10-year median is 36.93 vs. the industry median of 76.64, Ming Shing Group 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 76.64, based on 1,712 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. Ming Shing Group Holdings's current Days Payable of 53.92 is 29.6% 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 Ming Shing Group Holdings and its competitors. For the Construction industry, the median Days Payable is 76.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ming Shing Group Holdings's current Days Payable is 53.92, which is 46% above median its own 10-year median of 36.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Shing Group Holdings stock overvalued right now?
Ming Shing Group Holdings (PMA) has a current Days Payable of 53.92. The current Days Payable is 53.92, which is 46% above median its 10-year median of 36.93 and 29.6% below the Construction industry median of 76.64. Ming Shing Group Holdings' overall GF Score™ is 17/100 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 Ming Shing Group Holdings (PMA), the current Days Payable is 53.92 as of Sep. 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.

Ming Shing Group Holdings Business Description

Address No. 888 Lai Chi Kok Road, Office Unit B8, 27th floor, NCB Innovation Centre, Kowloon, Hong Kong, HKG
Ming Shing Group Holdings Ltd is a holding company, which is principally operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects. It derives maximum revenue from Private sector.
17GF Score

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

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