RAY (Raytech Holding) Days Payable: 5.08 (As of Sep. 2025) — 41% Below Median


RAY Raytech Holding Ltd RAY
24 GF Score
Price $2.99
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What is Raytech Holding Days Payable?

Raytech Holding RAY -2.92% 24 Days Payable is 5.08 as of Sep. 2025, which is 41% below its 10-year median of 8.54. GuruFocus rates RAY with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,888 Consumer Packaged Goods companies, Raytech Holding ranks worse than 97.25% on this metric.

Raytech Holding's average Accounts Payable for the six months ended in Sep. 2025 was $0.10 Mil. Raytech Holding's Cost of Goods Sold for the six months ended in Sep. 2025 was $3.56 Mil. Hence, Raytech Holding's Days Payable for the six months ended in Sep. 2025 was 5.08.

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

RAY' s Days Payable Range Over the Past 10 Years
Min: 3.59   Med: 8.54   Max: 11
Current: 5.88

During the past 5 years, Raytech Holding's highest Days Payable was 11.00. The lowest was 3.59. And the median was 8.54.

RAY's Days Payable is ranked worse than
97.25% of 1888 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs RAY: 5.88

Raytech Holding's Days Payable increased from Sep. 2024 (4.90) to Sep. 2025 (5.08). It may suggest that Raytech Holding delayed paying its suppliers.


Raytech Holding Days Payable Historical Data

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The historical data trend for Raytech Holding'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.

Raytech Holding Days Payable Chart

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
11.00 8.74 8.54 5.15 3.59

Raytech Holding 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 4.94 4.32 4.90 5.31 5.08

RAY vs DQWS, PURE, TANH: Days Payable Comparison

For the Household & Personal Products subindustry, Raytech Holding'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.


Raytech Holding Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Raytech Holding's Days Payable falls into.


RAY
24GF Score
Raytech Holding Ltd RAY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Raytech Holding 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.

Raytech Holding'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
=( (0.094 + 0.06) / 2 ) / 7.839*365
=0.077 / 7.839*365
=3.59

Raytech Holding'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
=( (0.06 + 0.138) / 2 ) / 3.559*365 / 2
=0.099 / 3.559*365 / 2
=5.08

* 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 5.08 mean?
Raytech Holding (RAY) has a Days Payable of 5.08 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 Raytech Holding and its competitors. This is 41% below median its historical median of 8.54. Over the past decade, Raytech Holding's Days Payable has ranged from 3.59 to 11.00. According to the industry distribution chart, Raytech Holding ranks #1836 out of 1888 companies in the Consumer Packaged Goods industry, placing it in the top 97.2%.
Is Raytech Holding's Days Payable too high?
Raytech Holding's current Days Payable of 5.08 is 41% below median its 10-year median of 8.54. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 11.00. The Consumer Packaged Goods industry median Days Payable is 44.15. Raytech Holding's value of 5.08 is 88.5% below this industry median. Based on the distribution chart, Raytech Holding ranks #1836 out of 1888 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Raytech Holding has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Raytech Holding's Days Payable compare to DQWS and PURE?
According to the Consumer Packaged Goods industry distribution chart, Raytech Holding ranks #1836 out of 1888 companies for Days Payable. This places Raytech Holding in the lower half of its industry. The industry median Days Payable is 44.15. Raytech Holding's value of 5.08 is 88.5% below this benchmark. Historically, Raytech Holding's own Days Payable has ranged from 3.59 to 11.00 over the past decade. While the company's 10-year median is 8.54 vs. the industry median of 44.15, Raytech Holding 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,888 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. Raytech Holding's current Days Payable of 5.08 is 88.5% 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 Raytech Holding and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raytech Holding's current Days Payable is 5.08, which is 41% below median its own 10-year median of 8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raytech Holding stock overvalued right now?
Raytech Holding (RAY) has a current Days Payable of 5.08. The current Days Payable is 5.08, which is 41% below median its 10-year median of 8.54 and 88.5% below the Consumer Packaged Goods industry median of 44.15. Raytech Holding's overall GF Score™ is 24/100 with 1 warning sign 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 Raytech Holding (RAY), the current Days Payable is 5.08 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.

Raytech Holding Business Description

Address No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.
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