Hotung Investment Holdings (SGX:BLS) Days Payable: 406.10 (As of Dec. 2025) — 55% Above Median

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SGX:BLS Hotung Investment Holdings Ltd SGX:BLS
68 GF Score
Price S$1.61
GF Value S$3.34
Valuation Possible Value Trap
! 9 Warning Signs
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What is Hotung Investment Holdings Days Payable?

Hotung Investment Holdings SGX:BLS 68 Days Payable is 406.10 as of Dec. 2025, which is 55% above its 10-year median of 261.93. GuruFocus rates SGX:BLS with a GF Score™ of 68/100 and a GF Value™ of S$3.34 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 481 Asset Management companies, Hotung Investment Holdings ranks better than 83.16% on this metric.

Hotung Investment Holdings's average Accounts Payable for the six months ended in Dec. 2025 was S$4.56 Mil. Hotung Investment Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was S$2.05 Mil. Hence, Hotung Investment Holdings's Days Payable for the six months ended in Dec. 2025 was 406.10.

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

SGX:BLS' s Days Payable Range Over the Past 10 Years
Min: 261.93   Med: 261.93   Max: 467.38
Current: 467.38

During the past 13 years, Hotung Investment Holdings's highest Days Payable was 467.38. The lowest was 261.93. And the median was 261.93.

SGX:BLS's Days Payable is ranked better than
83.16% of 481 companies
in the Asset Management industry
Industry Median: 70.48 vs SGX:BLS: 467.38

Hotung Investment Holdings's Days Payable declined from Dec. 2024 (410.96) to Dec. 2025 (406.10). It may suggest that Hotung Investment Holdings accelerated paying its suppliers.


Hotung Investment Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hotung Investment 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.

Hotung Investment Holdings Days Payable Chart

Hotung Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Hotung Investment Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 Premium Member Only 505.42 523.73 410.96 501.08 406.10

SGX:BLS vs BLK, BX, KKR: Days Payable Comparison

For the Asset Management subindustry, Hotung Investment 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.


Hotung Investment Holdings Days Payable vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hotung Investment Holdings's Days Payable falls into.


SGX:BLS
68GF Score
Hotung Investment Holdings Ltd SGX:BLS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotung Investment 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.

Hotung Investment Holdings'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
=( (0 + 0) / 1 ) / 3.624*365
=0 / 3.624*365
=0.00

Hotung Investment Holdings'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
=( (4.555 + 0) / 1 ) / 2.047*365 / 2
=4.555 / 2.047*365 / 2
=406.10

* 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 406.10 mean?
Hotung Investment Holdings (SGX:BLS) has a Days Payable of 406.10 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 Hotung Investment Holdings and its competitors. This is 55% above median its historical median of 261.93. Over the past decade, Hotung Investment Holdings' Days Payable has ranged from 261.93 to 467.38. According to the industry distribution chart, Hotung Investment Holdings ranks #81 out of 481 companies in the Asset Management industry, placing it in the top 16.8%.
Is Hotung Investment Holdings' Days Payable too high?
Hotung Investment Holdings' current Days Payable of 406.10 is 55% above median its 10-year median of 261.93. Over the past 10 years, this metric has ranged from a low of 261.93 to a high of 467.38. The Asset Management industry median Days Payable is 70.48. Hotung Investment Holdings' value of 406.10 is 476.2% above this industry median. Based on the distribution chart, Hotung Investment Holdings ranks #81 out of 481 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hotung Investment Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hotung Investment Holdings' Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Hotung Investment Holdings ranks #81 out of 481 companies for Days Payable. This places Hotung Investment Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 70.48. Hotung Investment Holdings' value of 406.10 is 476.2% above this benchmark. Historically, Hotung Investment Holdings' own Days Payable has ranged from 261.93 to 467.38 over the past decade. While the company's 10-year median is 261.93 vs. the industry median of 70.48, Hotung Investment 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.48, based on 481 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. Hotung Investment Holdings's current Days Payable of 406.10 is 476.2% 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 Hotung Investment Holdings and its competitors. For the Asset Management industry, the median Days Payable is 70.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotung Investment Holdings's current Days Payable is 406.10, which is 55% above median its own 10-year median of 261.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotung Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hotung Investment Holdings (SGX:BLS) is currently considered Possible Value Trap. The stock's GF Value™ is S$3.34, compared to a current price of S$1.61 — trading 51.8% below its estimated fair value. The current Days Payable is 406.10, which is 55% above median its 10-year median of 261.93 and 476.2% above the Asset Management industry median of 70.48. Hotung Investment Holdings' overall GF Score™ is 68/100 with 9 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 Hotung Investment Holdings (SGX:BLS), the current Days Payable is 406.10 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 Hotung Investment Holdings (SGX:BLS) Overvalued in 2026?

Based on GuruFocus' analysis, Hotung Investment Holdings stock appears to be undervalued. The current stock price of S$1.61 is trading 51.8% below its estimated GF Value™ of S$3.34. GuruFocus considers Hotung Investment Holdings to be Possible Value Trap.

Key valuation signals for SGX:BLS:

  • Days Payable: 406.10 (55% above median its 10-year median of 261.93)
  • GF Value™: S$3.34 vs. price of S$1.61 (51.8% below fair value)
  • GF Score™: 68/100 with 9 warning signs
  • Industry Position: 476.2% above the Asset Management median (#81 of 481)

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


Hotung Investment Holdings Business Description

Address 261, Sung-Chiang Road, 10th Floor, Taipei, TWN
Hotung Investment Holdings Ltd is a venture capital investment company. It focuses on start-up and expansion-stage companies mainly located in Taiwan, China, and Silicon Valley. The company operates through two segments namely Investment and Fund management. Its Investment segment derives majority revenue converges on achieving capital appreciation by investing in a balanced and diversified portfolio. The Fund management segment is involved in providing investment consultancy and advisory services to entities within the group.
68GF Score

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

S$1.61
Price
S$3.34
GF Value