Cortina Holdings (SGX:C41) Days Payable: 35.02 (As of Mar. 2026) — 23% Below Median

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SGX:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.90
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Cortina Holdings Days Payable?

Cortina Holdings SGX:C41 95 Days Payable is 35.02 as of Mar. 2026, which is 23% below its 10-year median of 45.35. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,106 Retail - Cyclical companies, Cortina Holdings ranks worse than 64.1% on this metric.

Cortina Holdings's average Accounts Payable for the six months ended in Mar. 2026 was S$66.5 Mil. Cortina Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was S$346.6 Mil. Hence, Cortina Holdings's Days Payable for the six months ended in Mar. 2026 was 35.02.

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

SGX:C41' s Days Payable Range Over the Past 10 Years
Min: 17.7   Med: 45.35   Max: 74.72
Current: 38.57

During the past 13 years, Cortina Holdings's highest Days Payable was 74.72. The lowest was 17.70. And the median was 45.35.

SGX:C41's Days Payable is ranked worse than
64.1% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 51.35 vs SGX:C41: 38.57

Cortina Holdings's Days Payable declined from Mar. 2025 (50.80) to Mar. 2026 (35.02). It may suggest that Cortina Holdings accelerated paying its suppliers.


Cortina Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Cortina 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.

Cortina Holdings Days Payable Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.42 61.11 74.72 61.92 40.73

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 69.27 68.36 50.80 40.15 35.02

SGX:C41 vs TPR: Days Payable Comparison

For the Luxury Goods subindustry, Cortina 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.


Cortina Holdings Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's Days Payable distribution charts can be found below:

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


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Cortina 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.

Cortina 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
=( (78.24 + 70.505) / 2 ) / 666.446*365
=74.3725 / 666.446*365
=40.73

Cortina 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
=( (62.503 + 70.505) / 2 ) / 346.615*365 / 2
=66.504 / 346.615*365 / 2
=35.02

* 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 35.02 mean?
Cortina Holdings (SGX:C41) has a Days Payable of 35.02 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 Cortina Holdings and its competitors. This is 23% below median its historical median of 45.35. Over the past decade, Cortina Holdings' Days Payable has ranged from 17.70 to 74.72. According to the industry distribution chart, Cortina Holdings ranks #709 out of 1106 companies in the Retail - Cyclical industry, placing it in the top 64.1%.
Is Cortina Holdings' Days Payable too high?
Cortina Holdings' current Days Payable of 35.02 is 23% below median its 10-year median of 45.35. Over the past 10 years, this metric has ranged from a low of 17.70 to a high of 74.72. The Retail - Cyclical industry median Days Payable is 51.35. Cortina Holdings' value of 35.02 is 31.8% below this industry median. Based on the distribution chart, Cortina Holdings ranks #709 out of 1106 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Days Payable compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #709 out of 1106 companies for Days Payable. This places Cortina Holdings in the lower half of its industry. The industry median Days Payable is 51.35. Cortina Holdings' value of 35.02 is 31.8% below this benchmark. Historically, Cortina Holdings' own Days Payable has ranged from 17.70 to 74.72 over the past decade. While the company's 10-year median is 45.35 vs. the industry median of 51.35, Cortina 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.35, based on 1,106 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. Cortina Holdings's current Days Payable of 35.02 is 31.8% 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 Cortina Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cortina Holdings's current Days Payable is 35.02, which is 23% below median its own 10-year median of 45.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.90 — trading 0.3% above its estimated fair value. The current Days Payable is 35.02, which is 23% below median its 10-year median of 45.35 and 31.8% below the Retail - Cyclical industry median of 51.35. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Days Payable is 35.02 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.

Is Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be overvalued. The current stock price of S$3.90 is trading 0.3% above its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Days Payable: 35.02 (23% below median its 10-year median of 45.35)
  • GF Value™: S$3.89 vs. price of S$3.90 (0.3% above fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 31.8% below the Retail - Cyclical median (#709 of 1106)

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

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

S$3.90
Price
S$3.89
GF Value