This paper is dedicated to analysing the decay rate of discrete-time homogeneous delayed systems that exhibit order preservation within a proper cone. First, a sufficient criterion ensuring the cone invariance of the system is introduced. By exploring the monotonicity of system trajectories, a condition that is both sufficient and necessary for guaranteeing the asymptotic stability of the system is presented. Importantly, under a weak assumption for the growth rate of time-varying delays, a universal framework is provided for characterising the decay rate of the system. Furthermore, typical examples of decay rate analysis are presented when delays are bounded or experience linear, sublinear, or logarithmic growth rates. Eventually, the rationality of the results is illustrated through a numerical simulation.