Mingxin New Material Co (SHSE:605068) Accounts Payable: ¥699 Mil (As of Mar. 2026)

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SHSE:605068 Mingxin New Material Co Ltd SHSE:605068
62 GF Score
Price ¥16.92
GF Value ¥31.12
Valuation Possible Value Trap
! 7 Warning Signs
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What is Mingxin New Material Co Accounts Payable?

Mingxin New Material Co SHSE:605068 -1.57% 62 Accounts Payable is ¥699 Mil as of Mar. 2026. GuruFocus rates SHSE:605068 with a GF Score™ of 62/100 and a GF Value™ of ¥31.12 (Possible Value Trap). The stock has 7 warning signs investors should review.

Mingxin New Material Co's Accounts Payable for the quarter that ended in Mar. 2026 was ¥699 Mil.

Mingxin New Material Co's quarterly Accounts Payable declined from Sep. 2025 (¥962 Mil) to Dec. 2025 (¥844 Mil) and declined from Dec. 2025 (¥844 Mil) to Mar. 2026 (¥699 Mil).

Mingxin New Material Co's annual Accounts Payable increased from Dec. 2023 (¥331 Mil) to Dec. 2024 (¥597 Mil) and increased from Dec. 2024 (¥597 Mil) to Dec. 2025 (¥844 Mil).

Mingxin New Material Co Accounts Payable Related Terms

Mingxin New Material Co Accounts Payable Historical Data

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The historical data trend for Mingxin New Material Co's Accounts 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.

Mingxin New Material Co Accounts Payable Chart

Mingxin New Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 248.05 320.94 330.95 597.22 844.40

Mingxin New Material Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts 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 642.30 763.91 961.70 844.40 698.78
SHSE:605068
62GF Score
Mingxin New Material Co Ltd SHSE:605068
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mingxin New Material Co Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of ¥699 Mil mean?
Mingxin New Material Co (SHSE:605068) has a Accounts Payable of ¥699 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Mingxin New Material Co and its competitors.
Is Mingxin New Material Co's Accounts Payable too high?
Mingxin New Material Co's current Accounts Payable is ¥699 Mil. Overall, Mingxin New Material Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mingxin New Material Co's Accounts Payable compare to ORLY and AZO?
Mingxin New Material Co's Accounts Payable of ¥699 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Vehicles & Parts company?
A good Accounts Payable depends on the Vehicles & Parts industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Mingxin New Material Co and its competitors. Mingxin New Material Co's current Accounts Payable is ¥699 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mingxin New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Mingxin New Material Co (SHSE:605068) is currently considered Possible Value Trap. The stock's GF Value™ is ¥31.12, compared to a current price of ¥16.92 — trading 45.6% below its estimated fair value. The current Accounts Payable is ¥699 Mil. Mingxin New Material Co's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Mingxin New Material Co (SHSE:605068), the current Accounts Payable is ¥699 Mil 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 Mingxin New Material Co (SHSE:605068) Overvalued in 2026?

Based on GuruFocus' analysis, Mingxin New Material Co stock appears to be undervalued. The current stock price of ¥16.92 is trading 45.6% below its estimated GF Value™ of ¥31.12. GuruFocus considers Mingxin New Material Co to be Possible Value Trap.

Key valuation signals for SHSE:605068:

  • Accounts Payable: ¥699 Mil
  • GF Value™: ¥31.12 vs. price of ¥16.92 (45.6% below fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the SHSE:605068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mingxin New Material Co Business Description

Address Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006
Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.
62GF Score

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

¥16.92
Price
¥31.12
GF Value