Shenzhen Fuheng New Materials Co (BJSE:920469) Days Payable: 118.13 (As of Jun. 2026) — 65% Above Median

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BJSE:920469 Shenzhen Fuheng New Materials Co Ltd BJSE:920469
32 GF Score
Price ¥6.36
GF Value ¥10.65
Valuation Possible Value Trap
! 7 Warning Signs
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What is Shenzhen Fuheng New Materials Co Days Payable?

Shenzhen Fuheng New Materials Co BJSE:920469 32 Days Payable is 118.13 as of Jun. 2026, which is 65% above its 10-year median of 71.72. GuruFocus rates BJSE:920469 with a GF Score™ of 32/100 and a GF Value™ of ¥10.65 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,562 Chemicals companies, Shenzhen Fuheng New Materials Co ranks better than 88.28% on this metric.

Shenzhen Fuheng New Materials Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥115.2 Mil. Shenzhen Fuheng New Materials Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥89.0 Mil. Hence, Shenzhen Fuheng New Materials Co's Days Payable for the three months ended in Jun. 2026 was 118.13.

The historical rank and industry rank for Shenzhen Fuheng New Materials Co's Days Payable or its related term are showing as below:

BJSE:920469' s Days Payable Range Over the Past 10 Years
Min: 43.02   Med: 71.72   Max: 147.74
Current: 147.74

During the past 13 years, Shenzhen Fuheng New Materials Co's highest Days Payable was 147.74. The lowest was 43.02. And the median was 71.72.

BJSE:920469's Days Payable is ranked better than
88.28% of 1562 companies
in the Chemicals industry
Industry Median: 59.26 vs BJSE:920469: 147.74

Shenzhen Fuheng New Materials Co's Days Payable declined from Jun. 2025 (3,070.97) to Jun. 2026 (118.13). It may suggest that Shenzhen Fuheng New Materials Co accelerated paying its suppliers.


Shenzhen Fuheng New Materials Co Days Payable Related Terms


Shenzhen Fuheng New Materials Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shenzhen Fuheng New Materials Co'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.

Shenzhen Fuheng New Materials Co Days Payable Chart

Shenzhen Fuheng New Materials Co 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 43.02 60.98 96.97 82.46 127.42

Shenzhen Fuheng New Materials Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3,070.97 160.58 141.56 160.09 118.13

BJSE:920469 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Shenzhen Fuheng New Materials Co'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.


Shenzhen Fuheng New Materials Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Fuheng New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Fuheng New Materials Co's Days Payable falls into.


BJSE:920469
32GF Score
Shenzhen Fuheng New Materials Co Ltd BJSE:920469
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Fuheng New Materials Co 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.

Shenzhen Fuheng New Materials Co'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
=( (106.081 + 157.85) / 2 ) / 378.024*365
=131.9655 / 378.024*365
=127.42

Shenzhen Fuheng New Materials Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (108.002 + 122.395) / 2 ) / 88.986*365 / 4
=115.1985 / 88.986*365 / 4
=118.13

* 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 118.13 mean?
Shenzhen Fuheng New Materials Co (BJSE:920469) has a Days Payable of 118.13 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shenzhen Fuheng New Materials Co and its competitors. This is 65% above median its historical median of 71.72. Over the past decade, Shenzhen Fuheng New Materials Co's Days Payable has ranged from 43.02 to 147.74. According to the industry distribution chart, Shenzhen Fuheng New Materials Co ranks #183 out of 1562 companies in the Chemicals industry, placing it in the top 11.7%.
Is Shenzhen Fuheng New Materials Co's Days Payable too high?
Shenzhen Fuheng New Materials Co's current Days Payable of 118.13 is 65% above median its 10-year median of 71.72. Over the past 10 years, this metric has ranged from a low of 43.02 to a high of 147.74. The Chemicals industry median Days Payable is 59.26. Shenzhen Fuheng New Materials Co's value of 118.13 is 99.3% above this industry median. Based on the distribution chart, Shenzhen Fuheng New Materials Co ranks #183 out of 1562 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shenzhen Fuheng New Materials Co has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Fuheng New Materials Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shenzhen Fuheng New Materials Co ranks #183 out of 1562 companies for Days Payable. This places Shenzhen Fuheng New Materials Co in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.26. Shenzhen Fuheng New Materials Co's value of 118.13 is 99.3% above this benchmark. Historically, Shenzhen Fuheng New Materials Co's own Days Payable has ranged from 43.02 to 147.74 over the past decade. While the company's 10-year median is 71.72 vs. the industry median of 59.26, Shenzhen Fuheng New Materials Co 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 a Chemicals company?
The median Days Payable among Chemicals companies is 59.26, based on 1,562 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. Shenzhen Fuheng New Materials Co's current Days Payable of 118.13 is 99.3% 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 Shenzhen Fuheng New Materials Co and its competitors. For the Chemicals industry, the median Days Payable is 59.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Fuheng New Materials Co's current Days Payable is 118.13, which is 65% above median its own 10-year median of 71.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Fuheng New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Fuheng New Materials Co (BJSE:920469) is currently considered Possible Value Trap. The stock's GF Value™ is ¥10.65, compared to a current price of ¥6.36 — trading 40.3% below its estimated fair value. The current Days Payable is 118.13, which is 65% above median its 10-year median of 71.72 and 99.3% above the Chemicals industry median of 59.26. Shenzhen Fuheng New Materials Co's overall GF Score™ is 32/100 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 Shenzhen Fuheng New Materials Co (BJSE:920469), the current Days Payable is 118.13 as of Jun. 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 Shenzhen Fuheng New Materials Co (BJSE:920469) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Fuheng New Materials Co stock appears to be undervalued. The current stock price of ¥6.36 is trading 40.3% below its estimated GF Value™ of ¥10.65. GuruFocus considers Shenzhen Fuheng New Materials Co to be Possible Value Trap.

Key valuation signals for BJSE:920469:

  • Days Payable: 118.13 (65% above median its 10-year median of 71.72)
  • GF Value™: ¥10.65 vs. price of ¥6.36 (40.3% below fair value)
  • GF Score™: 32/100 with 7 warning signs
  • Industry Position: 99.3% above the Chemicals median (#183 of 1562)

No single metric tells the full story. See the BJSE:920469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Fuheng New Materials Co Business Description

Address No. 48-1 Guangtian Road, Office Complex Building A, Luotian Community, Yanluo Street, Baoan District, Guangdong Province, Shenzhen, CHN, 518105
Shenzhen Fuheng New Materials Co Ltd is a company that is mainly engaged in the production and sales of plastic granulation, plastic hardware products, and plastic pigments. The company earns revenue from independent research and development, production, and sales of modified plastic products to customers.
32GF Score

Get the complete analysis for BJSE:920469

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

¥6.36
Price
¥10.65
GF Value