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What is Changzhou Tonghui Electronic Co Days Payable?
Changzhou Tonghui Electronic CoBJSE:920509 97 Days Payable is 60.39 as of Jun. 2026, which is 23% below its 10-year median of 78.78. GuruFocus rates BJSE:920509 with a GF Score™ of 97/100 and a GF Value™ of ¥24.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,442 Hardware companies, Changzhou Tonghui Electronic Co ranks better than 51.27% on this metric.
* 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.
Changzhou Tonghui Electronic Co Days Payable Chart
BJSE:920509 vs COHR, KEYS, GRMN: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Changzhou Tonghui Electronic 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.
Changzhou Tonghui Electronic Co Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Changzhou Tonghui Electronic Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Changzhou Tonghui Electronic Co's Days Payable falls into.
Changzhou Tonghui Electronic 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.
* 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.
Changzhou Tonghui Electronic Co (BJSE:920509) has a Days Payable of 60.39 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 Changzhou Tonghui Electronic Co and its competitors. This is 23% below median its historical median of 78.78. Over the past decade, Changzhou Tonghui Electronic Co's Days Payable has ranged from 46.99 to 101.86. According to the industry distribution chart, Changzhou Tonghui Electronic Co ranks #1190 out of 2442 companies in the Hardware industry, placing it in the top 48.7%.
Is Changzhou Tonghui Electronic Co's Days Payable too high?
Changzhou Tonghui Electronic Co's current Days Payable of 60.39 is 23% below median its 10-year median of 78.78. Over the past 10 years, this metric has ranged from a low of 46.99 to a high of 101.86. The Hardware industry median Days Payable is 70.03. Changzhou Tonghui Electronic Co's value of 60.39 is 13.8% below this industry median. Based on the distribution chart, Changzhou Tonghui Electronic Co ranks #1190 out of 2442 companies in the Hardware industry, which is above the industry midpoint. Overall, Changzhou Tonghui Electronic Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Tonghui Electronic Co's Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Changzhou Tonghui Electronic Co ranks #1190 out of 2442 companies for Days Payable. This puts Changzhou Tonghui Electronic Co in the upper half of its industry. The industry median Days Payable is 70.03. Changzhou Tonghui Electronic Co's value of 60.39 is 13.8% below this benchmark. Historically, Changzhou Tonghui Electronic Co's own Days Payable has ranged from 46.99 to 101.86 over the past decade. While the company's 10-year median is 78.78 vs. the industry median of 70.03, Changzhou Tonghui Electronic Co 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 Hardware company?
The median Days Payable among Hardware companies is 70.03, based on 2,442 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. Changzhou Tonghui Electronic Co's current Days Payable of 60.39 is 13.8% 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 Changzhou Tonghui Electronic Co and its competitors. For the Hardware industry, the median Days Payable is 70.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Tonghui Electronic Co's current Days Payable is 60.39, which is 23% below median its own 10-year median of 78.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Tonghui Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co (BJSE:920509) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.52, compared to a current price of ¥20.15 — trading 17.8% below its estimated fair value. The current Days Payable is 60.39, which is 23% below median its 10-year median of 78.78 and 13.8% below the Hardware industry median of 70.03. Changzhou Tonghui Electronic Co's overall GF Score™ is 97/100 with 1 warning sign 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 Changzhou Tonghui Electronic Co (BJSE:920509), the current Days Payable is 60.39 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 Changzhou Tonghui Electronic Co (BJSE:920509) Overvalued in 2026?
Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co stock appears to be undervalued.
The current stock price of ¥20.15 is trading 17.8% below its estimated GF Value™ of ¥24.52.
GuruFocus considers Changzhou Tonghui Electronic Co to be Modestly Undervalued.
Key valuation signals for BJSE:920509:
Days Payable: 60.39 (23% below median its 10-year median of 78.78)
GF Value™: ¥24.52 vs. price of ¥20.15 (17.8% below fair value)
Industry Position: 13.8% below the Hardware median (#1190 of 2442)
No single metric tells the full story. See the BJSE:920509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changzhou Tonghui Electronic Co Ltd operates as a manufacturer of electronic test and measurement instruments. Its product categories include Component Parameter Tester, Micro Signal Type Tester, Power Electronic Tester, Electrical Safety Tester, Cable Tester, and Accessories.
97GF Score
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