Zhejiang Expressway Co (FRA:ZHJ) Days Payable: 1,734.53 (As of Dec. 2025) — 13% Above Median

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FRA:ZHJ Zhejiang Expressway Co Ltd FRA:ZHJ
72 GF Score
Price €0.71
GF Value €0.85
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Zhejiang Expressway Co Days Payable?

Zhejiang Expressway Co FRA:ZHJ 72 Days Payable is 1,734.53 as of Dec. 2025, which is 13% above its 10-year median of 1,538.22. GuruFocus rates FRA:ZHJ with a GF Score™ of 72/100 and a GF Value™ of €0.85 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,716 Construction companies, Zhejiang Expressway Co ranks better than 99.07% on this metric.

Zhejiang Expressway Co's average Accounts Payable for the three months ended in Dec. 2025 was €8,947 Mil. Zhejiang Expressway Co's Cost of Goods Sold for the three months ended in Dec. 2025 was €471 Mil. Hence, Zhejiang Expressway Co's Days Payable for the three months ended in Dec. 2025 was 1,734.53.

The historical rank and industry rank for Zhejiang Expressway Co's Days Payable or its related term are showing as below:

FRA:ZHJ' s Days Payable Range Over the Past 10 Years
Min: 1039.9   Med: 1538.22   Max: 2997
Current: 2997

During the past 13 years, Zhejiang Expressway Co's highest Days Payable was 2997.00. The lowest was 1039.90. And the median was 1538.22.

FRA:ZHJ's Days Payable is ranked better than
99.07% of 1716 companies
in the Construction industry
Industry Median: 76.595 vs FRA:ZHJ: 2997.00

Zhejiang Expressway Co's Days Payable increased from Sep. 2024 (1,319.80) to Dec. 2025 (1,734.53). It may suggest that Zhejiang Expressway Co delayed paying its suppliers.


Zhejiang Expressway Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zhejiang Expressway 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.

Zhejiang Expressway Co Days Payable Chart

Zhejiang Expressway 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 1,253.30 1,766.90 1,847.74 1,605.85 1,793.92

Zhejiang Expressway Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 1,319.80 1,381.87 0.00 1,635.04 1,734.53

Zhejiang Expressway Co Days Payable Competitor Comparison

For the Infrastructure Operations subindustry, Zhejiang Expressway 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.


Zhejiang Expressway Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Expressway Co's Days Payable falls into.


FRA:ZHJ
72GF Score
Zhejiang Expressway Co Ltd FRA:ZHJ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Expressway 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.

Zhejiang Expressway 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
=( (6523.28 + 8947.48) / 2 ) / 1573.883*365
=7735.38 / 1573.883*365
=1,793.92

Zhejiang Expressway Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (0 + 8947.48) / 1 ) / 470.708*365 / 4
=8947.48 / 470.708*365 / 4
=1,734.53

* 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 1,734.53 mean?
Zhejiang Expressway Co (FRA:ZHJ) has a Days Payable of 1,734.53 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Zhejiang Expressway Co and its competitors. This is 13% above median its historical median of 1,538.22. Over the past decade, Zhejiang Expressway Co's Days Payable has ranged from 1,039.90 to 2,997.00. According to the industry distribution chart, Zhejiang Expressway Co ranks #16 out of 1716 companies in the Construction industry, placing it in the top 0.90000000000001%.
Is Zhejiang Expressway Co's Days Payable too high?
Zhejiang Expressway Co's current Days Payable of 1,734.53 is 13% above median its 10-year median of 1,538.22. Over the past 10 years, this metric has ranged from a low of 1,039.90 to a high of 2,997.00. The Construction industry median Days Payable is 76.60. Zhejiang Expressway Co's value of 1,734.53 is 2164.5% above this industry median. Based on the distribution chart, Zhejiang Expressway Co ranks #16 out of 1716 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Expressway Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Expressway Co's Days Payable compare to competitors?
According to the Construction industry distribution chart, Zhejiang Expressway Co ranks #16 out of 1716 companies for Days Payable. This places Zhejiang Expressway Co in the top 1% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.60. Zhejiang Expressway Co's value of 1,734.53 is 2164.5% above this benchmark. Historically, Zhejiang Expressway Co's own Days Payable has ranged from 1,039.90 to 2,997.00 over the past decade. While the company's 10-year median is 1,538.22 vs. the industry median of 76.60, Zhejiang Expressway 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 Construction company?
The median Days Payable among Construction companies is 76.60, based on 1,716 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. Zhejiang Expressway Co's current Days Payable of 1,734.53 is 2164.5% 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 Zhejiang Expressway Co and its competitors. For the Construction industry, the median Days Payable is 76.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Expressway Co's current Days Payable is 1,734.53, which is 13% above median its own 10-year median of 1,538.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Expressway Co (FRA:ZHJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.85, compared to a current price of €0.71 — trading 17.1% below its estimated fair value. The current Days Payable is 1,734.53, which is 13% above median its 10-year median of 1,538.22 and 2164.5% above the Construction industry median of 76.60. Zhejiang Expressway Co's overall GF Score™ is 72/100 with 4 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 Zhejiang Expressway Co (FRA:ZHJ), the current Days Payable is 1,734.53 as of Dec. 2025. 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 Zhejiang Expressway Co (FRA:ZHJ) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Expressway Co stock appears to be undervalued. The current stock price of €0.71 is trading 17.1% below its estimated GF Value™ of €0.85. GuruFocus considers Zhejiang Expressway Co to be Modestly Undervalued.

Key valuation signals for FRA:ZHJ:

  • Days Payable: 1,734.53 (13% above median its 10-year median of 1,538.22)
  • GF Value™: €0.85 vs. price of €0.71 (17.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 2164.5% above the Construction median (#16 of 1716)

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


Zhejiang Expressway Co Business Description

Other Exchanges ZHEXF:USA00576:Hong Kong
Address 199 Wuxing Road, Room 501, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020
Zhejiang Expressway Co Ltd is a Chinese infrastructure company that, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll operation, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of its revenue domestically.
72GF Score

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

€0.71
Price
€0.85
GF Value