Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HKSE:01939'
s Days Payable Range Over the Past 10 Years
Min: 629.27 Med: 2701.52 Max: 7061.8
Current: 724.56
During the past 11 years, Shangshan Gold International Holdings's highest Days Payable was 7061.80. The lowest was 629.27. And the median was 2701.52.
HKSE:01939's Days Payable is ranked better than 98.02% of 1109
companies
in the Retail - Cyclical industry
Industry Median: 50.71
vs HKSE:01939: 724.56
* 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.
Shangshan Gold International Holdings Days Payable Chart
HKSE:01939 vs CASY, WSM, ULTA: Days Payable Comparison
For the Specialty Retail subindustry, Shangshan Gold International Holdings'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.
Shangshan Gold International Holdings Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shangshan Gold International Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Shangshan Gold International Holdings's Days Payable falls into.
Shangshan Gold International Holdings 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.
Shangshan Gold International Holdings (HKSE:01939) has a Days Payable of 1,131.26 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shangshan Gold International Holdings and its competitors. This is 58% below median its historical median of 2,701.52. Over the past decade, Shangshan Gold International Holdings' Days Payable has ranged from 629.27 to 7,061.80. According to the industry distribution chart, Shangshan Gold International Holdings ranks #22 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 2%.
Is Shangshan Gold International Holdings' Days Payable too high?
Shangshan Gold International Holdings' current Days Payable of 1,131.26 is 58% below median its 10-year median of 2,701.52. Over the past 10 years, this metric has ranged from a low of 629.27 to a high of 7,061.80. The Retail - Cyclical industry median Days Payable is 50.71. Shangshan Gold International Holdings' value of 1,131.26 is 2130.8% above this industry median. Based on the distribution chart, Shangshan Gold International Holdings ranks #22 out of 1109 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shangshan Gold International Holdings has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shangshan Gold International Holdings' Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Shangshan Gold International Holdings ranks #22 out of 1109 companies for Days Payable. This places Shangshan Gold International Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 50.71. Shangshan Gold International Holdings' value of 1,131.26 is 2130.8% above this benchmark. Historically, Shangshan Gold International Holdings' own Days Payable has ranged from 629.27 to 7,061.80 over the past decade. While the company's 10-year median is 2,701.52 vs. the industry median of 50.71, Shangshan Gold International Holdings 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 50.71, based on 1,109 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. Shangshan Gold International Holdings's current Days Payable of 1,131.26 is 2130.8% 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 Shangshan Gold International Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 50.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shangshan Gold International Holdings's current Days Payable is 1,131.26, which is 58% below median its own 10-year median of 2,701.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shangshan Gold International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shangshan Gold International Holdings (HKSE:01939) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.32, compared to a current price of HK$0.40 — trading 70.1% below its estimated fair value. The current Days Payable is 1,131.26, which is 58% below median its 10-year median of 2,701.52 and 2130.8% above the Retail - Cyclical industry median of 50.71. Shangshan Gold International Holdings' overall GF Score™ is 56/100 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 Shangshan Gold International Holdings (HKSE:01939), the current Days Payable is 1,131.26 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 Shangshan Gold International Holdings (HKSE:01939) Overvalued in 2026?
Based on GuruFocus' analysis, Shangshan Gold International Holdings stock appears to be undervalued.
The current stock price of HK$0.40 is trading 70.1% below its estimated GF Value™ of HK$1.32.
GuruFocus considers Shangshan Gold International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01939:
Days Payable: 1,131.26 (58% below median its 10-year median of 2,701.52)
GF Value™: HK$1.32 vs. price of HK$0.40 (70.1% below fair value)
Industry Position: 2130.8% above the Retail - Cyclical median (#22 of 1109)
No single metric tells the full story. See the HKSE:01939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shangshan Gold International Holdings Ltd Formerly Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.
56GF Score
Get the complete analysis for HKSE:01939
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01939 has been successfully added to your 
