Shandong Iron & Steel CoSHSE:600022 50 Days Payable is 171.32 as of Mar. 2026, which is 64% above its 10-year median of 104.65. GuruFocus rates SHSE:600022 with a GF Score™ of 50/100 and a GF Value™ of ¥1.10 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 597 Steel companies, Shandong Iron & Steel Co ranks better than 90.95% 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.
SHSE:600022 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Shandong Iron & Steel 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.
Shandong Iron & Steel Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Shandong Iron & Steel Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shandong Iron & Steel Co's Days Payable falls into.
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.
Shandong Iron & Steel Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Shandong Iron & Steel Co (SHSE:600022) has a Days Payable of 171.32 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 Shandong Iron & Steel Co and its competitors. This is 64% above median its historical median of 104.65. Over the past decade, Shandong Iron & Steel Co's Days Payable has ranged from 65.56 to 150.23. According to the industry distribution chart, Shandong Iron & Steel Co ranks #54 out of 597 companies in the Steel industry, placing it in the top 9%.
Is Shandong Iron & Steel Co's Days Payable too high?
Shandong Iron & Steel Co's current Days Payable of 171.32 is 64% above median its 10-year median of 104.65. Over the past 10 years, this metric has ranged from a low of 65.56 to a high of 150.23. The Steel industry median Days Payable is 41.39. Shandong Iron & Steel Co's value of 171.32 is 313.9% above this industry median. Based on the distribution chart, Shandong Iron & Steel Co ranks #54 out of 597 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Iron & Steel Co has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Shandong Iron & Steel Co ranks #54 out of 597 companies for Days Payable. This places Shandong Iron & Steel Co in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. Shandong Iron & Steel Co's value of 171.32 is 313.9% above this benchmark. Historically, Shandong Iron & Steel Co's own Days Payable has ranged from 65.56 to 150.23 over the past decade. While the company's 10-year median is 104.65 vs. the industry median of 41.39, Shandong Iron & Steel 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Shandong Iron & Steel Co's current Days Payable of 171.32 is 313.9% 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 Shandong Iron & Steel Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Iron & Steel Co's current Days Payable is 171.32, which is 64% above median its own 10-year median of 104.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.10, compared to a current price of ¥1.27 — trading 15.5% above its estimated fair value. The current Days Payable is 171.32, which is 64% above median its 10-year median of 104.65 and 313.9% above the Steel industry median of 41.39. Shandong Iron & Steel Co's overall GF Score™ is 50/100 with 9 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 Shandong Iron & Steel Co (SHSE:600022), the current Days Payable is 171.32 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 Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued.
The current stock price of ¥1.27 is trading 15.5% above its estimated GF Value™ of ¥1.10.
GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.
Key valuation signals for SHSE:600022:
Days Payable: 171.32 (64% above median its 10-year median of 104.65)
GF Value™: ¥1.10 vs. price of ¥1.27 (15.5% above fair value)
Industry Position: 313.9% above the Steel median (#54 of 597)
No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
50GF Score
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