Sichuan Road And Bridge Group Co (SHSE:600039) Days Payable: 428.03 (As of Mar. 2026) — 154% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SHSE:600039 Sichuan Road And Bridge Group Co Ltd SHSE:600039
68 GF Score
Price ¥8.36
GF Value ¥8.30
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Sichuan Road And Bridge Group Co Days Payable?

Sichuan Road And Bridge Group Co SHSE:600039 -0.71% 68 Days Payable is 428.03 as of Mar. 2026, which is 154% above its 10-year median of 168.20. GuruFocus rates SHSE:600039 with a GF Score™ of 68/100 and a GF Value™ of ¥8.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,716 Construction companies, Sichuan Road And Bridge Group Co ranks better than 88.75% on this metric.

Sichuan Road And Bridge Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥88,674 Mil. Sichuan Road And Bridge Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥18,904 Mil. Hence, Sichuan Road And Bridge Group Co's Days Payable for the three months ended in Mar. 2026 was 428.03.

The historical rank and industry rank for Sichuan Road And Bridge Group Co's Days Payable or its related term are showing as below:

SHSE:600039' s Days Payable Range Over the Past 10 Years
Min: 152.22   Med: 168.2   Max: 322.9
Current: 305.08

During the past 13 years, Sichuan Road And Bridge Group Co's highest Days Payable was 322.90. The lowest was 152.22. And the median was 168.20.

SHSE:600039's Days Payable is ranked better than
88.75% of 1716 companies
in the Construction industry
Industry Median: 76.5 vs SHSE:600039: 305.08

Sichuan Road And Bridge Group Co's Days Payable increased from Mar. 2025 (357.09) to Mar. 2026 (428.03). It may suggest that Sichuan Road And Bridge Group Co delayed paying its suppliers.


Sichuan Road And Bridge Group Co Days Payable Related Terms


Sichuan Road And Bridge Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Sichuan Road And Bridge Group 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.

Sichuan Road And Bridge Group Co Days Payable Chart

Sichuan Road And Bridge Group 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 152.22 175.79 273.56 319.13 322.90

Sichuan Road And Bridge Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 357.09 383.98 290.25 221.83 428.03

SHSE:600039 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Sichuan Road And Bridge Group 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.


Sichuan Road And Bridge Group Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Sichuan Road And Bridge Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Road And Bridge Group Co's Days Payable falls into.


SHSE:600039
68GF Score
Sichuan Road And Bridge Group Co Ltd SHSE:600039
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sichuan Road And Bridge Group 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.

Sichuan Road And Bridge Group 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
=( (81191.904 + 93236.695) / 2 ) / 98585.222*365
=87214.2995 / 98585.222*365
=322.90

Sichuan Road And Bridge Group Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (93236.695 + 84112.008) / 2 ) / 18903.98*365 / 4
=88674.3515 / 18903.98*365 / 4
=428.03

* 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 428.03 mean?
Sichuan Road And Bridge Group Co (SHSE:600039) has a Days Payable of 428.03 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 Sichuan Road And Bridge Group Co and its competitors. This is 154% above median its historical median of 168.20. Over the past decade, Sichuan Road And Bridge Group Co's Days Payable has ranged from 152.22 to 322.90. According to the industry distribution chart, Sichuan Road And Bridge Group Co ranks #193 out of 1716 companies in the Construction industry, placing it in the top 11.2%.
Is Sichuan Road And Bridge Group Co's Days Payable too high?
Sichuan Road And Bridge Group Co's current Days Payable of 428.03 is 154% above median its 10-year median of 168.20. Over the past 10 years, this metric has ranged from a low of 152.22 to a high of 322.90. The Construction industry median Days Payable is 76.50. Sichuan Road And Bridge Group Co's value of 428.03 is 459.5% above this industry median. Based on the distribution chart, Sichuan Road And Bridge Group Co ranks #193 out of 1716 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Sichuan Road And Bridge Group Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Road And Bridge Group Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Sichuan Road And Bridge Group Co ranks #193 out of 1716 companies for Days Payable. This places Sichuan Road And Bridge Group Co in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.50. Sichuan Road And Bridge Group Co's value of 428.03 is 459.5% above this benchmark. Historically, Sichuan Road And Bridge Group Co's own Days Payable has ranged from 152.22 to 322.90 over the past decade. While the company's 10-year median is 168.20 vs. the industry median of 76.50, Sichuan Road And Bridge Group 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 76.50, 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. Sichuan Road And Bridge Group Co's current Days Payable of 428.03 is 459.5% 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 Sichuan Road And Bridge Group Co and its competitors. For the Construction industry, the median Days Payable is 76.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Road And Bridge Group Co's current Days Payable is 428.03, which is 154% above median its own 10-year median of 168.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Road And Bridge Group Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Road And Bridge Group Co (SHSE:600039) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.30, compared to a current price of ¥8.36 — trading 0.7% above its estimated fair value. The current Days Payable is 428.03, which is 154% above median its 10-year median of 168.20 and 459.5% above the Construction industry median of 76.50. Sichuan Road And Bridge Group Co's overall GF Score™ is 68/100 with 5 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 Sichuan Road And Bridge Group Co (SHSE:600039), the current Days Payable is 428.03 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 Sichuan Road And Bridge Group Co (SHSE:600039) Overvalued in 2026?

Based on GuruFocus' analysis, Sichuan Road And Bridge Group Co stock appears to be overvalued. The current stock price of ¥8.36 is trading 0.7% above its estimated GF Value™ of ¥8.30. GuruFocus considers Sichuan Road And Bridge Group Co to be Fairly Valued.

Key valuation signals for SHSE:600039:

  • Days Payable: 428.03 (154% above median its 10-year median of 168.20)
  • GF Value™: ¥8.30 vs. price of ¥8.36 (0.7% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 459.5% above the Construction median (#193 of 1716)

No single metric tells the full story. See the SHSE:600039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sichuan Road And Bridge Group Co Business Description

Address No. 12 Jiuxing Avenue, High-tech Development Zone, Sichuan Province, Chengdu, CHN, 610041
Sichuan Road And Bridge Group Co Ltd is engaged in Construction of highway projects, bridges and tunnel projects at all levels.
68GF Score

Get the complete analysis for SHSE:600039

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

¥8.36
Price
¥8.30
GF Value