Fujian Qingshan Paper Industry Co (SHSE:600103) Days Payable: 144.37 (As of Mar. 2026) — 50% Above Median


SHSE:600103 Fujian Qingshan Paper Industry Co Ltd SHSE:600103
65 GF Score
Price ¥2.81
GF Value ¥2.08
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fujian Qingshan Paper Industry Co Days Payable?

Fujian Qingshan Paper Industry Co SHSE:600103 -2.77% 65 Days Payable is 144.37 as of Mar. 2026, which is 50% above its 10-year median of 96.41. GuruFocus rates SHSE:600103 with a GF Score™ of 65/100 and a GF Value™ of ¥2.08 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 275 Forest Products companies, Fujian Qingshan Paper Industry Co ranks better than 83.27% on this metric.

Fujian Qingshan Paper Industry Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥746 Mil. Fujian Qingshan Paper Industry Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥471 Mil. Hence, Fujian Qingshan Paper Industry Co's Days Payable for the three months ended in Mar. 2026 was 144.37.

The historical rank and industry rank for Fujian Qingshan Paper Industry Co's Days Payable or its related term are showing as below:

SHSE:600103' s Days Payable Range Over the Past 10 Years
Min: 54.34   Med: 96.41   Max: 148.5
Current: 121.47

During the past 13 years, Fujian Qingshan Paper Industry Co's highest Days Payable was 148.50. The lowest was 54.34. And the median was 96.41.

SHSE:600103's Days Payable is ranked better than
83.27% of 275 companies
in the Forest Products industry
Industry Median: 56.94 vs SHSE:600103: 121.47

Fujian Qingshan Paper Industry Co's Days Payable increased from Mar. 2025 (143.93) to Mar. 2026 (144.37). It may suggest that Fujian Qingshan Paper Industry Co delayed paying its suppliers.


Fujian Qingshan Paper Industry Co Days Payable Related Terms


Fujian Qingshan Paper Industry Co Days Payable Historical Data

* Premium members only.

The historical data trend for Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry Co Days Payable Chart

Fujian Qingshan Paper Industry 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 70.04 100.90 123.34 137.59 148.50

Fujian Qingshan Paper Industry 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 143.93 120.10 105.35 105.68 144.37

Fujian Qingshan Paper Industry Co Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry 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.


Fujian Qingshan Paper Industry Co Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Days Payable falls into.


SHSE:600103
65GF Score
Fujian Qingshan Paper Industry Co Ltd SHSE:600103
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Qingshan Paper Industry 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.

Fujian Qingshan Paper Industry 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
=( (879.726 + 719.814) / 2 ) / 1965.747*365
=799.77 / 1965.747*365
=148.50

Fujian Qingshan Paper Industry 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
=( (719.814 + 771.955) / 2 ) / 471.451*365 / 4
=745.8845 / 471.451*365 / 4
=144.37

* 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 144.37 mean?
Fujian Qingshan Paper Industry Co (SHSE:600103) has a Days Payable of 144.37 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 Fujian Qingshan Paper Industry Co and its competitors. This is 50% above median its historical median of 96.41. Over the past decade, Fujian Qingshan Paper Industry Co's Days Payable has ranged from 54.34 to 148.50. According to the industry distribution chart, Fujian Qingshan Paper Industry Co ranks #46 out of 275 companies in the Forest Products industry, placing it in the top 16.7%.
Is Fujian Qingshan Paper Industry Co's Days Payable too high?
Fujian Qingshan Paper Industry Co's current Days Payable of 144.37 is 50% above median its 10-year median of 96.41. Over the past 10 years, this metric has ranged from a low of 54.34 to a high of 148.50. The Forest Products industry median Days Payable is 56.94. Fujian Qingshan Paper Industry Co's value of 144.37 is 153.5% above this industry median. Based on the distribution chart, Fujian Qingshan Paper Industry Co ranks #46 out of 275 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fujian Qingshan Paper Industry Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Qingshan Paper Industry Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Fujian Qingshan Paper Industry Co ranks #46 out of 275 companies for Days Payable. This places Fujian Qingshan Paper Industry Co in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.94. Fujian Qingshan Paper Industry Co's value of 144.37 is 153.5% above this benchmark. Historically, Fujian Qingshan Paper Industry Co's own Days Payable has ranged from 54.34 to 148.50 over the past decade. While the company's 10-year median is 96.41 vs. the industry median of 56.94, Fujian Qingshan Paper Industry 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 Forest Products company?
The median Days Payable among Forest Products companies is 56.94, based on 275 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. Fujian Qingshan Paper Industry Co's current Days Payable of 144.37 is 153.5% 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 Fujian Qingshan Paper Industry Co and its competitors. For the Forest Products industry, the median Days Payable is 56.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Qingshan Paper Industry Co's current Days Payable is 144.37, which is 50% above median its own 10-year median of 96.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Qingshan Paper Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co (SHSE:600103) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.08, compared to a current price of ¥2.81 — trading 35.1% above its estimated fair value. The current Days Payable is 144.37, which is 50% above median its 10-year median of 96.41 and 153.5% above the Forest Products industry median of 56.94. Fujian Qingshan Paper Industry Co's overall GF Score™ is 65/100 with 3 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 Fujian Qingshan Paper Industry Co (SHSE:600103), the current Days Payable is 144.37 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 Fujian Qingshan Paper Industry Co (SHSE:600103) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co stock appears to be overvalued. The current stock price of ¥2.81 is trading 35.1% above its estimated GF Value™ of ¥2.08. GuruFocus considers Fujian Qingshan Paper Industry Co to be Significantly Overvalued.

Key valuation signals for SHSE:600103:

  • Days Payable: 144.37 (50% above median its 10-year median of 96.41)
  • GF Value™: ¥2.08 vs. price of ¥2.81 (35.1% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 153.5% above the Forest Products median (#46 of 275)

No single metric tells the full story. See the SHSE:600103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Qingshan Paper Industry Co Business Description

Address No. 1 Qingshan Road, Qingshan Paper Industry, Qingzhou Town, Shaxian County, Fujian Province, Sanming, CHN, 365056
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
65GF Score

Get the complete analysis for SHSE:600103

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

¥2.81
Price
¥2.08
GF Value