China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Days Payable: 31.45 (As of Jun. 2026) — 10% Below Median

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SHSE:600111 China Northern Rare Earth (Group) High-Tech Co Ltd SHSE:600111
88 GF Score
Price ¥39.94
GF Value ¥35.42
Valuation Modestly Overvalued
! 5 Warning Signs
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What is China Northern Rare Earth (Group) High-Tech Co Days Payable?

China Northern Rare Earth (Group) High-Tech Co SHSE:600111 -1.67% 88 Days Payable is 31.45 as of Jun. 2026, which is 10% below its 10-year median of 34.99. GuruFocus rates SHSE:600111 with a GF Score™ of 88/100 and a GF Value™ of ¥35.42 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,068 Metals & Mining companies, China Northern Rare Earth (Group) High-Tech Co ranks worse than 83.71% on this metric.

China Northern Rare Earth (Group) High-Tech Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥4,009 Mil. China Northern Rare Earth (Group) High-Tech Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥11,632 Mil. Hence, China Northern Rare Earth (Group) High-Tech Co's Days Payable for the three months ended in Jun. 2026 was 31.45.

The historical rank and industry rank for China Northern Rare Earth (Group) High-Tech Co's Days Payable or its related term are showing as below:

SHSE:600111' s Days Payable Range Over the Past 10 Years
Min: 27.75   Med: 34.99   Max: 110.91
Current: 32.93

During the past 13 years, China Northern Rare Earth (Group) High-Tech Co's highest Days Payable was 110.91. The lowest was 27.75. And the median was 34.99.

SHSE:600111's Days Payable is ranked worse than
83.71% of 1068 companies
in the Metals & Mining industry
Industry Median: 120.27 vs SHSE:600111: 32.93

China Northern Rare Earth (Group) High-Tech Co's Days Payable declined from Jun. 2025 (46.84) to Jun. 2026 (31.45). It may suggest that China Northern Rare Earth (Group) High-Tech Co accelerated paying its suppliers.


China Northern Rare Earth (Group) High-Tech Co Days Payable Related Terms


China Northern Rare Earth (Group) High-Tech Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech Co Days Payable Chart

China Northern Rare Earth (Group) High-Tech 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 33.44 35.73 34.25 42.65 38.60

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 46.84 34.10 32.24 32.69 31.45

China Northern Rare Earth (Group) High-Tech Co Days Payable Competitor Comparison

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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.


China Northern Rare Earth (Group) High-Tech Co Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's Days Payable falls into.


SHSE:600111
88GF Score
China Northern Rare Earth (Group) High-Tech Co Ltd SHSE:600111
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech 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
=( (4293.309 + 3610.955) / 2 ) / 37367.294*365
=3952.132 / 37367.294*365
=38.60

China Northern Rare Earth (Group) High-Tech Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (3763.086 + 4255.017) / 2 ) / 11631.771*365 / 4
=4009.0515 / 11631.771*365 / 4
=31.45

* 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 31.45 mean?
China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) has a Days Payable of 31.45 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Northern Rare Earth (Group) High-Tech Co and its competitors. This is 10% below median its historical median of 34.99. Over the past decade, China Northern Rare Earth (Group) High-Tech Co's Days Payable has ranged from 27.75 to 110.91. According to the industry distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #894 out of 1068 companies in the Metals & Mining industry, placing it in the top 83.7%.
Is China Northern Rare Earth (Group) High-Tech Co's Days Payable too high?
China Northern Rare Earth (Group) High-Tech Co's current Days Payable of 31.45 is 10% below median its 10-year median of 34.99. Over the past 10 years, this metric has ranged from a low of 27.75 to a high of 110.91. The Metals & Mining industry median Days Payable is 120.27. China Northern Rare Earth (Group) High-Tech Co's value of 31.45 is 73.9% below this industry median. Based on the distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #894 out of 1068 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, China Northern Rare Earth (Group) High-Tech Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Northern Rare Earth (Group) High-Tech Co's Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #894 out of 1068 companies for Days Payable. This places China Northern Rare Earth (Group) High-Tech Co in the lower half of its industry. The industry median Days Payable is 120.27. China Northern Rare Earth (Group) High-Tech Co's value of 31.45 is 73.9% below this benchmark. Historically, China Northern Rare Earth (Group) High-Tech Co's own Days Payable has ranged from 27.75 to 110.91 over the past decade. While the company's 10-year median is 34.99 vs. the industry median of 120.27, China Northern Rare Earth (Group) High-Tech Co has consistently been below 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 120.27, based on 1,068 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. China Northern Rare Earth (Group) High-Tech Co's current Days Payable of 31.45 is 73.9% below 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 China Northern Rare Earth (Group) High-Tech Co and its competitors. For the Metals & Mining industry, the median Days Payable is 120.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Northern Rare Earth (Group) High-Tech Co's current Days Payable is 31.45, which is 10% below median its own 10-year median of 34.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Northern Rare Earth (Group) High-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥35.42, compared to a current price of ¥39.94 — trading 12.8% above its estimated fair value. The current Days Payable is 31.45, which is 10% below median its 10-year median of 34.99 and 73.9% below the Metals & Mining industry median of 120.27. China Northern Rare Earth (Group) High-Tech Co's overall GF Score™ is 88/100 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 China Northern Rare Earth (Group) High-Tech Co (SHSE:600111), the current Days Payable is 31.45 as of Jun. 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 China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Overvalued in 2026?

Based on GuruFocus' analysis, China Northern Rare Earth (Group) High-Tech Co stock appears to be overvalued. The current stock price of ¥39.94 is trading 12.8% above its estimated GF Value™ of ¥35.42. GuruFocus considers China Northern Rare Earth (Group) High-Tech Co to be Modestly Overvalued.

Key valuation signals for SHSE:600111:

  • Days Payable: 31.45 (10% below median its 10-year median of 34.99)
  • GF Value™: ¥35.42 vs. price of ¥39.94 (12.8% above fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 73.9% below the Metals & Mining median (#894 of 1068)

No single metric tells the full story. See the SHSE:600111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Northern Rare Earth (Group) High-Tech Co Business Description

Other Exchanges CNRE80:Thailand
Address No. 83 Huanghe Street, Rare Earth High-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030
China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in the non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources. The company operates through four segments. The Trading Business segment focuses on the distribution of rare earth raw materials. The Production Business segment is involved in the manufacturing of these raw materials. The Rare Earth Functional Materials and Application Products segment covers the development and sale of rare earth-based materials and their applications. The Environmental Protection Industry and Others segment provides services related to environmental management, including the treatment and recycling of waste gas, wastewater, and solid waste.
88GF Score

Get the complete analysis for SHSE:600111

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

¥39.94
Price
¥35.42
GF Value