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Chongqing Brewery CoSHSE:600132 -2.25%89 Days Payable is 107.30 as of Mar. 2026, which is 4% below its 10-year median of 112.16. GuruFocus rates SHSE:600132 with a GF Score™ of 89/100 and a GF Value™ of ¥58.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Chongqing Brewery Co ranks better than 67% on this metric.
The historical rank and industry rank for Chongqing Brewery Co's Days Payable or its related term are showing as below:
SHSE:600132'
s Days Payable Range Over the Past 10 Years
Min: 60.16 Med: 112.16 Max: 138.91
Current: 138.91
During the past 13 years, Chongqing Brewery Co's highest Days Payable was 138.91. The lowest was 60.16. And the median was 112.16.
SHSE:600132's Days Payable is ranked better than 67% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 82.04
vs SHSE:600132: 138.91
Chongqing Brewery Co's Days Payable
increased
from Mar. 2025 (102.48) to Mar. 2026 (107.30).
It may suggest that Chongqing Brewery Codelayed paying its suppliers.
Chongqing Brewery Co Days Payable Related Terms
Chongqing Brewery Co Days Payable Historical Data
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The historical data trend for Chongqing Brewery 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.
For the Beverages - Brewers subindustry, Chongqing Brewery 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.
Chongqing Brewery Co Days Payable vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Chongqing Brewery 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.
Chongqing Brewery 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.
Chongqing Brewery Co (SHSE:600132) has a Days Payable of 107.30 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 Chongqing Brewery Co and its competitors. This is near median its historical median of 112.16. Over the past decade, Chongqing Brewery Co's Days Payable has ranged from 60.16 to 138.91. According to the industry distribution chart, Chongqing Brewery Co ranks #66 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 33%.
Is Chongqing Brewery Co's Days Payable too high?
Chongqing Brewery Co's current Days Payable of 107.30 is near median its 10-year median of 112.16. Over the past 10 years, this metric has ranged from a low of 60.16 to a high of 138.91. The Beverages - Alcoholic industry median Days Payable is 82.04. Chongqing Brewery Co's value of 107.30 is 30.8% above this industry median. Based on the distribution chart, Chongqing Brewery Co ranks #66 out of 200 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Chongqing Brewery Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's Days Payable compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #66 out of 200 companies for Days Payable. This puts Chongqing Brewery Co in the upper half of its industry. The industry median Days Payable is 82.04. Chongqing Brewery Co's value of 107.30 is 30.8% above this benchmark. Historically, Chongqing Brewery Co's own Days Payable has ranged from 60.16 to 138.91 over the past decade. While the company's 10-year median is 112.16 vs. the industry median of 82.04, Chongqing Brewery 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 82.04, based on 200 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. Chongqing Brewery Co's current Days Payable of 107.30 is 30.8% 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 Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 82.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current Days Payable is 107.30, which is near median its own 10-year median of 112.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.29, compared to a current price of ¥43.50 — trading 25.4% below its estimated fair value. The current Days Payable is 107.30, which is near median its 10-year median of 112.16 and 30.8% above the Beverages - Alcoholic industry median of 82.04. Chongqing Brewery Co's overall GF Score™ is 89/100 with 2 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 Chongqing Brewery Co (SHSE:600132), the current Days Payable is 107.30 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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued.
The current stock price of ¥43.50 is trading 25.4% below its estimated GF Value™ of ¥58.29.
GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600132:
Days Payable: 107.30 (near median its 10-year median of 112.16)
GF Value™: ¥58.29 vs. price of ¥43.50 (25.4% below fair value)
Industry Position: 30.8% above the Beverages - Alcoholic median (#66 of 200)
No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
89GF Score
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