Shanghai Prosolar Resources Development Co (SHSE:600193) Days Payable: 169.60 (As of Mar. 2026) — 43% Below Median

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SHSE:600193 Shanghai Prosolar Resources Development Co Ltd SHSE:600193
23 GF Score
Price ¥0.16
GF Value ¥20.22
Valuation Possible Value Trap
! 9 Warning Signs
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What is Shanghai Prosolar Resources Development Co Days Payable?

Shanghai Prosolar Resources Development Co SHSE:600193 23 Days Payable is 169.60 as of Mar. 2026, which is 43% below its 10-year median of 298.10. GuruFocus rates SHSE:600193 with a GF Score™ of 23/100 and a GF Value™ of ¥20.22 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,721 Construction companies, Shanghai Prosolar Resources Development Co ranks better than 84.14% on this metric.

Shanghai Prosolar Resources Development Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥212.0 Mil. Shanghai Prosolar Resources Development Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥114.1 Mil. Hence, Shanghai Prosolar Resources Development Co's Days Payable for the three months ended in Mar. 2026 was 169.60.

The historical rank and industry rank for Shanghai Prosolar Resources Development Co's Days Payable or its related term are showing as below:

SHSE:600193' s Days Payable Range Over the Past 10 Years
Min: 93.17   Med: 298.1   Max: 17422.51
Current: 225.18

During the past 13 years, Shanghai Prosolar Resources Development Co's highest Days Payable was 17422.51. The lowest was 93.17. And the median was 298.10.

SHSE:600193's Days Payable is ranked better than
84.14% of 1721 companies
in the Construction industry
Industry Median: 76.67 vs SHSE:600193: 225.18

Shanghai Prosolar Resources Development Co's Days Payable declined from Mar. 2025 (83,102.52) to Mar. 2026 (169.60). It may suggest that Shanghai Prosolar Resources Development Co accelerated paying its suppliers.


Shanghai Prosolar Resources Development Co Days Payable Related Terms


Shanghai Prosolar Resources Development Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shanghai Prosolar Resources Development 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.

Shanghai Prosolar Resources Development Co Days Payable Chart

Shanghai Prosolar Resources Development 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 358.13 792.29 1,337.85 17,422.51 335.23

Shanghai Prosolar Resources Development 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 83,102.52 132,943.91 1,586.72 83.64 169.60

SHSE:600193 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Shanghai Prosolar Resources Development 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.


Shanghai Prosolar Resources Development Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Shanghai Prosolar Resources Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Prosolar Resources Development Co's Days Payable falls into.


SHSE:600193
23GF Score
Shanghai Prosolar Resources Development Co Ltd SHSE:600193
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Prosolar Resources Development 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.

Shanghai Prosolar Resources Development 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
=( (315.974 + 241.894) / 2 ) / 303.704*365
=278.934 / 303.704*365
=335.23

Shanghai Prosolar Resources Development 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
=( (241.894 + 182.201) / 2 ) / 114.091*365 / 4
=212.0475 / 114.091*365 / 4
=169.60

* 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 169.60 mean?
Shanghai Prosolar Resources Development Co (SHSE:600193) has a Days Payable of 169.60 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 Shanghai Prosolar Resources Development Co and its competitors. This is 43% below median its historical median of 298.10. Over the past decade, Shanghai Prosolar Resources Development Co's Days Payable has ranged from 93.17 to 17,422.51. According to the industry distribution chart, Shanghai Prosolar Resources Development Co ranks #273 out of 1721 companies in the Construction industry, placing it in the top 15.9%.
Is Shanghai Prosolar Resources Development Co's Days Payable too high?
Shanghai Prosolar Resources Development Co's current Days Payable of 169.60 is 43% below median its 10-year median of 298.10. Over the past 10 years, this metric has ranged from a low of 93.17 to a high of 17,422.51. The Construction industry median Days Payable is 76.67. Shanghai Prosolar Resources Development Co's value of 169.60 is 121.2% above this industry median. Based on the distribution chart, Shanghai Prosolar Resources Development Co ranks #273 out of 1721 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Prosolar Resources Development Co has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai Prosolar Resources Development Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Shanghai Prosolar Resources Development Co ranks #273 out of 1721 companies for Days Payable. This places Shanghai Prosolar Resources Development Co in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.67. Shanghai Prosolar Resources Development Co's value of 169.60 is 121.2% above this benchmark. Historically, Shanghai Prosolar Resources Development Co's own Days Payable has ranged from 93.17 to 17,422.51 over the past decade. While the company's 10-year median is 298.10 vs. the industry median of 76.67, Shanghai Prosolar Resources Development 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 76.67, based on 1,721 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. Shanghai Prosolar Resources Development Co's current Days Payable of 169.60 is 121.2% 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 Shanghai Prosolar Resources Development Co and its competitors. For the Construction industry, the median Days Payable is 76.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Prosolar Resources Development Co's current Days Payable is 169.60, which is 43% below median its own 10-year median of 298.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Prosolar Resources Development Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Prosolar Resources Development Co (SHSE:600193) is currently considered Possible Value Trap. The stock's GF Value™ is ¥20.22, compared to a current price of ¥0.16 — trading 99.2% below its estimated fair value. The current Days Payable is 169.60, which is 43% below median its 10-year median of 298.10 and 121.2% above the Construction industry median of 76.67. Shanghai Prosolar Resources Development Co's overall GF Score™ is 23/100 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 Shanghai Prosolar Resources Development Co (SHSE:600193), the current Days Payable is 169.60 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 Shanghai Prosolar Resources Development Co (SHSE:600193) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Prosolar Resources Development Co stock appears to be undervalued. The current stock price of ¥0.16 is trading 99.2% below its estimated GF Value™ of ¥20.22. GuruFocus considers Shanghai Prosolar Resources Development Co to be Possible Value Trap.

Key valuation signals for SHSE:600193:

  • Days Payable: 169.60 (43% below median its 10-year median of 298.10)
  • GF Value™: ¥20.22 vs. price of ¥0.16 (99.2% below fair value)
  • GF Score™: 23/100 with 9 warning signs
  • Industry Position: 121.2% above the Construction median (#273 of 1721)

No single metric tells the full story. See the SHSE:600193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Prosolar Resources Development Co Business Description

Address 3rd Floor, No. 1388 Kangqiao Road, Pudong New District, Shanghai, CHN, 201315
Shanghai Prosolar Resources Development Co Ltd is engaged in general contracting for construction of theme park venues, high-end hotels and residences, general contracting for interior decoration, BIM modeling consulting services and product sales for engineering projects.
23GF Score

Get the complete analysis for SHSE:600193

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

¥0.16
Price
¥20.22
GF Value