Kexin Development Co Shanxi (SHSE:600234) Days Payable: 273.56 (As of Mar. 2026) — 25% Above Median

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SHSE:600234 Kexin Development Co Ltd Shanxi SHSE:600234
46 GF Score
Price ¥18.11
GF Value ¥17.70
Valuation Fairly Valued
! 3 Warning Signs
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What is Kexin Development Co Shanxi Days Payable?

Kexin Development Co Shanxi SHSE:600234 -1.79% 46 Days Payable is 273.56 as of Mar. 2026, which is 25% above its 10-year median of 219.14. GuruFocus rates SHSE:600234 with a GF Score™ of 46/100 and a GF Value™ of ¥17.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 911 Media - Diversified companies, Kexin Development Co Shanxi ranks better than 70.69% on this metric.

Kexin Development Co Shanxi's average Accounts Payable for the three months ended in Mar. 2026 was ¥166.6 Mil. Kexin Development Co Shanxi's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥55.6 Mil. Hence, Kexin Development Co Shanxi's Days Payable for the three months ended in Mar. 2026 was 273.56.

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

SHSE:600234' s Days Payable Range Over the Past 10 Years
Min: 62.9   Med: 219.14   Max: 10092.08
Current: 168.92

During the past 13 years, Kexin Development Co Shanxi's highest Days Payable was 10092.08. The lowest was 62.90. And the median was 219.14.

SHSE:600234's Days Payable is ranked better than
70.69% of 911 companies
in the Media - Diversified industry
Industry Median: 82.61 vs SHSE:600234: 168.92

Kexin Development Co Shanxi's Days Payable declined from Mar. 2025 (394.18) to Mar. 2026 (273.56). It may suggest that Kexin Development Co Shanxi accelerated paying its suppliers.


Kexin Development Co Shanxi Days Payable Historical Data

* Premium members only.

The historical data trend for Kexin Development Co Shanxi'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.

Kexin Development Co Shanxi Days Payable Chart

Kexin Development Co Shanxi 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 228.67 825.44 490.68 176.18 209.61

Kexin Development Co Shanxi 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 394.18 226.08 130.70 134.63 273.56

SHSE:600234 vs APP, OMC, TTD: Days Payable Comparison

For the Advertising Agencies subindustry, Kexin Development Co Shanxi'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.


Kexin Development Co Shanxi Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kexin Development Co Shanxi's Days Payable distribution charts can be found below:

* The bar in red indicates where Kexin Development Co Shanxi's Days Payable falls into.


SHSE:600234
46GF Score
Kexin Development Co Ltd Shanxi SHSE:600234
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kexin Development Co Shanxi 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.

Kexin Development Co Shanxi'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
=( (216.036 + 186.454) / 2 ) / 350.438*365
=201.245 / 350.438*365
=209.61

Kexin Development Co Shanxi'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
=( (186.454 + 146.789) / 2 ) / 55.58*365 / 4
=166.6215 / 55.58*365 / 4
=273.56

* 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 273.56 mean?
Kexin Development Co Shanxi (SHSE:600234) has a Days Payable of 273.56 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 Kexin Development Co Shanxi and its competitors. This is 25% above median its historical median of 219.14. Over the past decade, Kexin Development Co Shanxi's Days Payable has ranged from 62.90 to 10,092.08. According to the industry distribution chart, Kexin Development Co Shanxi ranks #267 out of 911 companies in the Media - Diversified industry, placing it in the top 29.3%.
Is Kexin Development Co Shanxi's Days Payable too high?
Kexin Development Co Shanxi's current Days Payable of 273.56 is 25% above median its 10-year median of 219.14. Over the past 10 years, this metric has ranged from a low of 62.90 to a high of 10,092.08. The Media - Diversified industry median Days Payable is 82.61. Kexin Development Co Shanxi's value of 273.56 is 231.1% above this industry median. Based on the distribution chart, Kexin Development Co Shanxi ranks #267 out of 911 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Kexin Development Co Shanxi has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kexin Development Co Shanxi's Days Payable compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Kexin Development Co Shanxi ranks #267 out of 911 companies for Days Payable. This puts Kexin Development Co Shanxi in the upper half of its industry. The industry median Days Payable is 82.61. Kexin Development Co Shanxi's value of 273.56 is 231.1% above this benchmark. Historically, Kexin Development Co Shanxi's own Days Payable has ranged from 62.90 to 10,092.08 over the past decade. While the company's 10-year median is 219.14 vs. the industry median of 82.61, Kexin Development Co Shanxi 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 82.61, based on 911 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. Kexin Development Co Shanxi's current Days Payable of 273.56 is 231.1% 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 Kexin Development Co Shanxi and its competitors. For the Media - Diversified industry, the median Days Payable is 82.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kexin Development Co Shanxi's current Days Payable is 273.56, which is 25% above median its own 10-year median of 219.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kexin Development Co Shanxi stock overvalued right now?
Based on GuruFocus' analysis, Kexin Development Co Shanxi (SHSE:600234) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.70, compared to a current price of ¥18.11 — trading 2.3% above its estimated fair value. The current Days Payable is 273.56, which is 25% above median its 10-year median of 219.14 and 231.1% above the Media - Diversified industry median of 82.61. Kexin Development Co Shanxi's overall GF Score™ is 46/100 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 Kexin Development Co Shanxi (SHSE:600234), the current Days Payable is 273.56 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 Kexin Development Co Shanxi (SHSE:600234) Overvalued in 2026?

Based on GuruFocus' analysis, Kexin Development Co Shanxi stock appears to be overvalued. The current stock price of ¥18.11 is trading 2.3% above its estimated GF Value™ of ¥17.70. GuruFocus considers Kexin Development Co Shanxi to be Fairly Valued.

Key valuation signals for SHSE:600234:

  • Days Payable: 273.56 (25% above median its 10-year median of 219.14)
  • GF Value™: ¥17.70 vs. price of ¥18.11 (2.3% above fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 231.1% above the Media - Diversified median (#267 of 911)

No single metric tells the full story. See the SHSE:600234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kexin Development Co Shanxi Business Description

Address No. 289 Yingze Street, Shanxi Province, Taiyuan, CHN, 030001
Kexin Development Co Ltd Shanxi is engaged in cultural event planning; cultural communication planning; corporate image planning; investment in theme parks and tourism cultural projects, cultural performance projects, cinema lines, book publishing publications with own funds; painting and calligraphy art creation and display.
46GF Score

Get the complete analysis for SHSE:600234

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

¥18.11
Price
¥17.70
GF Value