Wanhua Chemical Group Co (SHSE:600309) Days Payable: 133.57 (As of Mar. 2026) — 47% Above Median


SHSE:600309 Wanhua Chemical Group Co Ltd SHSE:600309
86 GF Score
Price ¥67.71
GF Value ¥95.03
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Wanhua Chemical Group Co Days Payable?

Wanhua Chemical Group Co SHSE:600309 -1.70% 86 Days Payable is 133.57 as of Mar. 2026, which is 47% above its 10-year median of 90.62. GuruFocus rates SHSE:600309 with a GF Score™ of 86/100 and a GF Value™ of ¥95.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,551 Chemicals companies, Wanhua Chemical Group Co ranks better than 84.14% on this metric.

Wanhua Chemical Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥67,469 Mil. Wanhua Chemical Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥46,091 Mil. Hence, Wanhua Chemical Group Co's Days Payable for the three months ended in Mar. 2026 was 133.57.

The historical rank and industry rank for Wanhua Chemical Group Co's Days Payable or its related term are showing as below:

SHSE:600309' s Days Payable Range Over the Past 10 Years
Min: 58.47   Med: 90.62   Max: 151.2
Current: 127.73

During the past 13 years, Wanhua Chemical Group Co's highest Days Payable was 151.20. The lowest was 58.47. And the median was 90.62.

SHSE:600309's Days Payable is ranked better than
84.14% of 1551 companies
in the Chemicals industry
Industry Median: 59.87 vs SHSE:600309: 127.73

Wanhua Chemical Group Co's Days Payable declined from Mar. 2025 (161.51) to Mar. 2026 (133.57). It may suggest that Wanhua Chemical Group Co accelerated paying its suppliers.


Wanhua Chemical Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Wanhua Chemical Group 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.

Wanhua Chemical Group Co Days Payable Chart

Wanhua Chemical Group 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 64.80 58.92 87.29 137.17 151.20

Wanhua Chemical Group 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 161.51 125.44 127.51 135.06 133.57

SHSE:600309 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Wanhua Chemical Group 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.


Wanhua Chemical Group Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wanhua Chemical Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wanhua Chemical Group Co's Days Payable falls into.


SHSE:600309
86GF Score
Wanhua Chemical Group Co Ltd SHSE:600309
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Wanhua Chemical Group 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.

Wanhua Chemical Group 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
=( (69136.123 + 76323.919) / 2 ) / 175569.585*365
=72730.021 / 175569.585*365
=151.20

Wanhua Chemical Group 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
=( (76323.919 + 58614.024) / 2 ) / 46091.338*365 / 4
=67468.9715 / 46091.338*365 / 4
=133.57

* 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 133.57 mean?
Wanhua Chemical Group Co (SHSE:600309) has a Days Payable of 133.57 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 Wanhua Chemical Group Co and its competitors. This is 47% above median its historical median of 90.62. Over the past decade, Wanhua Chemical Group Co's Days Payable has ranged from 58.47 to 151.20. According to the industry distribution chart, Wanhua Chemical Group Co ranks #246 out of 1551 companies in the Chemicals industry, placing it in the top 15.9%.
Is Wanhua Chemical Group Co's Days Payable too high?
Wanhua Chemical Group Co's current Days Payable of 133.57 is 47% above median its 10-year median of 90.62. Over the past 10 years, this metric has ranged from a low of 58.47 to a high of 151.20. The Chemicals industry median Days Payable is 59.87. Wanhua Chemical Group Co's value of 133.57 is 123.1% above this industry median. Based on the distribution chart, Wanhua Chemical Group Co ranks #246 out of 1551 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Wanhua Chemical Group Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wanhua Chemical Group Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Wanhua Chemical Group Co ranks #246 out of 1551 companies for Days Payable. This places Wanhua Chemical Group Co in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.87. Wanhua Chemical Group Co's value of 133.57 is 123.1% above this benchmark. Historically, Wanhua Chemical Group Co's own Days Payable has ranged from 58.47 to 151.20 over the past decade. While the company's 10-year median is 90.62 vs. the industry median of 59.87, Wanhua Chemical Group 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,551 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. Wanhua Chemical Group Co's current Days Payable of 133.57 is 123.1% 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 Wanhua Chemical Group Co and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wanhua Chemical Group Co's current Days Payable is 133.57, which is 47% above median its own 10-year median of 90.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wanhua Chemical Group Co stock overvalued right now?
Based on GuruFocus' analysis, Wanhua Chemical Group Co (SHSE:600309) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥95.03, compared to a current price of ¥67.71 — trading 28.7% below its estimated fair value. The current Days Payable is 133.57, which is 47% above median its 10-year median of 90.62 and 123.1% above the Chemicals industry median of 59.87. Wanhua Chemical Group Co's overall GF Score™ is 86/100 with 7 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 Wanhua Chemical Group Co (SHSE:600309), the current Days Payable is 133.57 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 Wanhua Chemical Group Co (SHSE:600309) Overvalued in 2026?

Based on GuruFocus' analysis, Wanhua Chemical Group Co stock appears to be undervalued. The current stock price of ¥67.71 is trading 28.7% below its estimated GF Value™ of ¥95.03. GuruFocus considers Wanhua Chemical Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600309:

  • Days Payable: 133.57 (47% above median its 10-year median of 90.62)
  • GF Value™: ¥95.03 vs. price of ¥67.71 (28.7% below fair value)
  • GF Score™: 86/100 with 7 warning signs
  • Industry Position: 123.1% above the Chemicals median (#246 of 1551)

No single metric tells the full story. See the SHSE:600309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wanhua Chemical Group Co Business Description

Address No. 3, Sanya Road, Economic and Technological Development Zone, Yantai, CHN, 264006
Wanhua Chemical Group Co Ltd is engaged in the development, production, and sales of polyurethane and additives, isocyanate and derivative products; the sales of liquefied petroleum gas, propylene, acrylic acid, and other petrochemical products.
86GF Score

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

¥67.71
Price
¥95.03
GF Value