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Henan Pinggao Electric CoSHSE:600312 +3.90%87 Days Payable is 383.96 as of Mar. 2026, which is 25% above its 10-year median of 307.55. GuruFocus rates SHSE:600312 with a GF Score™ of 87/100 and a GF Value™ of ¥16.97 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,993 Industrial Products companies, Henan Pinggao Electric Co ranks better than 94.85% on this metric.
The historical rank and industry rank for Henan Pinggao Electric Co's Days Payable or its related term are showing as below:
SHSE:600312'
s Days Payable Range Over the Past 10 Years
Min: 227.26 Med: 307.55 Max: 381.47
Current: 300.51
During the past 13 years, Henan Pinggao Electric Co's highest Days Payable was 381.47. The lowest was 227.26. And the median was 307.55.
SHSE:600312's Days Payable is ranked better than 94.85% of 2993
companies
in the Industrial Products industry
Industry Median: 78.04
vs SHSE:600312: 300.51
* 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 Electrical Equipment & Parts subindustry, Henan Pinggao Electric 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.
Henan Pinggao Electric Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Henan Pinggao Electric Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Henan Pinggao Electric Co's Days Payable falls into.
Henan Pinggao Electric 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.
Henan Pinggao Electric 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.
Henan Pinggao Electric Co (SHSE:600312) has a Days Payable of 383.96 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 Henan Pinggao Electric Co and its competitors. This is 25% above median its historical median of 307.55. Over the past decade, Henan Pinggao Electric Co's Days Payable has ranged from 227.26 to 381.47. According to the industry distribution chart, Henan Pinggao Electric Co ranks #154 out of 2993 companies in the Industrial Products industry, placing it in the top 5.1%.
Is Henan Pinggao Electric Co's Days Payable too high?
Henan Pinggao Electric Co's current Days Payable of 383.96 is 25% above median its 10-year median of 307.55. Over the past 10 years, this metric has ranged from a low of 227.26 to a high of 381.47. The Industrial Products industry median Days Payable is 78.04. Henan Pinggao Electric Co's value of 383.96 is 392% above this industry median. Based on the distribution chart, Henan Pinggao Electric Co ranks #154 out of 2993 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Henan Pinggao Electric Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henan Pinggao Electric Co's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Henan Pinggao Electric Co ranks #154 out of 2993 companies for Days Payable. This places Henan Pinggao Electric Co in the top 5% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.04. Henan Pinggao Electric Co's value of 383.96 is 392% above this benchmark. Historically, Henan Pinggao Electric Co's own Days Payable has ranged from 227.26 to 381.47 over the past decade. While the company's 10-year median is 307.55 vs. the industry median of 78.04, Henan Pinggao Electric 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 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. Henan Pinggao Electric Co's current Days Payable of 383.96 is 392% 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 Henan Pinggao Electric Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Pinggao Electric Co's current Days Payable is 383.96, which is 25% above median its own 10-year median of 307.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Pinggao Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Pinggao Electric Co (SHSE:600312) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.97, compared to a current price of ¥17.33 — trading 2.1% above its estimated fair value. The current Days Payable is 383.96, which is 25% above median its 10-year median of 307.55 and 392% above the Industrial Products industry median of 78.04. Henan Pinggao Electric Co's overall GF Score™ is 87/100 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 Henan Pinggao Electric Co (SHSE:600312), the current Days Payable is 383.96 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 Henan Pinggao Electric Co (SHSE:600312) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Pinggao Electric Co stock appears to be overvalued.
The current stock price of ¥17.33 is trading 2.1% above its estimated GF Value™ of ¥16.97.
GuruFocus considers Henan Pinggao Electric Co to be Fairly Valued.
Key valuation signals for SHSE:600312:
Days Payable: 383.96 (25% above median its 10-year median of 307.55)
GF Value™: ¥16.97 vs. price of ¥17.33 (2.1% above fair value)
Industry Position: 392% above the Industrial Products median (#154 of 2993)
No single metric tells the full story. See the SHSE:600312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Pinggao Electric Co Ltd is engaged in the manufacture of high and ultrahigh voltage switchgear. The company's products include 40.5~550 kV high voltage SF6 open circuit breakers, and 72.5~550 kV SF6 gas-insulated metal-enclosed switchgear.
87GF Score
Get the complete analysis for SHSE:600312
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