Tonghua Grape Wine Co (SHSE:600365) Days Payable: 31.02 (As of Mar. 2026) — 18% Above Median


SHSE:600365 Tonghua Grape Wine Co Ltd SHSE:600365
42 GF Score
Price ¥2.62
GF Value ¥2.41
Valuation Fairly Valued
! 6 Warning Signs
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What is Tonghua Grape Wine Co Days Payable?

Tonghua Grape Wine Co SHSE:600365 42 Days Payable is 31.02 as of Mar. 2026, which is 18% above its 10-year median of 26.34. GuruFocus rates SHSE:600365 with a GF Score™ of 42/100 and a GF Value™ of ¥2.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Tonghua Grape Wine Co ranks worse than 88% on this metric.

Tonghua Grape Wine Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥52.2 Mil. Tonghua Grape Wine Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥153.5 Mil. Hence, Tonghua Grape Wine Co's Days Payable for the three months ended in Mar. 2026 was 31.02.

The historical rank and industry rank for Tonghua Grape Wine Co's Days Payable or its related term are showing as below:

SHSE:600365' s Days Payable Range Over the Past 10 Years
Min: 19.07   Med: 26.34   Max: 78.14
Current: 30.57

During the past 13 years, Tonghua Grape Wine Co's highest Days Payable was 78.14. The lowest was 19.07. And the median was 26.34.

SHSE:600365's Days Payable is ranked worse than
88% of 200 companies
in the Beverages - Alcoholic industry
Industry Median: 82.04 vs SHSE:600365: 30.57

Tonghua Grape Wine Co's Days Payable increased from Mar. 2025 (30.19) to Mar. 2026 (31.02). It may suggest that Tonghua Grape Wine Co delayed paying its suppliers.


Tonghua Grape Wine Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tonghua Grape Wine 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.

Tonghua Grape Wine Co Days Payable Chart

Tonghua Grape Wine 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 19.99 19.07 21.65 22.45 30.25

Tonghua Grape Wine 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 30.19 25.26 40.48 26.70 31.02

SHSE:600365 vs BF.B: Days Payable Comparison

For the Beverages - Wineries & Distilleries subindustry, Tonghua Grape Wine 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.


Tonghua Grape Wine Co Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tonghua Grape Wine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tonghua Grape Wine Co's Days Payable falls into.


SHSE:600365
42GF Score
Tonghua Grape Wine Co Ltd SHSE:600365
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tonghua Grape Wine 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.

Tonghua Grape Wine 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
=( (50.292 + 46.763) / 2 ) / 585.447*365
=48.5275 / 585.447*365
=30.25

Tonghua Grape Wine 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
=( (46.763 + 57.629) / 2 ) / 153.53*365 / 4
=52.196 / 153.53*365 / 4
=31.02

* 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 31.02 mean?
Tonghua Grape Wine Co (SHSE:600365) has a Days Payable of 31.02 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 Tonghua Grape Wine Co and its competitors. This is 18% above median its historical median of 26.34. Over the past decade, Tonghua Grape Wine Co's Days Payable has ranged from 19.07 to 78.14. According to the industry distribution chart, Tonghua Grape Wine Co ranks #176 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 88%.
Is Tonghua Grape Wine Co's Days Payable too high?
Tonghua Grape Wine Co's current Days Payable of 31.02 is 18% above median its 10-year median of 26.34. Over the past 10 years, this metric has ranged from a low of 19.07 to a high of 78.14. The Beverages - Alcoholic industry median Days Payable is 82.04. Tonghua Grape Wine Co's value of 31.02 is 62.2% below this industry median. Based on the distribution chart, Tonghua Grape Wine Co ranks #176 out of 200 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Tonghua Grape Wine Co has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tonghua Grape Wine Co's Days Payable compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Tonghua Grape Wine Co ranks #176 out of 200 companies for Days Payable. This places Tonghua Grape Wine Co in the lower half of its industry. The industry median Days Payable is 82.04. Tonghua Grape Wine Co's value of 31.02 is 62.2% below this benchmark. Historically, Tonghua Grape Wine Co's own Days Payable has ranged from 19.07 to 78.14 over the past decade. While the company's 10-year median is 26.34 vs. the industry median of 82.04, Tonghua Grape Wine Co has consistently been below 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. Tonghua Grape Wine Co's current Days Payable of 31.02 is 62.2% below 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 Tonghua Grape Wine 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. Tonghua Grape Wine Co's current Days Payable is 31.02, which is 18% above median its own 10-year median of 26.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonghua Grape Wine Co stock overvalued right now?
Based on GuruFocus' analysis, Tonghua Grape Wine Co (SHSE:600365) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.41, compared to a current price of ¥2.62 — trading 8.7% above its estimated fair value. The current Days Payable is 31.02, which is 18% above median its 10-year median of 26.34 and 62.2% below the Beverages - Alcoholic industry median of 82.04. Tonghua Grape Wine Co's overall GF Score™ is 42/100 with 6 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 Tonghua Grape Wine Co (SHSE:600365), the current Days Payable is 31.02 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 Tonghua Grape Wine Co (SHSE:600365) Overvalued in 2026?

Based on GuruFocus' analysis, Tonghua Grape Wine Co stock appears to be overvalued. The current stock price of ¥2.62 is trading 8.7% above its estimated GF Value™ of ¥2.41. GuruFocus considers Tonghua Grape Wine Co to be Fairly Valued.

Key valuation signals for SHSE:600365:

  • Days Payable: 31.02 (18% above median its 10-year median of 26.34)
  • GF Value™: ¥2.41 vs. price of ¥2.62 (8.7% above fair value)
  • GF Score™: 42/100 with 6 warning signs
  • Industry Position: 62.2% below the Beverages - Alcoholic median (#176 of 200)

No single metric tells the full story. See the SHSE:600365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonghua Grape Wine Co Business Description

Address No. 28 Qianxing Road, Jilin Province, Tonghua, CHN, 134002
Tonghua Grape Wine Co Ltd is engaged in the manufacture of wine and refined tea in China.
42GF Score

Get the complete analysis for SHSE:600365

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

¥2.62
Price
¥2.41
GF Value