COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Days Payable: 54.19 (As of Mar. 2026) — 39% Below Median

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SHSE:600428 COSCO SHIPPING Specialized Carriers Co Ltd SHSE:600428
82 GF Score
Price ¥10.57
GF Value ¥8.54
Valuation Modestly Overvalued
! 7 Warning Signs
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What is COSCO SHIPPING Specialized Carriers Co Days Payable?

COSCO SHIPPING Specialized Carriers Co SHSE:600428 -0.09% 82 Days Payable is 54.19 as of Mar. 2026, which is 39% below its 10-year median of 88.58. GuruFocus rates SHSE:600428 with a GF Score™ of 82/100 and a GF Value™ of ¥8.54 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 968 Transportation companies, COSCO SHIPPING Specialized Carriers Co ranks better than 64.57% on this metric.

COSCO SHIPPING Specialized Carriers Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥3,132 Mil. COSCO SHIPPING Specialized Carriers Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥5,274 Mil. Hence, COSCO SHIPPING Specialized Carriers Co's Days Payable for the three months ended in Mar. 2026 was 54.19.

The historical rank and industry rank for COSCO SHIPPING Specialized Carriers Co's Days Payable or its related term are showing as below:

SHSE:600428' s Days Payable Range Over the Past 10 Years
Min: 53.39   Med: 88.58   Max: 124.1
Current: 54.72

During the past 13 years, COSCO SHIPPING Specialized Carriers Co's highest Days Payable was 124.10. The lowest was 53.39. And the median was 88.58.

SHSE:600428's Days Payable is ranked better than
64.57% of 968 companies
in the Transportation industry
Industry Median: 38.705 vs SHSE:600428: 54.72

COSCO SHIPPING Specialized Carriers Co's Days Payable declined from Mar. 2025 (57.40) to Mar. 2026 (54.19). It may suggest that COSCO SHIPPING Specialized Carriers Co accelerated paying its suppliers.


COSCO SHIPPING Specialized Carriers Co Days Payable Related Terms


COSCO SHIPPING Specialized Carriers Co Days Payable Historical Data

* Premium members only.

The historical data trend for COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co Days Payable Chart

COSCO SHIPPING Specialized Carriers 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 80.44 70.92 71.15 60.73 53.39

COSCO SHIPPING Specialized Carriers 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 57.40 58.55 55.32 48.27 54.19

COSCO SHIPPING Specialized Carriers Co Days Payable Competitor Comparison

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.


COSCO SHIPPING Specialized Carriers Co Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Days Payable distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's Days Payable falls into.


SHSE:600428
82GF Score
COSCO SHIPPING Specialized Carriers Co Ltd SHSE:600428
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers 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
=( (2438.137 + 2910.045) / 2 ) / 18280.031*365
=2674.091 / 18280.031*365
=53.39

COSCO SHIPPING Specialized Carriers 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
=( (2910.045 + 3353.466) / 2 ) / 5273.562*365 / 4
=3131.7555 / 5273.562*365 / 4
=54.19

* 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 54.19 mean?
COSCO SHIPPING Specialized Carriers Co (SHSE:600428) has a Days Payable of 54.19 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 COSCO SHIPPING Specialized Carriers Co and its competitors. This is 39% below median its historical median of 88.58. Over the past decade, COSCO SHIPPING Specialized Carriers Co's Days Payable has ranged from 53.39 to 124.10. According to the industry distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #343 out of 968 companies in the Transportation industry, placing it in the top 35.4%.
Is COSCO SHIPPING Specialized Carriers Co's Days Payable too high?
COSCO SHIPPING Specialized Carriers Co's current Days Payable of 54.19 is 39% below median its 10-year median of 88.58. Over the past 10 years, this metric has ranged from a low of 53.39 to a high of 124.10. The Transportation industry median Days Payable is 38.71. COSCO SHIPPING Specialized Carriers Co's value of 54.19 is 40% above this industry median. Based on the distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #343 out of 968 companies in the Transportation industry, which is above the industry midpoint. Overall, COSCO SHIPPING Specialized Carriers Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COSCO SHIPPING Specialized Carriers Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #343 out of 968 companies for Days Payable. This puts COSCO SHIPPING Specialized Carriers Co in the upper half of its industry. The industry median Days Payable is 38.71. COSCO SHIPPING Specialized Carriers Co's value of 54.19 is 40% above this benchmark. Historically, COSCO SHIPPING Specialized Carriers Co's own Days Payable has ranged from 53.39 to 124.10 over the past decade. While the company's 10-year median is 88.58 vs. the industry median of 38.71, COSCO SHIPPING Specialized Carriers 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 Transportation company?
The median Days Payable among Transportation companies is 38.71, based on 968 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. COSCO SHIPPING Specialized Carriers Co's current Days Payable of 54.19 is 40% 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 COSCO SHIPPING Specialized Carriers Co and its competitors. For the Transportation industry, the median Days Payable is 38.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COSCO SHIPPING Specialized Carriers Co's current Days Payable is 54.19, which is 39% below median its own 10-year median of 88.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COSCO SHIPPING Specialized Carriers Co stock overvalued right now?
Based on GuruFocus' analysis, COSCO SHIPPING Specialized Carriers Co (SHSE:600428) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.54, compared to a current price of ¥10.57 — trading 23.8% above its estimated fair value. The current Days Payable is 54.19, which is 39% below median its 10-year median of 88.58 and 40% above the Transportation industry median of 38.71. COSCO SHIPPING Specialized Carriers Co's overall GF Score™ is 82/100 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 COSCO SHIPPING Specialized Carriers Co (SHSE:600428), the current Days Payable is 54.19 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 COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Overvalued in 2026?

Based on GuruFocus' analysis, COSCO SHIPPING Specialized Carriers Co stock appears to be overvalued. The current stock price of ¥10.57 is trading 23.8% above its estimated GF Value™ of ¥8.54. GuruFocus considers COSCO SHIPPING Specialized Carriers Co to be Modestly Overvalued.

Key valuation signals for SHSE:600428:

  • Days Payable: 54.19 (39% below median its 10-year median of 88.58)
  • GF Value™: ¥8.54 vs. price of ¥10.57 (23.8% above fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 40% above the Transportation median (#343 of 968)

No single metric tells the full story. See the SHSE:600428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


COSCO SHIPPING Specialized Carriers Co Business Description

Address No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623
COSCO SHIPPING Specialized Carriers Co Ltd is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.
82GF Score

Get the complete analysis for SHSE:600428

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

¥10.57
Price
¥8.54
GF Value