Ningxia Buliding Materials Group Co (SHSE:600449) Days Payable: 206.49 (As of Mar. 2026) — 161% Above Median

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SHSE:600449 Ningxia Buliding Materials Group Co Ltd SHSE:600449
64 GF Score
Price ¥11.83
GF Value ¥7.34
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ningxia Buliding Materials Group Co Days Payable?

Ningxia Buliding Materials Group Co SHSE:600449 -0.08% 64 Days Payable is 206.49 as of Mar. 2026, which is 161% above its 10-year median of 79.13. GuruFocus rates SHSE:600449 with a GF Score™ of 64/100 and a GF Value™ of ¥7.34 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 394 Building Materials companies, Ningxia Buliding Materials Group Co ranks better than 71.32% on this metric.

Ningxia Buliding Materials Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥971 Mil. Ningxia Buliding Materials Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥429 Mil. Hence, Ningxia Buliding Materials Group Co's Days Payable for the three months ended in Mar. 2026 was 206.49.

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

SHSE:600449' s Days Payable Range Over the Past 10 Years
Min: 54.89   Med: 79.13   Max: 108.98
Current: 108.98

During the past 13 years, Ningxia Buliding Materials Group Co's highest Days Payable was 108.98. The lowest was 54.89. And the median was 79.13.

SHSE:600449's Days Payable is ranked better than
71.32% of 394 companies
in the Building Materials industry
Industry Median: 69.16 vs SHSE:600449: 108.98

Ningxia Buliding Materials Group Co's Days Payable increased from Mar. 2025 (158.75) to Mar. 2026 (206.49). It may suggest that Ningxia Buliding Materials Group Co delayed paying its suppliers.


Ningxia Buliding Materials Group Co Days Payable Related Terms


Ningxia Buliding Materials Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Ningxia Buliding Materials 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.

Ningxia Buliding Materials Group Co Days Payable Chart

Ningxia Buliding Materials 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 59.78 54.89 66.81 84.18 107.34

Ningxia Buliding Materials 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 158.75 86.78 101.73 119.41 206.49

SHSE:600449 vs CRH, VMC, MLM: Days Payable Comparison

For the Building Materials subindustry, Ningxia Buliding Materials 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.


Ningxia Buliding Materials Group Co Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's Days Payable falls into.


SHSE:600449
64GF Score
Ningxia Buliding Materials Group Co Ltd SHSE:600449
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningxia Buliding Materials 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.

Ningxia Buliding Materials 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
=( (1574.228 + 1055.811) / 2 ) / 4471.701*365
=1315.0195 / 4471.701*365
=107.34

Ningxia Buliding Materials 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
=( (1055.811 + 886.277) / 2 ) / 429.116*365 / 4
=971.044 / 429.116*365 / 4
=206.49

* 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 206.49 mean?
Ningxia Buliding Materials Group Co (SHSE:600449) has a Days Payable of 206.49 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 Ningxia Buliding Materials Group Co and its competitors. This is 161% above median its historical median of 79.13. Over the past decade, Ningxia Buliding Materials Group Co's Days Payable has ranged from 54.89 to 108.98. According to the industry distribution chart, Ningxia Buliding Materials Group Co ranks #113 out of 394 companies in the Building Materials industry, placing it in the top 28.7%.
Is Ningxia Buliding Materials Group Co's Days Payable too high?
Ningxia Buliding Materials Group Co's current Days Payable of 206.49 is 161% above median its 10-year median of 79.13. Over the past 10 years, this metric has ranged from a low of 54.89 to a high of 108.98. The Building Materials industry median Days Payable is 69.16. Ningxia Buliding Materials Group Co's value of 206.49 is 198.6% above this industry median. Based on the distribution chart, Ningxia Buliding Materials Group Co ranks #113 out of 394 companies in the Building Materials industry, which is above the industry midpoint. Overall, Ningxia Buliding Materials Group Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningxia Buliding Materials Group Co's Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ningxia Buliding Materials Group Co ranks #113 out of 394 companies for Days Payable. This puts Ningxia Buliding Materials Group Co in the upper half of its industry. The industry median Days Payable is 69.16. Ningxia Buliding Materials Group Co's value of 206.49 is 198.6% above this benchmark. Historically, Ningxia Buliding Materials Group Co's own Days Payable has ranged from 54.89 to 108.98 over the past decade. While the company's 10-year median is 79.13 vs. the industry median of 69.16, Ningxia Buliding Materials 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.16, based on 394 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. Ningxia Buliding Materials Group Co's current Days Payable of 206.49 is 198.6% 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 Ningxia Buliding Materials Group Co and its competitors. For the Building Materials industry, the median Days Payable is 69.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningxia Buliding Materials Group Co's current Days Payable is 206.49, which is 161% above median its own 10-year median of 79.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningxia Buliding Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningxia Buliding Materials Group Co (SHSE:600449) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.34, compared to a current price of ¥11.83 — trading 61.2% above its estimated fair value. The current Days Payable is 206.49, which is 161% above median its 10-year median of 79.13 and 198.6% above the Building Materials industry median of 69.16. Ningxia Buliding Materials Group Co's overall GF Score™ is 64/100 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 Ningxia Buliding Materials Group Co (SHSE:600449), the current Days Payable is 206.49 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 Ningxia Buliding Materials Group Co (SHSE:600449) Overvalued in 2026?

Based on GuruFocus' analysis, Ningxia Buliding Materials Group Co stock appears to be overvalued. The current stock price of ¥11.83 is trading 61.2% above its estimated GF Value™ of ¥7.34. GuruFocus considers Ningxia Buliding Materials Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600449:

  • Days Payable: 206.49 (161% above median its 10-year median of 79.13)
  • GF Value™: ¥7.34 vs. price of ¥11.83 (61.2% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 198.6% above the Building Materials median (#113 of 394)

No single metric tells the full story. See the SHSE:600449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningxia Buliding Materials Group Co Business Description

Address 2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021
Ningxia Buliding Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.
64GF Score

Get the complete analysis for SHSE:600449

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

¥11.83
Price
¥7.34
GF Value