Shandong Homey Aquatic Development Co (SHSE:600467) Days Payable: 61.53 (As of Mar. 2026) — 20% Below Median

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SHSE:600467 Shandong Homey Aquatic Development Co Ltd SHSE:600467
59 GF Score
Price ¥2.21
GF Value ¥1.89
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Shandong Homey Aquatic Development Co Days Payable?

Shandong Homey Aquatic Development Co SHSE:600467 +0.91% 59 Days Payable is 61.53 as of Mar. 2026, which is 20% below its 10-year median of 77.33. GuruFocus rates SHSE:600467 with a GF Score™ of 59/100 and a GF Value™ of ¥1.89 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,890 Consumer Packaged Goods companies, Shandong Homey Aquatic Development Co ranks better than 77.57% on this metric.

Shandong Homey Aquatic Development Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥133 Mil. Shandong Homey Aquatic Development Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥197 Mil. Hence, Shandong Homey Aquatic Development Co's Days Payable for the three months ended in Mar. 2026 was 61.53.

The historical rank and industry rank for Shandong Homey Aquatic Development Co's Days Payable or its related term are showing as below:

SHSE:600467' s Days Payable Range Over the Past 10 Years
Min: 62.82   Med: 77.33   Max: 312.55
Current: 82.92

During the past 13 years, Shandong Homey Aquatic Development Co's highest Days Payable was 312.55. The lowest was 62.82. And the median was 77.33.

SHSE:600467's Days Payable is ranked better than
77.57% of 1890 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs SHSE:600467: 82.92

Shandong Homey Aquatic Development Co's Days Payable declined from Mar. 2025 (159.99) to Mar. 2026 (61.53). It may suggest that Shandong Homey Aquatic Development Co accelerated paying its suppliers.


Shandong Homey Aquatic Development Co Days Payable Related Terms


Shandong Homey Aquatic Development Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shandong Homey Aquatic Development 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.

Shandong Homey Aquatic Development Co Days Payable Chart

Shandong Homey Aquatic Development 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 65.27 62.82 69.45 89.10 79.51

Shandong Homey Aquatic Development 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 159.99 47.40 125.93 254.56 61.53

SHSE:600467 vs ADM, BG, TSN: Days Payable Comparison

For the Farm Products subindustry, Shandong Homey Aquatic Development 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.


Shandong Homey Aquatic Development Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Homey Aquatic Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Homey Aquatic Development Co's Days Payable falls into.


SHSE:600467
59GF Score
Shandong Homey Aquatic Development Co Ltd SHSE:600467
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Homey Aquatic Development 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.

Shandong Homey Aquatic Development 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
=( (219.982 + 128.69) / 2 ) / 800.321*365
=174.336 / 800.321*365
=79.51

Shandong Homey Aquatic Development 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
=( (128.69 + 136.81) / 2 ) / 196.872*365 / 4
=132.75 / 196.872*365 / 4
=61.53

* 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 61.53 mean?
Shandong Homey Aquatic Development Co (SHSE:600467) has a Days Payable of 61.53 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 Shandong Homey Aquatic Development Co and its competitors. This is 20% below median its historical median of 77.33. Over the past decade, Shandong Homey Aquatic Development Co's Days Payable has ranged from 62.82 to 312.55. According to the industry distribution chart, Shandong Homey Aquatic Development Co ranks #424 out of 1890 companies in the Consumer Packaged Goods industry, placing it in the top 22.4%.
Is Shandong Homey Aquatic Development Co's Days Payable too high?
Shandong Homey Aquatic Development Co's current Days Payable of 61.53 is 20% below median its 10-year median of 77.33. Over the past 10 years, this metric has ranged from a low of 62.82 to a high of 312.55. The Consumer Packaged Goods industry median Days Payable is 44.15. Shandong Homey Aquatic Development Co's value of 61.53 is 39.4% above this industry median. Based on the distribution chart, Shandong Homey Aquatic Development Co ranks #424 out of 1890 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Homey Aquatic Development Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Homey Aquatic Development Co's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Shandong Homey Aquatic Development Co ranks #424 out of 1890 companies for Days Payable. This places Shandong Homey Aquatic Development Co in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.15. Shandong Homey Aquatic Development Co's value of 61.53 is 39.4% above this benchmark. Historically, Shandong Homey Aquatic Development Co's own Days Payable has ranged from 62.82 to 312.55 over the past decade. While the company's 10-year median is 77.33 vs. the industry median of 44.15, Shandong Homey Aquatic Development 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,890 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. Shandong Homey Aquatic Development Co's current Days Payable of 61.53 is 39.4% 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 Shandong Homey Aquatic Development Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Homey Aquatic Development Co's current Days Payable is 61.53, which is 20% below median its own 10-year median of 77.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Homey Aquatic Development Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Homey Aquatic Development Co (SHSE:600467) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.89, compared to a current price of ¥2.21 — trading 16.9% above its estimated fair value. The current Days Payable is 61.53, which is 20% below median its 10-year median of 77.33 and 39.4% above the Consumer Packaged Goods industry median of 44.15. Shandong Homey Aquatic Development Co's overall GF Score™ is 59/100 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 Shandong Homey Aquatic Development Co (SHSE:600467), the current Days Payable is 61.53 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 Shandong Homey Aquatic Development Co (SHSE:600467) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Homey Aquatic Development Co stock appears to be overvalued. The current stock price of ¥2.21 is trading 16.9% above its estimated GF Value™ of ¥1.89. GuruFocus considers Shandong Homey Aquatic Development Co to be Modestly Overvalued.

Key valuation signals for SHSE:600467:

  • Days Payable: 61.53 (20% below median its 10-year median of 77.33)
  • GF Value™: ¥1.89 vs. price of ¥2.21 (16.9% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 39.4% above the Consumer Packaged Goods median (#424 of 1890)

No single metric tells the full story. See the SHSE:600467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Homey Aquatic Development Co Business Description

Address Shazuizi, Hushan Town, Rongcheng, Shandong, CHN, 264305
Shandong Homey Aquatic Development Co Ltd is engaged in the aquaculture and food processing businesses in China. Its products include sea cucumber, sea bream, abalone, prawn, kelp, clam, loach and other sea treasures, all of which are medium and high-grade seafood. Its other products include frozen food, aquatic products, health tonic series, beverage series products and salted aquatic products. The company distributes its products within the domestic market and to overseas markets.
59GF Score

Get the complete analysis for SHSE:600467

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

¥2.21
Price
¥1.89
GF Value