Zhongjin GoldSHSE:600489 +1.95%88 Days Payable is 17.27 as of Mar. 2026, which is 26% below its 10-year median of 23.44. GuruFocus rates SHSE:600489 with a GF Score™ of 88/100 and a GF Value™ of ¥21.24 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,067 Metals & Mining companies, Zhongjin Gold ranks worse than 94% on this metric.
The historical rank and industry rank for Zhongjin Gold's Days Payable or its related term are showing as below:
SHSE:600489'
s Days Payable Range Over the Past 10 Years
Min: 16.35 Med: 23.44 Max: 40.6
Current: 16.35
During the past 13 years, Zhongjin Gold's highest Days Payable was 40.60. The lowest was 16.35. And the median was 23.44.
SHSE:600489's Days Payable is ranked worse than 94% of 1067
companies
in the Metals & Mining industry
Industry Median: 127.26
vs SHSE:600489: 16.35
Zhongjin Gold's Days Payable
declined
from Mar. 2025 (22.23) to Mar. 2026 (17.27).
It may suggest that Zhongjin Goldaccelerated paying its suppliers.
Zhongjin Gold Days Payable Related Terms
Zhongjin Gold Days Payable Historical Data
* Premium members only.
The historical data trend for Zhongjin Gold'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.
SHSE:600489 vs NEM, AU, RGLD: Days Payable Comparison
For the Gold subindustry, Zhongjin Gold'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.
Zhongjin Gold Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhongjin Gold's Days Payable distribution charts can be found below:
* The bar in red indicates where Zhongjin Gold's Days Payable falls into.
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.
Zhongjin Gold'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.
Zhongjin Gold (SHSE:600489) has a Days Payable of 17.27 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 Zhongjin Gold and its competitors. This is 26% below median its historical median of 23.44. Over the past decade, Zhongjin Gold's Days Payable has ranged from 16.35 to 40.60. According to the industry distribution chart, Zhongjin Gold ranks #1003 out of 1067 companies in the Metals & Mining industry, placing it in the top 94%.
Is Zhongjin Gold's Days Payable too high?
Zhongjin Gold's current Days Payable of 17.27 is 26% below median its 10-year median of 23.44. Over the past 10 years, this metric has ranged from a low of 16.35 to a high of 40.60. The Metals & Mining industry median Days Payable is 127.26. Zhongjin Gold's value of 17.27 is 86.4% below this industry median. Based on the distribution chart, Zhongjin Gold ranks #1003 out of 1067 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Zhongjin Gold has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zhongjin Gold ranks #1003 out of 1067 companies for Days Payable. This places Zhongjin Gold in the lower half of its industry. The industry median Days Payable is 127.26. Zhongjin Gold's value of 17.27 is 86.4% below this benchmark. Historically, Zhongjin Gold's own Days Payable has ranged from 16.35 to 40.60 over the past decade. While the company's 10-year median is 23.44 vs. the industry median of 127.26, Zhongjin Gold 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,067 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. Zhongjin Gold's current Days Payable of 17.27 is 86.4% 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 Zhongjin Gold and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongjin Gold's current Days Payable is 17.27, which is 26% below median its own 10-year median of 23.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.24, compared to a current price of ¥20.34 — trading 4.2% below its estimated fair value. The current Days Payable is 17.27, which is 26% below median its 10-year median of 23.44 and 86.4% below the Metals & Mining industry median of 127.26. Zhongjin Gold's overall GF Score™ is 88/100 with 1 warning sign 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 Zhongjin Gold (SHSE:600489), the current Days Payable is 17.27 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 Zhongjin Gold (SHSE:600489) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongjin Gold stock appears to be undervalued.
The current stock price of ¥20.34 is trading 4.2% below its estimated GF Value™ of ¥21.24.
GuruFocus considers Zhongjin Gold to be Fairly Valued.
Key valuation signals for SHSE:600489:
Days Payable: 17.27 (26% below median its 10-year median of 23.44)
GF Value™: ¥21.24 vs. price of ¥20.34 (4.2% below fair value)
Industry Position: 86.4% below the Metals & Mining median (#1003 of 1067)
No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
88GF Score
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