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Tsingtao Brewery CoSHSE:600600 -1.91%91 Days Payable is 57.02 as of Mar. 2026, which is 3% below its 10-year median of 58.59. GuruFocus rates SHSE:600600 with a GF Score™ of 91/100 and a GF Value™ of ¥71.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Tsingtao Brewery Co ranks worse than 52% on this metric.
The historical rank and industry rank for Tsingtao Brewery Co's Days Payable or its related term are showing as below:
SHSE:600600'
s Days Payable Range Over the Past 10 Years
Min: 51.89 Med: 58.59 Max: 77.67
Current: 77.67
During the past 13 years, Tsingtao Brewery Co's highest Days Payable was 77.67. The lowest was 51.89. And the median was 58.59.
SHSE:600600's Days Payable is ranked worse than 52% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 82.04
vs SHSE:600600: 77.67
Tsingtao Brewery Co's Days Payable
increased
from Mar. 2025 (55.32) to Mar. 2026 (57.02).
It may suggest that Tsingtao Brewery Codelayed paying its suppliers.
Tsingtao Brewery Co Days Payable Related Terms
Tsingtao Brewery Co Days Payable Historical Data
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The historical data trend for Tsingtao Brewery 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.
For the Beverages - Brewers subindustry, Tsingtao Brewery 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.
Tsingtao Brewery Co Days Payable vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Tsingtao Brewery Co'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.
Tsingtao Brewery Co'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.
Tsingtao Brewery Co (SHSE:600600) has a Days Payable of 57.02 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 Tsingtao Brewery Co and its competitors. This is near median its historical median of 58.59. Over the past decade, Tsingtao Brewery Co's Days Payable has ranged from 51.89 to 77.67. According to the industry distribution chart, Tsingtao Brewery Co ranks #104 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 52%.
Is Tsingtao Brewery Co's Days Payable too high?
Tsingtao Brewery Co's current Days Payable of 57.02 is near median its 10-year median of 58.59. Over the past 10 years, this metric has ranged from a low of 51.89 to a high of 77.67. The Beverages - Alcoholic industry median Days Payable is 82.04. Tsingtao Brewery Co's value of 57.02 is 30.5% below this industry median. Based on the distribution chart, Tsingtao Brewery Co ranks #104 out of 200 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Tsingtao Brewery Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsingtao Brewery Co's Days Payable compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Tsingtao Brewery Co ranks #104 out of 200 companies for Days Payable. This places Tsingtao Brewery Co in the lower half of its industry. The industry median Days Payable is 82.04. Tsingtao Brewery Co's value of 57.02 is 30.5% below this benchmark. Historically, Tsingtao Brewery Co's own Days Payable has ranged from 51.89 to 77.67 over the past decade. While the company's 10-year median is 58.59 vs. the industry median of 82.04, Tsingtao Brewery 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. Tsingtao Brewery Co's current Days Payable of 57.02 is 30.5% 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 Tsingtao Brewery 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. Tsingtao Brewery Co's current Days Payable is 57.02, which is near median its own 10-year median of 58.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsingtao Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Tsingtao Brewery Co (SHSE:600600) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥71.16, compared to a current price of ¥52.82 — trading 25.8% below its estimated fair value. The current Days Payable is 57.02, which is near median its 10-year median of 58.59 and 30.5% below the Beverages - Alcoholic industry median of 82.04. Tsingtao Brewery Co's overall GF Score™ is 91/100 with 2 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 Tsingtao Brewery Co (SHSE:600600), the current Days Payable is 57.02 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 Tsingtao Brewery Co (SHSE:600600) Overvalued in 2026?
Based on GuruFocus' analysis, Tsingtao Brewery Co stock appears to be undervalued.
The current stock price of ¥52.82 is trading 25.8% below its estimated GF Value™ of ¥71.16.
GuruFocus considers Tsingtao Brewery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600600:
Days Payable: 57.02 (near median its 10-year median of 58.59)
GF Value™: ¥71.16 vs. price of ¥52.82 (25.8% below fair value)
Industry Position: 30.5% below the Beverages - Alcoholic median (#104 of 200)
No single metric tells the full story. See the SHSE:600600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its core Tsingtao brand. The company commands a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2024. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.
91GF Score
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