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Shanghai SMI Holding CoSHSE:600649 +1.10%56 Days Payable is 934.85 as of Mar. 2026, which is 319% above its 10-year median of 223.22. GuruFocus rates SHSE:600649 with a GF Score™ of 56/100 and a GF Value™ of ¥7.28 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,568 Real Estate companies, Shanghai SMI Holding Co ranks better than 67.92% on this metric.
* 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.
Shanghai SMI Holding Co Days Payable Competitor Comparison
For the Real Estate - Development subindustry, Shanghai SMI Holding 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.
Shanghai SMI Holding Co Days Payable vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Shanghai SMI Holding Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shanghai SMI Holding 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.
Shanghai SMI Holding 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.
Shanghai SMI Holding Co (SHSE:600649) has a Days Payable of 934.85 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 Shanghai SMI Holding Co and its competitors. This is 319% above median its historical median of 223.22. Over the past decade, Shanghai SMI Holding Co's Days Payable has ranged from 129.36 to 1,219.82. According to the industry distribution chart, Shanghai SMI Holding Co ranks #503 out of 1568 companies in the Real Estate industry, placing it in the top 32.1%.
Is Shanghai SMI Holding Co's Days Payable too high?
Shanghai SMI Holding Co's current Days Payable of 934.85 is 319% above median its 10-year median of 223.22. Over the past 10 years, this metric has ranged from a low of 129.36 to a high of 1,219.82. The Real Estate industry median Days Payable is 94.38. Shanghai SMI Holding Co's value of 934.85 is 890.5% above this industry median. Based on the distribution chart, Shanghai SMI Holding Co ranks #503 out of 1568 companies in the Real Estate industry, which is above the industry midpoint. Overall, Shanghai SMI Holding Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai SMI Holding Co's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, Shanghai SMI Holding Co ranks #503 out of 1568 companies for Days Payable. This puts Shanghai SMI Holding Co in the upper half of its industry. The industry median Days Payable is 94.38. Shanghai SMI Holding Co's value of 934.85 is 890.5% above this benchmark. Historically, Shanghai SMI Holding Co's own Days Payable has ranged from 129.36 to 1,219.82 over the past decade. While the company's 10-year median is 223.22 vs. the industry median of 94.38, Shanghai SMI Holding 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,568 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. Shanghai SMI Holding Co's current Days Payable of 934.85 is 890.5% 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 Shanghai SMI Holding Co and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai SMI Holding Co's current Days Payable is 934.85, which is 319% above median its own 10-year median of 223.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai SMI Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai SMI Holding Co (SHSE:600649) is currently considered Possible Value Trap. The stock's GF Value™ is ¥7.28, compared to a current price of ¥3.69 — trading 49.3% below its estimated fair value. The current Days Payable is 934.85, which is 319% above median its 10-year median of 223.22 and 890.5% above the Real Estate industry median of 94.38. Shanghai SMI Holding Co's overall GF Score™ is 56/100 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 Shanghai SMI Holding Co (SHSE:600649), the current Days Payable is 934.85 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 Shanghai SMI Holding Co (SHSE:600649) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai SMI Holding Co stock appears to be undervalued.
The current stock price of ¥3.69 is trading 49.3% below its estimated GF Value™ of ¥7.28.
GuruFocus considers Shanghai SMI Holding Co to be Possible Value Trap.
Key valuation signals for SHSE:600649:
Days Payable: 934.85 (319% above median its 10-year median of 223.22)
GF Value™: ¥7.28 vs. price of ¥3.69 (49.3% below fair value)
Industry Position: 890.5% above the Real Estate median (#503 of 1568)
No single metric tells the full story. See the SHSE:600649 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai SMI Holding Co Ltd is a real estate company. The company is a provider of comprehensive real estate, environmental and venture capital services with impressive core competence in China. Its real estate business includes the development of land, the construction of housing and commercial housing such as office parks, office building, and others. The company's investment business mainly includes direct equity investment such as invests in the listed companies and private equity investment fund management includes PE and urban development funds.
56GF Score
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