Shede Spirits CoSHSE:600702 -1.26%79 Days Payable is 179.66 as of Mar. 2026, which is 17% below its 10-year median of 215.65. GuruFocus rates SHSE:600702 with a GF Score™ of 79/100 and a GF Value™ of ¥50.52 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 202 Beverages - Alcoholic companies, Shede Spirits Co ranks better than 86.63% on this metric.
The historical rank and industry rank for Shede Spirits Co's Days Payable or its related term are showing as below:
SHSE:600702'
s Days Payable Range Over the Past 10 Years
Min: 158.31 Med: 215.65 Max: 296.06
Current: 241.54
During the past 13 years, Shede Spirits Co's highest Days Payable was 296.06. The lowest was 158.31. And the median was 215.65.
SHSE:600702's Days Payable is ranked better than 86.63% of 202
companies
in the Beverages - Alcoholic industry
Industry Median: 82.04
vs SHSE:600702: 241.54
Shede Spirits Co's Days Payable
declined
from Mar. 2025 (255.20) to Mar. 2026 (179.66).
It may suggest that Shede Spirits Coaccelerated paying its suppliers.
Shede Spirits Co Days Payable Related Terms
Shede Spirits Co Days Payable Historical Data
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The historical data trend for Shede Spirits 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 - Wineries & Distilleries subindustry, Shede Spirits 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.
Shede Spirits Co Days Payable vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shede Spirits Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shede Spirits 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.
Shede Spirits 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.
Shede Spirits Co (SHSE:600702) has a Days Payable of 179.66 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 Shede Spirits Co and its competitors. This is 17% below median its historical median of 215.65. Over the past decade, Shede Spirits Co's Days Payable has ranged from 158.31 to 296.06. According to the industry distribution chart, Shede Spirits Co ranks #27 out of 202 companies in the Beverages - Alcoholic industry, placing it in the top 13.4%.
Is Shede Spirits Co's Days Payable too high?
Shede Spirits Co's current Days Payable of 179.66 is 17% below median its 10-year median of 215.65. Over the past 10 years, this metric has ranged from a low of 158.31 to a high of 296.06. The Beverages - Alcoholic industry median Days Payable is 82.04. Shede Spirits Co's value of 179.66 is 119% above this industry median. Based on the distribution chart, Shede Spirits Co ranks #27 out of 202 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Shede Spirits Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shede Spirits Co's Days Payable compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Shede Spirits Co ranks #27 out of 202 companies for Days Payable. This places Shede Spirits Co in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 82.04. Shede Spirits Co's value of 179.66 is 119% above this benchmark. Historically, Shede Spirits Co's own Days Payable has ranged from 158.31 to 296.06 over the past decade. While the company's 10-year median is 215.65 vs. the industry median of 82.04, Shede Spirits 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 82.04, based on 202 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. Shede Spirits Co's current Days Payable of 179.66 is 119% 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 Shede Spirits 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. Shede Spirits Co's current Days Payable is 179.66, which is 17% below median its own 10-year median of 215.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shede Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Shede Spirits Co (SHSE:600702) is currently considered Possible Value Trap. The stock's GF Value™ is ¥50.52, compared to a current price of ¥33.65 — trading 33.4% below its estimated fair value. The current Days Payable is 179.66, which is 17% below median its 10-year median of 215.65 and 119% above the Beverages - Alcoholic industry median of 82.04. Shede Spirits Co's overall GF Score™ is 79/100 with 10 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 Shede Spirits Co (SHSE:600702), the current Days Payable is 179.66 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 Shede Spirits Co (SHSE:600702) Overvalued in 2026?
Based on GuruFocus' analysis, Shede Spirits Co stock appears to be undervalued.
The current stock price of ¥33.65 is trading 33.4% below its estimated GF Value™ of ¥50.52.
GuruFocus considers Shede Spirits Co to be Possible Value Trap.
Key valuation signals for SHSE:600702:
Days Payable: 179.66 (17% below median its 10-year median of 215.65)
GF Value™: ¥50.52 vs. price of ¥33.65 (33.4% below fair value)
Industry Position: 119% above the Beverages - Alcoholic median (#27 of 202)
No single metric tells the full story. See the SHSE:600702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.
79GF Score
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