Fujian Haiqin Energy Group Co (SHSE:600753) Days Payable: 13.49 (As of Mar. 2026) — 10% Above Median


SHSE:600753 Fujian Haiqin Energy Group Co Ltd SHSE:600753
45 GF Score
Price ¥11.41
GF Value ¥19.30
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fujian Haiqin Energy Group Co Days Payable?

Fujian Haiqin Energy Group Co SHSE:600753 -1.55% 45 Days Payable is 13.49 as of Mar. 2026, which is 10% above its 10-year median of 12.29. GuruFocus rates SHSE:600753 with a GF Score™ of 45/100 and a GF Value™ of ¥19.30 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 597 Steel companies, Fujian Haiqin Energy Group Co ranks worse than 75.38% on this metric.

Fujian Haiqin Energy Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥73 Mil. Fujian Haiqin Energy Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥495 Mil. Hence, Fujian Haiqin Energy Group Co's Days Payable for the three months ended in Mar. 2026 was 13.49.

The historical rank and industry rank for Fujian Haiqin Energy Group Co's Days Payable or its related term are showing as below:

SHSE:600753' s Days Payable Range Over the Past 10 Years
Min: 3.74   Med: 12.29   Max: 348.17
Current: 21.42

During the past 13 years, Fujian Haiqin Energy Group Co's highest Days Payable was 348.17. The lowest was 3.74. And the median was 12.29.

SHSE:600753's Days Payable is ranked worse than
75.38% of 597 companies
in the Steel industry
Industry Median: 41.39 vs SHSE:600753: 21.42

Fujian Haiqin Energy Group Co's Days Payable declined from Mar. 2025 (31.98) to Mar. 2026 (13.49). It may suggest that Fujian Haiqin Energy Group Co accelerated paying its suppliers.


Fujian Haiqin Energy Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Fujian Haiqin Energy Group 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.

Fujian Haiqin Energy Group Co Days Payable Chart

Fujian Haiqin Energy Group 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 8.24 4.82 23.19 46.24 16.34

Fujian Haiqin Energy Group 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 31.98 143.11 47.18 9.74 13.49

SHSE:600753 vs HCC, AMR, METC: Days Payable Comparison

For the Coking Coal subindustry, Fujian Haiqin Energy Group 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.


Fujian Haiqin Energy Group Co Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Fujian Haiqin Energy Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Haiqin Energy Group Co's Days Payable falls into.


SHSE:600753
45GF Score
Fujian Haiqin Energy Group Co Ltd SHSE:600753
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Haiqin Energy Group 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.

Fujian Haiqin Energy Group 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
=( (70.616 + 78.044) / 2 ) / 1660.803*365
=74.33 / 1660.803*365
=16.34

Fujian Haiqin Energy Group 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
=( (78.044 + 68.355) / 2 ) / 495.055*365 / 4
=73.1995 / 495.055*365 / 4
=13.49

* 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 13.49 mean?
Fujian Haiqin Energy Group Co (SHSE:600753) has a Days Payable of 13.49 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 Fujian Haiqin Energy Group Co and its competitors. This is 10% above median its historical median of 12.29. Over the past decade, Fujian Haiqin Energy Group Co's Days Payable has ranged from 3.74 to 348.17. According to the industry distribution chart, Fujian Haiqin Energy Group Co ranks #450 out of 597 companies in the Steel industry, placing it in the top 75.4%.
Is Fujian Haiqin Energy Group Co's Days Payable too high?
Fujian Haiqin Energy Group Co's current Days Payable of 13.49 is 10% above median its 10-year median of 12.29. Over the past 10 years, this metric has ranged from a low of 3.74 to a high of 348.17. The Steel industry median Days Payable is 41.39. Fujian Haiqin Energy Group Co's value of 13.49 is 67.4% below this industry median. Based on the distribution chart, Fujian Haiqin Energy Group Co ranks #450 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Fujian Haiqin Energy Group Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fujian Haiqin Energy Group Co's Days Payable compare to HCC and AMR?
According to the Steel industry distribution chart, Fujian Haiqin Energy Group Co ranks #450 out of 597 companies for Days Payable. This places Fujian Haiqin Energy Group Co in the lower half of its industry. The industry median Days Payable is 41.39. Fujian Haiqin Energy Group Co's value of 13.49 is 67.4% below this benchmark. Historically, Fujian Haiqin Energy Group Co's own Days Payable has ranged from 3.74 to 348.17 over the past decade. While the company's 10-year median is 12.29 vs. the industry median of 41.39, Fujian Haiqin Energy Group 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Fujian Haiqin Energy Group Co's current Days Payable of 13.49 is 67.4% 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 Fujian Haiqin Energy Group Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Haiqin Energy Group Co's current Days Payable is 13.49, which is 10% above median its own 10-year median of 12.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Haiqin Energy Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Haiqin Energy Group Co (SHSE:600753) is currently considered Possible Value Trap. The stock's GF Value™ is ¥19.30, compared to a current price of ¥11.41 — trading 40.9% below its estimated fair value. The current Days Payable is 13.49, which is 10% above median its 10-year median of 12.29 and 67.4% below the Steel industry median of 41.39. Fujian Haiqin Energy Group Co's overall GF Score™ is 45/100 with 4 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 Fujian Haiqin Energy Group Co (SHSE:600753), the current Days Payable is 13.49 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 Fujian Haiqin Energy Group Co (SHSE:600753) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Haiqin Energy Group Co stock appears to be undervalued. The current stock price of ¥11.41 is trading 40.9% below its estimated GF Value™ of ¥19.30. GuruFocus considers Fujian Haiqin Energy Group Co to be Possible Value Trap.

Key valuation signals for SHSE:600753:

  • Days Payable: 13.49 (10% above median its 10-year median of 12.29)
  • GF Value™: ¥19.30 vs. price of ¥11.41 (40.9% below fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 67.4% below the Steel median (#450 of 597)

No single metric tells the full story. See the SHSE:600753 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Haiqin Energy Group Co Business Description

Address No. 2, Hujiang Road, Room 306, R&D Building, No. 1, Southeast Big Data Industrial Park, Wenwusha Town, Changle District, Fujian Province, Fuzhou, CHN, 201102
Fujian Haiqin Energy Group Co Ltd is engaged in the business of the supply chain management business of bulk commodities such as coal (including coke), and promoted strategic transformation relevant work has been gradually implemented, including the investment and construction of new energy vehicle charging infrastructure, the development of charging smart platforms and charging operation services business preparations and others.
45GF Score

Get the complete analysis for SHSE:600753

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

¥11.41
Price
¥19.30
GF Value