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Shenma Industry CoSHSE:600810 +2.89%53 Days Payable is 97.49 as of Mar. 2026, which is 21% above its 10-year median of 80.89. GuruFocus rates SHSE:600810 with a GF Score™ of 53/100 and a GF Value™ of ¥9.31 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,554 Chemicals companies, Shenma Industry Co ranks better than 68.08% on this metric.
The historical rank and industry rank for Shenma Industry Co's Days Payable or its related term are showing as below:
SHSE:600810'
s Days Payable Range Over the Past 10 Years
Min: 59.85 Med: 80.89 Max: 204.09
Current: 81.87
During the past 13 years, Shenma Industry Co's highest Days Payable was 204.09. The lowest was 59.85. And the median was 80.89.
SHSE:600810's Days Payable is ranked better than 68.08% of 1554
companies
in the Chemicals industry
Industry Median: 59.565
vs SHSE:600810: 81.87
Shenma Industry Co's Days Payable
increased
from Mar. 2025 (58.22) to Mar. 2026 (97.49).
It may suggest that Shenma Industry Codelayed paying its suppliers.
Shenma Industry Co Days Payable Related Terms
Shenma Industry Co Days Payable Historical Data
* Premium members only.
The historical data trend for Shenma Industry 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.
SHSE:600810 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Shenma Industry 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.
Shenma Industry Co Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shenma Industry Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shenma Industry 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.
Shenma Industry 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.
Shenma Industry Co (SHSE:600810) has a Days Payable of 97.49 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 Shenma Industry Co and its competitors. This is 21% above median its historical median of 80.89. Over the past decade, Shenma Industry Co's Days Payable has ranged from 59.85 to 204.09. According to the industry distribution chart, Shenma Industry Co ranks #496 out of 1554 companies in the Chemicals industry, placing it in the top 31.9%.
Is Shenma Industry Co's Days Payable too high?
Shenma Industry Co's current Days Payable of 97.49 is 21% above median its 10-year median of 80.89. Over the past 10 years, this metric has ranged from a low of 59.85 to a high of 204.09. The Chemicals industry median Days Payable is 59.57. Shenma Industry Co's value of 97.49 is 63.7% above this industry median. Based on the distribution chart, Shenma Industry Co ranks #496 out of 1554 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shenma Industry Co has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shenma Industry Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shenma Industry Co ranks #496 out of 1554 companies for Days Payable. This puts Shenma Industry Co in the upper half of its industry. The industry median Days Payable is 59.57. Shenma Industry Co's value of 97.49 is 63.7% above this benchmark. Historically, Shenma Industry Co's own Days Payable has ranged from 59.85 to 204.09 over the past decade. While the company's 10-year median is 80.89 vs. the industry median of 59.57, Shenma Industry 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.57, based on 1,554 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. Shenma Industry Co's current Days Payable of 97.49 is 63.7% 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 Shenma Industry Co and its competitors. For the Chemicals industry, the median Days Payable is 59.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenma Industry Co's current Days Payable is 97.49, which is 21% above median its own 10-year median of 80.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenma Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shenma Industry Co (SHSE:600810) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.31, compared to a current price of ¥6.40 — trading 31.3% below its estimated fair value. The current Days Payable is 97.49, which is 21% above median its 10-year median of 80.89 and 63.7% above the Chemicals industry median of 59.57. Shenma Industry Co's overall GF Score™ is 53/100 with 7 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 Shenma Industry Co (SHSE:600810), the current Days Payable is 97.49 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 Shenma Industry Co (SHSE:600810) Overvalued in 2026?
Based on GuruFocus' analysis, Shenma Industry Co stock appears to be undervalued.
The current stock price of ¥6.40 is trading 31.3% below its estimated GF Value™ of ¥9.31.
GuruFocus considers Shenma Industry Co to be Possible Value Trap.
Key valuation signals for SHSE:600810:
Days Payable: 97.49 (21% above median its 10-year median of 80.89)
GF Value™: ¥9.31 vs. price of ¥6.40 (31.3% below fair value)
Industry Position: 63.7% above the Chemicals median (#496 of 1554)
No single metric tells the full story. See the SHSE:600810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenma Industry Co Ltd is engaged in production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.
53GF Score
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