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Shang Gong Group CoSHSE:600843 -2.79%44 Days Payable is 76.74 as of Mar. 2026, which is 50% above its 10-year median of 51.23. GuruFocus rates SHSE:600843 with a GF Score™ of 44/100 and a GF Value™ of ¥9.49 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,994 Industrial Products companies, Shang Gong Group Co ranks worse than 53.84% on this metric.
The historical rank and industry rank for Shang Gong Group Co's Days Payable or its related term are showing as below:
SHSE:600843'
s Days Payable Range Over the Past 10 Years
Min: 30.08 Med: 51.23 Max: 72.4
Current: 71.47
During the past 13 years, Shang Gong Group Co's highest Days Payable was 72.40. The lowest was 30.08. And the median was 51.23.
SHSE:600843's Days Payable is ranked worse than 53.84% of 2994
companies
in the Industrial Products industry
Industry Median: 78.005
vs SHSE:600843: 71.47
Shang Gong Group Co's Days Payable
increased
from Mar. 2025 (65.69) to Mar. 2026 (76.74).
It may suggest that Shang Gong Group Codelayed paying its suppliers.
Shang Gong Group Co Days Payable Related Terms
Shang Gong Group Co Days Payable Historical Data
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The historical data trend for Shang Gong 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.
SHSE:600843 vs GEV, ETN, PH: Days Payable Comparison
For the Specialty Industrial Machinery subindustry, Shang Gong 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.
Shang Gong Group Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shang Gong Group Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shang Gong Group 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.
Shang Gong Group 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.
Shang Gong Group Co (SHSE:600843) has a Days Payable of 76.74 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 Shang Gong Group Co and its competitors. This is 50% above median its historical median of 51.23. Over the past decade, Shang Gong Group Co's Days Payable has ranged from 30.08 to 72.40. According to the industry distribution chart, Shang Gong Group Co ranks #1612 out of 2994 companies in the Industrial Products industry, placing it in the top 53.8%.
Is Shang Gong Group Co's Days Payable too high?
Shang Gong Group Co's current Days Payable of 76.74 is 50% above median its 10-year median of 51.23. Over the past 10 years, this metric has ranged from a low of 30.08 to a high of 72.40. The Industrial Products industry median Days Payable is 78.01. Shang Gong Group Co's value of 76.74 is 1.6% below this industry median. Based on the distribution chart, Shang Gong Group Co ranks #1612 out of 2994 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shang Gong Group Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shang Gong Group Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shang Gong Group Co ranks #1612 out of 2994 companies for Days Payable. This places Shang Gong Group Co in the lower half of its industry. The industry median Days Payable is 78.01. Shang Gong Group Co's value of 76.74 is 1.6% below this benchmark. Historically, Shang Gong Group Co's own Days Payable has ranged from 30.08 to 72.40 over the past decade. While the company's 10-year median is 51.23 vs. the industry median of 78.01, Shang Gong 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.01, based on 2,994 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. Shang Gong Group Co's current Days Payable of 76.74 is 1.6% 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 Shang Gong Group Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shang Gong Group Co's current Days Payable is 76.74, which is 50% above median its own 10-year median of 51.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shang Gong Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shang Gong Group Co (SHSE:600843) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.49, compared to a current price of ¥6.27 — trading 33.9% below its estimated fair value. The current Days Payable is 76.74, which is 50% above median its 10-year median of 51.23 and 1.6% below the Industrial Products industry median of 78.01. Shang Gong Group Co's overall GF Score™ is 44/100 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 Shang Gong Group Co (SHSE:600843), the current Days Payable is 76.74 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 Shang Gong Group Co (SHSE:600843) Overvalued in 2026?
Based on GuruFocus' analysis, Shang Gong Group Co stock appears to be undervalued.
The current stock price of ¥6.27 is trading 33.9% below its estimated GF Value™ of ¥9.49.
GuruFocus considers Shang Gong Group Co to be Possible Value Trap.
Key valuation signals for SHSE:600843:
Days Payable: 76.74 (50% above median its 10-year median of 51.23)
GF Value™: ¥9.49 vs. price of ¥6.27 (33.9% below fair value)
Industry Position: 1.6% below the Industrial Products median (#1612 of 2994)
No single metric tells the full story. See the SHSE:600843 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.
44GF Score
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