MeiHua Holdings Group Co (SHSE:600873) Days Payable: 57.41 (As of Mar. 2026) — 39% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600873 MeiHua Holdings Group Co Ltd SHSE:600873
81 GF Score
Price ¥8.82
GF Value ¥10.23
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is MeiHua Holdings Group Co Days Payable?

MeiHua Holdings Group Co SHSE:600873 +0.46% 81 Days Payable is 57.41 as of Mar. 2026, which is 39% above its 10-year median of 41.30. GuruFocus rates SHSE:600873 with a GF Score™ of 81/100 and a GF Value™ of ¥10.23 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,554 Chemicals companies, MeiHua Holdings Group Co ranks worse than 52.12% on this metric.

MeiHua Holdings Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥3,407 Mil. MeiHua Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥5,415 Mil. Hence, MeiHua Holdings Group Co's Days Payable for the three months ended in Mar. 2026 was 57.41.

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

SHSE:600873' s Days Payable Range Over the Past 10 Years
Min: 26.14   Med: 41.3   Max: 59.28
Current: 57.34

During the past 13 years, MeiHua Holdings Group Co's highest Days Payable was 59.28. The lowest was 26.14. And the median was 41.30.

SHSE:600873's Days Payable is ranked worse than
52.12% of 1554 companies
in the Chemicals industry
Industry Median: 59.565 vs SHSE:600873: 57.34

MeiHua Holdings Group Co's Days Payable increased from Mar. 2025 (54.08) to Mar. 2026 (57.41). It may suggest that MeiHua Holdings Group Co delayed paying its suppliers.


MeiHua Holdings Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for MeiHua Holdings 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.

MeiHua Holdings Group Co Days Payable Chart

MeiHua Holdings 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 33.03 40.10 44.63 49.79 59.28

MeiHua Holdings 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 54.08 55.69 59.34 59.73 57.41

SHSE:600873 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, MeiHua Holdings 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.


MeiHua Holdings Group Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, MeiHua Holdings Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where MeiHua Holdings Group Co's Days Payable falls into.


SHSE:600873
81GF Score
MeiHua Holdings Group Co Ltd SHSE:600873
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MeiHua Holdings 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.

MeiHua Holdings 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
=( (2857.751 + 3512.238) / 2 ) / 19609.399*365
=3184.9945 / 19609.399*365
=59.28

MeiHua Holdings 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
=( (3512.238 + 3301.24) / 2 ) / 5415.278*365 / 4
=3406.739 / 5415.278*365 / 4
=57.41

* 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 57.41 mean?
MeiHua Holdings Group Co (SHSE:600873) has a Days Payable of 57.41 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 MeiHua Holdings Group Co and its competitors. This is 39% above median its historical median of 41.30. Over the past decade, MeiHua Holdings Group Co's Days Payable has ranged from 26.14 to 59.28. According to the industry distribution chart, MeiHua Holdings Group Co ranks #810 out of 1554 companies in the Chemicals industry, placing it in the top 52.1%.
Is MeiHua Holdings Group Co's Days Payable too high?
MeiHua Holdings Group Co's current Days Payable of 57.41 is 39% above median its 10-year median of 41.30. Over the past 10 years, this metric has ranged from a low of 26.14 to a high of 59.28. The Chemicals industry median Days Payable is 59.57. MeiHua Holdings Group Co's value of 57.41 is 3.6% below this industry median. Based on the distribution chart, MeiHua Holdings Group Co ranks #810 out of 1554 companies in the Chemicals industry, which is below the industry midpoint. Overall, MeiHua Holdings Group Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MeiHua Holdings Group Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, MeiHua Holdings Group Co ranks #810 out of 1554 companies for Days Payable. This places MeiHua Holdings Group Co in the lower half of its industry. The industry median Days Payable is 59.57. MeiHua Holdings Group Co's value of 57.41 is 3.6% below this benchmark. Historically, MeiHua Holdings Group Co's own Days Payable has ranged from 26.14 to 59.28 over the past decade. While the company's 10-year median is 41.30 vs. the industry median of 59.57, MeiHua Holdings 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 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. MeiHua Holdings Group Co's current Days Payable of 57.41 is 3.6% 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 MeiHua Holdings Group 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. MeiHua Holdings Group Co's current Days Payable is 57.41, which is 39% above median its own 10-year median of 41.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MeiHua Holdings Group Co stock overvalued right now?
Based on GuruFocus' analysis, MeiHua Holdings Group Co (SHSE:600873) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.23, compared to a current price of ¥8.82 — trading 13.8% below its estimated fair value. The current Days Payable is 57.41, which is 39% above median its 10-year median of 41.30 and 3.6% below the Chemicals industry median of 59.57. MeiHua Holdings Group Co's overall GF Score™ is 81/100 with 1 warning sign 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 MeiHua Holdings Group Co (SHSE:600873), the current Days Payable is 57.41 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 MeiHua Holdings Group Co (SHSE:600873) Overvalued in 2026?

Based on GuruFocus' analysis, MeiHua Holdings Group Co stock appears to be undervalued. The current stock price of ¥8.82 is trading 13.8% below its estimated GF Value™ of ¥10.23. GuruFocus considers MeiHua Holdings Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600873:

  • Days Payable: 57.41 (39% above median its 10-year median of 41.30)
  • GF Value™: ¥10.23 vs. price of ¥8.82 (13.8% below fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 3.6% below the Chemicals median (#810 of 1554)

No single metric tells the full story. See the SHSE:600873 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MeiHua Holdings Group Co Business Description

Address No. 66, Huaxiang Road, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001
MeiHua Holdings Group Co Ltd is a China-based supplier of amino acid nutrition and health solution. Its products include Food additives, condiment, colloid, Amino acids, capsule, fertilizer, bulk by-products (such as corn germ and protein powder) and among others. The company mainly operates its businesses in the domestic and overseas markets.
81GF Score

Get the complete analysis for SHSE:600873

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

¥8.82
Price
¥10.23
GF Value