CETC Chips Technology (SHSE:600877) Days Payable: 311.74 (As of Mar. 2026) — 75% Above Median


SHSE:600877 CETC Chips Technology Inc SHSE:600877
62 GF Score
Price ¥15.24
GF Value ¥9.57
Valuation Significantly Overvalued
! 3 Warning Signs
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What is CETC Chips Technology Days Payable?

CETC Chips Technology SHSE:600877 -9.98% 62 Days Payable is 311.74 as of Mar. 2026, which is 75% above its 10-year median of 177.96. GuruFocus rates SHSE:600877 with a GF Score™ of 62/100 and a GF Value™ of ¥9.57 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 998 Semiconductors companies, CETC Chips Technology ranks better than 89.08% on this metric.

CETC Chips Technology's average Accounts Payable for the three months ended in Mar. 2026 was ¥325.4 Mil. CETC Chips Technology's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥95.2 Mil. Hence, CETC Chips Technology's Days Payable for the three months ended in Mar. 2026 was 311.74.

The historical rank and industry rank for CETC Chips Technology's Days Payable or its related term are showing as below:

SHSE:600877' s Days Payable Range Over the Past 10 Years
Min: 85.78   Med: 177.96   Max: 1011.02
Current: 183.98

During the past 13 years, CETC Chips Technology's highest Days Payable was 1011.02. The lowest was 85.78. And the median was 177.96.

SHSE:600877's Days Payable is ranked better than
89.08% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs SHSE:600877: 183.98

CETC Chips Technology's Days Payable increased from Mar. 2025 (204.02) to Mar. 2026 (311.74). It may suggest that CETC Chips Technology delayed paying its suppliers.


CETC Chips Technology Days Payable Historical Data

* Premium members only.

The historical data trend for CETC Chips Technology'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.

CETC Chips Technology Days Payable Chart

CETC Chips Technology 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 128.95 126.95 148.16 201.68 181.37

CETC Chips Technology 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 204.02 165.88 240.75 133.17 311.74

SHSE:600877 vs NVDA, AVGO, MU: Days Payable Comparison

For the Semiconductors subindustry, CETC Chips Technology'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.


CETC Chips Technology Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, CETC Chips Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where CETC Chips Technology's Days Payable falls into.


SHSE:600877
62GF Score
CETC Chips Technology Inc SHSE:600877
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CETC Chips Technology 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.

CETC Chips Technology'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
=( (313.743 + 361.253) / 2 ) / 679.198*365
=337.498 / 679.198*365
=181.37

CETC Chips Technology'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
=( (361.253 + 289.448) / 2 ) / 95.235*365 / 4
=325.3505 / 95.235*365 / 4
=311.74

* 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 311.74 mean?
CETC Chips Technology (SHSE:600877) has a Days Payable of 311.74 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 CETC Chips Technology and its competitors. This is 75% above median its historical median of 177.96. Over the past decade, CETC Chips Technology's Days Payable has ranged from 85.78 to 1,011.02. According to the industry distribution chart, CETC Chips Technology ranks #109 out of 998 companies in the Semiconductors industry, placing it in the top 10.9%.
Is CETC Chips Technology's Days Payable too high?
CETC Chips Technology's current Days Payable of 311.74 is 75% above median its 10-year median of 177.96. Over the past 10 years, this metric has ranged from a low of 85.78 to a high of 1,011.02. The Semiconductors industry median Days Payable is 52.98. CETC Chips Technology's value of 311.74 is 488.4% above this industry median. Based on the distribution chart, CETC Chips Technology ranks #109 out of 998 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, CETC Chips Technology has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CETC Chips Technology's Days Payable compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, CETC Chips Technology ranks #109 out of 998 companies for Days Payable. This places CETC Chips Technology in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.98. CETC Chips Technology's value of 311.74 is 488.4% above this benchmark. Historically, CETC Chips Technology's own Days Payable has ranged from 85.78 to 1,011.02 over the past decade. While the company's 10-year median is 177.96 vs. the industry median of 52.98, CETC Chips Technology 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. CETC Chips Technology's current Days Payable of 311.74 is 488.4% 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 CETC Chips Technology and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CETC Chips Technology's current Days Payable is 311.74, which is 75% above median its own 10-year median of 177.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CETC Chips Technology stock overvalued right now?
Based on GuruFocus' analysis, CETC Chips Technology (SHSE:600877) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥9.57, compared to a current price of ¥15.24 — trading 59.2% above its estimated fair value. The current Days Payable is 311.74, which is 75% above median its 10-year median of 177.96 and 488.4% above the Semiconductors industry median of 52.98. CETC Chips Technology's overall GF Score™ is 62/100 with 3 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 CETC Chips Technology (SHSE:600877), the current Days Payable is 311.74 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 CETC Chips Technology (SHSE:600877) Overvalued in 2026?

Based on GuruFocus' analysis, CETC Chips Technology stock appears to be overvalued. The current stock price of ¥15.24 is trading 59.2% above its estimated GF Value™ of ¥9.57. GuruFocus considers CETC Chips Technology to be Significantly Overvalued.

Key valuation signals for SHSE:600877:

  • Days Payable: 311.74 (75% above median its 10-year median of 177.96)
  • GF Value™: ¥9.57 vs. price of ¥15.24 (59.2% above fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 488.4% above the Semiconductors median (#109 of 998)

No single metric tells the full story. See the SHSE:600877 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CETC Chips Technology Business Description

Address No. 111, Yongjia Avenue, Biquan Street, Bishan District, Chongqing, CHN, 401331
CETC Chips Technology Inc is engaged in the design, research and development, manufacture, testing and sales of silicon-based analog semiconductor chips and their application products.
62GF Score

Get the complete analysis for SHSE:600877

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

¥15.24
Price
¥9.57
GF Value