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Hongfa Technology CoSHSE:600885 +3.47%95 Days Payable is 103.71 as of Mar. 2026, which is 18% above its 10-year median of 88.15. GuruFocus rates SHSE:600885 with a GF Score™ of 95/100 and a GF Value™ of ¥30.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,991 Industrial Products companies, Hongfa Technology Co ranks better than 57.31% on this metric.
The historical rank and industry rank for Hongfa Technology Co's Days Payable or its related term are showing as below:
SHSE:600885'
s Days Payable Range Over the Past 10 Years
Min: 80.54 Med: 88.15 Max: 107.48
Current: 92.09
During the past 13 years, Hongfa Technology Co's highest Days Payable was 107.48. The lowest was 80.54. And the median was 88.15.
SHSE:600885's Days Payable is ranked better than 57.31% of 2991
companies
in the Industrial Products industry
Industry Median: 77.97
vs SHSE:600885: 92.09
Hongfa Technology Co's Days Payable
increased
from Mar. 2025 (74.80) to Mar. 2026 (103.71).
It may suggest that Hongfa Technology Codelayed paying its suppliers.
Hongfa Technology Co Days Payable Related Terms
Hongfa Technology Co Days Payable Historical Data
* Premium members only.
The historical data trend for Hongfa Technology 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.
For the Electrical Equipment & Parts subindustry, Hongfa Technology 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.
Hongfa Technology Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hongfa Technology Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Hongfa Technology 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.
Hongfa Technology 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.
Hongfa Technology Co (SHSE:600885) has a Days Payable of 103.71 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 Hongfa Technology Co and its competitors. This is 18% above median its historical median of 88.15. Over the past decade, Hongfa Technology Co's Days Payable has ranged from 80.54 to 107.48. According to the industry distribution chart, Hongfa Technology Co ranks #1277 out of 2991 companies in the Industrial Products industry, placing it in the top 42.7%.
Is Hongfa Technology Co's Days Payable too high?
Hongfa Technology Co's current Days Payable of 103.71 is 18% above median its 10-year median of 88.15. Over the past 10 years, this metric has ranged from a low of 80.54 to a high of 107.48. The Industrial Products industry median Days Payable is 77.97. Hongfa Technology Co's value of 103.71 is 33% above this industry median. Based on the distribution chart, Hongfa Technology Co ranks #1277 out of 2991 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Hongfa Technology Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hongfa Technology Co's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hongfa Technology Co ranks #1277 out of 2991 companies for Days Payable. This puts Hongfa Technology Co in the upper half of its industry. The industry median Days Payable is 77.97. Hongfa Technology Co's value of 103.71 is 33% above this benchmark. Historically, Hongfa Technology Co's own Days Payable has ranged from 80.54 to 107.48 over the past decade. While the company's 10-year median is 88.15 vs. the industry median of 77.97, Hongfa Technology 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.97, based on 2,991 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. Hongfa Technology Co's current Days Payable of 103.71 is 33% 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 Hongfa Technology Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hongfa Technology Co's current Days Payable is 103.71, which is 18% above median its own 10-year median of 88.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hongfa Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hongfa Technology Co (SHSE:600885) is currently considered Fairly Valued. The stock's GF Value™ is ¥30.82, compared to a current price of ¥32.80 — trading 6.4% above its estimated fair value. The current Days Payable is 103.71, which is 18% above median its 10-year median of 88.15 and 33% above the Industrial Products industry median of 77.97. Hongfa Technology Co's overall GF Score™ is 95/100 with 2 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 Hongfa Technology Co (SHSE:600885), the current Days Payable is 103.71 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 Hongfa Technology Co (SHSE:600885) Overvalued in 2026?
Based on GuruFocus' analysis, Hongfa Technology Co stock appears to be overvalued.
The current stock price of ¥32.80 is trading 6.4% above its estimated GF Value™ of ¥30.82.
GuruFocus considers Hongfa Technology Co to be Fairly Valued.
Key valuation signals for SHSE:600885:
Days Payable: 103.71 (18% above median its 10-year median of 88.15)
GF Value™: ¥30.82 vs. price of ¥32.80 (6.4% above fair value)
Industry Position: 33% above the Industrial Products median (#1277 of 2991)
No single metric tells the full story. See the SHSE:600885 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hongfa Technology Co Ltd is engaged in Research, manufacture and selling relays, low voltage electrical appliances, contactors, automation equipment and related electronic components and assemblies, electromechanical products, mechanical equipment.
95GF Score
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