Fortune Ng Fung Food (hebei) Co (SHSE:600965) Days Payable: 57.38 (As of Mar. 2026) — 32% Below 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:600965 Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
48 GF Score
Price ¥2.48
GF Value ¥5.78
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Fortune Ng Fung Food (hebei) Co Days Payable?

Fortune Ng Fung Food (hebei) Co SHSE:600965 +3.33% 48 Days Payable is 57.38 as of Mar. 2026, which is 32% below its 10-year median of 83.84. GuruFocus rates SHSE:600965 with a GF Score™ of 48/100 and a GF Value™ of ¥5.78 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,891 Consumer Packaged Goods companies, Fortune Ng Fung Food (hebei) Co ranks worse than 57.64% on this metric.

Fortune Ng Fung Food (hebei) Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥126 Mil. Fortune Ng Fung Food (hebei) Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥201 Mil. Hence, Fortune Ng Fung Food (hebei) Co's Days Payable for the three months ended in Mar. 2026 was 57.38.

The historical rank and industry rank for Fortune Ng Fung Food (hebei) Co's Days Payable or its related term are showing as below:

SHSE:600965' s Days Payable Range Over the Past 10 Years
Min: 33.27   Med: 83.84   Max: 164.2
Current: 38.23

During the past 13 years, Fortune Ng Fung Food (hebei) Co's highest Days Payable was 164.20. The lowest was 33.27. And the median was 83.84.

SHSE:600965's Days Payable is ranked worse than
57.64% of 1891 companies
in the Consumer Packaged Goods industry
Industry Median: 44.15 vs SHSE:600965: 38.23

Fortune Ng Fung Food (hebei) Co's Days Payable increased from Mar. 2025 (31.46) to Mar. 2026 (57.38). It may suggest that Fortune Ng Fung Food (hebei) Co delayed paying its suppliers.


Fortune Ng Fung Food (hebei) Co Days Payable Related Terms


Fortune Ng Fung Food (hebei) Co Days Payable Historical Data

* Premium members only.

The historical data trend for Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) Co Days Payable Chart

Fortune Ng Fung Food (hebei) 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 67.04 46.06 41.14 34.25 33.27

Fortune Ng Fung Food (hebei) 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 31.46 31.35 38.13 26.63 57.38

SHSE:600965 vs ADM, BG, TSN: Days Payable Comparison

For the Farm Products subindustry, Fortune Ng Fung Food (hebei) 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.


Fortune Ng Fung Food (hebei) Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's Days Payable falls into.


SHSE:600965
48GF Score
Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) 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
=( (68.889 + 96.378) / 2 ) / 906.557*365
=82.6335 / 906.557*365
=33.27

Fortune Ng Fung Food (hebei) 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
=( (96.378 + 155.809) / 2 ) / 200.535*365 / 4
=126.0935 / 200.535*365 / 4
=57.38

* 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 57.38 mean?
Fortune Ng Fung Food (hebei) Co (SHSE:600965) has a Days Payable of 57.38 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 Fortune Ng Fung Food (hebei) Co and its competitors. This is 32% below median its historical median of 83.84. Over the past decade, Fortune Ng Fung Food (hebei) Co's Days Payable has ranged from 33.27 to 164.20. According to the industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1090 out of 1891 companies in the Consumer Packaged Goods industry, placing it in the top 57.6%.
Is Fortune Ng Fung Food (hebei) Co's Days Payable too high?
Fortune Ng Fung Food (hebei) Co's current Days Payable of 57.38 is 32% below median its 10-year median of 83.84. Over the past 10 years, this metric has ranged from a low of 33.27 to a high of 164.20. The Consumer Packaged Goods industry median Days Payable is 44.15. Fortune Ng Fung Food (hebei) Co's value of 57.38 is 30% above this industry median. Based on the distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1090 out of 1891 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Fortune Ng Fung Food (hebei) Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fortune Ng Fung Food (hebei) Co's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1090 out of 1891 companies for Days Payable. This places Fortune Ng Fung Food (hebei) Co in the lower half of its industry. The industry median Days Payable is 44.15. Fortune Ng Fung Food (hebei) Co's value of 57.38 is 30% above this benchmark. Historically, Fortune Ng Fung Food (hebei) Co's own Days Payable has ranged from 33.27 to 164.20 over the past decade. While the company's 10-year median is 83.84 vs. the industry median of 44.15, Fortune Ng Fung Food (hebei) 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,891 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. Fortune Ng Fung Food (hebei) Co's current Days Payable of 57.38 is 30% 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 Fortune Ng Fung Food (hebei) Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Ng Fung Food (hebei) Co's current Days Payable is 57.38, which is 32% below median its own 10-year median of 83.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Ng Fung Food (hebei) Co stock overvalued right now?
Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co (SHSE:600965) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.78, compared to a current price of ¥2.48 — trading 57.1% below its estimated fair value. The current Days Payable is 57.38, which is 32% below median its 10-year median of 83.84 and 30% above the Consumer Packaged Goods industry median of 44.15. Fortune Ng Fung Food (hebei) Co's overall GF Score™ is 48/100 with 4 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965), the current Days Payable is 57.38 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co stock appears to be undervalued. The current stock price of ¥2.48 is trading 57.1% below its estimated GF Value™ of ¥5.78. GuruFocus considers Fortune Ng Fung Food (hebei) Co to be Possible Value Trap.

Key valuation signals for SHSE:600965:

  • Days Payable: 57.38 (32% below median its 10-year median of 83.84)
  • GF Value™: ¥5.78 vs. price of ¥2.48 (57.1% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 30% above the Consumer Packaged Goods median (#1090 of 1891)

No single metric tells the full story. See the SHSE:600965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fortune Ng Fung Food (hebei) Co Business Description

Address Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
48GF Score

Get the complete analysis for SHSE:600965

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

¥2.48
Price
¥5.78
GF Value