Inner Mongolia First Machinery Group Co (SHSE:600967) Days Payable: 260.68 (As of Mar. 2026) — 27% Above Median

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SHSE:600967 Inner Mongolia First Machinery Group Co Ltd SHSE:600967
48 GF Score
Price ¥11.56
GF Value ¥8.74
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Inner Mongolia First Machinery Group Co Days Payable?

Inner Mongolia First Machinery Group Co SHSE:600967 +3.77% 48 Days Payable is 260.68 as of Mar. 2026, which is 27% above its 10-year median of 204.84. GuruFocus rates SHSE:600967 with a GF Score™ of 48/100 and a GF Value™ of ¥8.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 341 Aerospace & Defense companies, Inner Mongolia First Machinery Group Co ranks better than 85.92% on this metric.

Inner Mongolia First Machinery Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥6,666 Mil. Inner Mongolia First Machinery Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥2,333 Mil. Hence, Inner Mongolia First Machinery Group Co's Days Payable for the three months ended in Mar. 2026 was 260.68.

The historical rank and industry rank for Inner Mongolia First Machinery Group Co's Days Payable or its related term are showing as below:

SHSE:600967' s Days Payable Range Over the Past 10 Years
Min: 178.49   Med: 204.84   Max: 296.81
Current: 296.81

During the past 13 years, Inner Mongolia First Machinery Group Co's highest Days Payable was 296.81. The lowest was 178.49. And the median was 204.84.

SHSE:600967's Days Payable is ranked better than
85.92% of 341 companies
in the Aerospace & Defense industry
Industry Median: 64.65 vs SHSE:600967: 296.81

Inner Mongolia First Machinery Group Co's Days Payable increased from Mar. 2025 (240.94) to Mar. 2026 (260.68). It may suggest that Inner Mongolia First Machinery Group Co delayed paying its suppliers.


Inner Mongolia First Machinery Group Co Days Payable Related Terms


Inner Mongolia First Machinery Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Inner Mongolia First Machinery 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.

Inner Mongolia First Machinery Group Co Days Payable Chart

Inner Mongolia First Machinery 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 226.28 200.04 242.07 243.00 277.73

Inner Mongolia First Machinery 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 240.94 230.34 381.05 395.35 260.68

SHSE:600967 vs SPCX, GE, RTX: Days Payable Comparison

For the Aerospace & Defense subindustry, Inner Mongolia First Machinery 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.


Inner Mongolia First Machinery Group Co Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Inner Mongolia First Machinery Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia First Machinery Group Co's Days Payable falls into.


SHSE:600967
48GF Score
Inner Mongolia First Machinery Group Co Ltd SHSE:600967
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner Mongolia First Machinery 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.

Inner Mongolia First Machinery 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
=( (6141.13 + 7256.223) / 2 ) / 8803.577*365
=6698.6765 / 8803.577*365
=277.73

Inner Mongolia First Machinery 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
=( (7256.223 + 6076.111) / 2 ) / 2333.443*365 / 4
=6666.167 / 2333.443*365 / 4
=260.68

* 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 260.68 mean?
Inner Mongolia First Machinery Group Co (SHSE:600967) has a Days Payable of 260.68 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 Inner Mongolia First Machinery Group Co and its competitors. This is 27% above median its historical median of 204.84. Over the past decade, Inner Mongolia First Machinery Group Co's Days Payable has ranged from 178.49 to 296.81. According to the industry distribution chart, Inner Mongolia First Machinery Group Co ranks #48 out of 341 companies in the Aerospace & Defense industry, placing it in the top 14.1%.
Is Inner Mongolia First Machinery Group Co's Days Payable too high?
Inner Mongolia First Machinery Group Co's current Days Payable of 260.68 is 27% above median its 10-year median of 204.84. Over the past 10 years, this metric has ranged from a low of 178.49 to a high of 296.81. The Aerospace & Defense industry median Days Payable is 64.65. Inner Mongolia First Machinery Group Co's value of 260.68 is 303.2% above this industry median. Based on the distribution chart, Inner Mongolia First Machinery Group Co ranks #48 out of 341 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Inner Mongolia First Machinery Group Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia First Machinery Group Co's Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Inner Mongolia First Machinery Group Co ranks #48 out of 341 companies for Days Payable. This places Inner Mongolia First Machinery Group Co in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 64.65. Inner Mongolia First Machinery Group Co's value of 260.68 is 303.2% above this benchmark. Historically, Inner Mongolia First Machinery Group Co's own Days Payable has ranged from 178.49 to 296.81 over the past decade. While the company's 10-year median is 204.84 vs. the industry median of 64.65, Inner Mongolia First Machinery Group 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 Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.65, based on 341 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. Inner Mongolia First Machinery Group Co's current Days Payable of 260.68 is 303.2% 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 Inner Mongolia First Machinery Group Co and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inner Mongolia First Machinery Group Co's current Days Payable is 260.68, which is 27% above median its own 10-year median of 204.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia First Machinery Group Co stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co (SHSE:600967) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.74, compared to a current price of ¥11.56 — trading 32.3% above its estimated fair value. The current Days Payable is 260.68, which is 27% above median its 10-year median of 204.84 and 303.2% above the Aerospace & Defense industry median of 64.65. Inner Mongolia First Machinery Group Co's overall GF Score™ is 48/100 with 5 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 Inner Mongolia First Machinery Group Co (SHSE:600967), the current Days Payable is 260.68 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 Inner Mongolia First Machinery Group Co (SHSE:600967) Overvalued in 2026?

Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co stock appears to be overvalued. The current stock price of ¥11.56 is trading 32.3% above its estimated GF Value™ of ¥8.74. GuruFocus considers Inner Mongolia First Machinery Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600967:

  • Days Payable: 260.68 (27% above median its 10-year median of 204.84)
  • GF Value™: ¥8.74 vs. price of ¥11.56 (32.3% above fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 303.2% above the Aerospace & Defense median (#48 of 341)

No single metric tells the full story. See the SHSE:600967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inner Mongolia First Machinery Group Co Business Description

Address Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030
Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.
48GF Score

Get the complete analysis for SHSE:600967

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

¥11.56
Price
¥8.74
GF Value