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Zhejiang Hangmin CoSHSE:600987 -1.22%77 Days Payable is 16.49 as of Jun. 2026, which is 44% above its 10-year median of 11.43. GuruFocus rates SHSE:600987 with a GF Score™ of 77/100 and a GF Value™ of ¥6.24 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,102 Retail - Cyclical companies, Zhejiang Hangmin Co ranks worse than 89.84% on this metric.
The historical rank and industry rank for Zhejiang Hangmin Co's Days Payable or its related term are showing as below:
SHSE:600987'
s Days Payable Range Over the Past 10 Years
Min: 8.45 Med: 11.43 Max: 24.47
Current: 11.86
During the past 13 years, Zhejiang Hangmin Co's highest Days Payable was 24.47. The lowest was 8.45. And the median was 11.43.
SHSE:600987's Days Payable is ranked worse than 89.84% of 1102
companies
in the Retail - Cyclical industry
Industry Median: 50.56
vs SHSE:600987: 11.86
Zhejiang Hangmin Co's Days Payable
increased
from Jun. 2025 (9.49) to Jun. 2026 (16.49).
It may suggest that Zhejiang Hangmin Codelayed paying its suppliers.
The historical data trend for Zhejiang Hangmin 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.
Zhejiang Hangmin Co Days Payable Competitor Comparison
For the Luxury Goods subindustry, Zhejiang Hangmin 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.
Zhejiang Hangmin Co Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zhejiang Hangmin Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Zhejiang Hangmin 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.
Zhejiang Hangmin 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.
Zhejiang Hangmin Co (SHSE:600987) has a Days Payable of 16.49 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Zhejiang Hangmin Co and its competitors. This is 44% above median its historical median of 11.43. Over the past decade, Zhejiang Hangmin Co's Days Payable has ranged from 8.45 to 24.47. According to the industry distribution chart, Zhejiang Hangmin Co ranks #990 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 89.8%.
Is Zhejiang Hangmin Co's Days Payable too high?
Zhejiang Hangmin Co's current Days Payable of 16.49 is 44% above median its 10-year median of 11.43. Over the past 10 years, this metric has ranged from a low of 8.45 to a high of 24.47. The Retail - Cyclical industry median Days Payable is 50.56. Zhejiang Hangmin Co's value of 16.49 is 67.4% below this industry median. Based on the distribution chart, Zhejiang Hangmin Co ranks #990 out of 1102 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Hangmin Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Hangmin Co's Days Payable compare to competitors?
According to the Retail - Cyclical industry distribution chart, Zhejiang Hangmin Co ranks #990 out of 1102 companies for Days Payable. This places Zhejiang Hangmin Co in the lower half of its industry. The industry median Days Payable is 50.56. Zhejiang Hangmin Co's value of 16.49 is 67.4% below this benchmark. Historically, Zhejiang Hangmin Co's own Days Payable has ranged from 8.45 to 24.47 over the past decade. While the company's 10-year median is 11.43 vs. the industry median of 50.56, Zhejiang Hangmin 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 50.56, based on 1,102 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. Zhejiang Hangmin Co's current Days Payable of 16.49 is 67.4% 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 Zhejiang Hangmin Co and its competitors. For the Retail - Cyclical industry, the median Days Payable is 50.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Hangmin Co's current Days Payable is 16.49, which is 44% above median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Hangmin Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Hangmin Co (SHSE:600987) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.24, compared to a current price of ¥6.46 — trading 3.5% above its estimated fair value. The current Days Payable is 16.49, which is 44% above median its 10-year median of 11.43 and 67.4% below the Retail - Cyclical industry median of 50.56. Zhejiang Hangmin Co's overall GF Score™ is 77/100 with 6 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 Zhejiang Hangmin Co (SHSE:600987), the current Days Payable is 16.49 as of Jun. 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 Zhejiang Hangmin Co (SHSE:600987) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Hangmin Co stock appears to be overvalued.
The current stock price of ¥6.46 is trading 3.5% above its estimated GF Value™ of ¥6.24.
GuruFocus considers Zhejiang Hangmin Co to be Fairly Valued.
Key valuation signals for SHSE:600987:
Days Payable: 16.49 (44% above median its 10-year median of 11.43)
GF Value™: ¥6.24 vs. price of ¥6.46 (3.5% above fair value)
Industry Position: 67.4% below the Retail - Cyclical median (#990 of 1102)
No single metric tells the full story. See the SHSE:600987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Hangmin Co Ltd in China is engaged in the areas of printing, dyeing, weaving, marine logistics and the production of thermoelectricity business. It mainly produces and exports multi-fiber blended fabrics, high real textile fabrics and printed fabrics. The company's product sold throughout the country and exported to Southeast Asia, the Middle East, North America, the European Union, Hong Kong, Macao and Taiwan and other countries and regions.
77GF Score
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