Ningbo Ocean Shipping CoSHSE:601022 +1.72%54 Days Payable is 83.32 as of Mar. 2026, which is 0% above its 10-year median of 83.08. GuruFocus rates SHSE:601022 with a GF Score™ of 54/100 and a GF Value™ of ¥11.52 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 968 Transportation companies, Ningbo Ocean Shipping Co ranks better than 78.62% on this metric.
* 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.
Ningbo Ocean Shipping Co Days Payable Competitor Comparison
For the Marine Shipping subindustry, Ningbo Ocean Shipping 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.
Ningbo Ocean Shipping Co Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Ningbo Ocean Shipping Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Ningbo Ocean Shipping 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.
Ningbo Ocean Shipping 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.
Ningbo Ocean Shipping Co (SHSE:601022) has a Days Payable of 83.32 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 Ningbo Ocean Shipping Co and its competitors. This is near median its historical median of 83.08. Over the past decade, Ningbo Ocean Shipping Co's Days Payable has ranged from 75.31 to 131.74. According to the industry distribution chart, Ningbo Ocean Shipping Co ranks #207 out of 968 companies in the Transportation industry, placing it in the top 21.4%.
Is Ningbo Ocean Shipping Co's Days Payable too high?
Ningbo Ocean Shipping Co's current Days Payable of 83.32 is near median its 10-year median of 83.08. Over the past 10 years, this metric has ranged from a low of 75.31 to a high of 131.74. The Transportation industry median Days Payable is 38.80. Ningbo Ocean Shipping Co's value of 83.32 is 114.7% above this industry median. Based on the distribution chart, Ningbo Ocean Shipping Co ranks #207 out of 968 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Ocean Shipping Co has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Ocean Shipping Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, Ningbo Ocean Shipping Co ranks #207 out of 968 companies for Days Payable. This places Ningbo Ocean Shipping Co in the top 21% of its industry — outperforming the majority of peers. The industry median Days Payable is 38.80. Ningbo Ocean Shipping Co's value of 83.32 is 114.7% above this benchmark. Historically, Ningbo Ocean Shipping Co's own Days Payable has ranged from 75.31 to 131.74 over the past decade. While the company's 10-year median is 83.08 vs. the industry median of 38.80, Ningbo Ocean Shipping 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 Transportation company?
The median Days Payable among Transportation companies is 38.80, based on 968 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. Ningbo Ocean Shipping Co's current Days Payable of 83.32 is 114.7% 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 Ningbo Ocean Shipping Co and its competitors. For the Transportation industry, the median Days Payable is 38.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Ocean Shipping Co's current Days Payable is 83.32, which is near median its own 10-year median of 83.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ocean Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co (SHSE:601022) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥11.52, compared to a current price of ¥7.70 — trading 33.2% below its estimated fair value. The current Days Payable is 83.32, which is near median its 10-year median of 83.08 and 114.7% above the Transportation industry median of 38.80. Ningbo Ocean Shipping Co's overall GF Score™ is 54/100 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 Ningbo Ocean Shipping Co (SHSE:601022), the current Days Payable is 83.32 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 Ningbo Ocean Shipping Co (SHSE:601022) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co stock appears to be undervalued.
The current stock price of ¥7.70 is trading 33.2% below its estimated GF Value™ of ¥11.52.
GuruFocus considers Ningbo Ocean Shipping Co to be Significantly Undervalued.
Key valuation signals for SHSE:601022:
Days Payable: 83.32 (near median its 10-year median of 83.08)
GF Value™: ¥11.52 vs. price of ¥7.70 (33.2% below fair value)
Industry Position: 114.7% above the Transportation median (#207 of 968)
No single metric tells the full story. See the SHSE:601022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.
54GF Score
Get the complete analysis for SHSE:601022
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:601022 has been successfully added to your 
