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CITIC Heavy Industries CoSHSE:601608 -6.25%63 Days Payable is 215.43 as of Mar. 2026, which is 24% below its 10-year median of 283.60. GuruFocus rates SHSE:601608 with a GF Score™ of 63/100 and a GF Value™ of ¥4.07 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,991 Industrial Products companies, CITIC Heavy Industries Co ranks better than 89.87% on this metric.
The historical rank and industry rank for CITIC Heavy Industries Co's Days Payable or its related term are showing as below:
SHSE:601608'
s Days Payable Range Over the Past 10 Years
Min: 205.03 Med: 283.6 Max: 332.03
Current: 233.42
During the past 13 years, CITIC Heavy Industries Co's highest Days Payable was 332.03. The lowest was 205.03. And the median was 283.60.
SHSE:601608's Days Payable is ranked better than 89.87% of 2991
companies
in the Industrial Products industry
Industry Median: 78.05
vs SHSE:601608: 233.42
* 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.
SHSE:601608 vs GEV, ETN, PH: Days Payable Comparison
For the Specialty Industrial Machinery subindustry, CITIC Heavy Industries 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.
CITIC Heavy Industries Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CITIC Heavy Industries Co's Days Payable distribution charts can be found below:
* The bar in red indicates where CITIC Heavy Industries Co's Days Payable falls into.
CITIC Heavy Industries 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.
CITIC Heavy Industries 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.
CITIC Heavy Industries Co (SHSE:601608) has a Days Payable of 215.43 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 CITIC Heavy Industries Co and its competitors. This is 24% below median its historical median of 283.60. Over the past decade, CITIC Heavy Industries Co's Days Payable has ranged from 205.03 to 332.03. According to the industry distribution chart, CITIC Heavy Industries Co ranks #303 out of 2991 companies in the Industrial Products industry, placing it in the top 10.1%.
Is CITIC Heavy Industries Co's Days Payable too high?
CITIC Heavy Industries Co's current Days Payable of 215.43 is 24% below median its 10-year median of 283.60. Over the past 10 years, this metric has ranged from a low of 205.03 to a high of 332.03. The Industrial Products industry median Days Payable is 78.05. CITIC Heavy Industries Co's value of 215.43 is 176% above this industry median. Based on the distribution chart, CITIC Heavy Industries Co ranks #303 out of 2991 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, CITIC Heavy Industries Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CITIC Heavy Industries Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CITIC Heavy Industries Co ranks #303 out of 2991 companies for Days Payable. This places CITIC Heavy Industries Co in the top 10% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.05. CITIC Heavy Industries Co's value of 215.43 is 176% above this benchmark. Historically, CITIC Heavy Industries Co's own Days Payable has ranged from 205.03 to 332.03 over the past decade. While the company's 10-year median is 283.60 vs. the industry median of 78.05, CITIC Heavy Industries 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 78.05, 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. CITIC Heavy Industries Co's current Days Payable of 215.43 is 176% 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 CITIC Heavy Industries Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CITIC Heavy Industries Co's current Days Payable is 215.43, which is 24% below median its own 10-year median of 283.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Heavy Industries Co stock overvalued right now?
Based on GuruFocus' analysis, CITIC Heavy Industries Co (SHSE:601608) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.07, compared to a current price of ¥4.50 — trading 10.6% above its estimated fair value. The current Days Payable is 215.43, which is 24% below median its 10-year median of 283.60 and 176% above the Industrial Products industry median of 78.05. CITIC Heavy Industries Co's overall GF Score™ is 63/100 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 CITIC Heavy Industries Co (SHSE:601608), the current Days Payable is 215.43 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 CITIC Heavy Industries Co (SHSE:601608) Overvalued in 2026?
Based on GuruFocus' analysis, CITIC Heavy Industries Co stock appears to be overvalued.
The current stock price of ¥4.50 is trading 10.6% above its estimated GF Value™ of ¥4.07.
GuruFocus considers CITIC Heavy Industries Co to be Modestly Overvalued.
Key valuation signals for SHSE:601608:
Days Payable: 215.43 (24% below median its 10-year median of 283.60)
GF Value™: ¥4.07 vs. price of ¥4.50 (10.6% above fair value)
Industry Position: 176% above the Industrial Products median (#303 of 2991)
No single metric tells the full story. See the SHSE:601608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.
63GF Score
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