Befar Group Co (SHSE:601678) Days Payable: 49.99 (As of Mar. 2026) — 27% Above 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:601678 Befar Group Co Ltd SHSE:601678
82 GF Score
Price ¥5.90
GF Value ¥6.45
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Befar Group Co Days Payable?

Befar Group Co SHSE:601678 +6.12% 82 Days Payable is 49.99 as of Mar. 2026, which is 27% above its 10-year median of 39.22. GuruFocus rates SHSE:601678 with a GF Score™ of 82/100 and a GF Value™ of ¥6.45 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,554 Chemicals companies, Befar Group Co ranks worse than 69.11% on this metric.

Befar Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,874 Mil. Befar Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥3,420 Mil. Hence, Befar Group Co's Days Payable for the three months ended in Mar. 2026 was 49.99.

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

SHSE:601678' s Days Payable Range Over the Past 10 Years
Min: 28.85   Med: 39.22   Max: 54.54
Current: 40.92

During the past 13 years, Befar Group Co's highest Days Payable was 54.54. The lowest was 28.85. And the median was 39.22.

SHSE:601678's Days Payable is ranked worse than
69.11% of 1554 companies
in the Chemicals industry
Industry Median: 59.565 vs SHSE:601678: 40.92

Befar Group Co's Days Payable increased from Mar. 2025 (29.59) to Mar. 2026 (49.99). It may suggest that Befar Group Co delayed paying its suppliers.


Befar Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Befar 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.

Befar Group Co Days Payable Chart

Befar 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 31.14 44.13 54.54 38.26 42.07

Befar 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 29.59 35.81 36.25 42.26 49.99

SHSE:601678 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Befar 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.


Befar Group Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Befar Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Befar Group Co's Days Payable falls into.


SHSE:601678
82GF Score
Befar Group Co Ltd SHSE:601678
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Befar 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.

Befar 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
=( (1129.212 + 1937.789) / 2 ) / 13305.438*365
=1533.5005 / 13305.438*365
=42.07

Befar 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
=( (1937.789 + 1809.842) / 2 ) / 3420.158*365 / 4
=1873.8155 / 3420.158*365 / 4
=49.99

* 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 49.99 mean?
Befar Group Co (SHSE:601678) has a Days Payable of 49.99 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 Befar Group Co and its competitors. This is 27% above median its historical median of 39.22. Over the past decade, Befar Group Co's Days Payable has ranged from 28.85 to 54.54. According to the industry distribution chart, Befar Group Co ranks #1074 out of 1554 companies in the Chemicals industry, placing it in the top 69.1%.
Is Befar Group Co's Days Payable too high?
Befar Group Co's current Days Payable of 49.99 is 27% above median its 10-year median of 39.22. Over the past 10 years, this metric has ranged from a low of 28.85 to a high of 54.54. The Chemicals industry median Days Payable is 59.57. Befar Group Co's value of 49.99 is 16.1% below this industry median. Based on the distribution chart, Befar Group Co ranks #1074 out of 1554 companies in the Chemicals industry, which is below the industry midpoint. Overall, Befar Group Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Befar Group Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Befar Group Co ranks #1074 out of 1554 companies for Days Payable. This places Befar Group Co in the lower half of its industry. The industry median Days Payable is 59.57. Befar Group Co's value of 49.99 is 16.1% below this benchmark. Historically, Befar Group Co's own Days Payable has ranged from 28.85 to 54.54 over the past decade. While the company's 10-year median is 39.22 vs. the industry median of 59.57, Befar Group 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.57, based on 1,554 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. Befar Group Co's current Days Payable of 49.99 is 16.1% 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 Befar Group Co and its competitors. For the Chemicals industry, the median Days Payable is 59.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Befar Group Co's current Days Payable is 49.99, which is 27% above median its own 10-year median of 39.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Befar Group Co stock overvalued right now?
Based on GuruFocus' analysis, Befar Group Co (SHSE:601678) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.45, compared to a current price of ¥5.90 — trading 8.5% below its estimated fair value. The current Days Payable is 49.99, which is 27% above median its 10-year median of 39.22 and 16.1% below the Chemicals industry median of 59.57. Befar Group Co's overall GF Score™ is 82/100 with 8 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 Befar Group Co (SHSE:601678), the current Days Payable is 49.99 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 Befar Group Co (SHSE:601678) Overvalued in 2026?

Based on GuruFocus' analysis, Befar Group Co stock appears to be undervalued. The current stock price of ¥5.90 is trading 8.5% below its estimated GF Value™ of ¥6.45. GuruFocus considers Befar Group Co to be Fairly Valued.

Key valuation signals for SHSE:601678:

  • Days Payable: 49.99 (27% above median its 10-year median of 39.22)
  • GF Value™: ¥6.45 vs. price of ¥5.90 (8.5% below fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 16.1% below the Chemicals median (#1074 of 1554)

No single metric tells the full story. See the SHSE:601678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Befar Group Co Business Description

Other Exchanges 06745:Hong Kong
Address No.869, Huanghe 5th Road, Shandong Province, Binzhou, CHN, 256619
Befar Group Co Ltd is a China-based chemical company. It is engaged in the business of producing, processing and selling organic and inorganic chemical products. The company's product portfolio includes propylene-oxide, food additives, industrial hydrochloric acid, vinyl chloride, polymer polyol, reagent hydrochloric acid, crude oil emulsifier, and other products. Its industrial chain covers petrochemical, salt chemical, fine chemical, thermal power, port warehousing, financing and others. The company's products are sold in China and other international countries.
82GF Score

Get the complete analysis for SHSE:601678

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

¥5.90
Price
¥6.45
GF Value