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Harbin VITI Electronic CoSHSE:603023 -0.30%51 Days Payable is 236.81 as of Mar. 2026, which is 37% above its 10-year median of 172.71. GuruFocus rates SHSE:603023 with a GF Score™ of 51/100 and a GF Value™ of ¥8.85 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Harbin VITI Electronic Co ranks better than 85.76% on this metric.
The historical rank and industry rank for Harbin VITI Electronic Co's Days Payable or its related term are showing as below:
SHSE:603023'
s Days Payable Range Over the Past 10 Years
Min: 137.4 Med: 172.71 Max: 348.46
Current: 160.22
During the past 13 years, Harbin VITI Electronic Co's highest Days Payable was 348.46. The lowest was 137.40. And the median was 172.71.
SHSE:603023's Days Payable is ranked better than 85.76% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 67.255
vs SHSE:603023: 160.22
* 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.
For the Auto Parts subindustry, Harbin VITI Electronic 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.
Harbin VITI Electronic Co Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Harbin VITI Electronic Co's Days Payable falls into.
Harbin VITI Electronic 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.
Harbin VITI Electronic 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.
Harbin VITI Electronic Co (SHSE:603023) has a Days Payable of 236.81 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 Harbin VITI Electronic Co and its competitors. This is 37% above median its historical median of 172.71. Over the past decade, Harbin VITI Electronic Co's Days Payable has ranged from 137.40 to 348.46. According to the industry distribution chart, Harbin VITI Electronic Co ranks #186 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 14.2%.
Is Harbin VITI Electronic Co's Days Payable too high?
Harbin VITI Electronic Co's current Days Payable of 236.81 is 37% above median its 10-year median of 172.71. Over the past 10 years, this metric has ranged from a low of 137.40 to a high of 348.46. The Vehicles & Parts industry median Days Payable is 67.26. Harbin VITI Electronic Co's value of 236.81 is 252.1% above this industry median. Based on the distribution chart, Harbin VITI Electronic Co ranks #186 out of 1306 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Harbin VITI Electronic Co has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Harbin VITI Electronic Co ranks #186 out of 1306 companies for Days Payable. This places Harbin VITI Electronic Co in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 67.26. Harbin VITI Electronic Co's value of 236.81 is 252.1% above this benchmark. Historically, Harbin VITI Electronic Co's own Days Payable has ranged from 137.40 to 348.46 over the past decade. While the company's 10-year median is 172.71 vs. the industry median of 67.26, Harbin VITI Electronic 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.26, based on 1,306 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. Harbin VITI Electronic Co's current Days Payable of 236.81 is 252.1% 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 Harbin VITI Electronic Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin VITI Electronic Co's current Days Payable is 236.81, which is 37% above median its own 10-year median of 172.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.85, compared to a current price of ¥3.30 — trading 62.7% below its estimated fair value. The current Days Payable is 236.81, which is 37% above median its 10-year median of 172.71 and 252.1% above the Vehicles & Parts industry median of 67.26. Harbin VITI Electronic Co's overall GF Score™ is 51/100 with 2 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 Harbin VITI Electronic Co (SHSE:603023), the current Days Payable is 236.81 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued.
The current stock price of ¥3.30 is trading 62.7% below its estimated GF Value™ of ¥8.85.
GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.
Key valuation signals for SHSE:603023:
Days Payable: 236.81 (37% above median its 10-year median of 172.71)
GF Value™: ¥8.85 vs. price of ¥3.30 (62.7% below fair value)
Industry Position: 252.1% above the Vehicles & Parts median (#186 of 1306)
No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
51GF Score
Get the complete analysis for SHSE:603023
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