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Jiangsufety Group CoSHSE:603028 -1.28%60 Days Payable is 299.23 as of Mar. 2026, which is 192% above its 10-year median of 102.46. GuruFocus rates SHSE:603028 with a GF Score™ of 60/100 and a GF Value™ of ¥9.05 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 598 Steel companies, Jiangsufety Group Co ranks better than 94.15% on this metric.
The historical rank and industry rank for Jiangsufety Group Co's Days Payable or its related term are showing as below:
SHSE:603028'
s Days Payable Range Over the Past 10 Years
Min: 56.38 Med: 102.46 Max: 200.03
Current: 194.18
During the past 13 years, Jiangsufety Group Co's highest Days Payable was 200.03. The lowest was 56.38. And the median was 102.46.
SHSE:603028's Days Payable is ranked better than 94.15% of 598
companies
in the Steel industry
Industry Median: 41.31
vs SHSE:603028: 194.18
Jiangsufety Group Co's Days Payable
increased
from Mar. 2025 (187.17) to Mar. 2026 (299.23).
It may suggest that Jiangsufety Group Codelayed paying its suppliers.
Jiangsufety Group Co Days Payable Related Terms
Jiangsufety Group Co Days Payable Historical Data
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The historical data trend for Jiangsufety 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.
SHSE:603028 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Jiangsufety 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.
Jiangsufety Group Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Jiangsufety Group 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.
Jiangsufety Group 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.
Jiangsufety Group Co (SHSE:603028) has a Days Payable of 299.23 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 Jiangsufety Group Co and its competitors. This is 192% above median its historical median of 102.46. Over the past decade, Jiangsufety Group Co's Days Payable has ranged from 56.38 to 200.03. According to the industry distribution chart, Jiangsufety Group Co ranks #35 out of 598 companies in the Steel industry, placing it in the top 5.9%.
Is Jiangsufety Group Co's Days Payable too high?
Jiangsufety Group Co's current Days Payable of 299.23 is 192% above median its 10-year median of 102.46. Over the past 10 years, this metric has ranged from a low of 56.38 to a high of 200.03. The Steel industry median Days Payable is 41.31. Jiangsufety Group Co's value of 299.23 is 624.4% above this industry median. Based on the distribution chart, Jiangsufety Group Co ranks #35 out of 598 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsufety Group Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jiangsufety Group Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Jiangsufety Group Co ranks #35 out of 598 companies for Days Payable. This places Jiangsufety Group Co in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.31. Jiangsufety Group Co's value of 299.23 is 624.4% above this benchmark. Historically, Jiangsufety Group Co's own Days Payable has ranged from 56.38 to 200.03 over the past decade. While the company's 10-year median is 102.46 vs. the industry median of 41.31, Jiangsufety Group 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 Steel company?
The median Days Payable among Steel companies is 41.31, based on 598 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. Jiangsufety Group Co's current Days Payable of 299.23 is 624.4% 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 Jiangsufety Group Co and its competitors. For the Steel industry, the median Days Payable is 41.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsufety Group Co's current Days Payable is 299.23, which is 192% above median its own 10-year median of 102.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsufety Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsufety Group Co (SHSE:603028) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.05, compared to a current price of ¥6.17 — trading 31.8% below its estimated fair value. The current Days Payable is 299.23, which is 192% above median its 10-year median of 102.46 and 624.4% above the Steel industry median of 41.31. Jiangsufety Group Co's overall GF Score™ is 60/100 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 Jiangsufety Group Co (SHSE:603028), the current Days Payable is 299.23 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 Jiangsufety Group Co (SHSE:603028) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsufety Group Co stock appears to be undervalued.
The current stock price of ¥6.17 is trading 31.8% below its estimated GF Value™ of ¥9.05.
GuruFocus considers Jiangsufety Group Co to be Possible Value Trap.
Key valuation signals for SHSE:603028:
Days Payable: 299.23 (192% above median its 10-year median of 102.46)
GF Value™: ¥9.05 vs. price of ¥6.17 (31.8% below fair value)
Industry Position: 624.4% above the Steel median (#35 of 598)
No single metric tells the full story. See the SHSE:603028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Safety Group Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.
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