Dongguan HuaLi Industries Co (SHSE:603038) Days Payable: 77.43 (As of Jun. 2026) — Near Median

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SHSE:603038 Dongguan HuaLi Industries Co Ltd SHSE:603038
75 GF Score
Price ¥17.52
GF Value ¥16.59
Valuation Fairly Valued
! 4 Warning Signs
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What is Dongguan HuaLi Industries Co Days Payable?

Dongguan HuaLi Industries Co SHSE:603038 +0.98% 75 Days Payable is 77.43 as of Jun. 2026, which is 8% below its 10-year median of 83.73. GuruFocus rates SHSE:603038 with a GF Score™ of 75/100 and a GF Value™ of ¥16.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 414 Furnishings, Fixtures & Appliances companies, Dongguan HuaLi Industries Co ranks better than 60.39% on this metric.

Dongguan HuaLi Industries Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥202 Mil. Dongguan HuaLi Industries Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥239 Mil. Hence, Dongguan HuaLi Industries Co's Days Payable for the three months ended in Jun. 2026 was 77.43.

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

SHSE:603038' s Days Payable Range Over the Past 10 Years
Min: 48.32   Med: 83.73   Max: 127.41
Current: 85.02

During the past 13 years, Dongguan HuaLi Industries Co's highest Days Payable was 127.41. The lowest was 48.32. And the median was 83.73.

SHSE:603038's Days Payable is ranked better than
60.39% of 414 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.03 vs SHSE:603038: 85.02

Dongguan HuaLi Industries Co's Days Payable increased from Jun. 2025 (64.43) to Jun. 2026 (77.43). It may suggest that Dongguan HuaLi Industries Co delayed paying its suppliers.


Dongguan HuaLi Industries Co Days Payable Historical Data

* Premium members only.

The historical data trend for Dongguan HuaLi Industries 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.

Dongguan HuaLi Industries Co Days Payable Chart

Dongguan HuaLi Industries 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 33.11 56.90 76.76 87.15 99.30

Dongguan HuaLi Industries Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 64.43 56.66 104.37 85.13 77.43

SHSE:603038 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Dongguan HuaLi 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.


Dongguan HuaLi Industries Co Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Dongguan HuaLi Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dongguan HuaLi Industries Co's Days Payable falls into.


SHSE:603038
75GF Score
Dongguan HuaLi Industries Co Ltd SHSE:603038
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dongguan HuaLi 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.

Dongguan HuaLi Industries 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
=( (234.37239121 + 275.52132282) / 2 ) / 937.11981472*365
=254.946857015 / 937.11981472*365
=99.30

Dongguan HuaLi Industries Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (165.0739433 + 239.81732352) / 2 ) / 238.56809378*365 / 4
=202.44563341 / 238.56809378*365 / 4
=77.43

* 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 77.43 mean?
Dongguan HuaLi Industries Co (SHSE:603038) has a Days Payable of 77.43 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Dongguan HuaLi Industries Co and its competitors. This is near median its historical median of 83.73. Over the past decade, Dongguan HuaLi Industries Co's Days Payable has ranged from 48.32 to 127.41. According to the industry distribution chart, Dongguan HuaLi Industries Co ranks #164 out of 414 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 39.6%.
Is Dongguan HuaLi Industries Co's Days Payable too high?
Dongguan HuaLi Industries Co's current Days Payable of 77.43 is near median its 10-year median of 83.73. Over the past 10 years, this metric has ranged from a low of 48.32 to a high of 127.41. The Furnishings, Fixtures & Appliances industry median Days Payable is 66.03. Dongguan HuaLi Industries Co's value of 77.43 is 17.3% above this industry median. Based on the distribution chart, Dongguan HuaLi Industries Co ranks #164 out of 414 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Dongguan HuaLi Industries Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dongguan HuaLi Industries Co's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Dongguan HuaLi Industries Co ranks #164 out of 414 companies for Days Payable. This puts Dongguan HuaLi Industries Co in the upper half of its industry. The industry median Days Payable is 66.03. Dongguan HuaLi Industries Co's value of 77.43 is 17.3% above this benchmark. Historically, Dongguan HuaLi Industries Co's own Days Payable has ranged from 48.32 to 127.41 over the past decade. While the company's 10-year median is 83.73 vs. the industry median of 66.03, Dongguan HuaLi 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 a Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 66.03, based on 414 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. Dongguan HuaLi Industries Co's current Days Payable of 77.43 is 17.3% 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 Dongguan HuaLi Industries Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 66.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dongguan HuaLi Industries Co's current Days Payable is 77.43, which is near median its own 10-year median of 83.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongguan HuaLi Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Dongguan HuaLi Industries Co (SHSE:603038) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.59, compared to a current price of ¥17.52 — trading 5.6% above its estimated fair value. The current Days Payable is 77.43, which is near median its 10-year median of 83.73 and 17.3% above the Furnishings, Fixtures & Appliances industry median of 66.03. Dongguan HuaLi Industries Co's overall GF Score™ is 75/100 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 Dongguan HuaLi Industries Co (SHSE:603038), the current Days Payable is 77.43 as of Jun. 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 Dongguan HuaLi Industries Co (SHSE:603038) Overvalued in 2026?

Based on GuruFocus' analysis, Dongguan HuaLi Industries Co stock appears to be overvalued. The current stock price of ¥17.52 is trading 5.6% above its estimated GF Value™ of ¥16.59. GuruFocus considers Dongguan HuaLi Industries Co to be Fairly Valued.

Key valuation signals for SHSE:603038:

  • Days Payable: 77.43 (near median its 10-year median of 83.73)
  • GF Value™: ¥16.59 vs. price of ¥17.52 (5.6% above fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 17.3% above the Furnishings, Fixtures & Appliances median (#164 of 414)

No single metric tells the full story. See the SHSE:603038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dongguan HuaLi Industries Co Business Description

Address Songbaitang Village, Huali Industrial District, Changping Town, Guangdong Province, Dongguan, CHN, 523561
Dongguan HuaLi Industries Co Ltd manufactures decoration materials. The company produces and distributes edge banding decoration materials, special type decoration materials, and other decorative materials. It is mainly used for edge sealing, surface decoration and indoor decoration of panel furniture Decoration, decoration.
75GF Score

Get the complete analysis for SHSE:603038

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

¥17.52
Price
¥16.59
GF Value