Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) Days Payable: 82.67 (As of Mar. 2026) — 22% Below 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:603078 Jiangyin Jianghua Microelectronics Materials Co Ltd SHSE:603078
72 GF Score
Price ¥28.00
GF Value ¥21.13
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Jiangyin Jianghua Microelectronics Materials Co Days Payable?

Jiangyin Jianghua Microelectronics Materials Co SHSE:603078 +1.12% 72 Days Payable is 82.67 as of Mar. 2026, which is 22% below its 10-year median of 106.37. GuruFocus rates SHSE:603078 with a GF Score™ of 72/100 and a GF Value™ of ¥21.13 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 998 Semiconductors companies, Jiangyin Jianghua Microelectronics Materials Co ranks better than 69.84% on this metric.

Jiangyin Jianghua Microelectronics Materials Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥213 Mil. Jiangyin Jianghua Microelectronics Materials Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥235 Mil. Hence, Jiangyin Jianghua Microelectronics Materials Co's Days Payable for the three months ended in Mar. 2026 was 82.67.

The historical rank and industry rank for Jiangyin Jianghua Microelectronics Materials Co's Days Payable or its related term are showing as below:

SHSE:603078' s Days Payable Range Over the Past 10 Years
Min: 77.86   Med: 106.37   Max: 220.05
Current: 77.86

During the past 13 years, Jiangyin Jianghua Microelectronics Materials Co's highest Days Payable was 220.05. The lowest was 77.86. And the median was 106.37.

SHSE:603078's Days Payable is ranked better than
69.84% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs SHSE:603078: 77.86

Jiangyin Jianghua Microelectronics Materials Co's Days Payable increased from Mar. 2025 (81.72) to Mar. 2026 (82.67). It may suggest that Jiangyin Jianghua Microelectronics Materials Co delayed paying its suppliers.


Jiangyin Jianghua Microelectronics Materials Co Days Payable Related Terms


Jiangyin Jianghua Microelectronics Materials Co Days Payable Historical Data

* Premium members only.

The historical data trend for Jiangyin Jianghua Microelectronics Materials 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.

Jiangyin Jianghua Microelectronics Materials Co Days Payable Chart

Jiangyin Jianghua Microelectronics Materials 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 214.01 157.60 90.42 78.49 78.15

Jiangyin Jianghua Microelectronics Materials 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 81.72 73.63 73.17 78.80 82.67

SHSE:603078 vs AMAT, LRCX, KLAC: Days Payable Comparison

For the Semiconductor Equipment & Materials subindustry, Jiangyin Jianghua Microelectronics Materials 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.


Jiangyin Jianghua Microelectronics Materials Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangyin Jianghua Microelectronics Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangyin Jianghua Microelectronics Materials Co's Days Payable falls into.


SHSE:603078
72GF Score
Jiangyin Jianghua Microelectronics Materials Co Ltd SHSE:603078
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangyin Jianghua Microelectronics Materials 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.

Jiangyin Jianghua Microelectronics Materials 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
=( (186.354 + 196.989) / 2 ) / 895.218*365
=191.6715 / 895.218*365
=78.15

Jiangyin Jianghua Microelectronics Materials 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
=( (196.989 + 228.044) / 2 ) / 234.585*365 / 4
=212.5165 / 234.585*365 / 4
=82.67

* 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 82.67 mean?
Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) has a Days Payable of 82.67 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 Jiangyin Jianghua Microelectronics Materials Co and its competitors. This is 22% below median its historical median of 106.37. Over the past decade, Jiangyin Jianghua Microelectronics Materials Co's Days Payable has ranged from 77.86 to 220.05. According to the industry distribution chart, Jiangyin Jianghua Microelectronics Materials Co ranks #301 out of 998 companies in the Semiconductors industry, placing it in the top 30.2%.
Is Jiangyin Jianghua Microelectronics Materials Co's Days Payable too high?
Jiangyin Jianghua Microelectronics Materials Co's current Days Payable of 82.67 is 22% below median its 10-year median of 106.37. Over the past 10 years, this metric has ranged from a low of 77.86 to a high of 220.05. The Semiconductors industry median Days Payable is 52.98. Jiangyin Jianghua Microelectronics Materials Co's value of 82.67 is 56% above this industry median. Based on the distribution chart, Jiangyin Jianghua Microelectronics Materials Co ranks #301 out of 998 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Jiangyin Jianghua Microelectronics Materials Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangyin Jianghua Microelectronics Materials Co's Days Payable compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Jiangyin Jianghua Microelectronics Materials Co ranks #301 out of 998 companies for Days Payable. This puts Jiangyin Jianghua Microelectronics Materials Co in the upper half of its industry. The industry median Days Payable is 52.98. Jiangyin Jianghua Microelectronics Materials Co's value of 82.67 is 56% above this benchmark. Historically, Jiangyin Jianghua Microelectronics Materials Co's own Days Payable has ranged from 77.86 to 220.05 over the past decade. While the company's 10-year median is 106.37 vs. the industry median of 52.98, Jiangyin Jianghua Microelectronics Materials 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Jiangyin Jianghua Microelectronics Materials Co's current Days Payable of 82.67 is 56% 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 Jiangyin Jianghua Microelectronics Materials Co and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangyin Jianghua Microelectronics Materials Co's current Days Payable is 82.67, which is 22% below median its own 10-year median of 106.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangyin Jianghua Microelectronics Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.13, compared to a current price of ¥28.00 — trading 32.5% above its estimated fair value. The current Days Payable is 82.67, which is 22% below median its 10-year median of 106.37 and 56% above the Semiconductors industry median of 52.98. Jiangyin Jianghua Microelectronics Materials Co's overall GF Score™ is 72/100 with 3 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 Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078), the current Days Payable is 82.67 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 Jiangyin Jianghua Microelectronics Materials Co (SHSE:603078) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangyin Jianghua Microelectronics Materials Co stock appears to be overvalued. The current stock price of ¥28.00 is trading 32.5% above its estimated GF Value™ of ¥21.13. GuruFocus considers Jiangyin Jianghua Microelectronics Materials Co to be Significantly Overvalued.

Key valuation signals for SHSE:603078:

  • Days Payable: 82.67 (22% below median its 10-year median of 106.37)
  • GF Value™: ¥21.13 vs. price of ¥28.00 (32.5% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 56% above the Semiconductors median (#301 of 998)

No single metric tells the full story. See the SHSE:603078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangyin Jianghua Microelectronics Materials Co Business Description

Address No. 581, Changshou Yungu Road, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423
Jiangyin Jianghua Microelectronics Materials Co Ltd is a Chinese company engaged in the production of Semiconductors like TR and IC, Crystalline silicon solar such as solar PV, FPD flat panel display products including TFT-LCD, CF, TP, OLED, PDP, and others, and special wet chemicals required in the manufacturing of LED, silicon, and lithium batteries, among others.
72GF Score

Get the complete analysis for SHSE:603078

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

¥28.00
Price
¥21.13
GF Value