Zhejiang Dafeng Industry Co (SHSE:603081) Days Payable: 519.24 (As of Mar. 2026) — 132% 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:603081 Zhejiang Dafeng Industry Co Ltd SHSE:603081
62 GF Score
Price ¥9.66
GF Value ¥12.58
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Zhejiang Dafeng Industry Co Days Payable?

Zhejiang Dafeng Industry Co SHSE:603081 +1.05% 62 Days Payable is 519.24 as of Mar. 2026, which is 132% above its 10-year median of 223.58. GuruFocus rates SHSE:603081 with a GF Score™ of 62/100 and a GF Value™ of ¥12.58 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 944 Business Services companies, Zhejiang Dafeng Industry Co ranks better than 92.16% on this metric.

Zhejiang Dafeng Industry Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,479 Mil. Zhejiang Dafeng Industry Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥260 Mil. Hence, Zhejiang Dafeng Industry Co's Days Payable for the three months ended in Mar. 2026 was 519.24.

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

SHSE:603081' s Days Payable Range Over the Past 10 Years
Min: 133.88   Med: 223.58   Max: 458.04
Current: 291.79

During the past 13 years, Zhejiang Dafeng Industry Co's highest Days Payable was 458.04. The lowest was 133.88. And the median was 223.58.

SHSE:603081's Days Payable is ranked better than
92.16% of 944 companies
in the Business Services industry
Industry Median: 44.47 vs SHSE:603081: 291.79

Zhejiang Dafeng Industry Co's Days Payable declined from Mar. 2025 (574.01) to Mar. 2026 (519.24). It may suggest that Zhejiang Dafeng Industry Co accelerated paying its suppliers.


Zhejiang Dafeng Industry Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zhejiang Dafeng Industry 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.

Zhejiang Dafeng Industry Co Days Payable Chart

Zhejiang Dafeng Industry 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 229.67 278.58 395.97 458.04 310.87

Zhejiang Dafeng Industry 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 574.01 242.38 276.43 263.80 519.24

SHSE:603081 vs CTAS, CPRT, GPN: Days Payable Comparison

For the Specialty Business Services subindustry, Zhejiang Dafeng Industry 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.


Zhejiang Dafeng Industry Co Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Dafeng Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Dafeng Industry Co's Days Payable falls into.


SHSE:603081
62GF Score
Zhejiang Dafeng Industry Co Ltd SHSE:603081
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Dafeng Industry 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.

Zhejiang Dafeng Industry 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
=( (1456.994 + 1587.179) / 2 ) / 1787.141*365
=1522.0865 / 1787.141*365
=310.87

Zhejiang Dafeng Industry 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
=( (1587.179 + 1370.406) / 2 ) / 259.877*365 / 4
=1478.7925 / 259.877*365 / 4
=519.24

* 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 519.24 mean?
Zhejiang Dafeng Industry Co (SHSE:603081) has a Days Payable of 519.24 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 Zhejiang Dafeng Industry Co and its competitors. This is 132% above median its historical median of 223.58. Over the past decade, Zhejiang Dafeng Industry Co's Days Payable has ranged from 133.88 to 458.04. According to the industry distribution chart, Zhejiang Dafeng Industry Co ranks #74 out of 944 companies in the Business Services industry, placing it in the top 7.8%.
Is Zhejiang Dafeng Industry Co's Days Payable too high?
Zhejiang Dafeng Industry Co's current Days Payable of 519.24 is 132% above median its 10-year median of 223.58. Over the past 10 years, this metric has ranged from a low of 133.88 to a high of 458.04. The Business Services industry median Days Payable is 44.47. Zhejiang Dafeng Industry Co's value of 519.24 is 1067.6% above this industry median. Based on the distribution chart, Zhejiang Dafeng Industry Co ranks #74 out of 944 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Dafeng Industry Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Dafeng Industry Co's Days Payable compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Zhejiang Dafeng Industry Co ranks #74 out of 944 companies for Days Payable. This places Zhejiang Dafeng Industry Co in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.47. Zhejiang Dafeng Industry Co's value of 519.24 is 1067.6% above this benchmark. Historically, Zhejiang Dafeng Industry Co's own Days Payable has ranged from 133.88 to 458.04 over the past decade. While the company's 10-year median is 223.58 vs. the industry median of 44.47, Zhejiang Dafeng Industry 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 Business Services company?
The median Days Payable among Business Services companies is 44.47, based on 944 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. Zhejiang Dafeng Industry Co's current Days Payable of 519.24 is 1067.6% 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 Zhejiang Dafeng Industry Co and its competitors. For the Business Services industry, the median Days Payable is 44.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Dafeng Industry Co's current Days Payable is 519.24, which is 132% above median its own 10-year median of 223.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Dafeng Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Dafeng Industry Co (SHSE:603081) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.58, compared to a current price of ¥9.66 — trading 23.2% below its estimated fair value. The current Days Payable is 519.24, which is 132% above median its 10-year median of 223.58 and 1067.6% above the Business Services industry median of 44.47. Zhejiang Dafeng Industry Co's overall GF Score™ is 62/100 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 Zhejiang Dafeng Industry Co (SHSE:603081), the current Days Payable is 519.24 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 Zhejiang Dafeng Industry Co (SHSE:603081) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Dafeng Industry Co stock appears to be undervalued. The current stock price of ¥9.66 is trading 23.2% below its estimated GF Value™ of ¥12.58. GuruFocus considers Zhejiang Dafeng Industry Co to be Modestly Undervalued.

Key valuation signals for SHSE:603081:

  • Days Payable: 519.24 (132% above median its 10-year median of 223.58)
  • GF Value™: ¥12.58 vs. price of ¥9.66 (23.2% below fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 1067.6% above the Business Services median (#74 of 944)

No single metric tells the full story. See the SHSE:603081 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Dafeng Industry Co Business Description

Address No.737, Xinjian North Road, Yangming Science and Technology Industrial Park, Zhejiang Province, Yuyao, Ningbo, CHN, 315400
Zhejiang Dafeng Industry Co Ltd is a Chinese company engaged in providing culture and sports facility services. It offers stage, lighting, sound, intelligent, decoration, seating, BT construction, design, production, installation and after-sales services.
62GF Score

Get the complete analysis for SHSE:603081

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

¥9.66
Price
¥12.58
GF Value