Jinneng Science & Technology Co (SHSE:603113) Days Payable: 33.27 (As of Mar. 2026) — 23% Below Median

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SHSE:603113 Jinneng Science & Technology Co Ltd SHSE:603113
60 GF Score
Price ¥4.21
GF Value ¥6.80
Valuation Possible Value Trap
! 5 Warning Signs
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What is Jinneng Science & Technology Co Days Payable?

Jinneng Science & Technology Co SHSE:603113 -3.66% 60 Days Payable is 33.27 as of Mar. 2026, which is 23% below its 10-year median of 42.96. GuruFocus rates SHSE:603113 with a GF Score™ of 60/100 and a GF Value™ of ¥6.80 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,554 Chemicals companies, Jinneng Science & Technology Co ranks worse than 63.84% on this metric.

Jinneng Science & Technology Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,397 Mil. Jinneng Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥3,833 Mil. Hence, Jinneng Science & Technology Co's Days Payable for the three months ended in Mar. 2026 was 33.27.

The historical rank and industry rank for Jinneng Science & Technology Co's Days Payable or its related term are showing as below:

SHSE:603113' s Days Payable Range Over the Past 10 Years
Min: 29.99   Med: 42.96   Max: 76.7
Current: 46.23

During the past 13 years, Jinneng Science & Technology Co's highest Days Payable was 76.70. The lowest was 29.99. And the median was 42.96.

SHSE:603113's Days Payable is ranked worse than
63.84% of 1554 companies
in the Chemicals industry
Industry Median: 59.73 vs SHSE:603113: 46.23

Jinneng Science & Technology Co's Days Payable declined from Mar. 2025 (50.51) to Mar. 2026 (33.27). It may suggest that Jinneng Science & Technology Co accelerated paying its suppliers.


Jinneng Science & Technology Co Days Payable Related Terms


Jinneng Science & Technology Co Days Payable Historical Data

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The historical data trend for Jinneng Science & Technology 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.

Jinneng Science & Technology Co Days Payable Chart

Jinneng Science & Technology 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 54.96 29.99 45.04 53.67 43.05

Jinneng Science & Technology 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 50.51 56.98 57.40 42.52 33.27

SHSE:603113 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Jinneng Science & Technology 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.


Jinneng Science & Technology Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinneng Science & Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinneng Science & Technology Co's Days Payable falls into.


SHSE:603113
60GF Score
Jinneng Science & Technology Co Ltd SHSE:603113
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Jinneng Science & Technology 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.

Jinneng Science & Technology 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
=( (2423.644 + 1509.451) / 2 ) / 16672.305*365
=1966.5475 / 16672.305*365
=43.05

Jinneng Science & Technology 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
=( (1509.451 + 1285.529) / 2 ) / 3832.588*365 / 4
=1397.49 / 3832.588*365 / 4
=33.27

* 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 33.27 mean?
Jinneng Science & Technology Co (SHSE:603113) has a Days Payable of 33.27 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 Jinneng Science & Technology Co and its competitors. This is 23% below median its historical median of 42.96. Over the past decade, Jinneng Science & Technology Co's Days Payable has ranged from 29.99 to 76.70. According to the industry distribution chart, Jinneng Science & Technology Co ranks #992 out of 1554 companies in the Chemicals industry, placing it in the top 63.8%.
Is Jinneng Science & Technology Co's Days Payable too high?
Jinneng Science & Technology Co's current Days Payable of 33.27 is 23% below median its 10-year median of 42.96. Over the past 10 years, this metric has ranged from a low of 29.99 to a high of 76.70. The Chemicals industry median Days Payable is 59.73. Jinneng Science & Technology Co's value of 33.27 is 44.3% below this industry median. Based on the distribution chart, Jinneng Science & Technology Co ranks #992 out of 1554 companies in the Chemicals industry, which is below the industry midpoint. Overall, Jinneng Science & Technology 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 Jinneng Science & Technology Co's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Jinneng Science & Technology Co ranks #992 out of 1554 companies for Days Payable. This places Jinneng Science & Technology Co in the lower half of its industry. The industry median Days Payable is 59.73. Jinneng Science & Technology Co's value of 33.27 is 44.3% below this benchmark. Historically, Jinneng Science & Technology Co's own Days Payable has ranged from 29.99 to 76.70 over the past decade. While the company's 10-year median is 42.96 vs. the industry median of 59.73, Jinneng Science & Technology Co has consistently been below 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.73, based on 1,554 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. Jinneng Science & Technology Co's current Days Payable of 33.27 is 44.3% below 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 Jinneng Science & Technology Co and its competitors. For the Chemicals industry, the median Days Payable is 59.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jinneng Science & Technology Co's current Days Payable is 33.27, which is 23% below median its own 10-year median of 42.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinneng Science & Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jinneng Science & Technology Co (SHSE:603113) is currently considered Possible Value Trap. The stock's GF Value™ is ¥6.80, compared to a current price of ¥4.21 — trading 38.1% below its estimated fair value. The current Days Payable is 33.27, which is 23% below median its 10-year median of 42.96 and 44.3% below the Chemicals industry median of 59.73. Jinneng Science & Technology Co's overall GF Score™ is 60/100 with 5 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 Jinneng Science & Technology Co (SHSE:603113), the current Days Payable is 33.27 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 Jinneng Science & Technology Co (SHSE:603113) Overvalued in 2026?

Based on GuruFocus' analysis, Jinneng Science & Technology Co stock appears to be undervalued. The current stock price of ¥4.21 is trading 38.1% below its estimated GF Value™ of ¥6.80. GuruFocus considers Jinneng Science & Technology Co to be Possible Value Trap.

Key valuation signals for SHSE:603113:

  • Days Payable: 33.27 (23% below median its 10-year median of 42.96)
  • GF Value™: ¥6.80 vs. price of ¥4.21 (38.1% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 44.3% below the Chemicals median (#992 of 1554)

No single metric tells the full story. See the SHSE:603113 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinneng Science & Technology Co Business Description

Address No.1 Jinneng Road, Qihe County, Shandong, CHN, 251100
Jinneng Science & Technology Co Ltd is engaged in the production and distribution of chemical products and coal chemical products. It produces Coke, Carbon Black, Silica Dioxide, Technical Naphthalene, Pitch, Para Cresol, Sorbic Acid, & Potassium Sorbate. Geographically, business activities of the group are carried out through China.
60GF Score

Get the complete analysis for SHSE:603113

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

¥4.21
Price
¥6.80
GF Value