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What is Zhejiang Red Dragonfly Footwear Co Days Payable?
Zhejiang Red Dragonfly Footwear CoSHSE:603116 +6.62%60 Days Payable is 118.59 as of Jun. 2026, which is 25% below its 10-year median of 158.25. GuruFocus rates SHSE:603116 with a GF Score™ of 60/100 and a GF Value™ of ¥6.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,027 Manufacturing - Apparel & Accessories companies, Zhejiang Red Dragonfly Footwear Co ranks better than 85.88% on this metric.
SHSE:603116'
s Days Payable Range Over the Past 10 Years
Min: 144.24 Med: 158.25 Max: 191.66
Current: 145.5
During the past 13 years, Zhejiang Red Dragonfly Footwear Co's highest Days Payable was 191.66. The lowest was 144.24. And the median was 158.25.
SHSE:603116's Days Payable is ranked better than 85.88% of 1027
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.08
vs SHSE:603116: 145.50
* 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 Red Dragonfly Footwear Co Days Payable Chart
SHSE:603116 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear 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 Red Dragonfly Footwear Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co's Days Payable falls into.
Zhejiang Red Dragonfly Footwear 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.
* 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 Red Dragonfly Footwear Co (SHSE:603116) has a Days Payable of 118.59 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 Zhejiang Red Dragonfly Footwear Co and its competitors. This is 25% below median its historical median of 158.25. Over the past decade, Zhejiang Red Dragonfly Footwear Co's Days Payable has ranged from 144.24 to 191.66. According to the industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #145 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.1%.
Is Zhejiang Red Dragonfly Footwear Co's Days Payable too high?
Zhejiang Red Dragonfly Footwear Co's current Days Payable of 118.59 is 25% below median its 10-year median of 158.25. Over the past 10 years, this metric has ranged from a low of 144.24 to a high of 191.66. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.08. Zhejiang Red Dragonfly Footwear Co's value of 118.59 is 123.4% above this industry median. Based on the distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #145 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Red Dragonfly Footwear Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Red Dragonfly Footwear Co's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #145 out of 1027 companies for Days Payable. This places Zhejiang Red Dragonfly Footwear Co in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.08. Zhejiang Red Dragonfly Footwear Co's value of 118.59 is 123.4% above this benchmark. Historically, Zhejiang Red Dragonfly Footwear Co's own Days Payable has ranged from 144.24 to 191.66 over the past decade. While the company's 10-year median is 158.25 vs. the industry median of 53.08, Zhejiang Red Dragonfly Footwear 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.08, based on 1,027 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 Red Dragonfly Footwear Co's current Days Payable of 118.59 is 123.4% 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 Zhejiang Red Dragonfly Footwear Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Red Dragonfly Footwear Co's current Days Payable is 118.59, which is 25% below median its own 10-year median of 158.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Red Dragonfly Footwear Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co (SHSE:603116) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.11, compared to a current price of ¥6.60 — trading 8% above its estimated fair value. The current Days Payable is 118.59, which is 25% below median its 10-year median of 158.25 and 123.4% above the Manufacturing - Apparel & Accessories industry median of 53.08. Zhejiang Red Dragonfly Footwear Co's overall GF Score™ is 60/100 with 1 warning sign 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 Red Dragonfly Footwear Co (SHSE:603116), the current Days Payable is 118.59 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co stock appears to be overvalued.
The current stock price of ¥6.60 is trading 8% above its estimated GF Value™ of ¥6.11.
GuruFocus considers Zhejiang Red Dragonfly Footwear Co to be Fairly Valued.
Key valuation signals for SHSE:603116:
Days Payable: 118.59 (25% below median its 10-year median of 158.25)
GF Value™: ¥6.11 vs. price of ¥6.60 (8% above fair value)
Industry Position: 123.4% above the Manufacturing - Apparel & Accessories median (#145 of 1027)
No single metric tells the full story. See the SHSE:603116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
60GF Score
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