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* 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 Rongtai Electric Material Co Days Payable Chart
SHSE:603119 vs APH, GLW, TEL: Days Payable Comparison
For the Electronic Components subindustry, Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co Days Payable vs Hardware Industry
Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co (SHSE:603119) has a Days Payable of 126.23 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 Rongtai Electric Material Co and its competitors. This is 13% below median its historical median of 145.48. Over the past decade, Zhejiang Rongtai Electric Material Co's Days Payable has ranged from 111.39 to 165.13. According to the industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #643 out of 2441 companies in the Hardware industry, placing it in the top 26.3%.
Is Zhejiang Rongtai Electric Material Co's Days Payable too high?
Zhejiang Rongtai Electric Material Co's current Days Payable of 126.23 is 13% below median its 10-year median of 145.48. Over the past 10 years, this metric has ranged from a low of 111.39 to a high of 165.13. The Hardware industry median Days Payable is 70.03. Zhejiang Rongtai Electric Material Co's value of 126.23 is 80.3% above this industry median. Based on the distribution chart, Zhejiang Rongtai Electric Material Co ranks #643 out of 2441 companies in the Hardware industry, which is above the industry midpoint. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #643 out of 2441 companies for Days Payable. This puts Zhejiang Rongtai Electric Material Co in the upper half of its industry. The industry median Days Payable is 70.03. Zhejiang Rongtai Electric Material Co's value of 126.23 is 80.3% above this benchmark. Historically, Zhejiang Rongtai Electric Material Co's own Days Payable has ranged from 111.39 to 165.13 over the past decade. While the company's 10-year median is 145.48 vs. the industry median of 70.03, Zhejiang Rongtai Electric Material 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 Hardware company?
The median Days Payable among Hardware companies is 70.03, based on 2,441 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 Rongtai Electric Material Co's current Days Payable of 126.23 is 80.3% 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 Zhejiang Rongtai Electric Material Co and its competitors. For the Hardware industry, the median Days Payable is 70.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongtai Electric Material Co's current Days Payable is 126.23, which is 13% below median its own 10-year median of 145.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current Days Payable is 126.23, which is 13% below median its 10-year median of 145.48 and 80.3% above the Hardware industry median of 70.03. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 with 2 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 Rongtai Electric Material Co (SHSE:603119), the current Days Payable is 126.23 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 Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:603119:
Days Payable: 126.23 (13% below median its 10-year median of 145.48)
GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
Industry Position: 80.3% above the Hardware median (#643 of 2441)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score
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