CTS International Logistics (SHSE:603128) Days Payable: 55.17 (As of Mar. 2026) — 34% Above Median

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SHSE:603128 CTS International Logistics Corp Ltd SHSE:603128
76 GF Score
Price ¥5.27
GF Value ¥6.73
Valuation Modestly Undervalued
! 7 Warning Signs
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What is CTS International Logistics Days Payable?

CTS International Logistics SHSE:603128 +1.15% 76 Days Payable is 55.17 as of Mar. 2026, which is 34% above its 10-year median of 41.28. GuruFocus rates SHSE:603128 with a GF Score™ of 76/100 and a GF Value™ of ¥6.73 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 971 Transportation companies, CTS International Logistics ranks better than 60.14% on this metric.

CTS International Logistics's average Accounts Payable for the three months ended in Mar. 2026 was ¥2,358 Mil. CTS International Logistics's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥3,900 Mil. Hence, CTS International Logistics's Days Payable for the three months ended in Mar. 2026 was 55.17.

The historical rank and industry rank for CTS International Logistics's Days Payable or its related term are showing as below:

SHSE:603128' s Days Payable Range Over the Past 10 Years
Min: 33.11   Med: 41.28   Max: 49.78
Current: 49.29

During the past 13 years, CTS International Logistics's highest Days Payable was 49.78. The lowest was 33.11. And the median was 41.28.

SHSE:603128's Days Payable is ranked better than
60.14% of 971 companies
in the Transportation industry
Industry Median: 38.61 vs SHSE:603128: 49.29

CTS International Logistics's Days Payable increased from Mar. 2025 (52.16) to Mar. 2026 (55.17). It may suggest that CTS International Logistics delayed paying its suppliers.


CTS International Logistics Days Payable Historical Data

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The historical data trend for CTS International Logistics'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.

CTS International Logistics Days Payable Chart

CTS International Logistics 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 33.11 35.80 48.68 47.28 49.78

CTS International Logistics 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 52.16 46.52 46.87 51.79 55.17

SHSE:603128 vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, CTS International Logistics'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.


CTS International Logistics Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, CTS International Logistics's Days Payable distribution charts can be found below:

* The bar in red indicates where CTS International Logistics's Days Payable falls into.


SHSE:603128
76GF Score
CTS International Logistics Corp Ltd SHSE:603128
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CTS International Logistics 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.

CTS International Logistics'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
=( (2120.374 + 2339.168) / 2 ) / 16349.753*365
=2229.771 / 16349.753*365
=49.78

CTS International Logistics'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
=( (2339.168 + 2376.995) / 2 ) / 3900.277*365 / 4
=2358.0815 / 3900.277*365 / 4
=55.17

* 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 55.17 mean?
CTS International Logistics (SHSE:603128) has a Days Payable of 55.17 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 CTS International Logistics and its competitors. This is 34% above median its historical median of 41.28. Over the past decade, CTS International Logistics' Days Payable has ranged from 33.11 to 49.78. According to the industry distribution chart, CTS International Logistics ranks #387 out of 971 companies in the Transportation industry, placing it in the top 39.9%.
Is CTS International Logistics' Days Payable too high?
CTS International Logistics' current Days Payable of 55.17 is 34% above median its 10-year median of 41.28. Over the past 10 years, this metric has ranged from a low of 33.11 to a high of 49.78. The Transportation industry median Days Payable is 38.61. CTS International Logistics' value of 55.17 is 42.9% above this industry median. Based on the distribution chart, CTS International Logistics ranks #387 out of 971 companies in the Transportation industry, which is above the industry midpoint. Overall, CTS International Logistics has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CTS International Logistics' Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, CTS International Logistics ranks #387 out of 971 companies for Days Payable. This puts CTS International Logistics in the upper half of its industry. The industry median Days Payable is 38.61. CTS International Logistics' value of 55.17 is 42.9% above this benchmark. Historically, CTS International Logistics' own Days Payable has ranged from 33.11 to 49.78 over the past decade. While the company's 10-year median is 41.28 vs. the industry median of 38.61, CTS International Logistics 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 Transportation company?
The median Days Payable among Transportation companies is 38.61, based on 971 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. CTS International Logistics's current Days Payable of 55.17 is 42.9% 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 CTS International Logistics and its competitors. For the Transportation industry, the median Days Payable is 38.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTS International Logistics's current Days Payable is 55.17, which is 34% above median its own 10-year median of 41.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTS International Logistics stock overvalued right now?
Based on GuruFocus' analysis, CTS International Logistics (SHSE:603128) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.73, compared to a current price of ¥5.27 — trading 21.7% below its estimated fair value. The current Days Payable is 55.17, which is 34% above median its 10-year median of 41.28 and 42.9% above the Transportation industry median of 38.61. CTS International Logistics' overall GF Score™ is 76/100 with 7 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 CTS International Logistics (SHSE:603128), the current Days Payable is 55.17 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 CTS International Logistics (SHSE:603128) Overvalued in 2026?

Based on GuruFocus' analysis, CTS International Logistics stock appears to be undervalued. The current stock price of ¥5.27 is trading 21.7% below its estimated GF Value™ of ¥6.73. GuruFocus considers CTS International Logistics to be Modestly Undervalued.

Key valuation signals for SHSE:603128:

  • Days Payable: 55.17 (34% above median its 10-year median of 41.28)
  • GF Value™: ¥6.73 vs. price of ¥5.27 (21.7% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 42.9% above the Transportation median (#387 of 971)

No single metric tells the full story. See the SHSE:603128 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTS International Logistics Business Description

Address No. 338 Nanjing West Road, 20th Floor, Tianan Center, Shanghai, CHN, 200003
CTS International Logistics Corp Ltd provide one-stop integrated logistics and supply chain trade services for cross-border businesses, with international freight forwarding as its core business.
76GF Score

Get the complete analysis for SHSE:603128

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

¥5.27
Price
¥6.73
GF Value