Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) Days Payable: 50.16 (As of Mar. 2026) — 32% 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:603165 Zhejiang Rongsheng Environmental Protection Paper Co Ltd SHSE:603165
71 GF Score
Price ¥13.18
GF Value ¥12.91
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Zhejiang Rongsheng Environmental Protection Paper Co Days Payable?

Zhejiang Rongsheng Environmental Protection Paper Co SHSE:603165 -3.44% 71 Days Payable is 50.16 as of Mar. 2026, which is 32% above its 10-year median of 38.00. GuruFocus rates SHSE:603165 with a GF Score™ of 71/100 and a GF Value™ of ¥12.91 (Fairly Valued). The stock has 9 warning signs investors should review. Among 381 Packaging & Containers companies, Zhejiang Rongsheng Environmental Protection Paper Co ranks worse than 51.18% on this metric.

Zhejiang Rongsheng Environmental Protection Paper Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥268 Mil. Zhejiang Rongsheng Environmental Protection Paper Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥488 Mil. Hence, Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable for the three months ended in Mar. 2026 was 50.16.

The historical rank and industry rank for Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable or its related term are showing as below:

SHSE:603165' s Days Payable Range Over the Past 10 Years
Min: 26.77   Med: 38   Max: 70.23
Current: 56.47

During the past 13 years, Zhejiang Rongsheng Environmental Protection Paper Co's highest Days Payable was 70.23. The lowest was 26.77. And the median was 38.00.

SHSE:603165's Days Payable is ranked worse than
51.18% of 381 companies
in the Packaging & Containers industry
Industry Median: 57.27 vs SHSE:603165: 56.47

Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable declined from Mar. 2025 (84.26) to Mar. 2026 (50.16). It may suggest that Zhejiang Rongsheng Environmental Protection Paper Co accelerated paying its suppliers.


Zhejiang Rongsheng Environmental Protection Paper Co Days Payable Related Terms


Zhejiang Rongsheng Environmental Protection Paper Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zhejiang Rongsheng Environmental Protection Paper 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 Rongsheng Environmental Protection Paper Co Days Payable Chart

Zhejiang Rongsheng Environmental Protection Paper 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 30.16 31.10 44.19 69.97 70.23

Zhejiang Rongsheng Environmental Protection Paper 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 84.26 65.87 60.26 50.64 50.16

SHSE:603165 vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Zhejiang Rongsheng Environmental Protection Paper 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 Rongsheng Environmental Protection Paper Co Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable falls into.


SHSE:603165
71GF Score
Zhejiang Rongsheng Environmental Protection Paper Co Ltd SHSE:603165
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Rongsheng Environmental Protection Paper 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 Rongsheng Environmental Protection Paper 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
=( (476.144 + 286.334) / 2 ) / 1981.298*365
=381.239 / 1981.298*365
=70.23

Zhejiang Rongsheng Environmental Protection Paper 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
=( (286.334 + 250.639) / 2 ) / 488.447*365 / 4
=268.4865 / 488.447*365 / 4
=50.16

* 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 50.16 mean?
Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) has a Days Payable of 50.16 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 Rongsheng Environmental Protection Paper Co and its competitors. This is 32% above median its historical median of 38.00. Over the past decade, Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable has ranged from 26.77 to 70.23. According to the industry distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #195 out of 381 companies in the Packaging & Containers industry, placing it in the top 51.2%.
Is Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable too high?
Zhejiang Rongsheng Environmental Protection Paper Co's current Days Payable of 50.16 is 32% above median its 10-year median of 38.00. Over the past 10 years, this metric has ranged from a low of 26.77 to a high of 70.23. The Packaging & Containers industry median Days Payable is 57.27. Zhejiang Rongsheng Environmental Protection Paper Co's value of 50.16 is 12.4% below this industry median. Based on the distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #195 out of 381 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Zhejiang Rongsheng Environmental Protection Paper Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongsheng Environmental Protection Paper Co's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #195 out of 381 companies for Days Payable. This places Zhejiang Rongsheng Environmental Protection Paper Co in the lower half of its industry. The industry median Days Payable is 57.27. Zhejiang Rongsheng Environmental Protection Paper Co's value of 50.16 is 12.4% below this benchmark. Historically, Zhejiang Rongsheng Environmental Protection Paper Co's own Days Payable has ranged from 26.77 to 70.23 over the past decade. While the company's 10-year median is 38.00 vs. the industry median of 57.27, Zhejiang Rongsheng Environmental Protection Paper 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 381 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 Rongsheng Environmental Protection Paper Co's current Days Payable of 50.16 is 12.4% 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 Zhejiang Rongsheng Environmental Protection Paper Co and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongsheng Environmental Protection Paper Co's current Days Payable is 50.16, which is 32% above median its own 10-year median of 38.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongsheng Environmental Protection Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.91, compared to a current price of ¥13.18 — trading 2.1% above its estimated fair value. The current Days Payable is 50.16, which is 32% above median its 10-year median of 38.00 and 12.4% below the Packaging & Containers industry median of 57.27. Zhejiang Rongsheng Environmental Protection Paper Co's overall GF Score™ is 71/100 with 9 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 Rongsheng Environmental Protection Paper Co (SHSE:603165), the current Days Payable is 50.16 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 Rongsheng Environmental Protection Paper Co (SHSE:603165) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Rongsheng Environmental Protection Paper Co stock appears to be overvalued. The current stock price of ¥13.18 is trading 2.1% above its estimated GF Value™ of ¥12.91. GuruFocus considers Zhejiang Rongsheng Environmental Protection Paper Co to be Fairly Valued.

Key valuation signals for SHSE:603165:

  • Days Payable: 50.16 (32% above median its 10-year median of 38.00)
  • GF Value™: ¥12.91 vs. price of ¥13.18 (2.1% above fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 12.4% below the Packaging & Containers median (#195 of 381)

No single metric tells the full story. See the SHSE:603165 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Rongsheng Environmental Protection Paper Co Business Description

Address No. 588, Zhennan East Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN, 314213
Zhejiang Rongsheng Environmental Protection Paper Co Ltd is engaged in manufacturing of paper and paper products. Its products include kraft liner board, corrugated cardboard and packaging product.
71GF Score

Get the complete analysis for SHSE:603165

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

¥13.18
Price
¥12.91
GF Value