Zhejiang Huangma Technology Co (SHSE:603181) Days Payable: 41.06 (As of Mar. 2026) — Near Median

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SHSE:603181 Zhejiang Huangma Technology Co Ltd SHSE:603181
87 GF Score
Price ¥13.17
GF Value ¥13.62
Valuation Fairly Valued
! 3 Warning Signs
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What is Zhejiang Huangma Technology Co Days Payable?

Zhejiang Huangma Technology Co SHSE:603181 +1.23% 87 Days Payable is 41.06 as of Mar. 2026, which is 8% below its 10-year median of 44.80. GuruFocus rates SHSE:603181 with a GF Score™ of 87/100 and a GF Value™ of ¥13.62 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,552 Chemicals companies, Zhejiang Huangma Technology Co ranks worse than 71.39% on this metric.

Zhejiang Huangma Technology Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥212 Mil. Zhejiang Huangma Technology Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥470 Mil. Hence, Zhejiang Huangma Technology Co's Days Payable for the three months ended in Mar. 2026 was 41.06.

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

SHSE:603181' s Days Payable Range Over the Past 10 Years
Min: 25.1   Med: 44.8   Max: 57.55
Current: 38.47

During the past 13 years, Zhejiang Huangma Technology Co's highest Days Payable was 57.55. The lowest was 25.10. And the median was 44.80.

SHSE:603181's Days Payable is ranked worse than
71.39% of 1552 companies
in the Chemicals industry
Industry Median: 59.645 vs SHSE:603181: 38.47

Zhejiang Huangma Technology Co's Days Payable increased from Mar. 2025 (40.82) to Mar. 2026 (41.06). It may suggest that Zhejiang Huangma Technology Co delayed paying its suppliers.


Zhejiang Huangma Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zhejiang Huangma 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.

Zhejiang Huangma Technology Co Days Payable Chart

Zhejiang Huangma 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 49.72 54.02 54.71 40.00 44.04

Zhejiang Huangma 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 40.82 38.27 32.45 41.21 41.06

SHSE:603181 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Zhejiang Huangma 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.


Zhejiang Huangma Technology Co Days Payable vs Chemicals Industry

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

* The bar in red indicates where Zhejiang Huangma Technology Co's Days Payable falls into.


SHSE:603181
87GF Score
Zhejiang Huangma Technology Co Ltd SHSE:603181
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Huangma 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.

Zhejiang Huangma 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
=( (203.344 + 224.801) / 2 ) / 1774.359*365
=214.0725 / 1774.359*365
=44.04

Zhejiang Huangma 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
=( (224.801 + 198.473) / 2 ) / 470.329*365 / 4
=211.637 / 470.329*365 / 4
=41.06

* 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 41.06 mean?
Zhejiang Huangma Technology Co (SHSE:603181) has a Days Payable of 41.06 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 Huangma Technology Co and its competitors. This is near median its historical median of 44.80. Over the past decade, Zhejiang Huangma Technology Co's Days Payable has ranged from 25.10 to 57.55. According to the industry distribution chart, Zhejiang Huangma Technology Co ranks #1108 out of 1552 companies in the Chemicals industry, placing it in the top 71.4%.
Is Zhejiang Huangma Technology Co's Days Payable too high?
Zhejiang Huangma Technology Co's current Days Payable of 41.06 is near median its 10-year median of 44.80. Over the past 10 years, this metric has ranged from a low of 25.10 to a high of 57.55. The Chemicals industry median Days Payable is 59.65. Zhejiang Huangma Technology Co's value of 41.06 is 31.2% below this industry median. Based on the distribution chart, Zhejiang Huangma Technology Co ranks #1108 out of 1552 companies in the Chemicals industry, which is below the industry midpoint. Overall, Zhejiang Huangma Technology Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Huangma Technology Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Zhejiang Huangma Technology Co ranks #1108 out of 1552 companies for Days Payable. This places Zhejiang Huangma Technology Co in the lower half of its industry. The industry median Days Payable is 59.65. Zhejiang Huangma Technology Co's value of 41.06 is 31.2% below this benchmark. Historically, Zhejiang Huangma Technology Co's own Days Payable has ranged from 25.10 to 57.55 over the past decade. While the company's 10-year median is 44.80 vs. the industry median of 59.65, Zhejiang Huangma 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 59.65, based on 1,552 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 Huangma Technology Co's current Days Payable of 41.06 is 31.2% 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 Huangma Technology Co and its competitors. For the Chemicals industry, the median Days Payable is 59.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Huangma Technology Co's current Days Payable is 41.06, which is near median its own 10-year median of 44.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Huangma Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Huangma Technology Co (SHSE:603181) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.62, compared to a current price of ¥13.17 — trading 3.3% below its estimated fair value. The current Days Payable is 41.06, which is near median its 10-year median of 44.80 and 31.2% below the Chemicals industry median of 59.65. Zhejiang Huangma Technology Co's overall GF Score™ is 87/100 with 3 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 Huangma Technology Co (SHSE:603181), the current Days Payable is 41.06 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 Huangma Technology Co (SHSE:603181) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Huangma Technology Co stock appears to be undervalued. The current stock price of ¥13.17 is trading 3.3% below its estimated GF Value™ of ¥13.62. GuruFocus considers Zhejiang Huangma Technology Co to be Fairly Valued.

Key valuation signals for SHSE:603181:

  • Days Payable: 41.06 (near median its 10-year median of 44.80)
  • GF Value™: ¥13.62 vs. price of ¥13.17 (3.3% below fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 31.2% below the Chemicals median (#1108 of 1552)

No single metric tells the full story. See the SHSE:603181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Huangma Technology Co Business Description

Address Zhangzhen Industrial New District, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363
Zhejiang Huangma Technology Co Ltd is focused on the development, production and sales of speciality surfactants. Its product offering includes more than 1,200 products in the chemical fibre Oil olate, printing and textile auxiliaries plate, lubricant and metalworking fluids plate, water reducing agent plate, coating plate, silicones surfactant plate, pesticide auxiliary plate, water treatment plate, personal care plate and other surfactant plates. The products are widely applied to silicone, lubricants and metal processing, environmentally friendly coatings, composite new materials, special fibres, agrochemical additives and other downstream areas.
87GF Score

Get the complete analysis for SHSE:603181

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

¥13.17
Price
¥13.62
GF Value