Chongqing Wangbian Electric (Group)Corp (SHSE:603191) Days Payable: 174.77 (As of Mar. 2026) — 66% Above Median


SHSE:603191 Chongqing Wangbian Electric (Group)Corp Ltd SHSE:603191
76 GF Score
Price ¥14.29
GF Value ¥22.29
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Chongqing Wangbian Electric (Group)Corp Days Payable?

Chongqing Wangbian Electric (Group)Corp SHSE:603191 -3.77% 76 Days Payable is 174.77 as of Mar. 2026, which is 66% above its 10-year median of 105.26. GuruFocus rates SHSE:603191 with a GF Score™ of 76/100 and a GF Value™ of ¥22.29 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,987 Industrial Products companies, Chongqing Wangbian Electric (Group)Corp ranks better than 77.23% on this metric.

Chongqing Wangbian Electric (Group)Corp's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,530 Mil. Chongqing Wangbian Electric (Group)Corp's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥799 Mil. Hence, Chongqing Wangbian Electric (Group)Corp's Days Payable for the three months ended in Mar. 2026 was 174.77.

The historical rank and industry rank for Chongqing Wangbian Electric (Group)Corp's Days Payable or its related term are showing as below:

SHSE:603191' s Days Payable Range Over the Past 10 Years
Min: 78.5   Med: 105.26   Max: 163.15
Current: 154.01

During the past 13 years, Chongqing Wangbian Electric (Group)Corp's highest Days Payable was 163.15. The lowest was 78.50. And the median was 105.26.

SHSE:603191's Days Payable is ranked better than
77.23% of 2987 companies
in the Industrial Products industry
Industry Median: 78.05 vs SHSE:603191: 154.01

Chongqing Wangbian Electric (Group)Corp's Days Payable declined from Mar. 2025 (195.16) to Mar. 2026 (174.77). It may suggest that Chongqing Wangbian Electric (Group)Corp accelerated paying its suppliers.


Chongqing Wangbian Electric (Group)Corp Days Payable Related Terms


Chongqing Wangbian Electric (Group)Corp Days Payable Historical Data

* Premium members only.

The historical data trend for Chongqing Wangbian Electric (Group)Corp'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.

Chongqing Wangbian Electric (Group)Corp Days Payable Chart

Chongqing Wangbian Electric (Group)Corp 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 83.76 89.64 130.36 157.37 163.15

Chongqing Wangbian Electric (Group)Corp 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 195.16 142.84 176.05 137.08 174.77

SHSE:603191 vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Chongqing Wangbian Electric (Group)Corp'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.


Chongqing Wangbian Electric (Group)Corp Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Wangbian Electric (Group)Corp's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Wangbian Electric (Group)Corp's Days Payable falls into.


SHSE:603191
76GF Score
Chongqing Wangbian Electric (Group)Corp Ltd SHSE:603191
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chongqing Wangbian Electric (Group)Corp 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.

Chongqing Wangbian Electric (Group)Corp'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
=( (1480.151 + 1622.151) / 2 ) / 3470.189*365
=1551.151 / 3470.189*365
=163.15

Chongqing Wangbian Electric (Group)Corp'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
=( (1622.151 + 1437.802) / 2 ) / 798.809*365 / 4
=1529.9765 / 798.809*365 / 4
=174.77

* 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 174.77 mean?
Chongqing Wangbian Electric (Group)Corp (SHSE:603191) has a Days Payable of 174.77 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 Chongqing Wangbian Electric (Group)Corp and its competitors. This is 66% above median its historical median of 105.26. Over the past decade, Chongqing Wangbian Electric (Group)Corp's Days Payable has ranged from 78.50 to 163.15. According to the industry distribution chart, Chongqing Wangbian Electric (Group)Corp ranks #680 out of 2987 companies in the Industrial Products industry, placing it in the top 22.8%.
Is Chongqing Wangbian Electric (Group)Corp's Days Payable too high?
Chongqing Wangbian Electric (Group)Corp's current Days Payable of 174.77 is 66% above median its 10-year median of 105.26. Over the past 10 years, this metric has ranged from a low of 78.50 to a high of 163.15. The Industrial Products industry median Days Payable is 78.05. Chongqing Wangbian Electric (Group)Corp's value of 174.77 is 123.9% above this industry median. Based on the distribution chart, Chongqing Wangbian Electric (Group)Corp ranks #680 out of 2987 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Wangbian Electric (Group)Corp has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chongqing Wangbian Electric (Group)Corp's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Chongqing Wangbian Electric (Group)Corp ranks #680 out of 2987 companies for Days Payable. This places Chongqing Wangbian Electric (Group)Corp in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.05. Chongqing Wangbian Electric (Group)Corp's value of 174.77 is 123.9% above this benchmark. Historically, Chongqing Wangbian Electric (Group)Corp's own Days Payable has ranged from 78.50 to 163.15 over the past decade. While the company's 10-year median is 105.26 vs. the industry median of 78.05, Chongqing Wangbian Electric (Group)Corp 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 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. Chongqing Wangbian Electric (Group)Corp's current Days Payable of 174.77 is 123.9% 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 Chongqing Wangbian Electric (Group)Corp and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Wangbian Electric (Group)Corp's current Days Payable is 174.77, which is 66% above median its own 10-year median of 105.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Wangbian Electric (Group)Corp stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Wangbian Electric (Group)Corp (SHSE:603191) is currently considered Possible Value Trap. The stock's GF Value™ is ¥22.29, compared to a current price of ¥14.29 — trading 35.9% below its estimated fair value. The current Days Payable is 174.77, which is 66% above median its 10-year median of 105.26 and 123.9% above the Industrial Products industry median of 78.05. Chongqing Wangbian Electric (Group)Corp's 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 Chongqing Wangbian Electric (Group)Corp (SHSE:603191), the current Days Payable is 174.77 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 Chongqing Wangbian Electric (Group)Corp (SHSE:603191) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Wangbian Electric (Group)Corp stock appears to be undervalued. The current stock price of ¥14.29 is trading 35.9% below its estimated GF Value™ of ¥22.29. GuruFocus considers Chongqing Wangbian Electric (Group)Corp to be Possible Value Trap.

Key valuation signals for SHSE:603191:

  • Days Payable: 174.77 (66% above median its 10-year median of 105.26)
  • GF Value™: ¥22.29 vs. price of ¥14.29 (35.9% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 123.9% above the Industrial Products median (#680 of 2987)

No single metric tells the full story. See the SHSE:603191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Wangbian Electric (Group)Corp Business Description

Address No. 10, Qixin East Road, Yanjia Street, Changshou District, Chongqing, CHN, 401220
Chongqing Wangbian Electric (Group)Corp Ltd is engaged in the research and development, production and sales of power transmission and distribution and control equipment and grain-oriented silicon steel.
76GF Score

Get the complete analysis for SHSE:603191

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

¥14.29
Price
¥22.29
GF Value