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HangZhou Nbond Nonwovens CoSHSE:603238 +0.35%63 Days Payable is 226.51 as of Mar. 2026, which is 63% above its 10-year median of 139.08. GuruFocus rates SHSE:603238 with a GF Score™ of 63/100 and a GF Value™ of ¥20.56 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,021 Manufacturing - Apparel & Accessories companies, HangZhou Nbond Nonwovens Co ranks better than 90.21% on this metric.
The historical rank and industry rank for HangZhou Nbond Nonwovens Co's Days Payable or its related term are showing as below:
SHSE:603238'
s Days Payable Range Over the Past 10 Years
Min: 30.36 Med: 139.08 Max: 174.78
Current: 174.78
During the past 13 years, HangZhou Nbond Nonwovens Co's highest Days Payable was 174.78. The lowest was 30.36. And the median was 139.08.
SHSE:603238's Days Payable is ranked better than 90.21% of 1021
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.6
vs SHSE:603238: 174.78
* 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.
HangZhou Nbond Nonwovens Co Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.
HangZhou Nbond Nonwovens Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's Days Payable distribution charts can be found below:
* The bar in red indicates where HangZhou Nbond Nonwovens Co's Days Payable falls into.
HangZhou Nbond Nonwovens 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.
HangZhou Nbond Nonwovens Co (SHSE:603238) has a Days Payable of 226.51 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 HangZhou Nbond Nonwovens Co and its competitors. This is 63% above median its historical median of 139.08. Over the past decade, HangZhou Nbond Nonwovens Co's Days Payable has ranged from 30.36 to 174.78. According to the industry distribution chart, HangZhou Nbond Nonwovens Co ranks #100 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9.8%.
Is HangZhou Nbond Nonwovens Co's Days Payable too high?
HangZhou Nbond Nonwovens Co's current Days Payable of 226.51 is 63% above median its 10-year median of 139.08. Over the past 10 years, this metric has ranged from a low of 30.36 to a high of 174.78. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.60. HangZhou Nbond Nonwovens Co's value of 226.51 is 314.9% above this industry median. Based on the distribution chart, HangZhou Nbond Nonwovens Co ranks #100 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, HangZhou Nbond Nonwovens Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HangZhou Nbond Nonwovens Co's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, HangZhou Nbond Nonwovens Co ranks #100 out of 1021 companies for Days Payable. This places HangZhou Nbond Nonwovens Co in the top 10% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.60. HangZhou Nbond Nonwovens Co's value of 226.51 is 314.9% above this benchmark. Historically, HangZhou Nbond Nonwovens Co's own Days Payable has ranged from 30.36 to 174.78 over the past decade. While the company's 10-year median is 139.08 vs. the industry median of 54.60, HangZhou Nbond Nonwovens 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.60, based on 1,021 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. HangZhou Nbond Nonwovens Co's current Days Payable of 226.51 is 314.9% 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 HangZhou Nbond Nonwovens Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HangZhou Nbond Nonwovens Co's current Days Payable is 226.51, which is 63% above median its own 10-year median of 139.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HangZhou Nbond Nonwovens Co stock overvalued right now?
Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co (SHSE:603238) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥20.56, compared to a current price of ¥11.58 — trading 43.7% below its estimated fair value. The current Days Payable is 226.51, which is 63% above median its 10-year median of 139.08 and 314.9% above the Manufacturing - Apparel & Accessories industry median of 54.60. HangZhou Nbond Nonwovens Co's overall GF Score™ is 63/100 with 4 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 HangZhou Nbond Nonwovens Co (SHSE:603238), the current Days Payable is 226.51 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 HangZhou Nbond Nonwovens Co (SHSE:603238) Overvalued in 2026?
Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co stock appears to be undervalued.
The current stock price of ¥11.58 is trading 43.7% below its estimated GF Value™ of ¥20.56.
GuruFocus considers HangZhou Nbond Nonwovens Co to be Significantly Undervalued.
Key valuation signals for SHSE:603238:
Days Payable: 226.51 (63% above median its 10-year median of 139.08)
GF Value™: ¥20.56 vs. price of ¥11.58 (43.7% below fair value)
Industry Position: 314.9% above the Manufacturing - Apparel & Accessories median (#100 of 1021)
No single metric tells the full story. See the SHSE:603238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HangZhou Nbond Nonwovens Co Ltd is a China-based company engages in the production and sale of non-woven fabrics. The Company is a company specializing in the research and development, production and sales of differentiated and personalized spunlace nonwoven materials and their products. The spunlace nonwoven materials produced by the Company are mainly used in four product areas: beauty care, industrial materials, civil cleaning, and medical materials. The Company's products are divided into two categories: spunlace nonwoven materials and spunlace nonwoven material products.
63GF Score
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