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Zhejiang Meilun Elevator CoSHSE:603321 +0.88%58 Days Payable is 371.29 as of Mar. 2026, which is 79% above its 10-year median of 207.67. GuruFocus rates SHSE:603321 with a GF Score™ of 58/100 and a GF Value™ of ¥5.23 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,995 Industrial Products companies, Zhejiang Meilun Elevator Co ranks better than 92.35% on this metric.
The historical rank and industry rank for Zhejiang Meilun Elevator Co's Days Payable or its related term are showing as below:
SHSE:603321'
s Days Payable Range Over the Past 10 Years
Min: 152.06 Med: 207.67 Max: 309.01
Current: 261.54
During the past 13 years, Zhejiang Meilun Elevator Co's highest Days Payable was 309.01. The lowest was 152.06. And the median was 207.67.
SHSE:603321's Days Payable is ranked better than 92.35% of 2995
companies
in the Industrial Products industry
Industry Median: 78.05
vs SHSE:603321: 261.54
* 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.
SHSE:603321 vs GEV, ETN, PH: Days Payable Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Meilun Elevator 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 Meilun Elevator Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Meilun Elevator Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Zhejiang Meilun Elevator Co's Days Payable falls into.
Zhejiang Meilun Elevator 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.
Zhejiang Meilun Elevator Co (SHSE:603321) has a Days Payable of 371.29 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 Meilun Elevator Co and its competitors. This is 79% above median its historical median of 207.67. Over the past decade, Zhejiang Meilun Elevator Co's Days Payable has ranged from 152.06 to 309.01. According to the industry distribution chart, Zhejiang Meilun Elevator Co ranks #229 out of 2995 companies in the Industrial Products industry, placing it in the top 7.6%.
Is Zhejiang Meilun Elevator Co's Days Payable too high?
Zhejiang Meilun Elevator Co's current Days Payable of 371.29 is 79% above median its 10-year median of 207.67. Over the past 10 years, this metric has ranged from a low of 152.06 to a high of 309.01. The Industrial Products industry median Days Payable is 78.05. Zhejiang Meilun Elevator Co's value of 371.29 is 375.7% above this industry median. Based on the distribution chart, Zhejiang Meilun Elevator Co ranks #229 out of 2995 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Meilun Elevator Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Meilun Elevator Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Meilun Elevator Co ranks #229 out of 2995 companies for Days Payable. This places Zhejiang Meilun Elevator Co in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.05. Zhejiang Meilun Elevator Co's value of 371.29 is 375.7% above this benchmark. Historically, Zhejiang Meilun Elevator Co's own Days Payable has ranged from 152.06 to 309.01 over the past decade. While the company's 10-year median is 207.67 vs. the industry median of 78.05, Zhejiang Meilun Elevator 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,995 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 Meilun Elevator Co's current Days Payable of 371.29 is 375.7% 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 Zhejiang Meilun Elevator Co 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. Zhejiang Meilun Elevator Co's current Days Payable is 371.29, which is 79% above median its own 10-year median of 207.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Meilun Elevator Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co (SHSE:603321) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.23, compared to a current price of ¥5.74 — trading 9.8% above its estimated fair value. The current Days Payable is 371.29, which is 79% above median its 10-year median of 207.67 and 375.7% above the Industrial Products industry median of 78.05. Zhejiang Meilun Elevator Co's overall GF Score™ is 58/100 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 Zhejiang Meilun Elevator Co (SHSE:603321), the current Days Payable is 371.29 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 Meilun Elevator Co (SHSE:603321) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co stock appears to be overvalued.
The current stock price of ¥5.74 is trading 9.8% above its estimated GF Value™ of ¥5.23.
GuruFocus considers Zhejiang Meilun Elevator Co to be Fairly Valued.
Key valuation signals for SHSE:603321:
Days Payable: 371.29 (79% above median its 10-year median of 207.67)
GF Value™: ¥5.23 vs. price of ¥5.74 (9.8% above fair value)
Industry Position: 375.7% above the Industrial Products median (#229 of 2995)
No single metric tells the full story. See the SHSE:603321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways, and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages, and accessories. The products are widely used in residential areas, shopping malls, hotels, and public facilities.
58GF Score
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