Chongqing Zhixin Industrial Co (SHSE:603352) Days Payable: 120.85 (As of Mar. 2026) — 22% Above Median

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SHSE:603352 Chongqing Zhixin Industrial Co Ltd SHSE:603352
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What is Chongqing Zhixin Industrial Co Days Payable?

Chongqing Zhixin Industrial Co SHSE:603352 +0.29% 9 Days Payable is 120.85 as of Mar. 2026, which is 22% above its 10-year median of 98.91. GuruFocus rates SHSE:603352 with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Chongqing Zhixin Industrial Co ranks better than 64.7% on this metric.

Chongqing Zhixin Industrial Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥781 Mil. Chongqing Zhixin Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥590 Mil. Hence, Chongqing Zhixin Industrial Co's Days Payable for the three months ended in Mar. 2026 was 120.85.

The historical rank and industry rank for Chongqing Zhixin Industrial Co's Days Payable or its related term are showing as below:

SHSE:603352' s Days Payable Range Over the Past 10 Years
Min: 86.45   Med: 98.91   Max: 130.73
Current: 90.07

During the past 4 years, Chongqing Zhixin Industrial Co's highest Days Payable was 130.73. The lowest was 86.45. And the median was 98.91.

SHSE:603352's Days Payable is ranked better than
64.7% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs SHSE:603352: 90.07

Chongqing Zhixin Industrial Co's Days Payable increased from Mar. 2025 (91.71) to Mar. 2026 (120.85). It may suggest that Chongqing Zhixin Industrial Co delayed paying its suppliers.


Chongqing Zhixin Industrial Co Days Payable Historical Data

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The historical data trend for Chongqing Zhixin Industrial 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.

Chongqing Zhixin Industrial Co Days Payable Chart

Chongqing Zhixin Industrial Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
130.73 104.61 93.20 86.45

Chongqing Zhixin Industrial Co Quarterly Data
Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 91.71 105.01 85.34 71.55 120.85

SHSE:603352 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Chongqing Zhixin Industrial 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.


Chongqing Zhixin Industrial Co Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Zhixin Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Zhixin Industrial Co's Days Payable falls into.


SHSE:603352
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Chongqing Zhixin Industrial Co Ltd SHSE:603352
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Zhixin Industrial 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.

Chongqing Zhixin Industrial 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
=( (656.048 + 897.294) / 2 ) / 3278.995*365
=776.671 / 3278.995*365
=86.45

Chongqing Zhixin Industrial 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
=( (897.294 + 665.529) / 2 ) / 590.023*365 / 4
=781.4115 / 590.023*365 / 4
=120.85

* 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 120.85 mean?
Chongqing Zhixin Industrial Co (SHSE:603352) has a Days Payable of 120.85 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 Zhixin Industrial Co and its competitors. This is 22% above median its historical median of 98.91. Over the past decade, Chongqing Zhixin Industrial Co's Days Payable has ranged from 86.45 to 130.73. According to the industry distribution chart, Chongqing Zhixin Industrial Co ranks #461 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 35.3%.
Is Chongqing Zhixin Industrial Co's Days Payable too high?
Chongqing Zhixin Industrial Co's current Days Payable of 120.85 is 22% above median its 10-year median of 98.91. Over the past 10 years, this metric has ranged from a low of 86.45 to a high of 130.73. The Vehicles & Parts industry median Days Payable is 67.14. Chongqing Zhixin Industrial Co's value of 120.85 is 80% above this industry median. Based on the distribution chart, Chongqing Zhixin Industrial Co ranks #461 out of 1306 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Chongqing Zhixin Industrial Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Chongqing Zhixin Industrial Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chongqing Zhixin Industrial Co ranks #461 out of 1306 companies for Days Payable. This puts Chongqing Zhixin Industrial Co in the upper half of its industry. The industry median Days Payable is 67.14. Chongqing Zhixin Industrial Co's value of 120.85 is 80% above this benchmark. Historically, Chongqing Zhixin Industrial Co's own Days Payable has ranged from 86.45 to 130.73 over the past decade. While the company's 10-year median is 98.91 vs. the industry median of 67.14, Chongqing Zhixin Industrial 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 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 Zhixin Industrial Co's current Days Payable of 120.85 is 80% 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 Zhixin Industrial Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Zhixin Industrial Co's current Days Payable is 120.85, which is 22% above median its own 10-year median of 98.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Zhixin Industrial Co stock overvalued right now?
Chongqing Zhixin Industrial Co (SHSE:603352) has a current Days Payable of 120.85. The current Days Payable is 120.85, which is 22% above median its 10-year median of 98.91 and 80% above the Vehicles & Parts industry median of 67.14. Chongqing Zhixin Industrial Co's overall GF Score™ is 9/100 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 Chongqing Zhixin Industrial Co (SHSE:603352), the current Days Payable is 120.85 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.

Chongqing Zhixin Industrial Co Business Description

Address No. 29, Changhui Road, Yuzui Town, Jiangbei District, Chongqing, CHN, 401133
Chongqing Zhixin Industrial Co Ltd is engaged in the development, processing, production, and sale of automotive stamping and welded components, as well as related molds. Its business scope includes the manufacturing and sale of mechanical molds, automotive parts, rubber and plastic products, and Class I medical equipment.
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