Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Days Payable: 148.85 (As of Mar. 2026) — 34% Above Median

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SHSE:603369 Jiangsu King's Luck Brewery Joint-Stock Co Ltd SHSE:603369
94 GF Score
Price ¥27.62
GF Value ¥39.82
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Jiangsu King's Luck Brewery Joint-Stock Co Days Payable?

Jiangsu King's Luck Brewery Joint-Stock Co SHSE:603369 +2.18% 94 Days Payable is 148.85 as of Mar. 2026, which is 34% above its 10-year median of 110.79. GuruFocus rates SHSE:603369 with a GF Score™ of 94/100 and a GF Value™ of ¥39.82 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 201 Beverages - Alcoholic companies, Jiangsu King's Luck Brewery Joint-Stock Co ranks better than 91.54% on this metric.

Jiangsu King's Luck Brewery Joint-Stock Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,805 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥1,107 Mil. Hence, Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable for the three months ended in Mar. 2026 was 148.85.

The historical rank and industry rank for Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable or its related term are showing as below:

SHSE:603369' s Days Payable Range Over the Past 10 Years
Min: 58.04   Med: 110.79   Max: 325.3
Current: 325.3

During the past 13 years, Jiangsu King's Luck Brewery Joint-Stock Co's highest Days Payable was 325.30. The lowest was 58.04. And the median was 110.79.

SHSE:603369's Days Payable is ranked better than
91.54% of 201 companies
in the Beverages - Alcoholic industry
Industry Median: 81.26 vs SHSE:603369: 325.30

Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable increased from Mar. 2025 (139.35) to Mar. 2026 (148.85). It may suggest that Jiangsu King's Luck Brewery Joint-Stock Co delayed paying its suppliers.


Jiangsu King's Luck Brewery Joint-Stock Co Days Payable Related Terms


Jiangsu King's Luck Brewery Joint-Stock Co Days Payable Historical Data

* Premium members only.

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock Co Days Payable Chart

Jiangsu King's Luck Brewery Joint-Stock 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 122.78 163.31 187.87 191.07 264.52

Jiangsu King's Luck Brewery Joint-Stock 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 139.35 436.62 453.19 643.12 148.85

SHSE:603369 vs BF.B: Days Payable Comparison

For the Beverages - Wineries & Distilleries subindustry, Jiangsu King's Luck Brewery Joint-Stock 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.


Jiangsu King's Luck Brewery Joint-Stock Co Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable falls into.


SHSE:603369
94GF Score
Jiangsu King's Luck Brewery Joint-Stock Co Ltd SHSE:603369
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock 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
=( (1882.351 + 1917.572) / 2 ) / 2621.714*365
=1899.9615 / 2621.714*365
=264.52

Jiangsu King's Luck Brewery Joint-Stock 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
=( (1917.572 + 1692.487) / 2 ) / 1106.519*365 / 4
=1805.0295 / 1106.519*365 / 4
=148.85

* 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 148.85 mean?
Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) has a Days Payable of 148.85 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 Jiangsu King's Luck Brewery Joint-Stock Co and its competitors. This is 34% above median its historical median of 110.79. Over the past decade, Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable has ranged from 58.04 to 325.30. According to the industry distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #17 out of 201 companies in the Beverages - Alcoholic industry, placing it in the top 8.5%.
Is Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable too high?
Jiangsu King's Luck Brewery Joint-Stock Co's current Days Payable of 148.85 is 34% above median its 10-year median of 110.79. Over the past 10 years, this metric has ranged from a low of 58.04 to a high of 325.30. The Beverages - Alcoholic industry median Days Payable is 81.26. Jiangsu King's Luck Brewery Joint-Stock Co's value of 148.85 is 83.2% above this industry median. Based on the distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #17 out of 201 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu King's Luck Brewery Joint-Stock Co has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu King's Luck Brewery Joint-Stock Co's Days Payable compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #17 out of 201 companies for Days Payable. This places Jiangsu King's Luck Brewery Joint-Stock Co in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 81.26. Jiangsu King's Luck Brewery Joint-Stock Co's value of 148.85 is 83.2% above this benchmark. Historically, Jiangsu King's Luck Brewery Joint-Stock Co's own Days Payable has ranged from 58.04 to 325.30 over the past decade. While the company's 10-year median is 110.79 vs. the industry median of 81.26, Jiangsu King's Luck Brewery Joint-Stock 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 81.26, based on 201 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. Jiangsu King's Luck Brewery Joint-Stock Co's current Days Payable of 148.85 is 83.2% 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 Jiangsu King's Luck Brewery Joint-Stock Co and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 81.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu King's Luck Brewery Joint-Stock Co's current Days Payable is 148.85, which is 34% above median its own 10-year median of 110.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu King's Luck Brewery Joint-Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥39.82, compared to a current price of ¥27.62 — trading 30.6% below its estimated fair value. The current Days Payable is 148.85, which is 34% above median its 10-year median of 110.79 and 83.2% above the Beverages - Alcoholic industry median of 81.26. Jiangsu King's Luck Brewery Joint-Stock Co's overall GF Score™ is 94/100 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 Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369), the current Days Payable is 148.85 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.

Is Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu King's Luck Brewery Joint-Stock Co stock appears to be undervalued. The current stock price of ¥27.62 is trading 30.6% below its estimated GF Value™ of ¥39.82. GuruFocus considers Jiangsu King's Luck Brewery Joint-Stock Co to be Significantly Undervalued.

Key valuation signals for SHSE:603369:

  • Days Payable: 148.85 (34% above median its 10-year median of 110.79)
  • GF Value™: ¥39.82 vs. price of ¥27.62 (30.6% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 83.2% above the Beverages - Alcoholic median (#17 of 201)

No single metric tells the full story. See the SHSE:603369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu King's Luck Brewery Joint-Stock Co Business Description

Address No. 1, Jinshiyuan Avenue, Gaogou Town, Lianshui County, Jiangsu Province, Huaian, CHN, 223411
Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engaged in the manufacturing and distribution of liquor. The company markets its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It also offers pre-packaged food. The company conducts its business mainly within Jiangsu province.
94GF Score

Get the complete analysis for SHSE:603369

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

¥27.62
Price
¥39.82
GF Value