Daming Electronics Co (SHSE:603376) Days Payable: 117.98 (As of Mar. 2026) — 10% Below Median

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SHSE:603376 Daming Electronics Co Ltd SHSE:603376
49 GF Score
Price ¥25.84
! 4 Warning Signs
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What is Daming Electronics Co Days Payable?

Daming Electronics Co SHSE:603376 -2.34% 49 Days Payable is 117.98 as of Mar. 2026, which is 10% below its 10-year median of 130.77. GuruFocus rates SHSE:603376 with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Daming Electronics Co ranks better than 63.3% on this metric.

Daming Electronics Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥564 Mil. Daming Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥436 Mil. Hence, Daming Electronics Co's Days Payable for the three months ended in Mar. 2026 was 117.98.

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

SHSE:603376' s Days Payable Range Over the Past 10 Years
Min: 88   Med: 130.77   Max: 180.84
Current: 88

During the past 7 years, Daming Electronics Co's highest Days Payable was 180.84. The lowest was 88.00. And the median was 130.77.

SHSE:603376's Days Payable is ranked better than
63.3% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 67.085 vs SHSE:603376: 88.00

Daming Electronics Co's Days Payable declined from Mar. 2025 (133.50) to Mar. 2026 (117.98). It may suggest that Daming Electronics Co accelerated paying its suppliers.


Daming Electronics Co Days Payable Historical Data

* Premium members only.

The historical data trend for Daming Electronics 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.

Daming Electronics Co Days Payable Chart

Daming Electronics Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 130.77 132.71 118.24 101.82 91.51

Daming Electronics Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 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 133.50 91.65 95.70 72.69 117.98

SHSE:603376 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Daming Electronics 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.


Daming Electronics Co Days Payable vs Vehicles & Parts Industry

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

* The bar in red indicates where Daming Electronics Co's Days Payable falls into.


SHSE:603376
49GF Score
Daming Electronics Co Ltd SHSE:603376
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Daming Electronics 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.

Daming Electronics 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
=( (635.262 + 653.182) / 2 ) / 2569.525*365
=644.222 / 2569.525*365
=91.51

Daming Electronics 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
=( (653.182 + 474.648) / 2 ) / 436.16*365 / 4
=563.915 / 436.16*365 / 4
=117.98

* 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 117.98 mean?
Daming Electronics Co (SHSE:603376) has a Days Payable of 117.98 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 Daming Electronics Co and its competitors. This is 10% below median its historical median of 130.77. Over the past decade, Daming Electronics Co's Days Payable has ranged from 88.00 to 180.84. According to the industry distribution chart, Daming Electronics Co ranks #480 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 36.7%.
Is Daming Electronics Co's Days Payable too high?
Daming Electronics Co's current Days Payable of 117.98 is 10% below median its 10-year median of 130.77. Over the past 10 years, this metric has ranged from a low of 88.00 to a high of 180.84. The Vehicles & Parts industry median Days Payable is 67.09. Daming Electronics Co's value of 117.98 is 75.9% above this industry median. Based on the distribution chart, Daming Electronics Co ranks #480 out of 1308 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Daming Electronics Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Daming Electronics Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Daming Electronics Co ranks #480 out of 1308 companies for Days Payable. This puts Daming Electronics Co in the upper half of its industry. The industry median Days Payable is 67.09. Daming Electronics Co's value of 117.98 is 75.9% above this benchmark. Historically, Daming Electronics Co's own Days Payable has ranged from 88.00 to 180.84 over the past decade. While the company's 10-year median is 130.77 vs. the industry median of 67.09, Daming Electronics 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 67.09, based on 1,308 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. Daming Electronics Co's current Days Payable of 117.98 is 75.9% 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 Daming Electronics Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daming Electronics Co's current Days Payable is 117.98, which is 10% below median its own 10-year median of 130.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daming Electronics Co stock overvalued right now?
Daming Electronics Co (SHSE:603376) has a current Days Payable of 117.98. The current Days Payable is 117.98, which is 10% below median its 10-year median of 130.77 and 75.9% above the Vehicles & Parts industry median of 67.09. Daming Electronics Co's overall GF Score™ is 49/100 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 Daming Electronics Co (SHSE:603376), the current Days Payable is 117.98 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.

Daming Electronics Co Business Description

Address No. M-1, West Industrial Zone, Hongqiao Town, Zhejiang Province, Yueqing, CHN, 325608
Daming Electronics Co Ltd specializes in producing automobile air-conditioning and acoustic systems, as well as automobile electric appliance switches. The company operates prominently from its manufacturing base in China, supplying a broad range of automotive switches, including automotive electrical switches (such as window lift switches, combination switches, steering wheel switches, and air conditioning controllers), automotive interior lights, and new energy vehicle chargers (DCDC converter assemblies).
49GF Score

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