A-Zenith Home Furnishings Co (SHSE:603389) Days Payable: 162.89 (As of Mar. 2026) — 27% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603389 A-Zenith Home Furnishings Co Ltd SHSE:603389
49 GF Score
Price ¥38.50
GF Value ¥21.15
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is A-Zenith Home Furnishings Co Days Payable?

A-Zenith Home Furnishings Co SHSE:603389 -5.75% 49 Days Payable is 162.89 as of Mar. 2026, which is 27% above its 10-year median of 127.82. GuruFocus rates SHSE:603389 with a GF Score™ of 49/100 and a GF Value™ of ¥21.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, A-Zenith Home Furnishings Co ranks better than 57.93% on this metric.

A-Zenith Home Furnishings Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥178.4 Mil. A-Zenith Home Furnishings Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥99.9 Mil. Hence, A-Zenith Home Furnishings Co's Days Payable for the three months ended in Mar. 2026 was 162.89.

The historical rank and industry rank for A-Zenith Home Furnishings Co's Days Payable or its related term are showing as below:

SHSE:603389' s Days Payable Range Over the Past 10 Years
Min: 79.26   Med: 127.82   Max: 146.18
Current: 79.26

During the past 13 years, A-Zenith Home Furnishings Co's highest Days Payable was 146.18. The lowest was 79.26. And the median was 127.82.

SHSE:603389's Days Payable is ranked better than
57.93% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.745 vs SHSE:603389: 79.26

A-Zenith Home Furnishings Co's Days Payable increased from Mar. 2025 (122.92) to Mar. 2026 (162.89). It may suggest that A-Zenith Home Furnishings Co delayed paying its suppliers.


A-Zenith Home Furnishings Co Days Payable Historical Data

* Premium members only.

The historical data trend for A-Zenith Home Furnishings 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.

A-Zenith Home Furnishings Co Days Payable Chart

A-Zenith Home Furnishings 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 127.82 122.86 127.82 146.18 129.05

A-Zenith Home Furnishings 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 122.92 306.47 188.64 47.10 162.89

SHSE:603389 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, A-Zenith Home Furnishings 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.


A-Zenith Home Furnishings Co Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, A-Zenith Home Furnishings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where A-Zenith Home Furnishings Co's Days Payable falls into.


SHSE:603389
49GF Score
A-Zenith Home Furnishings Co Ltd SHSE:603389
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

A-Zenith Home Furnishings 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.

A-Zenith Home Furnishings 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
=( (49.629 + 282.253) / 2 ) / 469.327*365
=165.941 / 469.327*365
=129.05

A-Zenith Home Furnishings 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
=( (282.253 + 74.51) / 2 ) / 99.929*365 / 4
=178.3815 / 99.929*365 / 4
=162.89

* 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 162.89 mean?
A-Zenith Home Furnishings Co (SHSE:603389) has a Days Payable of 162.89 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 A-Zenith Home Furnishings Co and its competitors. This is 27% above median its historical median of 127.82. Over the past decade, A-Zenith Home Furnishings Co's Days Payable has ranged from 79.26 to 146.18. According to the industry distribution chart, A-Zenith Home Furnishings Co ranks #175 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 42.1%.
Is A-Zenith Home Furnishings Co's Days Payable too high?
A-Zenith Home Furnishings Co's current Days Payable of 162.89 is 27% above median its 10-year median of 127.82. Over the past 10 years, this metric has ranged from a low of 79.26 to a high of 146.18. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.75. A-Zenith Home Furnishings Co's value of 162.89 is 155.5% above this industry median. Based on the distribution chart, A-Zenith Home Furnishings Co ranks #175 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, A-Zenith Home Furnishings Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A-Zenith Home Furnishings Co's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, A-Zenith Home Furnishings Co ranks #175 out of 416 companies for Days Payable. This puts A-Zenith Home Furnishings Co in the upper half of its industry. The industry median Days Payable is 63.75. A-Zenith Home Furnishings Co's value of 162.89 is 155.5% above this benchmark. Historically, A-Zenith Home Furnishings Co's own Days Payable has ranged from 79.26 to 146.18 over the past decade. While the company's 10-year median is 127.82 vs. the industry median of 63.75, A-Zenith Home Furnishings 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.75, based on 416 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. A-Zenith Home Furnishings Co's current Days Payable of 162.89 is 155.5% 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 A-Zenith Home Furnishings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A-Zenith Home Furnishings Co's current Days Payable is 162.89, which is 27% above median its own 10-year median of 127.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A-Zenith Home Furnishings Co stock overvalued right now?
Based on GuruFocus' analysis, A-Zenith Home Furnishings Co (SHSE:603389) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.15, compared to a current price of ¥38.50 — trading 82% above its estimated fair value. The current Days Payable is 162.89, which is 27% above median its 10-year median of 127.82 and 155.5% above the Furnishings, Fixtures & Appliances industry median of 63.75. A-Zenith Home Furnishings Co's overall GF Score™ is 49/100 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 A-Zenith Home Furnishings Co (SHSE:603389), the current Days Payable is 162.89 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 A-Zenith Home Furnishings Co (SHSE:603389) Overvalued in 2026?

Based on GuruFocus' analysis, A-Zenith Home Furnishings Co stock appears to be overvalued. The current stock price of ¥38.50 is trading 82% above its estimated GF Value™ of ¥21.15. GuruFocus considers A-Zenith Home Furnishings Co to be Significantly Overvalued.

Key valuation signals for SHSE:603389:

  • Days Payable: 162.89 (27% above median its 10-year median of 127.82)
  • GF Value™: ¥21.15 vs. price of ¥38.50 (82% above fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 155.5% above the Furnishings, Fixtures & Appliances median (#175 of 416)

No single metric tells the full story. See the SHSE:603389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


A-Zenith Home Furnishings Co Business Description

Address Yazhen Bridge, Caobu Town, Rudong County, Jiangsu Province, Shanghai, CHN, 226400
A-Zenith Home Furnishings Co Ltd is engaged in designing, manufacturing and selling of furniture. Its products include bedroom furniture, study furniture, restaurant furniture, and parlor furniture.
49GF Score

Get the complete analysis for SHSE:603389

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

¥38.50
Price
¥21.15
GF Value