Hefei Conver Holding Co (SHSE:603409) Days Payable: 182.21 (As of Mar. 2026) — 18% Below Median

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SHSE:603409 Hefei Conver Holding Co Ltd SHSE:603409
48 GF Score
Price ¥17.47
! 3 Warning Signs
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What is Hefei Conver Holding Co Days Payable?

Hefei Conver Holding Co SHSE:603409 +0.40% 48 Days Payable is 182.21 as of Mar. 2026, which is 18% below its 10-year median of 220.96. GuruFocus rates SHSE:603409 with a GF Score™ of 48/100. The stock has 3 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Hefei Conver Holding Co ranks better than 88.46% on this metric.

Hefei Conver Holding Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥455 Mil. Hefei Conver Holding Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥228 Mil. Hence, Hefei Conver Holding Co's Days Payable for the three months ended in Mar. 2026 was 182.21.

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

SHSE:603409' s Days Payable Range Over the Past 10 Years
Min: 172.53   Med: 220.96   Max: 276
Current: 172.64

During the past 13 years, Hefei Conver Holding Co's highest Days Payable was 276.00. The lowest was 172.53. And the median was 220.96.

SHSE:603409's Days Payable is ranked better than
88.46% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 67.085 vs SHSE:603409: 172.64

Hefei Conver Holding Co's Days Payable declined from Mar. 2025 (203.53) to Mar. 2026 (182.21). It may suggest that Hefei Conver Holding Co accelerated paying its suppliers.


Hefei Conver Holding Co Days Payable Historical Data

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The historical data trend for Hefei Conver Holding 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.

Hefei Conver Holding Co Days Payable Chart

Hefei Conver Holding 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 0.00 276.00 204.31 172.53 174.66

Hefei Conver Holding Co Quarterly Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 203.53 208.83 165.42 143.95 182.21

SHSE:603409 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Hefei Conver Holding 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.


Hefei Conver Holding Co Days Payable vs Vehicles & Parts Industry

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

* The bar in red indicates where Hefei Conver Holding Co's Days Payable falls into.


SHSE:603409
48GF Score
Hefei Conver Holding Co Ltd SHSE:603409
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hefei Conver Holding 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.

Hefei Conver Holding 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
=( (441.097 + 440.338) / 2 ) / 921.006*365
=440.7175 / 921.006*365
=174.66

Hefei Conver Holding 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
=( (440.338 + 469.148) / 2 ) / 227.732*365 / 4
=454.743 / 227.732*365 / 4
=182.21

* 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 182.21 mean?
Hefei Conver Holding Co (SHSE:603409) has a Days Payable of 182.21 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 Hefei Conver Holding Co and its competitors. This is 18% below median its historical median of 220.96. Over the past decade, Hefei Conver Holding Co's Days Payable has ranged from 172.53 to 276.00. According to the industry distribution chart, Hefei Conver Holding Co ranks #151 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 11.5%.
Is Hefei Conver Holding Co's Days Payable too high?
Hefei Conver Holding Co's current Days Payable of 182.21 is 18% below median its 10-year median of 220.96. Over the past 10 years, this metric has ranged from a low of 172.53 to a high of 276.00. The Vehicles & Parts industry median Days Payable is 67.09. Hefei Conver Holding Co's value of 182.21 is 171.6% above this industry median. Based on the distribution chart, Hefei Conver Holding Co ranks #151 out of 1308 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Hefei Conver Holding Co has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Hefei Conver Holding Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hefei Conver Holding Co ranks #151 out of 1308 companies for Days Payable. This places Hefei Conver Holding Co in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 67.09. Hefei Conver Holding Co's value of 182.21 is 171.6% above this benchmark. Historically, Hefei Conver Holding Co's own Days Payable has ranged from 172.53 to 276.00 over the past decade. While the company's 10-year median is 220.96 vs. the industry median of 67.09, Hefei Conver Holding 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. Hefei Conver Holding Co's current Days Payable of 182.21 is 171.6% 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 Hefei Conver Holding 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. Hefei Conver Holding Co's current Days Payable is 182.21, which is 18% below median its own 10-year median of 220.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei Conver Holding Co stock overvalued right now?
Hefei Conver Holding Co (SHSE:603409) has a current Days Payable of 182.21. The current Days Payable is 182.21, which is 18% below median its 10-year median of 220.96 and 171.6% above the Vehicles & Parts industry median of 67.09. Hefei Conver Holding Co's overall GF Score™ is 48/100 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 Hefei Conver Holding Co (SHSE:603409), the current Days Payable is 182.21 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.

Hefei Conver Holding Co Business Description

Address Tangkou Road, Factory Building No. 99, Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230601
Hefei Conver Holding Co Ltd is engaged in research & development, production and sales of automotive styling components and automotive acoustic products.
48GF Score

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