Jinhong Fashion Group Co (SHSE:603518) Days Payable: 144.89 (As of Mar. 2026) — 45% Above Median

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SHSE:603518 Jinhong Fashion Group Co Ltd SHSE:603518
62 GF Score
Price ¥7.88
GF Value ¥9.69
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Jinhong Fashion Group Co Days Payable?

Jinhong Fashion Group Co SHSE:603518 -1.75% 62 Days Payable is 144.89 as of Mar. 2026, which is 45% above its 10-year median of 99.96. GuruFocus rates SHSE:603518 with a GF Score™ of 62/100 and a GF Value™ of ¥9.69 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Jinhong Fashion Group Co ranks better than 84.9% on this metric.

Jinhong Fashion Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥519 Mil. Jinhong Fashion Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥327 Mil. Hence, Jinhong Fashion Group Co's Days Payable for the three months ended in Mar. 2026 was 144.89.

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

SHSE:603518' s Days Payable Range Over the Past 10 Years
Min: 48.03   Med: 99.96   Max: 177.91
Current: 137.76

During the past 13 years, Jinhong Fashion Group Co's highest Days Payable was 177.91. The lowest was 48.03. And the median was 99.96.

SHSE:603518's Days Payable is ranked better than
84.9% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.315 vs SHSE:603518: 137.76

Jinhong Fashion Group Co's Days Payable declined from Mar. 2025 (147.13) to Mar. 2026 (144.89). It may suggest that Jinhong Fashion Group Co accelerated paying its suppliers.


Jinhong Fashion Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Jinhong Fashion Group 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.

Jinhong Fashion Group Co Days Payable Chart

Jinhong Fashion Group 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 118.78 177.91 136.98 138.56 166.92

Jinhong Fashion Group 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 147.13 136.83 175.72 125.45 144.89

SHSE:603518 vs RL, LEVI, VFC: Days Payable Comparison

For the Apparel Manufacturing subindustry, Jinhong Fashion Group 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.


Jinhong Fashion Group Co Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jinhong Fashion Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinhong Fashion Group Co's Days Payable falls into.


SHSE:603518
62GF Score
Jinhong Fashion Group Co Ltd SHSE:603518
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Jinhong Fashion Group 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.

Jinhong Fashion Group 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
=( (606.343 + 628.474) / 2 ) / 1350.039*365
=617.4085 / 1350.039*365
=166.92

Jinhong Fashion Group 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
=( (628.474 + 410.002) / 2 ) / 327.007*365 / 4
=519.238 / 327.007*365 / 4
=144.89

* 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 144.89 mean?
Jinhong Fashion Group Co (SHSE:603518) has a Days Payable of 144.89 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 Jinhong Fashion Group Co and its competitors. This is 45% above median its historical median of 99.96. Over the past decade, Jinhong Fashion Group Co's Days Payable has ranged from 48.03 to 177.91. According to the industry distribution chart, Jinhong Fashion Group Co ranks #154 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.1%.
Is Jinhong Fashion Group Co's Days Payable too high?
Jinhong Fashion Group Co's current Days Payable of 144.89 is 45% above median its 10-year median of 99.96. Over the past 10 years, this metric has ranged from a low of 48.03 to a high of 177.91. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.32. Jinhong Fashion Group Co's value of 144.89 is 166.8% above this industry median. Based on the distribution chart, Jinhong Fashion Group Co ranks #154 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Jinhong Fashion Group Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinhong Fashion Group Co's Days Payable compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Jinhong Fashion Group Co ranks #154 out of 1020 companies for Days Payable. This places Jinhong Fashion Group Co in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.32. Jinhong Fashion Group Co's value of 144.89 is 166.8% above this benchmark. Historically, Jinhong Fashion Group Co's own Days Payable has ranged from 48.03 to 177.91 over the past decade. While the company's 10-year median is 99.96 vs. the industry median of 54.32, Jinhong Fashion Group 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.32, based on 1,020 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. Jinhong Fashion Group Co's current Days Payable of 144.89 is 166.8% 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 Jinhong Fashion Group Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jinhong Fashion Group Co's current Days Payable is 144.89, which is 45% above median its own 10-year median of 99.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinhong Fashion Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jinhong Fashion Group Co (SHSE:603518) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.69, compared to a current price of ¥7.88 — trading 18.7% below its estimated fair value. The current Days Payable is 144.89, which is 45% above median its 10-year median of 99.96 and 166.8% above the Manufacturing - Apparel & Accessories industry median of 54.32. Jinhong Fashion Group Co's overall GF Score™ is 62/100 with 5 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 Jinhong Fashion Group Co (SHSE:603518), the current Days Payable is 144.89 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 Jinhong Fashion Group Co (SHSE:603518) Overvalued in 2026?

Based on GuruFocus' analysis, Jinhong Fashion Group Co stock appears to be undervalued. The current stock price of ¥7.88 is trading 18.7% below its estimated GF Value™ of ¥9.69. GuruFocus considers Jinhong Fashion Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603518:

  • Days Payable: 144.89 (45% above median its 10-year median of 99.96)
  • GF Value™: ¥9.69 vs. price of ¥7.88 (18.7% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 166.8% above the Manufacturing - Apparel & Accessories median (#154 of 1020)

No single metric tells the full story. See the SHSE:603518 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinhong Fashion Group Co Business Description

Address No. 1, Zhongshan South Road, 60th Floor, Qinhuai District, Nanjing, CHN
Jinhong Fashion Group Co Ltd is engaged in the manufacture and sale of women's apparel products. The company's main business covers the design, development, production, brand marketing and terminal sales of mid-to-high-end clothing.
62GF Score

Get the complete analysis for SHSE:603518

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

¥7.88
Price
¥9.69
GF Value