Shandong Gold Phoenix Co (SHSE:603586) Days Payable: 51.56 (As of Mar. 2026) — Near 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:603586 Shandong Gold Phoenix Co Ltd SHSE:603586
67 GF Score
Price ¥12.28
GF Value ¥14.62
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Shandong Gold Phoenix Co Days Payable?

Shandong Gold Phoenix Co SHSE:603586 +0.74% 67 Days Payable is 51.56 as of Mar. 2026, which is 6% below its 10-year median of 54.82. GuruFocus rates SHSE:603586 with a GF Score™ of 67/100 and a GF Value™ of ¥14.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Shandong Gold Phoenix Co ranks worse than 60.64% on this metric.

Shandong Gold Phoenix Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥183 Mil. Shandong Gold Phoenix Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥323 Mil. Hence, Shandong Gold Phoenix Co's Days Payable for the three months ended in Mar. 2026 was 51.56.

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

SHSE:603586' s Days Payable Range Over the Past 10 Years
Min: 47.09   Med: 54.82   Max: 61.42
Current: 54.84

During the past 13 years, Shandong Gold Phoenix Co's highest Days Payable was 61.42. The lowest was 47.09. And the median was 54.82.

SHSE:603586's Days Payable is ranked worse than
60.64% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs SHSE:603586: 54.84

Shandong Gold Phoenix Co's Days Payable declined from Mar. 2025 (55.23) to Mar. 2026 (51.56). It may suggest that Shandong Gold Phoenix Co accelerated paying its suppliers.


Shandong Gold Phoenix Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shandong Gold Phoenix 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.

Shandong Gold Phoenix Co Days Payable Chart

Shandong Gold Phoenix 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 54.65 47.09 52.88 53.45 54.99

Shandong Gold Phoenix 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 55.23 55.45 54.38 52.82 51.56

SHSE:603586 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Shandong Gold Phoenix 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.


Shandong Gold Phoenix Co Days Payable vs Vehicles & Parts Industry

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

* The bar in red indicates where Shandong Gold Phoenix Co's Days Payable falls into.


SHSE:603586
67GF Score
Shandong Gold Phoenix Co Ltd SHSE:603586
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shandong Gold Phoenix 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.

Shandong Gold Phoenix 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
=( (236.795 + 182.289) / 2 ) / 1390.913*365
=209.542 / 1390.913*365
=54.99

Shandong Gold Phoenix 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
=( (182.289 + 183.059) / 2 ) / 323.29*365 / 4
=182.674 / 323.29*365 / 4
=51.56

* 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 51.56 mean?
Shandong Gold Phoenix Co (SHSE:603586) has a Days Payable of 51.56 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 Shandong Gold Phoenix Co and its competitors. This is near median its historical median of 54.82. Over the past decade, Shandong Gold Phoenix Co's Days Payable has ranged from 47.09 to 61.42. According to the industry distribution chart, Shandong Gold Phoenix Co ranks #792 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 60.6%.
Is Shandong Gold Phoenix Co's Days Payable too high?
Shandong Gold Phoenix Co's current Days Payable of 51.56 is near median its 10-year median of 54.82. Over the past 10 years, this metric has ranged from a low of 47.09 to a high of 61.42. The Vehicles & Parts industry median Days Payable is 67.14. Shandong Gold Phoenix Co's value of 51.56 is 23.2% below this industry median. Based on the distribution chart, Shandong Gold Phoenix Co ranks #792 out of 1306 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Shandong Gold Phoenix Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Phoenix Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shandong Gold Phoenix Co ranks #792 out of 1306 companies for Days Payable. This places Shandong Gold Phoenix Co in the lower half of its industry. The industry median Days Payable is 67.14. Shandong Gold Phoenix Co's value of 51.56 is 23.2% below this benchmark. Historically, Shandong Gold Phoenix Co's own Days Payable has ranged from 47.09 to 61.42 over the past decade. While the company's 10-year median is 54.82 vs. the industry median of 67.14, Shandong Gold Phoenix Co has consistently been below 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 67.14, based on 1,306 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. Shandong Gold Phoenix Co's current Days Payable of 51.56 is 23.2% below 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 Shandong Gold Phoenix Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Gold Phoenix Co's current Days Payable is 51.56, which is near median its own 10-year median of 54.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Phoenix Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Phoenix Co (SHSE:603586) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.62, compared to a current price of ¥12.28 — trading 16% below its estimated fair value. The current Days Payable is 51.56, which is near median its 10-year median of 54.82 and 23.2% below the Vehicles & Parts industry median of 67.14. Shandong Gold Phoenix Co's overall GF Score™ is 67/100 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 Shandong Gold Phoenix Co (SHSE:603586), the current Days Payable is 51.56 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 Shandong Gold Phoenix Co (SHSE:603586) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Gold Phoenix Co stock appears to be undervalued. The current stock price of ¥12.28 is trading 16% below its estimated GF Value™ of ¥14.62. GuruFocus considers Shandong Gold Phoenix Co to be Modestly Undervalued.

Key valuation signals for SHSE:603586:

  • Days Payable: 51.56 (near median its 10-year median of 54.82)
  • GF Value™: ¥14.62 vs. price of ¥12.28 (16% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 23.2% below the Vehicles & Parts median (#792 of 1306)

No single metric tells the full story. See the SHSE:603586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Gold Phoenix Co Business Description

Address 999 Fule Road, Shandong Province, Leling, CHN, 253600
Shandong Gold Phoenix Co Ltd is a Chinese company engaged in the business of manufacturing braking friction products. Its product portfolio includes disc brake pad, brake shoe, brake disc, brake pad, brake lining for passenger and commercial vehicles and brake products for industrial applications. The company offers its products in China, and also exports its products into other countries. The brands owned by the company are LBP, LJP and JSA.
67GF Score

Get the complete analysis for SHSE:603586

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

¥12.28
Price
¥14.62
GF Value