Shanghai Laimu Electronics Co (SHSE:603633) Days Payable: 139.47 (As of Mar. 2026) — 10% Below 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:603633 Shanghai Laimu Electronics Co Ltd SHSE:603633
66 GF Score
Price ¥5.77
GF Value ¥11.67
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Shanghai Laimu Electronics Co Days Payable?

Shanghai Laimu Electronics Co SHSE:603633 +2.67% 66 Days Payable is 139.47 as of Mar. 2026, which is 10% below its 10-year median of 155.60. GuruFocus rates SHSE:603633 with a GF Score™ of 66/100 and a GF Value™ of ¥11.67 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,440 Hardware companies, Shanghai Laimu Electronics Co ranks better than 73.36% on this metric.

Shanghai Laimu Electronics Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥473 Mil. Shanghai Laimu Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥310 Mil. Hence, Shanghai Laimu Electronics Co's Days Payable for the three months ended in Mar. 2026 was 139.47.

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

SHSE:603633' s Days Payable Range Over the Past 10 Years
Min: 112.08   Med: 155.6   Max: 192.09
Current: 112.08

During the past 13 years, Shanghai Laimu Electronics Co's highest Days Payable was 192.09. The lowest was 112.08. And the median was 155.60.

SHSE:603633's Days Payable is ranked better than
73.36% of 2440 companies
in the Hardware industry
Industry Median: 69.965 vs SHSE:603633: 112.08

Shanghai Laimu Electronics Co's Days Payable increased from Mar. 2025 (131.73) to Mar. 2026 (139.47). It may suggest that Shanghai Laimu Electronics Co delayed paying its suppliers.


Shanghai Laimu Electronics Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shanghai Laimu 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.

Shanghai Laimu Electronics Co Days Payable Chart

Shanghai Laimu Electronics 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 169.59 144.02 155.67 128.37 125.88

Shanghai Laimu Electronics 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 131.73 98.60 99.77 110.44 139.47

SHSE:603633 vs APH, GLW, TEL: Days Payable Comparison

For the Electronic Components subindustry, Shanghai Laimu 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.


Shanghai Laimu Electronics Co Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Shanghai Laimu Electronics Co's Days Payable distribution charts can be found below:

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


SHSE:603633
66GF Score
Shanghai Laimu Electronics Co Ltd SHSE:603633
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Laimu 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.

Shanghai Laimu 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
=( (436.373 + 472.297) / 2 ) / 1317.377*365
=454.335 / 1317.377*365
=125.88

Shanghai Laimu 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
=( (472.297 + 474.597) / 2 ) / 309.756*365 / 4
=473.447 / 309.756*365 / 4
=139.47

* 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 139.47 mean?
Shanghai Laimu Electronics Co (SHSE:603633) has a Days Payable of 139.47 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 Shanghai Laimu Electronics Co and its competitors. This is 10% below median its historical median of 155.60. Over the past decade, Shanghai Laimu Electronics Co's Days Payable has ranged from 112.08 to 192.09. According to the industry distribution chart, Shanghai Laimu Electronics Co ranks #650 out of 2440 companies in the Hardware industry, placing it in the top 26.6%.
Is Shanghai Laimu Electronics Co's Days Payable too high?
Shanghai Laimu Electronics Co's current Days Payable of 139.47 is 10% below median its 10-year median of 155.60. Over the past 10 years, this metric has ranged from a low of 112.08 to a high of 192.09. The Hardware industry median Days Payable is 69.97. Shanghai Laimu Electronics Co's value of 139.47 is 99.3% above this industry median. Based on the distribution chart, Shanghai Laimu Electronics Co ranks #650 out of 2440 companies in the Hardware industry, which is above the industry midpoint. Overall, Shanghai Laimu Electronics Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai Laimu Electronics Co's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Shanghai Laimu Electronics Co ranks #650 out of 2440 companies for Days Payable. This puts Shanghai Laimu Electronics Co in the upper half of its industry. The industry median Days Payable is 69.97. Shanghai Laimu Electronics Co's value of 139.47 is 99.3% above this benchmark. Historically, Shanghai Laimu Electronics Co's own Days Payable has ranged from 112.08 to 192.09 over the past decade. While the company's 10-year median is 155.60 vs. the industry median of 69.97, Shanghai Laimu 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 Hardware company?
The median Days Payable among Hardware companies is 69.97, based on 2,440 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. Shanghai Laimu Electronics Co's current Days Payable of 139.47 is 99.3% 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 Shanghai Laimu Electronics Co and its competitors. For the Hardware industry, the median Days Payable is 69.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Laimu Electronics Co's current Days Payable is 139.47, which is 10% below median its own 10-year median of 155.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Laimu Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Laimu Electronics Co (SHSE:603633) is currently considered Possible Value Trap. The stock's GF Value™ is ¥11.67, compared to a current price of ¥5.77 — trading 50.6% below its estimated fair value. The current Days Payable is 139.47, which is 10% below median its 10-year median of 155.60 and 99.3% above the Hardware industry median of 69.97. Shanghai Laimu Electronics Co's overall GF Score™ is 66/100 with 7 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 Shanghai Laimu Electronics Co (SHSE:603633), the current Days Payable is 139.47 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 Shanghai Laimu Electronics Co (SHSE:603633) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Laimu Electronics Co stock appears to be undervalued. The current stock price of ¥5.77 is trading 50.6% below its estimated GF Value™ of ¥11.67. GuruFocus considers Shanghai Laimu Electronics Co to be Possible Value Trap.

Key valuation signals for SHSE:603633:

  • Days Payable: 139.47 (10% below median its 10-year median of 155.60)
  • GF Value™: ¥11.67 vs. price of ¥5.77 (50.6% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 99.3% above the Hardware median (#650 of 2440)

No single metric tells the full story. See the SHSE:603633 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Laimu Electronics Co Business Description

Address No.7319 Zhongchun Road, Minhang District, Shanghai, CHN, 201619
Shanghai Laimu Electronics Co Ltd is specialized in the development, production and sales of precision electronic components based on connectors and shields. Its products include automotive electronics, including injection and stamping parts, connectors, injection inserts, and wire harnesses; and mobile electronics, such as T-cards, battery holders, and camera modules, as well as components for SIMs and USBs. Its products are mainly applied to the fields of automobile and mobile phone.
66GF Score

Get the complete analysis for SHSE:603633

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

¥5.77
Price
¥11.67
GF Value