Henglin Home Furnishings Co (SHSE:603661) Days Payable: 102.65 (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:603661 Henglin Home Furnishings Co Ltd SHSE:603661
90 GF Score
Price ¥31.88
GF Value ¥41.58
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Henglin Home Furnishings Co Days Payable?

Henglin Home Furnishings Co SHSE:603661 -0.06% 90 Days Payable is 102.65 as of Mar. 2026, which is 4% above its 10-year median of 98.88. GuruFocus rates SHSE:603661 with a GF Score™ of 90/100 and a GF Value™ of ¥41.58 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Henglin Home Furnishings Co ranks better than 67.79% on this metric.

Henglin Home Furnishings Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥2,942 Mil. Henglin Home Furnishings Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥2,615 Mil. Hence, Henglin Home Furnishings Co's Days Payable for the three months ended in Mar. 2026 was 102.65.

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

SHSE:603661' s Days Payable Range Over the Past 10 Years
Min: 72.3   Med: 98.88   Max: 110.47
Current: 95.03

During the past 13 years, Henglin Home Furnishings Co's highest Days Payable was 110.47. The lowest was 72.30. And the median was 98.88.

SHSE:603661's Days Payable is ranked better than
67.79% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.03 vs SHSE:603661: 95.03

Henglin Home Furnishings Co's Days Payable increased from Mar. 2025 (96.34) to Mar. 2026 (102.65). It may suggest that Henglin Home Furnishings Co delayed paying its suppliers.


Henglin Home Furnishings Co Days Payable Historical Data

* Premium members only.

The historical data trend for Henglin 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.

Henglin Home Furnishings Co Days Payable Chart

Henglin 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 106.43 108.05 105.05 94.49 110.47

Henglin 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 96.34 89.09 87.82 105.74 102.65

SHSE:603661 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Henglin 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.


Henglin Home Furnishings Co Days Payable vs Furnishings, Fixtures & Appliances Industry

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

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


SHSE:603661
90GF Score
Henglin Home Furnishings Co Ltd SHSE:603661
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Henglin 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.

Henglin 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
=( (2664.969 + 3092.362) / 2 ) / 9511.239*365
=2878.6655 / 9511.239*365
=110.47

Henglin 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
=( (3092.362 + 2790.968) / 2 ) / 2614.915*365 / 4
=2941.665 / 2614.915*365 / 4
=102.65

* 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 102.65 mean?
Henglin Home Furnishings Co (SHSE:603661) has a Days Payable of 102.65 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 Henglin Home Furnishings Co and its competitors. This is near median its historical median of 98.88. Over the past decade, Henglin Home Furnishings Co's Days Payable has ranged from 72.30 to 110.47. According to the industry distribution chart, Henglin Home Furnishings Co ranks #134 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 32.2%.
Is Henglin Home Furnishings Co's Days Payable too high?
Henglin Home Furnishings Co's current Days Payable of 102.65 is near median its 10-year median of 98.88. Over the past 10 years, this metric has ranged from a low of 72.30 to a high of 110.47. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.03. Henglin Home Furnishings Co's value of 102.65 is 62.9% above this industry median. Based on the distribution chart, Henglin Home Furnishings Co ranks #134 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Henglin Home Furnishings Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Henglin Home Furnishings Co's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Henglin Home Furnishings Co ranks #134 out of 416 companies for Days Payable. This puts Henglin Home Furnishings Co in the upper half of its industry. The industry median Days Payable is 63.03. Henglin Home Furnishings Co's value of 102.65 is 62.9% above this benchmark. Historically, Henglin Home Furnishings Co's own Days Payable has ranged from 72.30 to 110.47 over the past decade. While the company's 10-year median is 98.88 vs. the industry median of 63.03, Henglin 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 63.03, 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. Henglin Home Furnishings Co's current Days Payable of 102.65 is 62.9% 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 Henglin Home Furnishings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henglin Home Furnishings Co's current Days Payable is 102.65, which is near median its own 10-year median of 98.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henglin Home Furnishings Co stock overvalued right now?
Based on GuruFocus' analysis, Henglin Home Furnishings Co (SHSE:603661) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥41.58, compared to a current price of ¥31.88 — trading 23.3% below its estimated fair value. The current Days Payable is 102.65, which is near median its 10-year median of 98.88 and 62.9% above the Furnishings, Fixtures & Appliances industry median of 63.03. Henglin Home Furnishings Co's overall GF Score™ is 90/100 with 6 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 Henglin Home Furnishings Co (SHSE:603661), the current Days Payable is 102.65 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 Henglin Home Furnishings Co (SHSE:603661) Overvalued in 2026?

Based on GuruFocus' analysis, Henglin Home Furnishings Co stock appears to be undervalued. The current stock price of ¥31.88 is trading 23.3% below its estimated GF Value™ of ¥41.58. GuruFocus considers Henglin Home Furnishings Co to be Modestly Undervalued.

Key valuation signals for SHSE:603661:

  • Days Payable: 102.65 (near median its 10-year median of 98.88)
  • GF Value™: ¥41.58 vs. price of ¥31.88 (23.3% below fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 62.9% above the Furnishings, Fixtures & Appliances median (#134 of 416)

No single metric tells the full story. See the SHSE:603661 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Henglin Home Furnishings Co Business Description

Address No. 378-380, Jiaxi Road, Dipu Street, Dipu Town, Anji County, Huzhou, CHN, 313300
Henglin Home Furnishings Co Ltd manufactures and markets office furniture. The company integrates research and development, manufacturing and selling a health range product like office chairs, sofas, and massage chairs. It has several retailers in Europe, the United States, Japan, and other overseas markets.
90GF Score

Get the complete analysis for SHSE:603661

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

¥31.88
Price
¥41.58
GF Value