Fujian Tianma Science and Technology Group Co (SHSE:603668) Days Payable: 101.41 (As of Mar. 2026) — 13% Below Median

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SHSE:603668 Fujian Tianma Science and Technology Group Co Ltd SHSE:603668
67 GF Score
Price ¥10.66
GF Value ¥14.57
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Fujian Tianma Science and Technology Group Co Days Payable?

Fujian Tianma Science and Technology Group Co SHSE:603668 +0.66% 67 Days Payable is 101.41 as of Mar. 2026, which is 13% below its 10-year median of 116.47. GuruFocus rates SHSE:603668 with a GF Score™ of 67/100 and a GF Value™ of ¥14.57 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,893 Consumer Packaged Goods companies, Fujian Tianma Science and Technology Group Co ranks better than 82.46% on this metric.

Fujian Tianma Science and Technology Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,575 Mil. Fujian Tianma Science and Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥1,418 Mil. Hence, Fujian Tianma Science and Technology Group Co's Days Payable for the three months ended in Mar. 2026 was 101.41.

The historical rank and industry rank for Fujian Tianma Science and Technology Group Co's Days Payable or its related term are showing as below:

SHSE:603668' s Days Payable Range Over the Past 10 Years
Min: 81.82   Med: 116.47   Max: 185.86
Current: 97.56

During the past 13 years, Fujian Tianma Science and Technology Group Co's highest Days Payable was 185.86. The lowest was 81.82. And the median was 116.47.

SHSE:603668's Days Payable is ranked better than
82.46% of 1893 companies
in the Consumer Packaged Goods industry
Industry Median: 44.14 vs SHSE:603668: 97.56

Fujian Tianma Science and Technology Group Co's Days Payable declined from Mar. 2025 (103.80) to Mar. 2026 (101.41). It may suggest that Fujian Tianma Science and Technology Group Co accelerated paying its suppliers.


Fujian Tianma Science and Technology Group Co Days Payable Related Terms


Fujian Tianma Science and Technology Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Fujian Tianma Science and Technology 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.

Fujian Tianma Science and Technology Group Co Days Payable Chart

Fujian Tianma Science and Technology 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 81.82 84.69 102.64 123.88 109.06

Fujian Tianma Science and Technology 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 103.80 102.43 94.65 94.90 101.41

SHSE:603668 vs ADM, BG, TSN: Days Payable Comparison

For the Farm Products subindustry, Fujian Tianma Science and Technology 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.


Fujian Tianma Science and Technology Group Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Tianma Science and Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Tianma Science and Technology Group Co's Days Payable falls into.


SHSE:603668
67GF Score
Fujian Tianma Science and Technology Group Co Ltd SHSE:603668
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Tianma Science and Technology 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.

Fujian Tianma Science and Technology 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
=( (1615.146 + 1708.972) / 2 ) / 5562.577*365
=1662.059 / 5562.577*365
=109.06

Fujian Tianma Science and Technology 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
=( (1708.972 + 1441.867) / 2 ) / 1417.531*365 / 4
=1575.4195 / 1417.531*365 / 4
=101.41

* 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 101.41 mean?
Fujian Tianma Science and Technology Group Co (SHSE:603668) has a Days Payable of 101.41 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 Fujian Tianma Science and Technology Group Co and its competitors. This is 13% below median its historical median of 116.47. Over the past decade, Fujian Tianma Science and Technology Group Co's Days Payable has ranged from 81.82 to 185.86. According to the industry distribution chart, Fujian Tianma Science and Technology Group Co ranks #332 out of 1893 companies in the Consumer Packaged Goods industry, placing it in the top 17.5%.
Is Fujian Tianma Science and Technology Group Co's Days Payable too high?
Fujian Tianma Science and Technology Group Co's current Days Payable of 101.41 is 13% below median its 10-year median of 116.47. Over the past 10 years, this metric has ranged from a low of 81.82 to a high of 185.86. The Consumer Packaged Goods industry median Days Payable is 44.14. Fujian Tianma Science and Technology Group Co's value of 101.41 is 129.7% above this industry median. Based on the distribution chart, Fujian Tianma Science and Technology Group Co ranks #332 out of 1893 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Fujian Tianma Science and Technology Group 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 Fujian Tianma Science and Technology Group Co's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fujian Tianma Science and Technology Group Co ranks #332 out of 1893 companies for Days Payable. This places Fujian Tianma Science and Technology Group Co in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.14. Fujian Tianma Science and Technology Group Co's value of 101.41 is 129.7% above this benchmark. Historically, Fujian Tianma Science and Technology Group Co's own Days Payable has ranged from 81.82 to 185.86 over the past decade. While the company's 10-year median is 116.47 vs. the industry median of 44.14, Fujian Tianma Science and Technology 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.14, based on 1,893 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. Fujian Tianma Science and Technology Group Co's current Days Payable of 101.41 is 129.7% 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 Fujian Tianma Science and Technology Group Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Tianma Science and Technology Group Co's current Days Payable is 101.41, which is 13% below median its own 10-year median of 116.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Tianma Science and Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Tianma Science and Technology Group Co (SHSE:603668) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.57, compared to a current price of ¥10.66 — trading 26.8% below its estimated fair value. The current Days Payable is 101.41, which is 13% below median its 10-year median of 116.47 and 129.7% above the Consumer Packaged Goods industry median of 44.14. Fujian Tianma Science and Technology Group Co's overall GF Score™ is 67/100 with 8 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 Fujian Tianma Science and Technology Group Co (SHSE:603668), the current Days Payable is 101.41 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 Fujian Tianma Science and Technology Group Co (SHSE:603668) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Tianma Science and Technology Group Co stock appears to be undervalued. The current stock price of ¥10.66 is trading 26.8% below its estimated GF Value™ of ¥14.57. GuruFocus considers Fujian Tianma Science and Technology Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603668:

  • Days Payable: 101.41 (13% below median its 10-year median of 116.47)
  • GF Value™: ¥14.57 vs. price of ¥10.66 (26.8% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 129.7% above the Consumer Packaged Goods median (#332 of 1893)

No single metric tells the full story. See the SHSE:603668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Tianma Science and Technology Group Co Business Description

Address Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308
Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.
67GF Score

Get the complete analysis for SHSE:603668

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

¥10.66
Price
¥14.57
GF Value