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* 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 Smith Adhesive New Material Co Days Payable Chart
Shanghai Smith Adhesive New Material Co Annual Data
SHSE:603683 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Shanghai Smith Adhesive New Material 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 Smith Adhesive New Material Co Days Payable vs Chemicals Industry
Shanghai Smith Adhesive New Material 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.
* 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 Smith Adhesive New Material Co (SHSE:603683) has a Days Payable of 89.91 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 Smith Adhesive New Material Co and its competitors. This is 40% above median its historical median of 64.35. Over the past decade, Shanghai Smith Adhesive New Material Co's Days Payable has ranged from 53.11 to 75.51. According to the industry distribution chart, Shanghai Smith Adhesive New Material Co ranks #580 out of 1553 companies in the Chemicals industry, placing it in the top 37.3%.
Is Shanghai Smith Adhesive New Material Co's Days Payable too high?
Shanghai Smith Adhesive New Material Co's current Days Payable of 89.91 is 40% above median its 10-year median of 64.35. Over the past 10 years, this metric has ranged from a low of 53.11 to a high of 75.51. The Chemicals industry median Days Payable is 59.87. Shanghai Smith Adhesive New Material Co's value of 89.91 is 50.2% above this industry median. Based on the distribution chart, Shanghai Smith Adhesive New Material Co ranks #580 out of 1553 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shanghai Smith Adhesive New Material Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Smith Adhesive New Material Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shanghai Smith Adhesive New Material Co ranks #580 out of 1553 companies for Days Payable. This puts Shanghai Smith Adhesive New Material Co in the upper half of its industry. The industry median Days Payable is 59.87. Shanghai Smith Adhesive New Material Co's value of 89.91 is 50.2% above this benchmark. Historically, Shanghai Smith Adhesive New Material Co's own Days Payable has ranged from 53.11 to 75.51 over the past decade. While the company's 10-year median is 64.35 vs. the industry median of 59.87, Shanghai Smith Adhesive New Material 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,553 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 Smith Adhesive New Material Co's current Days Payable of 89.91 is 50.2% 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 Smith Adhesive New Material Co and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Smith Adhesive New Material Co's current Days Payable is 89.91, which is 40% above median its own 10-year median of 64.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Smith Adhesive New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Smith Adhesive New Material Co (SHSE:603683) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.21, compared to a current price of ¥14.01 — trading 14.7% above its estimated fair value. The current Days Payable is 89.91, which is 40% above median its 10-year median of 64.35 and 50.2% above the Chemicals industry median of 59.87. Shanghai Smith Adhesive New Material Co's overall GF Score™ is 74/100 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 Shanghai Smith Adhesive New Material Co (SHSE:603683), the current Days Payable is 89.91 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 Smith Adhesive New Material Co (SHSE:603683) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Smith Adhesive New Material Co stock appears to be overvalued.
The current stock price of ¥14.01 is trading 14.7% above its estimated GF Value™ of ¥12.21.
GuruFocus considers Shanghai Smith Adhesive New Material Co to be Modestly Overvalued.
Key valuation signals for SHSE:603683:
Days Payable: 89.91 (40% above median its 10-year median of 64.35)
GF Value™: ¥12.21 vs. price of ¥14.01 (14.7% above fair value)
Industry Position: 50.2% above the Chemicals median (#580 of 1553)
No single metric tells the full story. See the SHSE:603683 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Smith Adhesive New Material Co Ltd is engaged in producing and manufacturing adhesive materials, including special paper, profile adhesive tape, electronic adhesive tape, cloth-based adhesive tape and other adhesive tape products. Its main products include masking tape, duct tape, rice tape, double-sided tape, foam tape, aluminum foil tape, kraft paper tape, bopp tape, covering tape and industrial tape. Products are widely used in various fields such as household, automotive, stationary, electronic and other fields.
74GF Score
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