Zhejiang Great Shengda Packing Co (SHSE:603687) Days Payable: 105.40 (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:603687 Zhejiang Great Shengda Packing Co Ltd SHSE:603687
67 GF Score
Price ¥12.50
GF Value ¥9.66
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Zhejiang Great Shengda Packing Co Days Payable?

Zhejiang Great Shengda Packing Co SHSE:603687 +3.91% 67 Days Payable is 105.40 as of Mar. 2026, which is 2% above its 10-year median of 102.90. GuruFocus rates SHSE:603687 with a GF Score™ of 67/100 and a GF Value™ of ¥9.66 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 275 Forest Products companies, Zhejiang Great Shengda Packing Co ranks better than 69.82% on this metric.

Zhejiang Great Shengda Packing Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥482 Mil. Zhejiang Great Shengda Packing Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥417 Mil. Hence, Zhejiang Great Shengda Packing Co's Days Payable for the three months ended in Mar. 2026 was 105.40.

The historical rank and industry rank for Zhejiang Great Shengda Packing Co's Days Payable or its related term are showing as below:

SHSE:603687' s Days Payable Range Over the Past 10 Years
Min: 67.92   Med: 102.9   Max: 167.97
Current: 81.84

During the past 12 years, Zhejiang Great Shengda Packing Co's highest Days Payable was 167.97. The lowest was 67.92. And the median was 102.90.

SHSE:603687's Days Payable is ranked better than
69.82% of 275 companies
in the Forest Products industry
Industry Median: 56.5 vs SHSE:603687: 81.84

Zhejiang Great Shengda Packing Co's Days Payable increased from Mar. 2025 (85.04) to Mar. 2026 (105.40). It may suggest that Zhejiang Great Shengda Packing Co delayed paying its suppliers.


Zhejiang Great Shengda Packing Co Days Payable Related Terms


Zhejiang Great Shengda Packing Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zhejiang Great Shengda Packing 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.

Zhejiang Great Shengda Packing Co Days Payable Chart

Zhejiang Great Shengda Packing 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 69.15 67.92 92.41 88.05 88.63

Zhejiang Great Shengda Packing 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 85.04 75.36 68.79 76.53 105.40

Zhejiang Great Shengda Packing Co Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Zhejiang Great Shengda Packing 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.


Zhejiang Great Shengda Packing Co Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Great Shengda Packing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Great Shengda Packing Co's Days Payable falls into.


SHSE:603687
67GF Score
Zhejiang Great Shengda Packing Co Ltd SHSE:603687
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Great Shengda Packing 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.

Zhejiang Great Shengda Packing 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
=( (374.996 + 487.356) / 2 ) / 1775.676*365
=431.176 / 1775.676*365
=88.63

Zhejiang Great Shengda Packing 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
=( (487.356 + 476.549) / 2 ) / 417.243*365 / 4
=481.9525 / 417.243*365 / 4
=105.40

* 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 105.40 mean?
Zhejiang Great Shengda Packing Co (SHSE:603687) has a Days Payable of 105.40 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 Zhejiang Great Shengda Packing Co and its competitors. This is near median its historical median of 102.90. Over the past decade, Zhejiang Great Shengda Packing Co's Days Payable has ranged from 67.92 to 167.97. According to the industry distribution chart, Zhejiang Great Shengda Packing Co ranks #83 out of 275 companies in the Forest Products industry, placing it in the top 30.2%.
Is Zhejiang Great Shengda Packing Co's Days Payable too high?
Zhejiang Great Shengda Packing Co's current Days Payable of 105.40 is near median its 10-year median of 102.90. Over the past 10 years, this metric has ranged from a low of 67.92 to a high of 167.97. The Forest Products industry median Days Payable is 56.50. Zhejiang Great Shengda Packing Co's value of 105.40 is 86.5% above this industry median. Based on the distribution chart, Zhejiang Great Shengda Packing Co ranks #83 out of 275 companies in the Forest Products industry, which is above the industry midpoint. Overall, Zhejiang Great Shengda Packing Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Great Shengda Packing Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Zhejiang Great Shengda Packing Co ranks #83 out of 275 companies for Days Payable. This puts Zhejiang Great Shengda Packing Co in the upper half of its industry. The industry median Days Payable is 56.50. Zhejiang Great Shengda Packing Co's value of 105.40 is 86.5% above this benchmark. Historically, Zhejiang Great Shengda Packing Co's own Days Payable has ranged from 67.92 to 167.97 over the past decade. While the company's 10-year median is 102.90 vs. the industry median of 56.50, Zhejiang Great Shengda Packing 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 Forest Products company?
The median Days Payable among Forest Products companies is 56.50, based on 275 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. Zhejiang Great Shengda Packing Co's current Days Payable of 105.40 is 86.5% 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 Zhejiang Great Shengda Packing Co and its competitors. For the Forest Products industry, the median Days Payable is 56.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Great Shengda Packing Co's current Days Payable is 105.40, which is near median its own 10-year median of 102.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Great Shengda Packing Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co (SHSE:603687) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.66, compared to a current price of ¥12.50 — trading 29.4% above its estimated fair value. The current Days Payable is 105.40, which is near median its 10-year median of 102.90 and 86.5% above the Forest Products industry median of 56.50. Zhejiang Great Shengda Packing Co's overall GF Score™ is 67/100 with 3 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 Zhejiang Great Shengda Packing Co (SHSE:603687), the current Days Payable is 105.40 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 Zhejiang Great Shengda Packing Co (SHSE:603687) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co stock appears to be overvalued. The current stock price of ¥12.50 is trading 29.4% above its estimated GF Value™ of ¥9.66. GuruFocus considers Zhejiang Great Shengda Packing Co to be Modestly Overvalued.

Key valuation signals for SHSE:603687:

  • Days Payable: 105.40 (near median its 10-year median of 102.90)
  • GF Value™: ¥9.66 vs. price of ¥12.50 (29.4% above fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 86.5% above the Forest Products median (#83 of 275)

No single metric tells the full story. See the SHSE:603687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Great Shengda Packing Co Business Description

Address No. 518, Kenrui Road, Hongken Farm, Xiaoshan Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215
Zhejiang Great Shengda Packing Co Ltd is engaged in the development, production, printing and sales of corrugated boxes and cardboard.
67GF Score

Get the complete analysis for SHSE:603687

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

¥12.50
Price
¥9.66
GF Value