Anji Foodstuff Co (SHSE:603696) Days Payable: 24.29 (As of Mar. 2026) — 25% Above 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:603696 Anji Foodstuff Co Ltd SHSE:603696
72 GF Score
Price ¥13.34
GF Value ¥10.02
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Anji Foodstuff Co Days Payable?

Anji Foodstuff Co SHSE:603696 +0.98% 72 Days Payable is 24.29 as of Mar. 2026, which is 25% above its 10-year median of 19.38. GuruFocus rates SHSE:603696 with a GF Score™ of 72/100 and a GF Value™ of ¥10.02 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,893 Consumer Packaged Goods companies, Anji Foodstuff Co ranks worse than 94.45% on this metric.

Anji Foodstuff Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥26.7 Mil. Anji Foodstuff Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥100.2 Mil. Hence, Anji Foodstuff Co's Days Payable for the three months ended in Mar. 2026 was 24.29.

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

SHSE:603696' s Days Payable Range Over the Past 10 Years
Min: 10.13   Med: 19.38   Max: 27.65
Current: 10.66

During the past 13 years, Anji Foodstuff Co's highest Days Payable was 27.65. The lowest was 10.13. And the median was 19.38.

SHSE:603696's Days Payable is ranked worse than
94.45% of 1893 companies
in the Consumer Packaged Goods industry
Industry Median: 43.93 vs SHSE:603696: 10.66

Anji Foodstuff Co's Days Payable increased from Mar. 2025 (5.58) to Mar. 2026 (24.29). It may suggest that Anji Foodstuff Co delayed paying its suppliers.


Anji Foodstuff Co Days Payable Historical Data

* Premium members only.

The historical data trend for Anji Foodstuff 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.

Anji Foodstuff Co Days Payable Chart

Anji Foodstuff 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 22.35 27.65 21.58 16.83 19.23

Anji Foodstuff 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 5.58 4.13 4.21 16.96 24.29

SHSE:603696 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Anji Foodstuff 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.


Anji Foodstuff Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anji Foodstuff Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anji Foodstuff Co's Days Payable falls into.


SHSE:603696
72GF Score
Anji Foodstuff Co Ltd SHSE:603696
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anji Foodstuff 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.

Anji Foodstuff 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
=( (6.787 + 44.175) / 2 ) / 483.685*365
=25.481 / 483.685*365
=19.23

Anji Foodstuff 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
=( (44.175 + 9.15) / 2 ) / 100.166*365 / 4
=26.6625 / 100.166*365 / 4
=24.29

* 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 24.29 mean?
Anji Foodstuff Co (SHSE:603696) has a Days Payable of 24.29 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 Anji Foodstuff Co and its competitors. This is 25% above median its historical median of 19.38. Over the past decade, Anji Foodstuff Co's Days Payable has ranged from 10.13 to 27.65. According to the industry distribution chart, Anji Foodstuff Co ranks #1788 out of 1893 companies in the Consumer Packaged Goods industry, placing it in the top 94.5%.
Is Anji Foodstuff Co's Days Payable too high?
Anji Foodstuff Co's current Days Payable of 24.29 is 25% above median its 10-year median of 19.38. Over the past 10 years, this metric has ranged from a low of 10.13 to a high of 27.65. The Consumer Packaged Goods industry median Days Payable is 43.93. Anji Foodstuff Co's value of 24.29 is 44.7% below this industry median. Based on the distribution chart, Anji Foodstuff Co ranks #1788 out of 1893 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Anji Foodstuff Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anji Foodstuff Co's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Anji Foodstuff Co ranks #1788 out of 1893 companies for Days Payable. This places Anji Foodstuff Co in the lower half of its industry. The industry median Days Payable is 43.93. Anji Foodstuff Co's value of 24.29 is 44.7% below this benchmark. Historically, Anji Foodstuff Co's own Days Payable has ranged from 10.13 to 27.65 over the past decade. While the company's 10-year median is 19.38 vs. the industry median of 43.93, Anji Foodstuff Co has consistently been below 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 43.93, 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. Anji Foodstuff Co's current Days Payable of 24.29 is 44.7% below 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 Anji Foodstuff Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anji Foodstuff Co's current Days Payable is 24.29, which is 25% above median its own 10-year median of 19.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anji Foodstuff Co stock overvalued right now?
Based on GuruFocus' analysis, Anji Foodstuff Co (SHSE:603696) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.02, compared to a current price of ¥13.34 — trading 33.1% above its estimated fair value. The current Days Payable is 24.29, which is 25% above median its 10-year median of 19.38 and 44.7% below the Consumer Packaged Goods industry median of 43.93. Anji Foodstuff Co's overall GF Score™ is 72/100 with 4 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 Anji Foodstuff Co (SHSE:603696), the current Days Payable is 24.29 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 Anji Foodstuff Co (SHSE:603696) Overvalued in 2026?

Based on GuruFocus' analysis, Anji Foodstuff Co stock appears to be overvalued. The current stock price of ¥13.34 is trading 33.1% above its estimated GF Value™ of ¥10.02. GuruFocus considers Anji Foodstuff Co to be Significantly Overvalued.

Key valuation signals for SHSE:603696:

  • Days Payable: 24.29 (25% above median its 10-year median of 19.38)
  • GF Value™: ¥10.02 vs. price of ¥13.34 (33.1% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 44.7% below the Consumer Packaged Goods median (#1788 of 1893)

No single metric tells the full story. See the SHSE:603696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anji Foodstuff Co Business Description

Address 4-9A, Qingmeng Science and Technology Industrial Zone, Fujian Province, Quanzhou, CHN, 362005
Anji Foodstuff Co Ltd is engaged in the research and development, production and sales of seasoning. The company has five products namely seasoning powder of mixed flavors, seasoning from natural extracts, herbs and spices, sauce and condensed soup. Its seasoning powder of mixed flavors includes seasoning for spare-rib, concentrated pork stock, beef powder, and other. Its seasonings from natural extracts comprise mushroom extract seasoning, bonito flavor bisque, scallop bisque, and others. The company herbs and spices comprise white pepper powder, five spices powder, and others; sauces include oyster, chili, curry seasoning, spare rib, and other sauces.
72GF Score

Get the complete analysis for SHSE:603696

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

¥13.34
Price
¥10.02
GF Value