Zoy Home Furnishing Co (SHSE:603709) Days Payable: 105.97 (As of Mar. 2026) — 28% Below Median

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SHSE:603709 Zoy Home Furnishing Co Ltd SHSE:603709
78 GF Score
Price ¥10.81
GF Value ¥13.90
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Zoy Home Furnishing Co Days Payable?

Zoy Home Furnishing Co SHSE:603709 +0.46% 78 Days Payable is 105.97 as of Mar. 2026, which is 28% below its 10-year median of 146.43. GuruFocus rates SHSE:603709 with a GF Score™ of 78/100 and a GF Value™ of ¥13.90 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Zoy Home Furnishing Co ranks better than 72.12% on this metric.

Zoy Home Furnishing Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥409 Mil. Zoy Home Furnishing Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥352 Mil. Hence, Zoy Home Furnishing Co's Days Payable for the three months ended in Mar. 2026 was 105.97.

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

SHSE:603709' s Days Payable Range Over the Past 10 Years
Min: 103.69   Med: 146.43   Max: 158.87
Current: 103.69

During the past 13 years, Zoy Home Furnishing Co's highest Days Payable was 158.87. The lowest was 103.69. And the median was 146.43.

SHSE:603709's Days Payable is ranked better than
72.12% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.03 vs SHSE:603709: 103.69

Zoy Home Furnishing Co's Days Payable declined from Mar. 2025 (137.82) to Mar. 2026 (105.97). It may suggest that Zoy Home Furnishing Co accelerated paying its suppliers.


Zoy Home Furnishing Co Days Payable Historical Data

* Premium members only.

The historical data trend for Zoy Home Furnishing 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.

Zoy Home Furnishing Co Days Payable Chart

Zoy Home Furnishing 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 146.42 158.05 128.63 117.39 120.80

Zoy Home Furnishing 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 137.82 115.81 105.92 88.77 105.97

SHSE:603709 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Zoy Home Furnishing 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.


Zoy Home Furnishing Co Days Payable vs Furnishings, Fixtures & Appliances Industry

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

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


SHSE:603709
78GF Score
Zoy Home Furnishing Co Ltd SHSE:603709
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zoy Home Furnishing 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.

Zoy Home Furnishing 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
=( (443.78 + 406.075) / 2 ) / 1283.919*365
=424.9275 / 1283.919*365
=120.80

Zoy Home Furnishing 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
=( (406.075 + 412.441) / 2 ) / 352.393*365 / 4
=409.258 / 352.393*365 / 4
=105.97

* 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 105.97 mean?
Zoy Home Furnishing Co (SHSE:603709) has a Days Payable of 105.97 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 Zoy Home Furnishing Co and its competitors. This is 28% below median its historical median of 146.43. Over the past decade, Zoy Home Furnishing Co's Days Payable has ranged from 103.69 to 158.87. According to the industry distribution chart, Zoy Home Furnishing Co ranks #116 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 27.9%.
Is Zoy Home Furnishing Co's Days Payable too high?
Zoy Home Furnishing Co's current Days Payable of 105.97 is 28% below median its 10-year median of 146.43. Over the past 10 years, this metric has ranged from a low of 103.69 to a high of 158.87. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.03. Zoy Home Furnishing Co's value of 105.97 is 68.1% above this industry median. Based on the distribution chart, Zoy Home Furnishing Co ranks #116 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Zoy Home Furnishing Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zoy Home Furnishing Co's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Zoy Home Furnishing Co ranks #116 out of 416 companies for Days Payable. This puts Zoy Home Furnishing Co in the upper half of its industry. The industry median Days Payable is 63.03. Zoy Home Furnishing Co's value of 105.97 is 68.1% above this benchmark. Historically, Zoy Home Furnishing Co's own Days Payable has ranged from 103.69 to 158.87 over the past decade. While the company's 10-year median is 146.43 vs. the industry median of 63.03, Zoy Home Furnishing 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. Zoy Home Furnishing Co's current Days Payable of 105.97 is 68.1% 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 Zoy Home Furnishing 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. Zoy Home Furnishing Co's current Days Payable is 105.97, which is 28% below median its own 10-year median of 146.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoy Home Furnishing Co stock overvalued right now?
Based on GuruFocus' analysis, Zoy Home Furnishing Co (SHSE:603709) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.90, compared to a current price of ¥10.81 — trading 22.2% below its estimated fair value. The current Days Payable is 105.97, which is 28% below median its 10-year median of 146.43 and 68.1% above the Furnishings, Fixtures & Appliances industry median of 63.03. Zoy Home Furnishing Co's overall GF Score™ is 78/100 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 Zoy Home Furnishing Co (SHSE:603709), the current Days Payable is 105.97 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 Zoy Home Furnishing Co (SHSE:603709) Overvalued in 2026?

Based on GuruFocus' analysis, Zoy Home Furnishing Co stock appears to be undervalued. The current stock price of ¥10.81 is trading 22.2% below its estimated GF Value™ of ¥13.90. GuruFocus considers Zoy Home Furnishing Co to be Modestly Undervalued.

Key valuation signals for SHSE:603709:

  • Days Payable: 105.97 (28% below median its 10-year median of 146.43)
  • GF Value™: ¥13.90 vs. price of ¥10.81 (22.2% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 68.1% above the Furnishings, Fixtures & Appliances median (#116 of 416)

No single metric tells the full story. See the SHSE:603709 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zoy Home Furnishing Co Business Description

Address Tangpu Industrial Park, Building 2-5, Anji County, Zhejiang Province, Huzhou, CHN, 313300
Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.
78GF Score

Get the complete analysis for SHSE:603709

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

¥10.81
Price
¥13.90
GF Value