Qingdao Richen Food Co (SHSE:603755) Days Payable: 118.96 (As of Mar. 2026) — 23% 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:603755 Qingdao Richen Food Co Ltd SHSE:603755
76 GF Score
Price ¥22.39
GF Value ¥34.74
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Qingdao Richen Food Co Days Payable?

Qingdao Richen Food Co SHSE:603755 -4.97% 76 Days Payable is 118.96 as of Mar. 2026, which is 23% above its 10-year median of 96.45. GuruFocus rates SHSE:603755 with a GF Score™ of 76/100 and a GF Value™ of ¥34.74 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,892 Consumer Packaged Goods companies, Qingdao Richen Food Co ranks better than 82.03% on this metric.

Qingdao Richen Food Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥105.3 Mil. Qingdao Richen Food Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥80.8 Mil. Hence, Qingdao Richen Food Co's Days Payable for the three months ended in Mar. 2026 was 118.96.

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

SHSE:603755' s Days Payable Range Over the Past 10 Years
Min: 78.72   Med: 96.45   Max: 160.58
Current: 95.79

During the past 12 years, Qingdao Richen Food Co's highest Days Payable was 160.58. The lowest was 78.72. And the median was 96.45.

SHSE:603755's Days Payable is ranked better than
82.03% of 1892 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs SHSE:603755: 95.79

Qingdao Richen Food Co's Days Payable increased from Mar. 2025 (105.06) to Mar. 2026 (118.96). It may suggest that Qingdao Richen Food Co delayed paying its suppliers.


Qingdao Richen Food Co Days Payable Historical Data

* Premium members only.

The historical data trend for Qingdao Richen Food 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.

Qingdao Richen Food Co Days Payable Chart

Qingdao Richen Food 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 94.13 134.18 160.58 144.65 117.65

Qingdao Richen Food 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 105.06 81.73 73.04 108.18 118.96

SHSE:603755 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Qingdao Richen Food 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.


Qingdao Richen Food Co Days Payable vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Qingdao Richen Food Co's Days Payable falls into.


SHSE:603755
76GF Score
Qingdao Richen Food Co Ltd SHSE:603755
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qingdao Richen Food 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.

Qingdao Richen Food 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
=( (84.719 + 103.489) / 2 ) / 291.939*365
=94.104 / 291.939*365
=117.65

Qingdao Richen Food 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
=( (103.489 + 107.181) / 2 ) / 80.797*365 / 4
=105.335 / 80.797*365 / 4
=118.96

* 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 118.96 mean?
Qingdao Richen Food Co (SHSE:603755) has a Days Payable of 118.96 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 Qingdao Richen Food Co and its competitors. This is 23% above median its historical median of 96.45. Over the past decade, Qingdao Richen Food Co's Days Payable has ranged from 78.72 to 160.58. According to the industry distribution chart, Qingdao Richen Food Co ranks #340 out of 1892 companies in the Consumer Packaged Goods industry, placing it in the top 18%.
Is Qingdao Richen Food Co's Days Payable too high?
Qingdao Richen Food Co's current Days Payable of 118.96 is 23% above median its 10-year median of 96.45. Over the past 10 years, this metric has ranged from a low of 78.72 to a high of 160.58. The Consumer Packaged Goods industry median Days Payable is 44.15. Qingdao Richen Food Co's value of 118.96 is 169.5% above this industry median. Based on the distribution chart, Qingdao Richen Food Co ranks #340 out of 1892 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Qingdao Richen Food Co has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Richen Food Co's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Qingdao Richen Food Co ranks #340 out of 1892 companies for Days Payable. This places Qingdao Richen Food Co in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.15. Qingdao Richen Food Co's value of 118.96 is 169.5% above this benchmark. Historically, Qingdao Richen Food Co's own Days Payable has ranged from 78.72 to 160.58 over the past decade. While the company's 10-year median is 96.45 vs. the industry median of 44.15, Qingdao Richen Food 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 44.15, based on 1,892 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. Qingdao Richen Food Co's current Days Payable of 118.96 is 169.5% 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 Qingdao Richen Food Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Richen Food Co's current Days Payable is 118.96, which is 23% above median its own 10-year median of 96.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Richen Food Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Richen Food Co (SHSE:603755) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥34.74, compared to a current price of ¥22.39 — trading 35.5% below its estimated fair value. The current Days Payable is 118.96, which is 23% above median its 10-year median of 96.45 and 169.5% above the Consumer Packaged Goods industry median of 44.15. Qingdao Richen Food Co's overall GF Score™ is 76/100 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 Qingdao Richen Food Co (SHSE:603755), the current Days Payable is 118.96 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 Qingdao Richen Food Co (SHSE:603755) Overvalued in 2026?

Based on GuruFocus' analysis, Qingdao Richen Food Co stock appears to be undervalued. The current stock price of ¥22.39 is trading 35.5% below its estimated GF Value™ of ¥34.74. GuruFocus considers Qingdao Richen Food Co to be Significantly Undervalued.

Key valuation signals for SHSE:603755:

  • Days Payable: 118.96 (23% above median its 10-year median of 96.45)
  • GF Value™: ¥34.74 vs. price of ¥22.39 (35.5% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 169.5% above the Consumer Packaged Goods median (#340 of 1892)

No single metric tells the full story. See the SHSE:603755 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qingdao Richen Food Co Business Description

Address Number 20, Longshan Road, Qingdao Environmental Protection Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200
Qingdao Richen Food Co Ltd is engaged in Research, development, production and sales of sauces, powdered seasonings and food additives.
76GF Score

Get the complete analysis for SHSE:603755

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

¥22.39
Price
¥34.74
GF Value