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What is Hefei Changqing Machinery Co Days Payable?
Hefei Changqing Machinery CoSHSE:603768 -3.56%65 Days Payable is 190.49 as of Mar. 2026, which is 65% above its 10-year median of 115.50. GuruFocus rates SHSE:603768 with a GF Score™ of 65/100 and a GF Value™ of ¥12.42 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Hefei Changqing Machinery Co ranks better than 85.15% on this metric.
The historical rank and industry rank for Hefei Changqing Machinery Co's Days Payable or its related term are showing as below:
SHSE:603768'
s Days Payable Range Over the Past 10 Years
Min: 59.44 Med: 115.5 Max: 163.08
Current: 157.39
During the past 13 years, Hefei Changqing Machinery Co's highest Days Payable was 163.08. The lowest was 59.44. And the median was 115.50.
SHSE:603768's Days Payable is ranked better than 85.15% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 67.255
vs SHSE:603768: 157.39
* 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.
For the Auto Parts subindustry, Hefei Changqing Machinery 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.
Hefei Changqing Machinery Co Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hefei Changqing Machinery Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Hefei Changqing Machinery Co's Days Payable falls into.
Hefei Changqing Machinery 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.
Hefei Changqing Machinery Co (SHSE:603768) has a Days Payable of 190.49 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 Hefei Changqing Machinery Co and its competitors. This is 65% above median its historical median of 115.50. Over the past decade, Hefei Changqing Machinery Co's Days Payable has ranged from 59.44 to 163.08. According to the industry distribution chart, Hefei Changqing Machinery Co ranks #194 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 14.9%.
Is Hefei Changqing Machinery Co's Days Payable too high?
Hefei Changqing Machinery Co's current Days Payable of 190.49 is 65% above median its 10-year median of 115.50. Over the past 10 years, this metric has ranged from a low of 59.44 to a high of 163.08. The Vehicles & Parts industry median Days Payable is 67.26. Hefei Changqing Machinery Co's value of 190.49 is 183.2% above this industry median. Based on the distribution chart, Hefei Changqing Machinery Co ranks #194 out of 1306 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Hefei Changqing Machinery Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hefei Changqing Machinery Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hefei Changqing Machinery Co ranks #194 out of 1306 companies for Days Payable. This places Hefei Changqing Machinery Co in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 67.26. Hefei Changqing Machinery Co's value of 190.49 is 183.2% above this benchmark. Historically, Hefei Changqing Machinery Co's own Days Payable has ranged from 59.44 to 163.08 over the past decade. While the company's 10-year median is 115.50 vs. the industry median of 67.26, Hefei Changqing Machinery 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.26, based on 1,306 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. Hefei Changqing Machinery Co's current Days Payable of 190.49 is 183.2% 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 Hefei Changqing Machinery Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hefei Changqing Machinery Co's current Days Payable is 190.49, which is 65% above median its own 10-year median of 115.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei Changqing Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hefei Changqing Machinery Co (SHSE:603768) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.42, compared to a current price of ¥9.76 — trading 21.4% below its estimated fair value. The current Days Payable is 190.49, which is 65% above median its 10-year median of 115.50 and 183.2% above the Vehicles & Parts industry median of 67.26. Hefei Changqing Machinery Co's overall GF Score™ is 65/100 with 11 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 Hefei Changqing Machinery Co (SHSE:603768), the current Days Payable is 190.49 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 Hefei Changqing Machinery Co (SHSE:603768) Overvalued in 2026?
Based on GuruFocus' analysis, Hefei Changqing Machinery Co stock appears to be undervalued.
The current stock price of ¥9.76 is trading 21.4% below its estimated GF Value™ of ¥12.42.
GuruFocus considers Hefei Changqing Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603768:
Days Payable: 190.49 (65% above median its 10-year median of 115.50)
GF Value™: ¥12.42 vs. price of ¥9.76 (21.4% below fair value)
Industry Position: 183.2% above the Vehicles & Parts median (#194 of 1306)
No single metric tells the full story. See the SHSE:603768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hefei Changqing Machinery Co Ltd is a China based company primarily engaged in the manufacturing of automotive parts. The company researches, develops, and produces automotive stamping, mold fixture products, and welding parts. It offers products for passenger cars, VIP cars, commercial vehicles, electrophoresis, and other series. The product portfolio of the company comprises chassis frame, air reservoir, silencer, forklift roof, stringer, and other related accessories.
65GF Score
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