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Harson Trading (China) CoSHSE:603958 +1.21%64 Days Payable is 97.19 as of Jun. 2026, which is 9% below its 10-year median of 106.68. GuruFocus rates SHSE:603958 with a GF Score™ of 64/100 and a GF Value™ of ¥17.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,027 Manufacturing - Apparel & Accessories companies, Harson Trading (China) Co ranks better than 79.36% on this metric.
The historical rank and industry rank for Harson Trading (China) Co's Days Payable or its related term are showing as below:
SHSE:603958'
s Days Payable Range Over the Past 10 Years
Min: 94.04 Med: 106.68 Max: 183.22
Current: 109.44
During the past 13 years, Harson Trading (China) Co's highest Days Payable was 183.22. The lowest was 94.04. And the median was 106.68.
SHSE:603958's Days Payable is ranked better than 79.36% of 1027
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.08
vs SHSE:603958: 109.44
* 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.
SHSE:603958 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Harson Trading (China) 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.
Harson Trading (China) Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Harson Trading (China) Co's Days Payable falls into.
Harson Trading (China) 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.
Harson Trading (China) Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Harson Trading (China) Co (SHSE:603958) has a Days Payable of 97.19 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Harson Trading (China) Co and its competitors. This is near median its historical median of 106.68. Over the past decade, Harson Trading (China) Co's Days Payable has ranged from 94.04 to 183.22. According to the industry distribution chart, Harson Trading (China) Co ranks #212 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 20.6%.
Is Harson Trading (China) Co's Days Payable too high?
Harson Trading (China) Co's current Days Payable of 97.19 is near median its 10-year median of 106.68. Over the past 10 years, this metric has ranged from a low of 94.04 to a high of 183.22. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.08. Harson Trading (China) Co's value of 97.19 is 83.1% above this industry median. Based on the distribution chart, Harson Trading (China) Co ranks #212 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Harson Trading (China) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harson Trading (China) Co's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harson Trading (China) Co ranks #212 out of 1027 companies for Days Payable. This places Harson Trading (China) Co in the top 21% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.08. Harson Trading (China) Co's value of 97.19 is 83.1% above this benchmark. Historically, Harson Trading (China) Co's own Days Payable has ranged from 94.04 to 183.22 over the past decade. While the company's 10-year median is 106.68 vs. the industry median of 53.08, Harson Trading (China) 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.08, based on 1,027 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. Harson Trading (China) Co's current Days Payable of 97.19 is 83.1% 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 Harson Trading (China) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harson Trading (China) Co's current Days Payable is 97.19, which is near median its own 10-year median of 106.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harson Trading (China) Co stock overvalued right now?
Based on GuruFocus' analysis, Harson Trading (China) Co (SHSE:603958) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.95, compared to a current price of ¥16.70 — trading 7% below its estimated fair value. The current Days Payable is 97.19, which is near median its 10-year median of 106.68 and 83.1% above the Manufacturing - Apparel & Accessories industry median of 53.08. Harson Trading (China) Co's overall GF Score™ is 64/100 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 Harson Trading (China) Co (SHSE:603958), the current Days Payable is 97.19 as of Jun. 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 Harson Trading (China) Co (SHSE:603958) Overvalued in 2026?
Based on GuruFocus' analysis, Harson Trading (China) Co stock appears to be undervalued.
The current stock price of ¥16.70 is trading 7% below its estimated GF Value™ of ¥17.95.
GuruFocus considers Harson Trading (China) Co to be Fairly Valued.
Key valuation signals for SHSE:603958:
Days Payable: 97.19 (near median its 10-year median of 106.68)
GF Value™: ¥17.95 vs. price of ¥16.70 (7% below fair value)
Industry Position: 83.1% above the Manufacturing - Apparel & Accessories median (#212 of 1027)
No single metric tells the full story. See the SHSE:603958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harson Trading (China) Co Ltd is a firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.
64GF Score
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