China Master Logistics Co (SHSE:603967) Days Payable: 41.27 (As of Mar. 2026) — 15% Above Median

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SHSE:603967 China Master Logistics Co Ltd SHSE:603967
81 GF Score
Price ¥11.49
GF Value ¥10.76
Valuation Fairly Valued
! 3 Warning Signs
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What is China Master Logistics Co Days Payable?

China Master Logistics Co SHSE:603967 -0.78% 81 Days Payable is 41.27 as of Mar. 2026, which is 15% above its 10-year median of 35.89. GuruFocus rates SHSE:603967 with a GF Score™ of 81/100 and a GF Value™ of ¥10.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 969 Transportation companies, China Master Logistics Co ranks better than 50.88% on this metric.

China Master Logistics Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥912 Mil. China Master Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥2,016 Mil. Hence, China Master Logistics Co's Days Payable for the three months ended in Mar. 2026 was 41.27.

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

SHSE:603967' s Days Payable Range Over the Past 10 Years
Min: 23.76   Med: 35.89   Max: 43.59
Current: 39.21

During the past 13 years, China Master Logistics Co's highest Days Payable was 43.59. The lowest was 23.76. And the median was 35.89.

SHSE:603967's Days Payable is ranked better than
50.88% of 969 companies
in the Transportation industry
Industry Median: 38.39 vs SHSE:603967: 39.21

China Master Logistics Co's Days Payable declined from Mar. 2025 (43.60) to Mar. 2026 (41.27). It may suggest that China Master Logistics Co accelerated paying its suppliers.


China Master Logistics Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Master Logistics 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.

China Master Logistics Co Days Payable Chart

China Master Logistics 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 23.76 27.19 35.83 27.35 43.59

China Master Logistics 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 43.60 39.22 38.76 39.63 41.27

SHSE:603967 vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, China Master Logistics 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.


China Master Logistics Co Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, China Master Logistics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Master Logistics Co's Days Payable falls into.


SHSE:603967
81GF Score
China Master Logistics Co Ltd SHSE:603967
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Master Logistics 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.

China Master Logistics 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
=( (1008.387 + 954.478) / 2 ) / 8217.099*365
=981.4325 / 8217.099*365
=43.59

China Master Logistics 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
=( (954.478 + 868.832) / 2 ) / 2015.957*365 / 4
=911.655 / 2015.957*365 / 4
=41.27

* 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 41.27 mean?
China Master Logistics Co (SHSE:603967) has a Days Payable of 41.27 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 China Master Logistics Co and its competitors. This is 15% above median its historical median of 35.89. Over the past decade, China Master Logistics Co's Days Payable has ranged from 23.76 to 43.59. According to the industry distribution chart, China Master Logistics Co ranks #476 out of 969 companies in the Transportation industry, placing it in the top 49.1%.
Is China Master Logistics Co's Days Payable too high?
China Master Logistics Co's current Days Payable of 41.27 is 15% above median its 10-year median of 35.89. Over the past 10 years, this metric has ranged from a low of 23.76 to a high of 43.59. The Transportation industry median Days Payable is 38.39. China Master Logistics Co's value of 41.27 is 7.5% above this industry median. Based on the distribution chart, China Master Logistics Co ranks #476 out of 969 companies in the Transportation industry, which is above the industry midpoint. Overall, China Master Logistics Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Master Logistics Co's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, China Master Logistics Co ranks #476 out of 969 companies for Days Payable. This puts China Master Logistics Co in the upper half of its industry. The industry median Days Payable is 38.39. China Master Logistics Co's value of 41.27 is 7.5% above this benchmark. Historically, China Master Logistics Co's own Days Payable has ranged from 23.76 to 43.59 over the past decade. While the company's 10-year median is 35.89 vs. the industry median of 38.39, China Master Logistics 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 Transportation company?
The median Days Payable among Transportation companies is 38.39, based on 969 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. China Master Logistics Co's current Days Payable of 41.27 is 7.5% 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 China Master Logistics Co and its competitors. For the Transportation industry, the median Days Payable is 38.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Master Logistics Co's current Days Payable is 41.27, which is 15% above median its own 10-year median of 35.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Master Logistics Co stock overvalued right now?
Based on GuruFocus' analysis, China Master Logistics Co (SHSE:603967) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.76, compared to a current price of ¥11.49 — trading 6.8% above its estimated fair value. The current Days Payable is 41.27, which is 15% above median its 10-year median of 35.89 and 7.5% above the Transportation industry median of 38.39. China Master Logistics Co's overall GF Score™ is 81/100 with 3 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 China Master Logistics Co (SHSE:603967), the current Days Payable is 41.27 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 China Master Logistics Co (SHSE:603967) Overvalued in 2026?

Based on GuruFocus' analysis, China Master Logistics Co stock appears to be overvalued. The current stock price of ¥11.49 is trading 6.8% above its estimated GF Value™ of ¥10.76. GuruFocus considers China Master Logistics Co to be Fairly Valued.

Key valuation signals for SHSE:603967:

  • Days Payable: 41.27 (15% above median its 10-year median of 35.89)
  • GF Value™: ¥10.76 vs. price of ¥11.49 (6.8% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 7.5% above the Transportation median (#476 of 969)

No single metric tells the full story. See the SHSE:603967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Master Logistics Co Business Description

Address No.169 ShenZhen Road, 23rd Floor, Zhongchuang Building, Laoshan District, Shandong, Qingdao, CHN, 266100
China Master Logistics Co Ltd is an integrated logistics company. The business of company mainly covers freight forwarding, CFS services, shipping agency, coastal transportation, project logistics, commodity Logistics and other areas with the service network covering the majority ports such as Ningbo, Lianyungang, Rizhao, Rongcheng, Qingdao and others.
81GF Score

Get the complete analysis for SHSE:603967

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

¥11.49
Price
¥10.76
GF Value