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* 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.
Silvery Dragon Group Co Tianjin Days Payable Chart
SHSE:603969 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Silvery Dragon Group Co Tianjin'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.
Silvery Dragon Group Co Tianjin Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Silvery Dragon Group Co Tianjin's Days Payable distribution charts can be found below:
* The bar in red indicates where Silvery Dragon Group Co Tianjin's Days Payable falls into.
Silvery Dragon Group Co Tianjin 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.
Silvery Dragon Group Co Tianjin (SHSE:603969) has a Days Payable of 99.32 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 Silvery Dragon Group Co Tianjin and its competitors. This is 22% above median its historical median of 81.16. Over the past decade, Silvery Dragon Group Co Tianjin's Days Payable has ranged from 15.63 to 126.61. According to the industry distribution chart, Silvery Dragon Group Co Tianjin ranks #144 out of 598 companies in the Steel industry, placing it in the top 24.1%.
Is Silvery Dragon Group Co Tianjin's Days Payable too high?
Silvery Dragon Group Co Tianjin's current Days Payable of 99.32 is 22% above median its 10-year median of 81.16. Over the past 10 years, this metric has ranged from a low of 15.63 to a high of 126.61. The Steel industry median Days Payable is 41.37. Silvery Dragon Group Co Tianjin's value of 99.32 is 140.1% above this industry median. Based on the distribution chart, Silvery Dragon Group Co Tianjin ranks #144 out of 598 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Silvery Dragon Group Co Tianjin has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Silvery Dragon Group Co Tianjin's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Silvery Dragon Group Co Tianjin ranks #144 out of 598 companies for Days Payable. This places Silvery Dragon Group Co Tianjin in the top 24% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.37. Silvery Dragon Group Co Tianjin's value of 99.32 is 140.1% above this benchmark. Historically, Silvery Dragon Group Co Tianjin's own Days Payable has ranged from 15.63 to 126.61 over the past decade. While the company's 10-year median is 81.16 vs. the industry median of 41.37, Silvery Dragon Group Co Tianjin 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Silvery Dragon Group Co Tianjin's current Days Payable of 99.32 is 140.1% 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 Silvery Dragon Group Co Tianjin and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silvery Dragon Group Co Tianjin's current Days Payable is 99.32, which is 22% above median its own 10-year median of 81.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silvery Dragon Group Co Tianjin stock overvalued right now?
Based on GuruFocus' analysis, Silvery Dragon Group Co Tianjin (SHSE:603969) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.54, compared to a current price of ¥7.10 — trading 5.8% below its estimated fair value. The current Days Payable is 99.32, which is 22% above median its 10-year median of 81.16 and 140.1% above the Steel industry median of 41.37. Silvery Dragon Group Co Tianjin's overall GF Score™ is 84/100 with 2 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 Silvery Dragon Group Co Tianjin (SHSE:603969), the current Days Payable is 99.32 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 Silvery Dragon Group Co Tianjin (SHSE:603969) Overvalued in 2026?
Based on GuruFocus' analysis, Silvery Dragon Group Co Tianjin stock appears to be undervalued.
The current stock price of ¥7.10 is trading 5.8% below its estimated GF Value™ of ¥7.54.
GuruFocus considers Silvery Dragon Group Co Tianjin to be Fairly Valued.
Key valuation signals for SHSE:603969:
Days Payable: 99.32 (22% above median its 10-year median of 81.16)
GF Value™: ¥7.54 vs. price of ¥7.10 (5.8% below fair value)
Industry Position: 140.1% above the Steel median (#144 of 598)
No single metric tells the full story. See the SHSE:603969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silvery Dragon Group Co Tianjin Business Description
Silvery Dragon Group Co Ltd Tianjin is engaged in the research, development, production, and sale of steel for prestressed concrete. Its licensed business activities include the production of steel bar products for construction, the undertaking of construction projects and the design of construction projects.
84GF Score
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