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SEC Electric Machinery CoSHSE:603988 +10.02%63 Days Payable is 257.56 as of Mar. 2026, which is 21% above its 10-year median of 212.24. GuruFocus rates SHSE:603988 with a GF Score™ of 63/100 and a GF Value™ of ¥15.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, SEC Electric Machinery Co ranks better than 84.43% on this metric.
The historical rank and industry rank for SEC Electric Machinery Co's Days Payable or its related term are showing as below:
SHSE:603988'
s Days Payable Range Over the Past 10 Years
Min: 152.97 Med: 212.24 Max: 277.09
Current: 189.63
During the past 13 years, SEC Electric Machinery Co's highest Days Payable was 277.09. The lowest was 152.97. And the median was 212.24.
SHSE:603988's Days Payable is ranked better than 84.43% of 2993
companies
in the Industrial Products industry
Industry Median: 78.08
vs SHSE:603988: 189.63
* 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:603988 vs GEV, ETN, PH: Days Payable Comparison
For the Specialty Industrial Machinery subindustry, SEC Electric 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.
SEC Electric Machinery Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SEC Electric Machinery Co's Days Payable distribution charts can be found below:
* The bar in red indicates where SEC Electric Machinery Co's Days Payable falls into.
SEC Electric 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.
SEC Electric Machinery 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.
SEC Electric Machinery Co (SHSE:603988) has a Days Payable of 257.56 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 SEC Electric Machinery Co and its competitors. This is 21% above median its historical median of 212.24. Over the past decade, SEC Electric Machinery Co's Days Payable has ranged from 152.97 to 277.09. According to the industry distribution chart, SEC Electric Machinery Co ranks #466 out of 2993 companies in the Industrial Products industry, placing it in the top 15.6%.
Is SEC Electric Machinery Co's Days Payable too high?
SEC Electric Machinery Co's current Days Payable of 257.56 is 21% above median its 10-year median of 212.24. Over the past 10 years, this metric has ranged from a low of 152.97 to a high of 277.09. The Industrial Products industry median Days Payable is 78.08. SEC Electric Machinery Co's value of 257.56 is 229.9% above this industry median. Based on the distribution chart, SEC Electric Machinery Co ranks #466 out of 2993 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, SEC Electric Machinery Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SEC Electric Machinery Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, SEC Electric Machinery Co ranks #466 out of 2993 companies for Days Payable. This places SEC Electric Machinery Co in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.08. SEC Electric Machinery Co's value of 257.56 is 229.9% above this benchmark. Historically, SEC Electric Machinery Co's own Days Payable has ranged from 152.97 to 277.09 over the past decade. While the company's 10-year median is 212.24 vs. the industry median of 78.08, SEC Electric 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,993 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. SEC Electric Machinery Co's current Days Payable of 257.56 is 229.9% 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 SEC Electric Machinery Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SEC Electric Machinery Co's current Days Payable is 257.56, which is 21% above median its own 10-year median of 212.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEC Electric Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, SEC Electric Machinery Co (SHSE:603988) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥15.51, compared to a current price of ¥20.65 — trading 33.1% above its estimated fair value. The current Days Payable is 257.56, which is 21% above median its 10-year median of 212.24 and 229.9% above the Industrial Products industry median of 78.08. SEC Electric Machinery Co's overall GF Score™ is 63/100 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 SEC Electric Machinery Co (SHSE:603988), the current Days Payable is 257.56 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 SEC Electric Machinery Co (SHSE:603988) Overvalued in 2026?
Based on GuruFocus' analysis, SEC Electric Machinery Co stock appears to be overvalued.
The current stock price of ¥20.65 is trading 33.1% above its estimated GF Value™ of ¥15.51.
GuruFocus considers SEC Electric Machinery Co to be Significantly Overvalued.
Key valuation signals for SHSE:603988:
Days Payable: 257.56 (21% above median its 10-year median of 212.24)
GF Value™: ¥15.51 vs. price of ¥20.65 (33.1% above fair value)
Industry Position: 229.9% above the Industrial Products median (#466 of 2993)
No single metric tells the full story. See the SHSE:603988 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SEC Electric Machinery Co Ltd is a China-based medium and large-scale motors manufacturer and exporter. Its product range includes direct current (DC) motors, slip ring alternating current (AC) motors, squirrel cage AC motors, synchronous motors, petroleum drilling motors, mine elevator motors, wind-driven generators, flameproof motors, short-circuit generators, and turbo generators. The company caters its products and services to the metallurgy, thermal power, petrochemical, mining, building material production, paper converting,g, and wind energy conversion industries. The company exports its products to the United States, Italy, Brazil, Russia, Turkey, Korea, South Africa, India, Kazakhstan, Thailand, Bangladesh, Vietnam, Nigeria, and Sudan.
63GF Score
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