Chongqing Sifang New Materials Co (SHSE:605122) Days Payable: 436.68 (As of Mar. 2026) — 93% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:605122 Chongqing Sifang New Materials Co Ltd SHSE:605122
61 GF Score
Price ¥10.60
GF Value ¥8.92
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Chongqing Sifang New Materials Co Days Payable?

Chongqing Sifang New Materials Co SHSE:605122 -1.40% 61 Days Payable is 436.68 as of Mar. 2026, which is 93% above its 10-year median of 226.77. GuruFocus rates SHSE:605122 with a GF Score™ of 61/100 and a GF Value™ of ¥8.92 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 395 Building Materials companies, Chongqing Sifang New Materials Co ranks better than 94.68% on this metric.

Chongqing Sifang New Materials Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥852.0 Mil. Chongqing Sifang New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥178.0 Mil. Hence, Chongqing Sifang New Materials Co's Days Payable for the three months ended in Mar. 2026 was 436.68.

The historical rank and industry rank for Chongqing Sifang New Materials Co's Days Payable or its related term are showing as below:

SHSE:605122' s Days Payable Range Over the Past 10 Years
Min: 162.65   Med: 226.77   Max: 358.77
Current: 358.77

During the past 10 years, Chongqing Sifang New Materials Co's highest Days Payable was 358.77. The lowest was 162.65. And the median was 226.77.

SHSE:605122's Days Payable is ranked better than
94.68% of 395 companies
in the Building Materials industry
Industry Median: 69.35 vs SHSE:605122: 358.77

Chongqing Sifang New Materials Co's Days Payable increased from Mar. 2025 (379.13) to Mar. 2026 (436.68). It may suggest that Chongqing Sifang New Materials Co delayed paying its suppliers.


Chongqing Sifang New Materials Co Days Payable Related Terms


Chongqing Sifang New Materials Co Days Payable Historical Data

* Premium members only.

The historical data trend for Chongqing Sifang New Materials 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.

Chongqing Sifang New Materials Co Days Payable Chart

Chongqing Sifang New Materials 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 178.00 197.30 233.54 327.92 349.65

Chongqing Sifang New Materials 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 379.13 333.24 383.24 316.95 436.68

SHSE:605122 vs CRH, VMC, MLM: Days Payable Comparison

For the Building Materials subindustry, Chongqing Sifang New Materials 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.


Chongqing Sifang New Materials Co Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chongqing Sifang New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Sifang New Materials Co's Days Payable falls into.


SHSE:605122
61GF Score
Chongqing Sifang New Materials Co Ltd SHSE:605122
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chongqing Sifang New Materials 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.

Chongqing Sifang New Materials 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
=( (1008.233 + 892.021) / 2 ) / 991.837*365
=950.127 / 991.837*365
=349.65

Chongqing Sifang New Materials 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
=( (892.021 + 811.904) / 2 ) / 178.028*365 / 4
=851.9625 / 178.028*365 / 4
=436.68

* 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 436.68 mean?
Chongqing Sifang New Materials Co (SHSE:605122) has a Days Payable of 436.68 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 Chongqing Sifang New Materials Co and its competitors. This is 93% above median its historical median of 226.77. Over the past decade, Chongqing Sifang New Materials Co's Days Payable has ranged from 162.65 to 358.77. According to the industry distribution chart, Chongqing Sifang New Materials Co ranks #21 out of 395 companies in the Building Materials industry, placing it in the top 5.3%.
Is Chongqing Sifang New Materials Co's Days Payable too high?
Chongqing Sifang New Materials Co's current Days Payable of 436.68 is 93% above median its 10-year median of 226.77. Over the past 10 years, this metric has ranged from a low of 162.65 to a high of 358.77. The Building Materials industry median Days Payable is 69.35. Chongqing Sifang New Materials Co's value of 436.68 is 529.7% above this industry median. Based on the distribution chart, Chongqing Sifang New Materials Co ranks #21 out of 395 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Sifang New Materials Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Sifang New Materials Co's Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, Chongqing Sifang New Materials Co ranks #21 out of 395 companies for Days Payable. This places Chongqing Sifang New Materials Co in the top 5% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.35. Chongqing Sifang New Materials Co's value of 436.68 is 529.7% above this benchmark. Historically, Chongqing Sifang New Materials Co's own Days Payable has ranged from 162.65 to 358.77 over the past decade. While the company's 10-year median is 226.77 vs. the industry median of 69.35, Chongqing Sifang New Materials 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.35, based on 395 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. Chongqing Sifang New Materials Co's current Days Payable of 436.68 is 529.7% 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 Chongqing Sifang New Materials Co and its competitors. For the Building Materials industry, the median Days Payable is 69.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Sifang New Materials Co's current Days Payable is 436.68, which is 93% above median its own 10-year median of 226.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Sifang New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Sifang New Materials Co (SHSE:605122) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.92, compared to a current price of ¥10.60 — trading 18.8% above its estimated fair value. The current Days Payable is 436.68, which is 93% above median its 10-year median of 226.77 and 529.7% above the Building Materials industry median of 69.35. Chongqing Sifang New Materials Co's overall GF Score™ is 61/100 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 Chongqing Sifang New Materials Co (SHSE:605122), the current Days Payable is 436.68 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 Chongqing Sifang New Materials Co (SHSE:605122) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Sifang New Materials Co stock appears to be overvalued. The current stock price of ¥10.60 is trading 18.8% above its estimated GF Value™ of ¥8.92. GuruFocus considers Chongqing Sifang New Materials Co to be Modestly Overvalued.

Key valuation signals for SHSE:605122:

  • Days Payable: 436.68 (93% above median its 10-year median of 226.77)
  • GF Value™: ¥8.92 vs. price of ¥10.60 (18.8% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 529.7% above the Building Materials median (#21 of 395)

No single metric tells the full story. See the SHSE:605122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Sifang New Materials Co Business Description

Address No. 306, Nanhu Road, Nanpeng Street, Banan District, Chongqing, CHN, 401347
Chongqing Sifang New Materials Co Ltd is a construction material manufacturer that focuses on the research, development, production and sales of commercial concrete and also produces aggregates for construction. The company's products are widely used in infrastructure construction such as roads, bridges, tunnels, water conservancy, and industrial and civil real estate construction.
61GF Score

Get the complete analysis for SHSE:605122

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

¥10.60
Price
¥8.92
GF Value