Heilongjiang Publishing & Media Co (SHSE:605577) Days Payable: 118.77 (As of Mar. 2026) — 21% Below 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:605577 Heilongjiang Publishing & Media Co Ltd SHSE:605577
66 GF Score
Price ¥10.76
GF Value ¥12.80
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Heilongjiang Publishing & Media Co Days Payable?

Heilongjiang Publishing & Media Co SHSE:605577 +10.02% 66 Days Payable is 118.77 as of Mar. 2026, which is 21% below its 10-year median of 150.13. GuruFocus rates SHSE:605577 with a GF Score™ of 66/100 and a GF Value™ of ¥12.80 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 910 Media - Diversified companies, Heilongjiang Publishing & Media Co ranks better than 71.65% on this metric.

Heilongjiang Publishing & Media Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥377 Mil. Heilongjiang Publishing & Media Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥289 Mil. Hence, Heilongjiang Publishing & Media Co's Days Payable for the three months ended in Mar. 2026 was 118.77.

The historical rank and industry rank for Heilongjiang Publishing & Media Co's Days Payable or its related term are showing as below:

SHSE:605577' s Days Payable Range Over the Past 10 Years
Min: 109.44   Med: 150.13   Max: 196.21
Current: 178.71

During the past 9 years, Heilongjiang Publishing & Media Co's highest Days Payable was 196.21. The lowest was 109.44. And the median was 150.13.

SHSE:605577's Days Payable is ranked better than
71.65% of 910 companies
in the Media - Diversified industry
Industry Median: 80.36 vs SHSE:605577: 178.71

Heilongjiang Publishing & Media Co's Days Payable declined from Mar. 2025 (162.80) to Mar. 2026 (118.77). It may suggest that Heilongjiang Publishing & Media Co accelerated paying its suppliers.


Heilongjiang Publishing & Media Co Days Payable Related Terms


Heilongjiang Publishing & Media Co Days Payable Historical Data

* Premium members only.

The historical data trend for Heilongjiang Publishing & Media 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.

Heilongjiang Publishing & Media Co Days Payable Chart

Heilongjiang Publishing & Media Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 109.44 129.00 142.23 155.63 150.13

Heilongjiang Publishing & Media 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 162.80 539.04 124.92 223.62 118.77

SHSE:605577 vs NYT, WLY: Days Payable Comparison

For the Publishing subindustry, Heilongjiang Publishing & Media 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.


Heilongjiang Publishing & Media Co Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Heilongjiang Publishing & Media Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Heilongjiang Publishing & Media Co's Days Payable falls into.


SHSE:605577
66GF Score
Heilongjiang Publishing & Media Co Ltd SHSE:605577
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heilongjiang Publishing & Media 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.

Heilongjiang Publishing & Media 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
=( (400.638 + 328.333) / 2 ) / 886.175*365
=364.4855 / 886.175*365
=150.13

Heilongjiang Publishing & Media 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
=( (328.333 + 424.724) / 2 ) / 289.279*365 / 4
=376.5285 / 289.279*365 / 4
=118.77

* 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 118.77 mean?
Heilongjiang Publishing & Media Co (SHSE:605577) has a Days Payable of 118.77 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 Heilongjiang Publishing & Media Co and its competitors. This is 21% below median its historical median of 150.13. Over the past decade, Heilongjiang Publishing & Media Co's Days Payable has ranged from 109.44 to 196.21. According to the industry distribution chart, Heilongjiang Publishing & Media Co ranks #258 out of 910 companies in the Media - Diversified industry, placing it in the top 28.4%.
Is Heilongjiang Publishing & Media Co's Days Payable too high?
Heilongjiang Publishing & Media Co's current Days Payable of 118.77 is 21% below median its 10-year median of 150.13. Over the past 10 years, this metric has ranged from a low of 109.44 to a high of 196.21. The Media - Diversified industry median Days Payable is 80.36. Heilongjiang Publishing & Media Co's value of 118.77 is 47.8% above this industry median. Based on the distribution chart, Heilongjiang Publishing & Media Co ranks #258 out of 910 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Heilongjiang Publishing & Media Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Publishing & Media Co's Days Payable compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Heilongjiang Publishing & Media Co ranks #258 out of 910 companies for Days Payable. This puts Heilongjiang Publishing & Media Co in the upper half of its industry. The industry median Days Payable is 80.36. Heilongjiang Publishing & Media Co's value of 118.77 is 47.8% above this benchmark. Historically, Heilongjiang Publishing & Media Co's own Days Payable has ranged from 109.44 to 196.21 over the past decade. While the company's 10-year median is 150.13 vs. the industry median of 80.36, Heilongjiang Publishing & Media 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 80.36, based on 910 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. Heilongjiang Publishing & Media Co's current Days Payable of 118.77 is 47.8% 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 Heilongjiang Publishing & Media Co and its competitors. For the Media - Diversified industry, the median Days Payable is 80.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Publishing & Media Co's current Days Payable is 118.77, which is 21% below median its own 10-year median of 150.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Publishing & Media Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Publishing & Media Co (SHSE:605577) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.80, compared to a current price of ¥10.76 — trading 15.9% below its estimated fair value. The current Days Payable is 118.77, which is 21% below median its 10-year median of 150.13 and 47.8% above the Media - Diversified industry median of 80.36. Heilongjiang Publishing & Media Co's overall GF Score™ is 66/100 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 Heilongjiang Publishing & Media Co (SHSE:605577), the current Days Payable is 118.77 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 Heilongjiang Publishing & Media Co (SHSE:605577) Overvalued in 2026?

Based on GuruFocus' analysis, Heilongjiang Publishing & Media Co stock appears to be undervalued. The current stock price of ¥10.76 is trading 15.9% below its estimated GF Value™ of ¥12.80. GuruFocus considers Heilongjiang Publishing & Media Co to be Modestly Undervalued.

Key valuation signals for SHSE:605577:

  • Days Payable: 118.77 (21% below median its 10-year median of 150.13)
  • GF Value™: ¥12.80 vs. price of ¥10.76 (15.9% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 47.8% above the Media - Diversified median (#258 of 910)

No single metric tells the full story. See the SHSE:605577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heilongjiang Publishing & Media Co Business Description

Address No. 258, Longchuan Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028
Heilongjiang Publishing & Media Co Ltd is engaged in the editing and publishing of publications, printing, wholesale and retail, material trade, and others. The company is mainly engaged in the publishing business of teaching materials, general books, periodicals, electronic audio-visual products, and digital products through its subordinate companies, including People's Publishing House, Education Publishing House, Children's Publishing House, Science and Technology Publishing House, Fine Arts Publishing House, Northern Literature and Art, and Newspaper Group.
66GF Score

Get the complete analysis for SHSE:605577

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

¥10.76
Price
¥12.80
GF Value