Beijing Tianyishangjia New Material (SHSE:688033) Days Payable: 501.92 (As of Mar. 2026) — 164% 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:688033 Beijing Tianyishangjia New Material Corp Ltd SHSE:688033
60 GF Score
Price ¥6.23
GF Value ¥4.57
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Beijing Tianyishangjia New Material Days Payable?

Beijing Tianyishangjia New Material SHSE:688033 +1.30% 60 Days Payable is 501.92 as of Mar. 2026, which is 164% above its 10-year median of 190.35. GuruFocus rates SHSE:688033 with a GF Score™ of 60/100 and a GF Value™ of ¥4.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,553 Chemicals companies, Beijing Tianyishangjia New Material ranks better than 98.2% on this metric.

Beijing Tianyishangjia New Material's average Accounts Payable for the three months ended in Mar. 2026 was ¥762.3 Mil. Beijing Tianyishangjia New Material's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥138.6 Mil. Hence, Beijing Tianyishangjia New Material's Days Payable for the three months ended in Mar. 2026 was 501.92.

The historical rank and industry rank for Beijing Tianyishangjia New Material's Days Payable or its related term are showing as below:

SHSE:688033' s Days Payable Range Over the Past 10 Years
Min: 81.63   Med: 190.35   Max: 425.4
Current: 425.4

During the past 10 years, Beijing Tianyishangjia New Material's highest Days Payable was 425.40. The lowest was 81.63. And the median was 190.35.

SHSE:688033's Days Payable is ranked better than
98.2% of 1553 companies
in the Chemicals industry
Industry Median: 59.87 vs SHSE:688033: 425.40

Beijing Tianyishangjia New Material's Days Payable increased from Mar. 2025 (312.65) to Mar. 2026 (501.92). It may suggest that Beijing Tianyishangjia New Material delayed paying its suppliers.


Beijing Tianyishangjia New Material Days Payable Related Terms


Beijing Tianyishangjia New Material Days Payable Historical Data

* Premium members only.

The historical data trend for Beijing Tianyishangjia New Material'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.

Beijing Tianyishangjia New Material Days Payable Chart

Beijing Tianyishangjia New Material 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 175.43 202.67 178.03 317.68 369.57

Beijing Tianyishangjia New Material 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 312.65 345.66 352.88 619.65 501.92

SHSE:688033 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Beijing Tianyishangjia New Material'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.


Beijing Tianyishangjia New Material Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Beijing Tianyishangjia New Material's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Tianyishangjia New Material's Days Payable falls into.


SHSE:688033
60GF Score
Beijing Tianyishangjia New Material Corp Ltd SHSE:688033
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing Tianyishangjia New Material 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.

Beijing Tianyishangjia New Material'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
=( (797.043 + 770.509) / 2 ) / 774.09*365
=783.776 / 774.09*365
=369.57

Beijing Tianyishangjia New Material'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
=( (770.509 + 754.154) / 2 ) / 138.594*365 / 4
=762.3315 / 138.594*365 / 4
=501.92

* 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 501.92 mean?
Beijing Tianyishangjia New Material (SHSE:688033) has a Days Payable of 501.92 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 Beijing Tianyishangjia New Material and its competitors. This is 164% above median its historical median of 190.35. Over the past decade, Beijing Tianyishangjia New Material's Days Payable has ranged from 81.63 to 425.40. According to the industry distribution chart, Beijing Tianyishangjia New Material ranks #28 out of 1553 companies in the Chemicals industry, placing it in the top 1.8%.
Is Beijing Tianyishangjia New Material's Days Payable too high?
Beijing Tianyishangjia New Material's current Days Payable of 501.92 is 164% above median its 10-year median of 190.35. Over the past 10 years, this metric has ranged from a low of 81.63 to a high of 425.40. The Chemicals industry median Days Payable is 59.87. Beijing Tianyishangjia New Material's value of 501.92 is 738.3% above this industry median. Based on the distribution chart, Beijing Tianyishangjia New Material ranks #28 out of 1553 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Tianyishangjia New Material has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Tianyishangjia New Material's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Beijing Tianyishangjia New Material ranks #28 out of 1553 companies for Days Payable. This places Beijing Tianyishangjia New Material in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.87. Beijing Tianyishangjia New Material's value of 501.92 is 738.3% above this benchmark. Historically, Beijing Tianyishangjia New Material's own Days Payable has ranged from 81.63 to 425.40 over the past decade. While the company's 10-year median is 190.35 vs. the industry median of 59.87, Beijing Tianyishangjia New Material 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,553 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. Beijing Tianyishangjia New Material's current Days Payable of 501.92 is 738.3% 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 Beijing Tianyishangjia New Material and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Tianyishangjia New Material's current Days Payable is 501.92, which is 164% above median its own 10-year median of 190.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Tianyishangjia New Material stock overvalued right now?
Based on GuruFocus' analysis, Beijing Tianyishangjia New Material (SHSE:688033) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.57, compared to a current price of ¥6.23 — trading 36.3% above its estimated fair value. The current Days Payable is 501.92, which is 164% above median its 10-year median of 190.35 and 738.3% above the Chemicals industry median of 59.87. Beijing Tianyishangjia New Material's overall GF Score™ is 60/100 with 5 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 Beijing Tianyishangjia New Material (SHSE:688033), the current Days Payable is 501.92 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 Beijing Tianyishangjia New Material (SHSE:688033) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Tianyishangjia New Material stock appears to be overvalued. The current stock price of ¥6.23 is trading 36.3% above its estimated GF Value™ of ¥4.57. GuruFocus considers Beijing Tianyishangjia New Material to be Significantly Overvalued.

Key valuation signals for SHSE:688033:

  • Days Payable: 501.92 (164% above median its 10-year median of 190.35)
  • GF Value™: ¥4.57 vs. price of ¥6.23 (36.3% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 738.3% above the Chemicals median (#28 of 1553)

No single metric tells the full story. See the SHSE:688033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing Tianyishangjia New Material Business Description

Address 500 meters north of South Railway Road, Xixinli Village, Shangzhuang Town, Haidian District, Beijing, CHN, 100094
Beijing Tianyishangjia New Material Corp Ltd Is engaged in the research and development, production, and sales of powder metallurgy brakes and locomotives, urban rail brakes, and brake shoes for high-speed trains. The company's segment includes the Rail transit business division, photovoltaic new energy business division, Automotive business segment, National defense equipment business division, and Other business segments.
60GF Score

Get the complete analysis for SHSE:688033

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

¥6.23
Price
¥4.57
GF Value