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MGI Tech CoSHSE:688114 -2.38%69 Days Payable is 109.82 as of Mar. 2026, which is 2% below its 10-year median of 111.55. GuruFocus rates SHSE:688114 with a GF Score™ of 69/100 and a GF Value™ of ¥66.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 795 Medical Devices & Instruments companies, MGI Tech Co ranks better than 62.77% on this metric.
The historical rank and industry rank for MGI Tech Co's Days Payable or its related term are showing as below:
SHSE:688114'
s Days Payable Range Over the Past 10 Years
Min: 75 Med: 111.55 Max: 317.64
Current: 93.95
During the past 9 years, MGI Tech Co's highest Days Payable was 317.64. The lowest was 75.00. And the median was 111.55.
SHSE:688114's Days Payable is ranked better than 62.77% of 795
companies
in the Medical Devices & Instruments industry
Industry Median: 67.87
vs SHSE:688114: 93.95
MGI Tech Co's Days Payable
declined
from Mar. 2025 (149.04) to Mar. 2026 (109.82).
It may suggest that MGI Tech Coaccelerated paying its suppliers.
MGI Tech Co Days Payable Related Terms
MGI Tech Co Days Payable Historical Data
* Premium members only.
The historical data trend for MGI Tech 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.
SHSE:688114 vs ABT, SYK, MDT: Days Payable Comparison
For the Medical Devices subindustry, MGI Tech 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.
MGI Tech Co Days Payable vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Days Payable distribution charts can be found below:
* The bar in red indicates where MGI Tech Co's Days Payable falls into.
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.
MGI Tech 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.
MGI Tech Co (SHSE:688114) has a Days Payable of 109.82 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 MGI Tech Co and its competitors. This is near median its historical median of 111.55. Over the past decade, MGI Tech Co's Days Payable has ranged from 75.00 to 317.64. According to the industry distribution chart, MGI Tech Co ranks #296 out of 795 companies in the Medical Devices & Instruments industry, placing it in the top 37.2%.
Is MGI Tech Co's Days Payable too high?
MGI Tech Co's current Days Payable of 109.82 is near median its 10-year median of 111.55. Over the past 10 years, this metric has ranged from a low of 75.00 to a high of 317.64. The Medical Devices & Instruments industry median Days Payable is 67.87. MGI Tech Co's value of 109.82 is 61.8% above this industry median. Based on the distribution chart, MGI Tech Co ranks #296 out of 795 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, MGI Tech Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGI Tech Co's Days Payable compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, MGI Tech Co ranks #296 out of 795 companies for Days Payable. This puts MGI Tech Co in the upper half of its industry. The industry median Days Payable is 67.87. MGI Tech Co's value of 109.82 is 61.8% above this benchmark. Historically, MGI Tech Co's own Days Payable has ranged from 75.00 to 317.64 over the past decade. While the company's 10-year median is 111.55 vs. the industry median of 67.87, MGI Tech 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 Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 67.87, based on 795 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. MGI Tech Co's current Days Payable of 109.82 is 61.8% 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 MGI Tech Co and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 67.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Tech Co's current Days Payable is 109.82, which is near median its own 10-year median of 111.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Tech Co stock overvalued right now?
Based on GuruFocus' analysis, MGI Tech Co (SHSE:688114) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥66.44, compared to a current price of ¥47.11 — trading 29.1% below its estimated fair value. The current Days Payable is 109.82, which is near median its 10-year median of 111.55 and 61.8% above the Medical Devices & Instruments industry median of 67.87. MGI Tech Co's overall GF Score™ is 69/100 with 3 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 MGI Tech Co (SHSE:688114), the current Days Payable is 109.82 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 MGI Tech Co (SHSE:688114) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Tech Co stock appears to be undervalued.
The current stock price of ¥47.11 is trading 29.1% below its estimated GF Value™ of ¥66.44.
GuruFocus considers MGI Tech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688114:
Days Payable: 109.82 (near median its 10-year median of 111.55)
GF Value™: ¥66.44 vs. price of ¥47.11 (29.1% below fair value)
Industry Position: 61.8% above the Medical Devices & Instruments median (#296 of 795)
No single metric tells the full story. See the SHSE:688114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.
69GF Score
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