Shenzhen Qingyi Photomask (SHSE:688138) Days Payable: 100.04 (As of Mar. 2026) — 13% Above Median


SHSE:688138 Shenzhen Qingyi Photomask Ltd SHSE:688138
82 GF Score
Price ¥44.60
GF Value ¥31.19
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shenzhen Qingyi Photomask Days Payable?

Shenzhen Qingyi Photomask SHSE:688138 +1.83% 82 Days Payable is 100.04 as of Mar. 2026, which is 13% above its 10-year median of 88.31. GuruFocus rates SHSE:688138 with a GF Score™ of 82/100 and a GF Value™ of ¥31.19 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,445 Hardware companies, Shenzhen Qingyi Photomask ranks better than 71.45% on this metric.

Shenzhen Qingyi Photomask's average Accounts Payable for the three months ended in Mar. 2026 was ¥249 Mil. Shenzhen Qingyi Photomask's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥227 Mil. Hence, Shenzhen Qingyi Photomask's Days Payable for the three months ended in Mar. 2026 was 100.04.

The historical rank and industry rank for Shenzhen Qingyi Photomask's Days Payable or its related term are showing as below:

SHSE:688138' s Days Payable Range Over the Past 10 Years
Min: 63.26   Med: 88.31   Max: 126.33
Current: 107.2

During the past 13 years, Shenzhen Qingyi Photomask's highest Days Payable was 126.33. The lowest was 63.26. And the median was 88.31.

SHSE:688138's Days Payable is ranked better than
71.45% of 2445 companies
in the Hardware industry
Industry Median: 70.06 vs SHSE:688138: 107.20

Shenzhen Qingyi Photomask's Days Payable declined from Mar. 2025 (103.43) to Mar. 2026 (100.04). It may suggest that Shenzhen Qingyi Photomask accelerated paying its suppliers.


Shenzhen Qingyi Photomask Days Payable Historical Data

* Premium members only.

The historical data trend for Shenzhen Qingyi Photomask'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.

Shenzhen Qingyi Photomask Days Payable Chart

Shenzhen Qingyi Photomask 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 95.71 81.24 86.97 89.64 98.67

Shenzhen Qingyi Photomask 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 103.43 103.06 122.70 107.90 100.04

SHSE:688138 vs APH, GLW: Days Payable Comparison

For the Electronic Components subindustry, Shenzhen Qingyi Photomask'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.


Shenzhen Qingyi Photomask Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Qingyi Photomask's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Qingyi Photomask's Days Payable falls into.


SHSE:688138
82GF Score
Shenzhen Qingyi Photomask Ltd SHSE:688138
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Qingyi Photomask 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.

Shenzhen Qingyi Photomask'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
=( (227.998 + 233.494) / 2 ) / 853.55*365
=230.746 / 853.55*365
=98.67

Shenzhen Qingyi Photomask'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
=( (233.494 + 264.285) / 2 ) / 227.031*365 / 4
=248.8895 / 227.031*365 / 4
=100.04

* 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 100.04 mean?
Shenzhen Qingyi Photomask (SHSE:688138) has a Days Payable of 100.04 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 Shenzhen Qingyi Photomask and its competitors. This is 13% above median its historical median of 88.31. Over the past decade, Shenzhen Qingyi Photomask's Days Payable has ranged from 63.26 to 126.33. According to the industry distribution chart, Shenzhen Qingyi Photomask ranks #698 out of 2445 companies in the Hardware industry, placing it in the top 28.5%.
Is Shenzhen Qingyi Photomask's Days Payable too high?
Shenzhen Qingyi Photomask's current Days Payable of 100.04 is 13% above median its 10-year median of 88.31. Over the past 10 years, this metric has ranged from a low of 63.26 to a high of 126.33. The Hardware industry median Days Payable is 70.06. Shenzhen Qingyi Photomask's value of 100.04 is 42.8% above this industry median. Based on the distribution chart, Shenzhen Qingyi Photomask ranks #698 out of 2445 companies in the Hardware industry, which is above the industry midpoint. Overall, Shenzhen Qingyi Photomask has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Qingyi Photomask's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Shenzhen Qingyi Photomask ranks #698 out of 2445 companies for Days Payable. This puts Shenzhen Qingyi Photomask in the upper half of its industry. The industry median Days Payable is 70.06. Shenzhen Qingyi Photomask's value of 100.04 is 42.8% above this benchmark. Historically, Shenzhen Qingyi Photomask's own Days Payable has ranged from 63.26 to 126.33 over the past decade. While the company's 10-year median is 88.31 vs. the industry median of 70.06, Shenzhen Qingyi Photomask 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Shenzhen Qingyi Photomask's current Days Payable of 100.04 is 42.8% 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 Shenzhen Qingyi Photomask and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Qingyi Photomask's current Days Payable is 100.04, which is 13% above median its own 10-year median of 88.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Qingyi Photomask stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask (SHSE:688138) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥31.19, compared to a current price of ¥44.60 — trading 43% above its estimated fair value. The current Days Payable is 100.04, which is 13% above median its 10-year median of 88.31 and 42.8% above the Hardware industry median of 70.06. Shenzhen Qingyi Photomask's overall GF Score™ is 82/100 with 9 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 Shenzhen Qingyi Photomask (SHSE:688138), the current Days Payable is 100.04 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 Shenzhen Qingyi Photomask (SHSE:688138) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Qingyi Photomask stock appears to be overvalued. The current stock price of ¥44.60 is trading 43% above its estimated GF Value™ of ¥31.19. GuruFocus considers Shenzhen Qingyi Photomask to be Significantly Overvalued.

Key valuation signals for SHSE:688138:

  • Days Payable: 100.04 (13% above median its 10-year median of 88.31)
  • GF Value™: ¥31.19 vs. price of ¥44.60 (43% above fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 42.8% above the Hardware median (#698 of 2445)

No single metric tells the full story. See the SHSE:688138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Qingyi Photomask Business Description

Address Road Langshang two, North of High-tech Park, Building QingYi Photoelectric, Shenzhen, CHN
Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.
82GF Score

Get the complete analysis for SHSE:688138

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

¥44.60
Price
¥31.19
GF Value