Xi'an Manareco New Materials Co (SHSE:688550) Days Payable: 88.10 (As of Jun. 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:688550 Xi'an Manareco New Materials Co Ltd SHSE:688550
91 GF Score
Price ¥39.12
GF Value ¥40.47
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Xi'an Manareco New Materials Co Days Payable?

Xi'an Manareco New Materials Co SHSE:688550 +3.06% 91 Days Payable is 88.10 as of Jun. 2026, which is 21% below its 10-year median of 112.09. GuruFocus rates SHSE:688550 with a GF Score™ of 91/100 and a GF Value™ of ¥40.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,562 Chemicals companies, Xi'an Manareco New Materials Co ranks better than 68.44% on this metric.

Xi'an Manareco New Materials Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥241 Mil. Xi'an Manareco New Materials Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥250 Mil. Hence, Xi'an Manareco New Materials Co's Days Payable for the three months ended in Jun. 2026 was 88.10.

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

SHSE:688550' s Days Payable Range Over the Past 10 Years
Min: 82.93   Med: 112.09   Max: 183.37
Current: 83.18

During the past 13 years, Xi'an Manareco New Materials Co's highest Days Payable was 183.37. The lowest was 82.93. And the median was 112.09.

SHSE:688550's Days Payable is ranked better than
68.44% of 1562 companies
in the Chemicals industry
Industry Median: 59.235 vs SHSE:688550: 83.18

Xi'an Manareco New Materials Co's Days Payable increased from Jun. 2025 (86.36) to Jun. 2026 (88.10). It may suggest that Xi'an Manareco New Materials Co delayed paying its suppliers.


Xi'an Manareco New Materials Co Days Payable Related Terms


Xi'an Manareco New Materials Co Days Payable Historical Data

* Premium members only.

The historical data trend for Xi'an Manareco 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.

Xi'an Manareco New Materials Co Days Payable Chart

Xi'an Manareco 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 105.99 133.86 118.17 106.01 82.93

Xi'an Manareco New Materials Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 86.36 79.02 74.57 78.76 88.10

SHSE:688550 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Xi'an Manareco 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.


Xi'an Manareco New Materials Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xi'an Manareco New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xi'an Manareco New Materials Co's Days Payable falls into.


SHSE:688550
91GF Score
Xi'an Manareco New Materials Co Ltd SHSE:688550
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xi'an Manareco 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.

Xi'an Manareco 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
=( (224.26 + 195.461) / 2 ) / 923.641*365
=209.8605 / 923.641*365
=82.93

Xi'an Manareco New Materials Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (210.016 + 272.038) / 2 ) / 249.644*365 / 4
=241.027 / 249.644*365 / 4
=88.10

* 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 88.10 mean?
Xi'an Manareco New Materials Co (SHSE:688550) has a Days Payable of 88.10 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Xi'an Manareco New Materials Co and its competitors. This is 21% below median its historical median of 112.09. Over the past decade, Xi'an Manareco New Materials Co's Days Payable has ranged from 82.93 to 183.37. According to the industry distribution chart, Xi'an Manareco New Materials Co ranks #493 out of 1562 companies in the Chemicals industry, placing it in the top 31.6%.
Is Xi'an Manareco New Materials Co's Days Payable too high?
Xi'an Manareco New Materials Co's current Days Payable of 88.10 is 21% below median its 10-year median of 112.09. Over the past 10 years, this metric has ranged from a low of 82.93 to a high of 183.37. The Chemicals industry median Days Payable is 59.24. Xi'an Manareco New Materials Co's value of 88.10 is 48.7% above this industry median. Based on the distribution chart, Xi'an Manareco New Materials Co ranks #493 out of 1562 companies in the Chemicals industry, which is above the industry midpoint. Overall, Xi'an Manareco New Materials Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xi'an Manareco New Materials Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Xi'an Manareco New Materials Co ranks #493 out of 1562 companies for Days Payable. This puts Xi'an Manareco New Materials Co in the upper half of its industry. The industry median Days Payable is 59.24. Xi'an Manareco New Materials Co's value of 88.10 is 48.7% above this benchmark. Historically, Xi'an Manareco New Materials Co's own Days Payable has ranged from 82.93 to 183.37 over the past decade. While the company's 10-year median is 112.09 vs. the industry median of 59.24, Xi'an Manareco 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.24, based on 1,562 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. Xi'an Manareco New Materials Co's current Days Payable of 88.10 is 48.7% 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 Xi'an Manareco New Materials Co and its competitors. For the Chemicals industry, the median Days Payable is 59.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xi'an Manareco New Materials Co's current Days Payable is 88.10, which is 21% below median its own 10-year median of 112.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xi'an Manareco New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Xi'an Manareco New Materials Co (SHSE:688550) is currently considered Fairly Valued. The stock's GF Value™ is ¥40.47, compared to a current price of ¥39.12 — trading 3.3% below its estimated fair value. The current Days Payable is 88.10, which is 21% below median its 10-year median of 112.09 and 48.7% above the Chemicals industry median of 59.24. Xi'an Manareco New Materials Co's overall GF Score™ is 91/100 with 1 warning sign 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 Xi'an Manareco New Materials Co (SHSE:688550), the current Days Payable is 88.10 as of Jun. 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 Xi'an Manareco New Materials Co (SHSE:688550) Overvalued in 2026?

Based on GuruFocus' analysis, Xi'an Manareco New Materials Co stock appears to be undervalued. The current stock price of ¥39.12 is trading 3.3% below its estimated GF Value™ of ¥40.47. GuruFocus considers Xi'an Manareco New Materials Co to be Fairly Valued.

Key valuation signals for SHSE:688550:

  • Days Payable: 88.10 (21% below median its 10-year median of 112.09)
  • GF Value™: ¥40.47 vs. price of ¥39.12 (3.3% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 48.7% above the Chemicals median (#493 of 1562)

No single metric tells the full story. See the SHSE:688550 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xi'an Manareco New Materials Co Business Description

Address No. 71, Jinye 2nd Road, High-tech Zone, Shaanxi Province, Xi\'an, CHN, 710077
Xi'an Manareco New Materials Co Ltd is engaged in production and sales of special organic new materials involving in liquid crystal singles, OLED materials and pharmaceutical intermediates, which will be applied to LC mixtures, OLED final materials, and APIs. The company's products include Liquid Crystal Intermediates; OLED; Pharmaceutical Intermediates; and Other Organic Fine Chemicals.
91GF Score

Get the complete analysis for SHSE:688550

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

¥39.12
Price
¥40.47
GF Value