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Shanghai ChemspecSHSE:688602 +0.95%74 Days Payable is 90.84 as of Mar. 2026, which is 54% above its 10-year median of 59.05. GuruFocus rates SHSE:688602 with a GF Score™ of 74/100 and a GF Value™ of ¥6.27 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,555 Chemicals companies, Shanghai Chemspec ranks better than 63.54% on this metric.
The historical rank and industry rank for Shanghai Chemspec's Days Payable or its related term are showing as below:
SHSE:688602'
s Days Payable Range Over the Past 10 Years
Min: 43.74 Med: 59.05 Max: 76.47
Current: 76.47
During the past 10 years, Shanghai Chemspec's highest Days Payable was 76.47. The lowest was 43.74. And the median was 59.05.
SHSE:688602's Days Payable is ranked better than 63.54% of 1555
companies
in the Chemicals industry
Industry Median: 59.91
vs SHSE:688602: 76.47
Shanghai Chemspec's Days Payable
increased
from Mar. 2025 (52.75) to Mar. 2026 (90.84).
It may suggest that Shanghai Chemspecdelayed paying its suppliers.
The historical data trend for Shanghai Chemspec'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.
For the Chemicals subindustry, Shanghai Chemspec'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.
Shanghai Chemspec Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shanghai Chemspec's Days Payable distribution charts can be found below:
* The bar in red indicates where Shanghai Chemspec'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.
Shanghai Chemspec'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.
Shanghai Chemspec (SHSE:688602) has a Days Payable of 90.84 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 Shanghai Chemspec and its competitors. This is 54% above median its historical median of 59.05. Over the past decade, Shanghai Chemspec's Days Payable has ranged from 43.74 to 76.47. According to the industry distribution chart, Shanghai Chemspec ranks #567 out of 1555 companies in the Chemicals industry, placing it in the top 36.5%.
Is Shanghai Chemspec's Days Payable too high?
Shanghai Chemspec's current Days Payable of 90.84 is 54% above median its 10-year median of 59.05. Over the past 10 years, this metric has ranged from a low of 43.74 to a high of 76.47. The Chemicals industry median Days Payable is 59.91. Shanghai Chemspec's value of 90.84 is 51.6% above this industry median. Based on the distribution chart, Shanghai Chemspec ranks #567 out of 1555 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shanghai Chemspec has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Chemspec's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Shanghai Chemspec ranks #567 out of 1555 companies for Days Payable. This puts Shanghai Chemspec in the upper half of its industry. The industry median Days Payable is 59.91. Shanghai Chemspec's value of 90.84 is 51.6% above this benchmark. Historically, Shanghai Chemspec's own Days Payable has ranged from 43.74 to 76.47 over the past decade. While the company's 10-year median is 59.05 vs. the industry median of 59.91, Shanghai Chemspec 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 59.91, based on 1,555 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. Shanghai Chemspec's current Days Payable of 90.84 is 51.6% 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 Shanghai Chemspec and its competitors. For the Chemicals industry, the median Days Payable is 59.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Chemspec's current Days Payable is 90.84, which is 54% above median its own 10-year median of 59.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Chemspec stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Chemspec (SHSE:688602) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.27, compared to a current price of ¥6.39 — trading 1.9% above its estimated fair value. The current Days Payable is 90.84, which is 54% above median its 10-year median of 59.05 and 51.6% above the Chemicals industry median of 59.91. Shanghai Chemspec's overall GF Score™ is 74/100 with 2 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 Shanghai Chemspec (SHSE:688602), the current Days Payable is 90.84 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 Shanghai Chemspec (SHSE:688602) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Chemspec stock appears to be overvalued.
The current stock price of ¥6.39 is trading 1.9% above its estimated GF Value™ of ¥6.27.
GuruFocus considers Shanghai Chemspec to be Fairly Valued.
Key valuation signals for SHSE:688602:
Days Payable: 90.84 (54% above median its 10-year median of 59.05)
GF Value™: ¥6.27 vs. price of ¥6.39 (1.9% above fair value)
Industry Position: 51.6% above the Chemicals median (#567 of 1555)
No single metric tells the full story. See the SHSE:688602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Chemspec Corp is engaged in research & development, production and sales of fine chemicals. It is globally recognized as an industry leader in providing fluorinated specialty chemicals serving markets in a variety of applications. These include liquid crystals, lithium-ion battery components, pharmaceutical chemicals, and agrochemicals.
74GF Score
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