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SHSE:688722's Days Payable is ranked worse than 51.56% of 1026
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.04
vs SHSE:688722: 43.28
* 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 Tongyizhong New Material Technology Days Payable Chart
Beijing Tongyizhong New Material Technology Annual Data
Beijing Tongyizhong New Material Technology Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, Beijing Tongyizhong New Material Technology'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 Tongyizhong New Material Technology Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Beijing Tongyizhong New Material Technology's Days Payable distribution charts can be found below:
* The bar in red indicates where Beijing Tongyizhong New Material Technology's Days Payable falls into.
Beijing Tongyizhong New Material Technology 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.
* 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 Tongyizhong New Material Technology (SHSE:688722) has a Days Payable of 30.29 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 Beijing Tongyizhong New Material Technology and its competitors. This is near median its historical median of 30.37. Over the past decade, Beijing Tongyizhong New Material Technology's Days Payable has ranged from 6.33 to 44.60. According to the industry distribution chart, Beijing Tongyizhong New Material Technology ranks #529 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.6%.
Is Beijing Tongyizhong New Material Technology's Days Payable too high?
Beijing Tongyizhong New Material Technology's current Days Payable of 30.29 is near median its 10-year median of 30.37. Over the past 10 years, this metric has ranged from a low of 6.33 to a high of 44.60. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.04. Beijing Tongyizhong New Material Technology's value of 30.29 is 42.9% below this industry median. Based on the distribution chart, Beijing Tongyizhong New Material Technology ranks #529 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Beijing Tongyizhong New Material Technology has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Tongyizhong New Material Technology's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Beijing Tongyizhong New Material Technology ranks #529 out of 1026 companies for Days Payable. This places Beijing Tongyizhong New Material Technology in the lower half of its industry. The industry median Days Payable is 53.04. Beijing Tongyizhong New Material Technology's value of 30.29 is 42.9% below this benchmark. Historically, Beijing Tongyizhong New Material Technology's own Days Payable has ranged from 6.33 to 44.60 over the past decade. While the company's 10-year median is 30.37 vs. the industry median of 53.04, Beijing Tongyizhong New Material Technology has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.04, based on 1,026 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 Tongyizhong New Material Technology's current Days Payable of 30.29 is 42.9% below 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 Tongyizhong New Material Technology and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Tongyizhong New Material Technology's current Days Payable is 30.29, which is near median its own 10-year median of 30.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Tongyizhong New Material Technology stock overvalued right now?
Based on GuruFocus' analysis, Beijing Tongyizhong New Material Technology (SHSE:688722) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥23.08, compared to a current price of ¥14.55 — trading 37% below its estimated fair value. The current Days Payable is 30.29, which is near median its 10-year median of 30.37 and 42.9% below the Manufacturing - Apparel & Accessories industry median of 53.04. Beijing Tongyizhong New Material Technology's overall GF Score™ is 79/100 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 Tongyizhong New Material Technology (SHSE:688722), the current Days Payable is 30.29 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 Beijing Tongyizhong New Material Technology (SHSE:688722) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing Tongyizhong New Material Technology stock appears to be undervalued.
The current stock price of ¥14.55 is trading 37% below its estimated GF Value™ of ¥23.08.
GuruFocus considers Beijing Tongyizhong New Material Technology to be Significantly Undervalued.
Key valuation signals for SHSE:688722:
Days Payable: 30.29 (near median its 10-year median of 30.37)
GF Value™: ¥23.08 vs. price of ¥14.55 (37% below fair value)
Industry Position: 42.9% below the Manufacturing - Apparel & Accessories median (#529 of 1026)
No single metric tells the full story. See the SHSE:688722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing Tongyizhong New Material Technology Corp is engaged in the research and development, production and sales of ultra-high molecular weight polyethylene fibers and their composite materials.
79GF Score
Get the complete analysis for SHSE:688722
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