SHZNF (Shenzhen Expressway) Days Payable: 249.48 (As of Mar. 2026) — 111% Above Median


SHZNF Shenzhen Expressway Corp Ltd SHZNF
67 GF Score
Price $0.95
GF Value $1.12
! 7 Warning Signs
View Full Analysis

What is Shenzhen Expressway Days Payable?

Shenzhen Expressway SHZNF 67 Days Payable is 249.48 as of Mar. 2026, which is 111% above its 10-year median of 118.47. GuruFocus rates SHZNF with a GF Score™ of 67/100 and a GF Value™ of $1.12. The stock has 7 warning signs investors should review. Among 1,715 Construction companies, Shenzhen Expressway ranks better than 77.32% on this metric.

Shenzhen Expressway's average Accounts Payable for the three months ended in Mar. 2026 was $423 Mil. Shenzhen Expressway's Cost of Goods Sold for the three months ended in Mar. 2026 was $155 Mil. Hence, Shenzhen Expressway's Days Payable for the three months ended in Mar. 2026 was 249.48.

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

SHZNF' s Days Payable Range Over the Past 10 Years
Min: 28.93   Med: 118.47   Max: 199.62
Current: 164.3

During the past 13 years, Shenzhen Expressway's highest Days Payable was 199.62. The lowest was 28.93. And the median was 118.47.

SHZNF's Days Payable is ranked better than
77.32% of 1715 companies
in the Construction industry
Industry Median: 76.78 vs SHZNF: 164.30

Shenzhen Expressway's Days Payable declined from Mar. 2025 (298.43) to Mar. 2026 (249.48). It may suggest that Shenzhen Expressway accelerated paying its suppliers.


Shenzhen Expressway Days Payable Historical Data

* Premium members only.

The historical data trend for Shenzhen Expressway'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 Expressway Days Payable Chart

Shenzhen Expressway 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 120.68 168.78 177.72 190.15 196.06

Shenzhen Expressway 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 298.43 204.32 173.06 96.88 249.48

Shenzhen Expressway Days Payable Competitor Comparison

For the Infrastructure Operations subindustry, Shenzhen Expressway'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 Expressway Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Shenzhen Expressway's Days Payable distribution charts can be found below:

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


SHZNF
67GF Score
Shenzhen Expressway Corp Ltd SHZNF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Expressway 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 Expressway'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
=( (529.961 + 454.925) / 2 ) / 916.771*365
=492.443 / 916.771*365
=196.06

Shenzhen Expressway'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
=( (454.925 + 391.267) / 2 ) / 154.751*365 / 4
=423.096 / 154.751*365 / 4
=249.48

* 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 249.48 mean?
Shenzhen Expressway (SHZNF) has a Days Payable of 249.48 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 Expressway and its competitors. This is 111% above median its historical median of 118.47. Over the past decade, Shenzhen Expressway's Days Payable has ranged from 28.93 to 199.62. According to the industry distribution chart, Shenzhen Expressway ranks #389 out of 1715 companies in the Construction industry, placing it in the top 22.7%.
Is Shenzhen Expressway's Days Payable too high?
Shenzhen Expressway's current Days Payable of 249.48 is 111% above median its 10-year median of 118.47. Over the past 10 years, this metric has ranged from a low of 28.93 to a high of 199.62. The Construction industry median Days Payable is 76.78. Shenzhen Expressway's value of 249.48 is 224.9% above this industry median. Based on the distribution chart, Shenzhen Expressway ranks #389 out of 1715 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Shenzhen Expressway has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's Days Payable compare to competitors?
According to the Construction industry distribution chart, Shenzhen Expressway ranks #389 out of 1715 companies for Days Payable. This places Shenzhen Expressway in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.78. Shenzhen Expressway's value of 249.48 is 224.9% above this benchmark. Historically, Shenzhen Expressway's own Days Payable has ranged from 28.93 to 199.62 over the past decade. While the company's 10-year median is 118.47 vs. the industry median of 76.78, Shenzhen Expressway 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 Construction company?
The median Days Payable among Construction companies is 76.78, based on 1,715 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 Expressway's current Days Payable of 249.48 is 224.9% 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 Expressway and its competitors. For the Construction industry, the median Days Payable is 76.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Expressway's current Days Payable is 249.48, which is 111% above median its own 10-year median of 118.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Shenzhen Expressway (SHZNF) has a current Days Payable of 249.48. The stock's GF Value™ is $1.12, compared to a current price of $0.95 — trading 15.2% below its estimated fair value. The current Days Payable is 249.48, which is 111% above median its 10-year median of 118.47 and 224.9% above the Construction industry median of 76.78. Shenzhen Expressway's overall GF Score™ is 67/100 with 7 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 Expressway (SHZNF), the current Days Payable is 249.48 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 Expressway (SHZNF) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued. The current stock price of $0.95 is trading 15.2% below its estimated GF Value™ of $1.12.

Key valuation signals for SHZNF:

  • Days Payable: 249.48 (111% above median its 10-year median of 118.47)
  • GF Value™: $1.12 vs. price of $0.95 (15.2% below fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 224.9% above the Construction median (#389 of 1715)

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


Shenzhen Expressway Business Description

Address Shennan Avenue, No. 9968, Hanking Centre, 46th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
67GF Score

Get the complete analysis for SHZNF

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

$0.95
Price
$1.12
GF Value