Shandong Gold Mining Co (STU:188H) Days Payable: 59.92 (As of Mar. 2026) — 77% Above Median

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STU:188H Shandong Gold Mining Co Ltd STU:188H
75 GF Score
Price €1.87
GF Value €3.45
Valuation Possible Value Trap
! 3 Warning Signs
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What is Shandong Gold Mining Co Days Payable?

Shandong Gold Mining Co STU:188H +0.26% 75 Days Payable is 59.92 as of Mar. 2026, which is 77% above its 10-year median of 33.82. GuruFocus rates STU:188H with a GF Score™ of 75/100 and a GF Value™ of €3.45 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,063 Metals & Mining companies, Shandong Gold Mining Co ranks worse than 61.99% on this metric.

Shandong Gold Mining Co's average Accounts Payable for the three months ended in Mar. 2026 was €2,189 Mil. Shandong Gold Mining Co's Cost of Goods Sold for the three months ended in Mar. 2026 was €3,334 Mil. Hence, Shandong Gold Mining Co's Days Payable for the three months ended in Mar. 2026 was 59.92.

The historical rank and industry rank for Shandong Gold Mining Co's Days Payable or its related term are showing as below:

STU:188H' s Days Payable Range Over the Past 10 Years
Min: 14.13   Med: 33.82   Max: 76.97
Current: 74.56

During the past 13 years, Shandong Gold Mining Co's highest Days Payable was 76.97. The lowest was 14.13. And the median was 33.82.

STU:188H's Days Payable is ranked worse than
61.99% of 1063 companies
in the Metals & Mining industry
Industry Median: 125.6 vs STU:188H: 74.56

Shandong Gold Mining Co's Days Payable declined from Mar. 2025 (74.27) to Mar. 2026 (59.92). It may suggest that Shandong Gold Mining Co accelerated paying its suppliers.


Shandong Gold Mining Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shandong Gold Mining 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.

Shandong Gold Mining Co Days Payable Chart

Shandong Gold Mining 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 46.34 51.62 66.95 72.31 80.03

Shandong Gold Mining Co 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 74.27 67.21 75.15 115.31 59.92

STU:188H vs NEM, AU, RGLD: Days Payable Comparison

For the Gold subindustry, Shandong Gold Mining 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.


Shandong Gold Mining Co Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Gold Mining Co's Days Payable falls into.


STU:188H
75GF Score
Shandong Gold Mining Co Ltd STU:188H
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Gold Mining 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.

Shandong Gold Mining 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
=( (2225.615 + 2184.712) / 2 ) / 10057.787*365
=2205.1635 / 10057.787*365
=80.03

Shandong Gold Mining Co'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
=( (2184.712 + 2194.009) / 2 ) / 3334.273*365 / 4
=2189.3605 / 3334.273*365 / 4
=59.92

* 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 59.92 mean?
Shandong Gold Mining Co (STU:188H) has a Days Payable of 59.92 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 Shandong Gold Mining Co and its competitors. This is 77% above median its historical median of 33.82. Over the past decade, Shandong Gold Mining Co's Days Payable has ranged from 14.13 to 76.97. According to the industry distribution chart, Shandong Gold Mining Co ranks #659 out of 1063 companies in the Metals & Mining industry, placing it in the top 62%.
Is Shandong Gold Mining Co's Days Payable too high?
Shandong Gold Mining Co's current Days Payable of 59.92 is 77% above median its 10-year median of 33.82. Over the past 10 years, this metric has ranged from a low of 14.13 to a high of 76.97. The Metals & Mining industry median Days Payable is 125.60. Shandong Gold Mining Co's value of 59.92 is 52.3% below this industry median. Based on the distribution chart, Shandong Gold Mining Co ranks #659 out of 1063 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Shandong Gold Mining Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Mining Co's Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Shandong Gold Mining Co ranks #659 out of 1063 companies for Days Payable. This places Shandong Gold Mining Co in the lower half of its industry. The industry median Days Payable is 125.60. Shandong Gold Mining Co's value of 59.92 is 52.3% below this benchmark. Historically, Shandong Gold Mining Co's own Days Payable has ranged from 14.13 to 76.97 over the past decade. While the company's 10-year median is 33.82 vs. the industry median of 125.60, Shandong Gold Mining Co 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 125.60, based on 1,063 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. Shandong Gold Mining Co's current Days Payable of 59.92 is 52.3% 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 Shandong Gold Mining Co and its competitors. For the Metals & Mining industry, the median Days Payable is 125.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Gold Mining Co's current Days Payable is 59.92, which is 77% above median its own 10-year median of 33.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Mining Co (STU:188H) is currently considered Possible Value Trap. The stock's GF Value™ is €3.45, compared to a current price of €1.87 — trading 45.9% below its estimated fair value. The current Days Payable is 59.92, which is 77% above median its 10-year median of 33.82 and 52.3% below the Metals & Mining industry median of 125.60. Shandong Gold Mining Co's overall GF Score™ is 75/100 with 3 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 Shandong Gold Mining Co (STU:188H), the current Days Payable is 59.92 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 Shandong Gold Mining Co (STU:188H) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Gold Mining Co stock appears to be undervalued. The current stock price of €1.87 is trading 45.9% below its estimated GF Value™ of €3.45. GuruFocus considers Shandong Gold Mining Co to be Possible Value Trap.

Key valuation signals for STU:188H:

  • Days Payable: 59.92 (77% above median its 10-year median of 33.82)
  • GF Value™: €3.45 vs. price of €1.87 (45.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 52.3% below the Metals & Mining median (#659 of 1063)

No single metric tells the full story. See the STU:188H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Gold Mining Co Business Description

Other Exchanges 01787:Hong Kong600547:China
Address No. 2503, Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250100
Shandong Gold Mining Co Ltd is a China-based company mainly engaged in the exploration, mining, beneficiation, and sales of gold and non-ferrous metals. Additionally, it is involved in the production, processing, and sales of specialized equipment for gold mines and construction and decoration materials. The company's main products include standard gold bullions, investment gold bars, alloy gold, and silver ingots. Its portfolio of gold mines comprises Sanshandao Gold Mine, Jiaojia Gold Mine, Xincheng Gold Mine, Veladero Gold Mine, and Qinghai Dachaidan Mining, among others. The company's reporting segments are: Gold, which derives maximum revenue, Silver metal, Copper metal, Iron ore concentrates, Lead metal, Zinc metal, Purchased gold, Small gold bars, and Others.
75GF Score

Get the complete analysis for STU:188H

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

€1.87
Price
€3.45
GF Value