Reach Machinery Co (SZSE:301596) Days Payable: 66.51 (As of Jun. 2026) — Near 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.

SZSE:301596 Reach Machinery Co Ltd SZSE:301596
39 GF Score
Price ¥46.79
! 2 Warning Signs
View Full Analysis

What is Reach Machinery Co Days Payable?

Reach Machinery Co SZSE:301596 -0.11% 39 Days Payable is 66.51 as of Jun. 2026, which is 1% below its 10-year median of 67.42. GuruFocus rates SZSE:301596 with a GF Score™ of 39/100. The stock has 2 warning signs investors should review. Among 1,317 Vehicles & Parts companies, Reach Machinery Co ranks better than 56.87% on this metric.

Reach Machinery Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥114.8 Mil. Reach Machinery Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥157.4 Mil. Hence, Reach Machinery Co's Days Payable for the three months ended in Jun. 2026 was 66.51.

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

SZSE:301596' s Days Payable Range Over the Past 10 Years
Min: 63.21   Med: 67.42   Max: 112.62
Current: 73.24

During the past 7 years, Reach Machinery Co's highest Days Payable was 112.62. The lowest was 63.21. And the median was 67.42.

SZSE:301596's Days Payable is ranked better than
56.87% of 1317 companies
in the Vehicles & Parts industry
Industry Median: 65.64 vs SZSE:301596: 73.24

Reach Machinery Co's Days Payable increased from Jun. 2025 (63.27) to Jun. 2026 (66.51). It may suggest that Reach Machinery Co delayed paying its suppliers.


Reach Machinery Co Days Payable Historical Data

* Premium members only.

The historical data trend for Reach Machinery 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.

Reach Machinery Co Days Payable Chart

Reach Machinery Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 54.31 56.26 62.53 61.58 65.56

Reach Machinery Co Quarterly Data
Sep23 Dec23 Mar24 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 63.27 73.21 67.85 70.53 66.51

SZSE:301596 vs ORLY, AZO, GPC: Days Payable Comparison

For the Auto Parts subindustry, Reach Machinery 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.


Reach Machinery Co Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Reach Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Reach Machinery Co's Days Payable falls into.


SZSE:301596
39GF Score
Reach Machinery Co Ltd SZSE:301596
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reach Machinery 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.

Reach Machinery 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
=( (73.12094901 + 89.56888106) / 2 ) / 452.90660245*365
=81.344915035 / 452.90660245*365
=65.56

Reach Machinery 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
=( (95.73333325 + 133.7773088) / 2 ) / 157.441537795*365 / 4
=114.755321025 / 157.441537795*365 / 4
=66.51

* 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 66.51 mean?
Reach Machinery Co (SZSE:301596) has a Days Payable of 66.51 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 Reach Machinery Co and its competitors. This is near median its historical median of 67.42. Over the past decade, Reach Machinery Co's Days Payable has ranged from 63.21 to 112.62. According to the industry distribution chart, Reach Machinery Co ranks #568 out of 1317 companies in the Vehicles & Parts industry, placing it in the top 43.1%.
Is Reach Machinery Co's Days Payable too high?
Reach Machinery Co's current Days Payable of 66.51 is near median its 10-year median of 67.42. Over the past 10 years, this metric has ranged from a low of 63.21 to a high of 112.62. The Vehicles & Parts industry median Days Payable is 65.64. Reach Machinery Co's value of 66.51 is 1.3% above this industry median. Based on the distribution chart, Reach Machinery Co ranks #568 out of 1317 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Reach Machinery Co has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Reach Machinery Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Reach Machinery Co ranks #568 out of 1317 companies for Days Payable. This puts Reach Machinery Co in the upper half of its industry. The industry median Days Payable is 65.64. Reach Machinery Co's value of 66.51 is 1.3% above this benchmark. Historically, Reach Machinery Co's own Days Payable has ranged from 63.21 to 112.62 over the past decade. While the company's 10-year median is 67.42 vs. the industry median of 65.64, Reach Machinery 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 65.64, based on 1,317 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. Reach Machinery Co's current Days Payable of 66.51 is 1.3% 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 Reach Machinery Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 65.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reach Machinery Co's current Days Payable is 66.51, which is near median its own 10-year median of 67.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reach Machinery Co stock overvalued right now?
Reach Machinery Co (SZSE:301596) has a current Days Payable of 66.51. The current Days Payable is 66.51, which is near median its 10-year median of 67.42 and 1.3% above the Vehicles & Parts industry median of 65.64. Reach Machinery Co's overall GF Score™ is 39/100 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 Reach Machinery Co (SZSE:301596), the current Days Payable is 66.51 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.

Reach Machinery Co Business Description

Address No. 909, Section 4, Middle Xihangang Avenue, Shuangliu District, Sichuan Province, Chengdu, CHN, 610207
Reach Machinery Co Ltd is engaged in the research and development, production and sales of key components for automation equipment transmission and braking systems. Its products include electromagnetic brakes that include spring-loaded brakes, permanent magnet brakes, electric brakes, and other types. Harmonic reducer that includes Cup-RCSD, Top Hat-RHSD, Cup-RCSG, etc. Planetary Roller Screw, Expansion Sleeve and Shrinking Disc.
39GF Score

Get the complete analysis for SZSE:301596

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

¥46.79
Price