Companhia Celg de Participacoes (BSP:GPAR3) Days Payable: 21.25 (As of Sep. 2025) — Near Median


BSP:GPAR3 Companhia Celg de Participacoes SA BSP:GPAR3
48 GF Score
Price R$12.00
GF Value R$62.70
Valuation Possible Value Trap
! 3 Warning Signs
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What is Companhia Celg de Participacoes Days Payable?

Companhia Celg de Participacoes BSP:GPAR3 48 Days Payable is 21.25 as of Sep. 2025, which is 9% below its 10-year median of 23.29. GuruFocus rates BSP:GPAR3 with a GF Score™ of 48/100 and a GF Value™ of R$62.70 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 483 Utilities - Regulated companies, Companhia Celg de Participacoes ranks worse than 86.75% on this metric.

Companhia Celg de Participacoes's average Accounts Payable for the three months ended in Sep. 2025 was R$1.16 Mil. Companhia Celg de Participacoes's Cost of Goods Sold for the three months ended in Sep. 2025 was R$4.98 Mil. Hence, Companhia Celg de Participacoes's Days Payable for the three months ended in Sep. 2025 was 21.25.

The historical rank and industry rank for Companhia Celg de Participacoes's Days Payable or its related term are showing as below:

BSP:GPAR3' s Days Payable Range Over the Past 10 Years
Min: 9.55   Med: 23.29   Max: 746.79
Current: 27.16

During the past 13 years, Companhia Celg de Participacoes's highest Days Payable was 746.79. The lowest was 9.55. And the median was 23.29.

BSP:GPAR3's Days Payable is ranked worse than
86.75% of 483 companies
in the Utilities - Regulated industry
Industry Median: 70.35 vs BSP:GPAR3: 27.16

Companhia Celg de Participacoes's Days Payable declined from Sep. 2024 (60.61) to Sep. 2025 (21.25). It may suggest that Companhia Celg de Participacoes accelerated paying its suppliers.


Companhia Celg de Participacoes Days Payable Related Terms


Companhia Celg de Participacoes Days Payable Historical Data

* Premium members only.

The historical data trend for Companhia Celg de Participacoes'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.

Companhia Celg de Participacoes Days Payable Chart

Companhia Celg de Participacoes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.65 746.79 28.58 35.93 23.98

Companhia Celg de Participacoes Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 60.61 29.14 29.17 24.33 21.25

BSP:GPAR3 vs NEE, SO, DUK: Days Payable Comparison

For the Utilities - Regulated Electric subindustry, Companhia Celg de Participacoes'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.


Companhia Celg de Participacoes Days Payable vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia Celg de Participacoes's Days Payable distribution charts can be found below:

* The bar in red indicates where Companhia Celg de Participacoes's Days Payable falls into.


BSP:GPAR3
48GF Score
Companhia Celg de Participacoes SA BSP:GPAR3
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Companhia Celg de Participacoes 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.

Companhia Celg de Participacoes's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (0.547 + 1.361) / 2 ) / 14.52*365
=0.954 / 14.52*365
=23.98

Companhia Celg de Participacoes's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (0.861 + 1.459) / 2 ) / 4.981*365 / 4
=1.16 / 4.981*365 / 4
=21.25

* 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 21.25 mean?
Companhia Celg de Participacoes (BSP:GPAR3) has a Days Payable of 21.25 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Companhia Celg de Participacoes and its competitors. This is near median its historical median of 23.29. Over the past decade, Companhia Celg de Participacoes' Days Payable has ranged from 9.55 to 746.79. According to the industry distribution chart, Companhia Celg de Participacoes ranks #419 out of 483 companies in the Utilities - Regulated industry, placing it in the top 86.7%.
Is Companhia Celg de Participacoes' Days Payable too high?
Companhia Celg de Participacoes' current Days Payable of 21.25 is near median its 10-year median of 23.29. Over the past 10 years, this metric has ranged from a low of 9.55 to a high of 746.79. The Utilities - Regulated industry median Days Payable is 70.35. Companhia Celg de Participacoes' value of 21.25 is 69.8% below this industry median. Based on the distribution chart, Companhia Celg de Participacoes ranks #419 out of 483 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Companhia Celg de Participacoes has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Companhia Celg de Participacoes' Days Payable compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia Celg de Participacoes ranks #419 out of 483 companies for Days Payable. This places Companhia Celg de Participacoes in the lower half of its industry. The industry median Days Payable is 70.35. Companhia Celg de Participacoes' value of 21.25 is 69.8% below this benchmark. Historically, Companhia Celg de Participacoes' own Days Payable has ranged from 9.55 to 746.79 over the past decade. While the company's 10-year median is 23.29 vs. the industry median of 70.35, Companhia Celg de Participacoes 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 an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.35, based on 483 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. Companhia Celg de Participacoes's current Days Payable of 21.25 is 69.8% 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 Companhia Celg de Participacoes and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Celg de Participacoes's current Days Payable is 21.25, which is near median its own 10-year median of 23.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Celg de Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Companhia Celg de Participacoes (BSP:GPAR3) is currently considered Possible Value Trap. The stock's GF Value™ is R$62.70, compared to a current price of R$12.00 — trading 80.9% below its estimated fair value. The current Days Payable is 21.25, which is near median its 10-year median of 23.29 and 69.8% below the Utilities - Regulated industry median of 70.35. Companhia Celg de Participacoes' overall GF Score™ is 48/100 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 Companhia Celg de Participacoes (BSP:GPAR3), the current Days Payable is 21.25 as of Sep. 2025. 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 Companhia Celg de Participacoes (BSP:GPAR3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Celg de Participacoes stock appears to be undervalued. The current stock price of R$12.00 is trading 80.9% below its estimated GF Value™ of R$62.70. GuruFocus considers Companhia Celg de Participacoes to be Possible Value Trap.

Key valuation signals for BSP:GPAR3:

  • Days Payable: 21.25 (near median its 10-year median of 23.29)
  • GF Value™: R$62.70 vs. price of R$12.00 (80.9% below fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 69.8% below the Utilities - Regulated median (#419 of 483)

No single metric tells the full story. See the BSP:GPAR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Celg de Participacoes Business Description

Address Rua 2, Quadra A-37, No- 505, Edificio Gileno Godoi, Goiania, BRA, 74805-180
Companhia Celg de Participacoes SA operates as the holding company in electricity sector. The Company generates, distributes, transmits and markets electric energy in Brazil.
48GF Score

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

R$12.00
Price
R$62.70
GF Value