CHEAF (China Eastern Airlines) Days Payable: 86.79 (As of Mar. 2026) — 63% Above Median


CHEAF China Eastern Airlines Corp Ltd CHEAF
53 GF Score
Price $0.47
GF Value $0.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is China Eastern Airlines Days Payable?

China Eastern Airlines CHEAF 53 Days Payable is 86.79 as of Mar. 2026, which is 63% above its 10-year median of 53.36. GuruFocus rates CHEAF with a GF Score™ of 53/100 and a GF Value™ of $0.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 964 Transportation companies, China Eastern Airlines ranks better than 76.87% on this metric.

China Eastern Airlines's average Accounts Payable for the three months ended in Mar. 2026 was $4,692 Mil. China Eastern Airlines's Cost of Goods Sold for the three months ended in Mar. 2026 was $4,933 Mil. Hence, China Eastern Airlines's Days Payable for the three months ended in Mar. 2026 was 86.79.

The historical rank and industry rank for China Eastern Airlines's Days Payable or its related term are showing as below:

CHEAF' s Days Payable Range Over the Past 10 Years
Min: 42.64   Med: 53.36   Max: 82.79
Current: 81.35

During the past 13 years, China Eastern Airlines's highest Days Payable was 82.79. The lowest was 42.64. And the median was 53.36.

CHEAF's Days Payable is ranked better than
76.87% of 964 companies
in the Transportation industry
Industry Median: 38.985 vs CHEAF: 81.35

China Eastern Airlines's Days Payable increased from Mar. 2025 (71.12) to Mar. 2026 (86.79). It may suggest that China Eastern Airlines delayed paying its suppliers.


China Eastern Airlines Days Payable Historical Data

* Premium members only.

The historical data trend for China Eastern Airlines'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.

China Eastern Airlines Days Payable Chart

China Eastern Airlines 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 56.15 60.21 45.17 59.66 81.67

China Eastern Airlines 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 71.12 76.73 76.73 87.25 86.79

CHEAF vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, China Eastern Airlines'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.


China Eastern Airlines Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Days Payable distribution charts can be found below:

* The bar in red indicates where China Eastern Airlines's Days Payable falls into.


CHEAF
53GF Score
China Eastern Airlines Corp Ltd CHEAF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Eastern Airlines 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.

China Eastern Airlines'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
=( (3423.709 + 5004.827) / 2 ) / 18834.479*365
=4214.268 / 18834.479*365
=81.67

China Eastern Airlines'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
=( (5004.827 + 4380.087) / 2 ) / 4933.475*365 / 4
=4692.457 / 4933.475*365 / 4
=86.79

* 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 86.79 mean?
China Eastern Airlines (CHEAF) has a Days Payable of 86.79 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 China Eastern Airlines and its competitors. This is 63% above median its historical median of 53.36. Over the past decade, China Eastern Airlines' Days Payable has ranged from 42.64 to 82.79. According to the industry distribution chart, China Eastern Airlines ranks #223 out of 964 companies in the Transportation industry, placing it in the top 23.1%.
Is China Eastern Airlines' Days Payable too high?
China Eastern Airlines' current Days Payable of 86.79 is 63% above median its 10-year median of 53.36. Over the past 10 years, this metric has ranged from a low of 42.64 to a high of 82.79. The Transportation industry median Days Payable is 38.99. China Eastern Airlines' value of 86.79 is 122.6% above this industry median. Based on the distribution chart, China Eastern Airlines ranks #223 out of 964 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Eastern Airlines has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Eastern Airlines' Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, China Eastern Airlines ranks #223 out of 964 companies for Days Payable. This places China Eastern Airlines in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 38.99. China Eastern Airlines' value of 86.79 is 122.6% above this benchmark. Historically, China Eastern Airlines' own Days Payable has ranged from 42.64 to 82.79 over the past decade. While the company's 10-year median is 53.36 vs. the industry median of 38.99, China Eastern Airlines 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 Transportation company?
The median Days Payable among Transportation companies is 38.99, based on 964 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. China Eastern Airlines's current Days Payable of 86.79 is 122.6% 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 China Eastern Airlines and its competitors. For the Transportation industry, the median Days Payable is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Eastern Airlines's current Days Payable is 86.79, which is 63% above median its own 10-year median of 53.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Eastern Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Eastern Airlines (CHEAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.56, compared to a current price of $0.47 — trading 16% below its estimated fair value. The current Days Payable is 86.79, which is 63% above median its 10-year median of 53.36 and 122.6% above the Transportation industry median of 38.99. China Eastern Airlines' overall GF Score™ is 53/100 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 China Eastern Airlines (CHEAF), the current Days Payable is 86.79 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 China Eastern Airlines (CHEAF) Overvalued in 2026?

Based on GuruFocus' analysis, China Eastern Airlines stock appears to be undervalued. The current stock price of $0.47 is trading 16% below its estimated GF Value™ of $0.56. GuruFocus considers China Eastern Airlines to be Modestly Undervalued.

Key valuation signals for CHEAF:

  • Days Payable: 86.79 (63% above median its 10-year median of 53.36)
  • GF Value™: $0.56 vs. price of $0.47 (16% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 122.6% above the Transportation median (#223 of 964)

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


China Eastern Airlines Business Description

Address 36 Hongxiang 3rd Road, Minhang District, Shanghai, CHN, 201100
China Eastern Airlines Corp Ltd principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services, also manufacturing and maintenance of aircraft and aviation equipment, agency services, import and export business, tourism and hotel business; and other businesses related to air transportation. The Group has two reportable segments. Airline transportation operations mainly comprise the provision of passenger, cargo, mail delivery, and ground services. Other services, including tour operations, air catering, and other miscellaneous services, are not included within the airline transportation operations segment. Geographically, the company operates Domestic, Regional and International.
53GF Score

Get the complete analysis for CHEAF

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

$0.47
Price
$0.56
GF Value