CMS EnergyFRA:CSG -0.56%75 Days Payable is 71.90 as of Mar. 2026, which is 20% above its 10-year median of 60.12. GuruFocus rates FRA:CSG with a GF Score™ of 75/100 and a GF Value™ of €64.93 (Fairly Valued). The stock has 11 warning signs investors should review. Among 481 Utilities - Regulated companies, CMS Energy ranks better than 57.38% on this metric.
CMS Energy's average Accounts Payable for the
three
months ended in Mar. 2026 was €1,128 Mil. CMS Energy's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €1,432 Mil.
Hence, CMS Energy's Days Payable for the
three
months ended in Mar. 2026 was 71.90.
The historical rank and industry rank for CMS Energy's Days Payable or its related term are showing as below:
FRA:CSG'
s Days Payable Range Over the Past 10 Years
Min: 55.86 Med: 60.12 Max: 90.65
Current: 81.41
During the past 13 years, CMS Energy's highest Days Payable was 90.65. The lowest was 55.86. And the median was 60.12.
FRA:CSG's Days Payable is ranked better than 57.38% of 481
companies
in the Utilities - Regulated industry
Industry Median: 70.61
vs FRA:CSG: 81.41
CMS Energy's Days Payable
increased
from Mar. 2025 (67.09) to Mar. 2026 (71.90).
It may suggest that CMS Energydelayed paying its suppliers.
CMS Energy Days Payable Related Terms
CMS Energy Days Payable Historical Data
* Premium members only.
The historical data trend for CMS Energy'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.
For the Utilities - Regulated Electric subindustry, CMS Energy'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.
CMS Energy Days Payable vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Days Payable distribution charts can be found below:
* The bar in red indicates where CMS Energy's Days Payable falls into.
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.
CMS Energy's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
CMS Energy (FRA:CSG) has a Days Payable of 71.90 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 CMS Energy and its competitors. This is 20% above median its historical median of 60.12. Over the past decade, CMS Energy's Days Payable has ranged from 55.86 to 90.65. According to the industry distribution chart, CMS Energy ranks #205 out of 481 companies in the Utilities - Regulated industry, placing it in the top 42.6%.
Is CMS Energy's Days Payable too high?
CMS Energy's current Days Payable of 71.90 is 20% above median its 10-year median of 60.12. Over the past 10 years, this metric has ranged from a low of 55.86 to a high of 90.65. The Utilities - Regulated industry median Days Payable is 70.61. CMS Energy's value of 71.90 is 1.8% above this industry median. Based on the distribution chart, CMS Energy ranks #205 out of 481 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CMS Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Days Payable compare to ES and EVRG?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #205 out of 481 companies for Days Payable. This puts CMS Energy in the upper half of its industry. The industry median Days Payable is 70.61. CMS Energy's value of 71.90 is 1.8% above this benchmark. Historically, CMS Energy's own Days Payable has ranged from 55.86 to 90.65 over the past decade. While the company's 10-year median is 60.12 vs. the industry median of 70.61, CMS Energy 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 an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.61, based on 481 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. CMS Energy's current Days Payable of 71.90 is 1.8% 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 CMS Energy and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Days Payable is 71.90, which is 20% above median its own 10-year median of 60.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (FRA:CSG) is currently considered Fairly Valued. The stock's GF Value™ is €64.93, compared to a current price of €67.28 — trading 3.6% above its estimated fair value. The current Days Payable is 71.90, which is 20% above median its 10-year median of 60.12 and 1.8% above the Utilities - Regulated industry median of 70.61. CMS Energy's overall GF Score™ is 75/100 with 11 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 CMS Energy (FRA:CSG), the current Days Payable is 71.90 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 CMS Energy (FRA:CSG) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be overvalued.
The current stock price of €67.28 is trading 3.6% above its estimated GF Value™ of €64.93.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for FRA:CSG:
Days Payable: 71.90 (20% above median its 10-year median of 60.12)
GF Value™: €64.93 vs. price of €67.28 (3.6% above fair value)
Industry Position: 1.8% above the Utilities - Regulated median (#205 of 481)
No single metric tells the full story. See the FRA:CSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
75GF Score
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