Quang Ninh Thermal power JSC (HSTC:QTP) Days Payable: 42.39 (As of Mar. 2026) — 19% Above Median


HSTC:QTP Quang Ninh Thermal power JSC HSTC:QTP
64 GF Score
Price ₫11,800.00
GF Value ₫13,187.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Quang Ninh Thermal power JSC Days Payable?

Quang Ninh Thermal power JSC HSTC:QTP +2.61% 64 Days Payable is 42.39 as of Mar. 2026, which is 19% above its 10-year median of 35.68. GuruFocus rates HSTC:QTP with a GF Score™ of 64/100 and a GF Value™ of ₫13,187.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Quang Ninh Thermal power JSC ranks worse than 71.28% on this metric.

Quang Ninh Thermal power JSC's average Accounts Payable for the three months ended in Mar. 2026 was ₫1,152,664 Mil. Quang Ninh Thermal power JSC's Cost of Goods Sold for the three months ended in Mar. 2026 was ₫2,481,505 Mil. Hence, Quang Ninh Thermal power JSC's Days Payable for the three months ended in Mar. 2026 was 42.39.

The historical rank and industry rank for Quang Ninh Thermal power JSC's Days Payable or its related term are showing as below:

HSTC:QTP' s Days Payable Range Over the Past 10 Years
Min: 23.7   Med: 35.68   Max: 52.18
Current: 41.51

During the past 5 years, Quang Ninh Thermal power JSC's highest Days Payable was 52.18. The lowest was 23.70. And the median was 35.68.

HSTC:QTP's Days Payable is ranked worse than
71.28% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.9 vs HSTC:QTP: 41.51

Quang Ninh Thermal power JSC's Days Payable declined from Mar. 2025 (48.99) to Mar. 2026 (42.39). It may suggest that Quang Ninh Thermal power JSC accelerated paying its suppliers.


Quang Ninh Thermal power JSC Days Payable Historical Data

* Premium members only.

The historical data trend for Quang Ninh Thermal power JSC'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.

Quang Ninh Thermal power JSC Days Payable Chart

Quang Ninh Thermal power JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
0.00 23.70 28.65 42.70 52.18

Quang Ninh Thermal power JSC Quarterly Data
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 48.99 34.29 41.68 46.95 42.39

Quang Ninh Thermal power JSC Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, Quang Ninh Thermal power JSC'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.


Quang Ninh Thermal power JSC Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Quang Ninh Thermal power JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Quang Ninh Thermal power JSC's Days Payable falls into.


HSTC:QTP
64GF Score
Quang Ninh Thermal power JSC HSTC:QTP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Quang Ninh Thermal power JSC 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.

Quang Ninh Thermal power JSC'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
=( (1434709.865 + 1212767.923) / 2 ) / 9259954.815*365
=1323738.894 / 9259954.815*365
=52.18

Quang Ninh Thermal power JSC'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
=( (1212767.923 + 1092560.489) / 2 ) / 2481504.847*365 / 4
=1152664.206 / 2481504.847*365 / 4
=42.39

* 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 42.39 mean?
Quang Ninh Thermal power JSC (HSTC:QTP) has a Days Payable of 42.39 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 Quang Ninh Thermal power JSC and its competitors. This is 19% above median its historical median of 35.68. Over the past decade, Quang Ninh Thermal power JSC's Days Payable has ranged from 23.70 to 52.18. According to the industry distribution chart, Quang Ninh Thermal power JSC ranks #278 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 71.3%.
Is Quang Ninh Thermal power JSC's Days Payable too high?
Quang Ninh Thermal power JSC's current Days Payable of 42.39 is 19% above median its 10-year median of 35.68. Over the past 10 years, this metric has ranged from a low of 23.70 to a high of 52.18. The Utilities - Independent Power Producers industry median Days Payable is 79.90. Quang Ninh Thermal power JSC's value of 42.39 is 46.9% below this industry median. Based on the distribution chart, Quang Ninh Thermal power JSC ranks #278 out of 390 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Quang Ninh Thermal power JSC has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quang Ninh Thermal power JSC's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Quang Ninh Thermal power JSC ranks #278 out of 390 companies for Days Payable. This places Quang Ninh Thermal power JSC in the lower half of its industry. The industry median Days Payable is 79.90. Quang Ninh Thermal power JSC's value of 42.39 is 46.9% below this benchmark. Historically, Quang Ninh Thermal power JSC's own Days Payable has ranged from 23.70 to 52.18 over the past decade. While the company's 10-year median is 35.68 vs. the industry median of 79.90, Quang Ninh Thermal power JSC 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 - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.90, based on 390 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. Quang Ninh Thermal power JSC's current Days Payable of 42.39 is 46.9% 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 Quang Ninh Thermal power JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quang Ninh Thermal power JSC's current Days Payable is 42.39, which is 19% above median its own 10-year median of 35.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quang Ninh Thermal power JSC stock overvalued right now?
Based on GuruFocus' analysis, Quang Ninh Thermal power JSC (HSTC:QTP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫13,187.19, compared to a current price of ₫11,800.00 — trading 10.5% below its estimated fair value. The current Days Payable is 42.39, which is 19% above median its 10-year median of 35.68 and 46.9% below the Utilities - Independent Power Producers industry median of 79.90. Quang Ninh Thermal power JSC's overall GF Score™ is 64/100 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 Quang Ninh Thermal power JSC (HSTC:QTP), the current Days Payable is 42.39 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 Quang Ninh Thermal power JSC (HSTC:QTP) Overvalued in 2026?

Based on GuruFocus' analysis, Quang Ninh Thermal power JSC stock appears to be undervalued. The current stock price of ₫11,800.00 is trading 10.5% below its estimated GF Value™ of ₫13,187.19. GuruFocus considers Quang Ninh Thermal power JSC to be Modestly Undervalued.

Key valuation signals for HSTC:QTP:

  • Days Payable: 42.39 (19% above median its 10-year median of 35.68)
  • GF Value™: ₫13,187.19 vs. price of ₫11,800.00 (10.5% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 46.9% below the Utilities - Independent Power Producers median (#278 of 390)

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


Quang Ninh Thermal power JSC Business Description

Address Group 33 Area 5, Ha Khanh Ward, Quang Ninh Province, Ha Long City, VNM
Quang Ninh Thermal power JSC is engaged in the generation, transmission, and distribution of electricity.
64GF Score

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

₫11,800.00
Price
₫13,187.19
GF Value