What is Zhejiang Zheneng Electric Power Co Days Payable?
Zhejiang Zheneng Electric Power CoSHSE:600023 +0.18%75 Days Payable is 61.74 as of Mar. 2026, which is 36% above its 10-year median of 45.44. GuruFocus rates SHSE:600023 with a GF Score™ of 75/100 and a GF Value™ of ¥4.84 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Zhejiang Zheneng Electric Power Co ranks worse than 60.51% on this metric.
SHSE:600023'
s Days Payable Range Over the Past 10 Years
Min: 35.56 Med: 45.44 Max: 78.98
Current: 55.47
During the past 13 years, Zhejiang Zheneng Electric Power Co's highest Days Payable was 78.98. The lowest was 35.56. And the median was 45.44.
SHSE:600023's Days Payable is ranked worse than 60.51% of 390
companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.9
vs SHSE:600023: 55.47
* 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.
Zhejiang Zheneng Electric Power Co Days Payable Chart
SHSE:600023 vs CEG, VST, NRG: Days Payable Comparison
For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power 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.
Zhejiang Zheneng Electric Power Co Days Payable vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Zhejiang Zheneng Electric Power Co's Days Payable falls into.
Zhejiang Zheneng Electric Power 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.
* 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.
Zhejiang Zheneng Electric Power Co (SHSE:600023) has a Days Payable of 61.74 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 Zhejiang Zheneng Electric Power Co and its competitors. This is 36% above median its historical median of 45.44. Over the past decade, Zhejiang Zheneng Electric Power Co's Days Payable has ranged from 35.56 to 78.98. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #236 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 60.5%.
Is Zhejiang Zheneng Electric Power Co's Days Payable too high?
Zhejiang Zheneng Electric Power Co's current Days Payable of 61.74 is 36% above median its 10-year median of 45.44. Over the past 10 years, this metric has ranged from a low of 35.56 to a high of 78.98. The Utilities - Independent Power Producers industry median Days Payable is 79.90. Zhejiang Zheneng Electric Power Co's value of 61.74 is 22.7% below this industry median. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #236 out of 390 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's Days Payable compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #236 out of 390 companies for Days Payable. This places Zhejiang Zheneng Electric Power Co in the lower half of its industry. The industry median Days Payable is 79.90. Zhejiang Zheneng Electric Power Co's value of 61.74 is 22.7% below this benchmark. Historically, Zhejiang Zheneng Electric Power Co's own Days Payable has ranged from 35.56 to 78.98 over the past decade. While the company's 10-year median is 45.44 vs. the industry median of 79.90, Zhejiang Zheneng Electric Power Co 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. Zhejiang Zheneng Electric Power Co's current Days Payable of 61.74 is 22.7% 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 Zhejiang Zheneng Electric Power Co 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. Zhejiang Zheneng Electric Power Co's current Days Payable is 61.74, which is 36% above median its own 10-year median of 45.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zheneng Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co (SHSE:600023) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.84, compared to a current price of ¥5.47 — trading 13% above its estimated fair value. The current Days Payable is 61.74, which is 36% above median its 10-year median of 45.44 and 22.7% below the Utilities - Independent Power Producers industry median of 79.90. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 75/100 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 Zhejiang Zheneng Electric Power Co (SHSE:600023), the current Days Payable is 61.74 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 Zhejiang Zheneng Electric Power Co (SHSE:600023) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co stock appears to be overvalued.
The current stock price of ¥5.47 is trading 13% above its estimated GF Value™ of ¥4.84.
GuruFocus considers Zhejiang Zheneng Electric Power Co to be Modestly Overvalued.
Key valuation signals for SHSE:600023:
Days Payable: 61.74 (36% above median its 10-year median of 45.44)
GF Value™: ¥4.84 vs. price of ¥5.47 (13% above fair value)
Industry Position: 22.7% below the Utilities - Independent Power Producers median (#236 of 390)
No single metric tells the full story. See the SHSE:600023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Zheneng Electric Power Co Business Description
AddressNo. 36, Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power.
75GF Score
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