Hainan Airlines Holding Co (SHSE:600221) Days Payable: 83.20 (As of Mar. 2026) — Near Median


SHSE:600221 Hainan Airlines Holding Co Ltd SHSE:600221
68 GF Score
Price ¥1.32
GF Value ¥1.80
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hainan Airlines Holding Co Days Payable?

Hainan Airlines Holding Co SHSE:600221 -2.22% 68 Days Payable is 83.20 as of Mar. 2026, which is 5% above its 10-year median of 79.04. GuruFocus rates SHSE:600221 with a GF Score™ of 68/100 and a GF Value™ of ¥1.80 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 967 Transportation companies, Hainan Airlines Holding Co ranks better than 77.97% on this metric.

Hainan Airlines Holding Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥14,845 Mil. Hainan Airlines Holding Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥16,281 Mil. Hence, Hainan Airlines Holding Co's Days Payable for the three months ended in Mar. 2026 was 83.20.

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

SHSE:600221' s Days Payable Range Over the Past 10 Years
Min: 60.7   Med: 79.04   Max: 149.91
Current: 85.32

During the past 13 years, Hainan Airlines Holding Co's highest Days Payable was 149.91. The lowest was 60.70. And the median was 79.04.

SHSE:600221's Days Payable is ranked better than
77.97% of 967 companies
in the Transportation industry
Industry Median: 39.16 vs SHSE:600221: 85.32

Hainan Airlines Holding Co's Days Payable declined from Mar. 2025 (85.73) to Mar. 2026 (83.20). It may suggest that Hainan Airlines Holding Co accelerated paying its suppliers.


Hainan Airlines Holding Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hainan Airlines Holding Co'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.

Hainan Airlines Holding Co Days Payable Chart

Hainan Airlines Holding Co 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 128.57 86.89 66.86 82.52 92.82

Hainan Airlines Holding Co 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 85.73 86.66 84.71 94.27 83.20

SHSE:600221 vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, Hainan Airlines Holding 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.


Hainan Airlines Holding Co Days Payable vs Transportation Industry

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

* The bar in red indicates where Hainan Airlines Holding Co's Days Payable falls into.


SHSE:600221
68GF Score
Hainan Airlines Holding Co Ltd SHSE:600221
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hainan Airlines Holding 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.

Hainan Airlines Holding Co'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
=( (15666.812 + 16481.638) / 2 ) / 63212.452*365
=16074.225 / 63212.452*365
=92.82

Hainan Airlines Holding Co'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
=( (16481.638 + 13208.93) / 2 ) / 16281.397*365 / 4
=14845.284 / 16281.397*365 / 4
=83.20

* 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 83.20 mean?
Hainan Airlines Holding Co (SHSE:600221) has a Days Payable of 83.20 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 Hainan Airlines Holding Co and its competitors. This is near median its historical median of 79.04. Over the past decade, Hainan Airlines Holding Co's Days Payable has ranged from 60.70 to 149.91. According to the industry distribution chart, Hainan Airlines Holding Co ranks #213 out of 967 companies in the Transportation industry, placing it in the top 22%.
Is Hainan Airlines Holding Co's Days Payable too high?
Hainan Airlines Holding Co's current Days Payable of 83.20 is near median its 10-year median of 79.04. Over the past 10 years, this metric has ranged from a low of 60.70 to a high of 149.91. The Transportation industry median Days Payable is 39.16. Hainan Airlines Holding Co's value of 83.20 is 112.5% above this industry median. Based on the distribution chart, Hainan Airlines Holding Co ranks #213 out of 967 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Hainan Airlines Holding Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hainan Airlines Holding Co's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Hainan Airlines Holding Co ranks #213 out of 967 companies for Days Payable. This places Hainan Airlines Holding Co in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 39.16. Hainan Airlines Holding Co's value of 83.20 is 112.5% above this benchmark. Historically, Hainan Airlines Holding Co's own Days Payable has ranged from 60.70 to 149.91 over the past decade. While the company's 10-year median is 79.04 vs. the industry median of 39.16, Hainan Airlines Holding Co 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 39.16, based on 967 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. Hainan Airlines Holding Co's current Days Payable of 83.20 is 112.5% 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 Hainan Airlines Holding Co and its competitors. For the Transportation industry, the median Days Payable is 39.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Airlines Holding Co's current Days Payable is 83.20, which is near median its own 10-year median of 79.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airlines Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airlines Holding Co (SHSE:600221) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1.80, compared to a current price of ¥1.32 — trading 26.7% below its estimated fair value. The current Days Payable is 83.20, which is near median its 10-year median of 79.04 and 112.5% above the Transportation industry median of 39.16. Hainan Airlines Holding Co's overall GF Score™ is 68/100 with 6 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 Hainan Airlines Holding Co (SHSE:600221), the current Days Payable is 83.20 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 Hainan Airlines Holding Co (SHSE:600221) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Airlines Holding Co stock appears to be undervalued. The current stock price of ¥1.32 is trading 26.7% below its estimated GF Value™ of ¥1.80. GuruFocus considers Hainan Airlines Holding Co to be Modestly Undervalued.

Key valuation signals for SHSE:600221:

  • Days Payable: 83.20 (near median its 10-year median of 79.04)
  • GF Value™: ¥1.80 vs. price of ¥1.32 (26.7% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 112.5% above the Transportation median (#213 of 967)

No single metric tells the full story. See the SHSE:600221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Airlines Holding Co Business Description

Other Exchanges 900945:China
Address No. 9 Meilan Airport Road, Building 21, Comprehensive Office Building, Hainan Airlines Haikou Meilan Base, Meilan District, Hainan Province, Haikou, CHN, 571126
Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in operating approved domestic air passenger and cargo transportation business, as well as business charter flight business to neighboring countries and regions. It is also engaged in the production of in-flight supplies, aviation equipment, aviation ground equipment and spare parts, terminal services and operations, and provides insurance agency services.
68GF Score

Get the complete analysis for SHSE:600221

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

¥1.32
Price
¥1.80
GF Value