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SPIC Hydropower CoSHSE:600292 +1.30%42 Days Payable is 221.27 as of Mar. 2026, which is 10% above its 10-year median of 200.67. GuruFocus rates SHSE:600292 with a GF Score™ of 42/100 and a GF Value™ of ¥4.46 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 482 Utilities - Regulated companies, SPIC Hydropower Co ranks better than 72.82% on this metric.
The historical rank and industry rank for SPIC Hydropower Co's Days Payable or its related term are showing as below:
SHSE:600292'
s Days Payable Range Over the Past 10 Years
Min: 104.11 Med: 200.67 Max: 285.79
Current: 121.24
During the past 13 years, SPIC Hydropower Co's highest Days Payable was 285.79. The lowest was 104.11. And the median was 200.67.
SHSE:600292's Days Payable is ranked better than 72.82% of 482
companies
in the Utilities - Regulated industry
Industry Median: 70.32
vs SHSE:600292: 121.24
SPIC Hydropower Co's Days Payable
increased
from Mar. 2025 (127.43) to Mar. 2026 (221.27).
It may suggest that SPIC Hydropower Codelayed paying its suppliers.
SPIC Hydropower Co Days Payable Related Terms
SPIC Hydropower Co Days Payable Historical Data
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The historical data trend for SPIC Hydropower 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.
SHSE:600292 vs NEE, SO, DUK: Days Payable Comparison
For the Utilities - Regulated Electric subindustry, SPIC Hydropower 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.
SPIC Hydropower Co Days Payable vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPIC Hydropower Co's Days Payable distribution charts can be found below:
* The bar in red indicates where SPIC Hydropower Co'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.
SPIC Hydropower Co'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.
SPIC Hydropower Co (SHSE:600292) has a Days Payable of 221.27 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 SPIC Hydropower Co and its competitors. This is 10% above median its historical median of 200.67. Over the past decade, SPIC Hydropower Co's Days Payable has ranged from 104.11 to 285.79. According to the industry distribution chart, SPIC Hydropower Co ranks #131 out of 482 companies in the Utilities - Regulated industry, placing it in the top 27.2%.
Is SPIC Hydropower Co's Days Payable too high?
SPIC Hydropower Co's current Days Payable of 221.27 is 10% above median its 10-year median of 200.67. Over the past 10 years, this metric has ranged from a low of 104.11 to a high of 285.79. The Utilities - Regulated industry median Days Payable is 70.32. SPIC Hydropower Co's value of 221.27 is 214.7% above this industry median. Based on the distribution chart, SPIC Hydropower Co ranks #131 out of 482 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, SPIC Hydropower Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIC Hydropower Co's Days Payable compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPIC Hydropower Co ranks #131 out of 482 companies for Days Payable. This puts SPIC Hydropower Co in the upper half of its industry. The industry median Days Payable is 70.32. SPIC Hydropower Co's value of 221.27 is 214.7% above this benchmark. Historically, SPIC Hydropower Co's own Days Payable has ranged from 104.11 to 285.79 over the past decade. While the company's 10-year median is 200.67 vs. the industry median of 70.32, SPIC Hydropower 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 an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.32, based on 482 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. SPIC Hydropower Co's current Days Payable of 221.27 is 214.7% 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 SPIC Hydropower Co and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPIC Hydropower Co's current Days Payable is 221.27, which is 10% above median its own 10-year median of 200.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIC Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, SPIC Hydropower Co (SHSE:600292) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.46, compared to a current price of ¥12.50 — trading 180.3% above its estimated fair value. The current Days Payable is 221.27, which is 10% above median its 10-year median of 200.67 and 214.7% above the Utilities - Regulated industry median of 70.32. SPIC Hydropower Co's overall GF Score™ is 42/100 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 SPIC Hydropower Co (SHSE:600292), the current Days Payable is 221.27 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 SPIC Hydropower Co (SHSE:600292) Overvalued in 2026?
Based on GuruFocus' analysis, SPIC Hydropower Co stock appears to be overvalued.
The current stock price of ¥12.50 is trading 180.3% above its estimated GF Value™ of ¥4.46.
GuruFocus considers SPIC Hydropower Co to be Significantly Overvalued.
Key valuation signals for SHSE:600292:
Days Payable: 221.27 (10% above median its 10-year median of 200.67)
GF Value™: ¥4.46 vs. price of ¥12.50 (180.3% above fair value)
Industry Position: 214.7% above the Utilities - Regulated median (#131 of 482)
No single metric tells the full story. See the SHSE:600292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIC Hydropower Co Ltd is engaged in energy and ecological integration activities, with a focus on hydropower generation and the integrated development and operation of river basin hydropower and new energy projects. Its business scope includes the provision of technical services, technology development and consultation, technology exchange and transfer, and technology promotion.
42GF Score
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