Changchun Gas Co (SHSE:600333) Days Payable: 122.43 (As of Mar. 2026) — Near Median


SHSE:600333 Changchun Gas Co Ltd SHSE:600333
54 GF Score
Price ¥5.48
GF Value ¥5.32
Valuation Fairly Valued
! 9 Warning Signs
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What is Changchun Gas Co Days Payable?

Changchun Gas Co SHSE:600333 -1.79% 54 Days Payable is 122.43 as of Mar. 2026, which is 3% above its 10-year median of 119.27. GuruFocus rates SHSE:600333 with a GF Score™ of 54/100 and a GF Value™ of ¥5.32 (Fairly Valued). The stock has 9 warning signs investors should review. Among 482 Utilities - Regulated companies, Changchun Gas Co ranks better than 72.41% on this metric.

Changchun Gas Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥790 Mil. Changchun Gas Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥589 Mil. Hence, Changchun Gas Co's Days Payable for the three months ended in Mar. 2026 was 122.43.

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

SHSE:600333' s Days Payable Range Over the Past 10 Years
Min: 81.42   Med: 119.27   Max: 269.98
Current: 120.06

During the past 13 years, Changchun Gas Co's highest Days Payable was 269.98. The lowest was 81.42. And the median was 119.27.

SHSE:600333's Days Payable is ranked better than
72.41% of 482 companies
in the Utilities - Regulated industry
Industry Median: 70.32 vs SHSE:600333: 120.06

Changchun Gas Co's Days Payable increased from Mar. 2025 (98.03) to Mar. 2026 (122.43). It may suggest that Changchun Gas Co delayed paying its suppliers.


Changchun Gas Co Days Payable Historical Data

* Premium members only.

The historical data trend for Changchun Gas 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.

Changchun Gas Co Days Payable Chart

Changchun Gas 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 96.43 96.60 81.42 92.20 114.25

Changchun Gas 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 98.03 186.59 212.75 65.28 122.43

SHSE:600333 vs ATO, NI: Days Payable Comparison

For the Utilities - Regulated Gas subindustry, Changchun Gas 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.


Changchun Gas Co Days Payable vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Changchun Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changchun Gas Co's Days Payable falls into.


SHSE:600333
54GF Score
Changchun Gas Co Ltd SHSE:600333
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Changchun Gas 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.

Changchun Gas 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
=( (542.325 + 748.496) / 2 ) / 2062.004*365
=645.4105 / 2062.004*365
=114.25

Changchun Gas 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
=( (748.496 + 830.999) / 2 ) / 588.635*365 / 4
=789.7475 / 588.635*365 / 4
=122.43

* 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 122.43 mean?
Changchun Gas Co (SHSE:600333) has a Days Payable of 122.43 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 Changchun Gas Co and its competitors. This is near median its historical median of 119.27. Over the past decade, Changchun Gas Co's Days Payable has ranged from 81.42 to 269.98. According to the industry distribution chart, Changchun Gas Co ranks #133 out of 482 companies in the Utilities - Regulated industry, placing it in the top 27.6%.
Is Changchun Gas Co's Days Payable too high?
Changchun Gas Co's current Days Payable of 122.43 is near median its 10-year median of 119.27. Over the past 10 years, this metric has ranged from a low of 81.42 to a high of 269.98. The Utilities - Regulated industry median Days Payable is 70.32. Changchun Gas Co's value of 122.43 is 74.1% above this industry median. Based on the distribution chart, Changchun Gas Co ranks #133 out of 482 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Changchun Gas Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changchun Gas Co's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Changchun Gas Co ranks #133 out of 482 companies for Days Payable. This puts Changchun Gas Co in the upper half of its industry. The industry median Days Payable is 70.32. Changchun Gas Co's value of 122.43 is 74.1% above this benchmark. Historically, Changchun Gas Co's own Days Payable has ranged from 81.42 to 269.98 over the past decade. While the company's 10-year median is 119.27 vs. the industry median of 70.32, Changchun Gas 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. Changchun Gas Co's current Days Payable of 122.43 is 74.1% 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 Changchun Gas 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. Changchun Gas Co's current Days Payable is 122.43, which is near median its own 10-year median of 119.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changchun Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Changchun Gas Co (SHSE:600333) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.32, compared to a current price of ¥5.48 — trading 3% above its estimated fair value. The current Days Payable is 122.43, which is near median its 10-year median of 119.27 and 74.1% above the Utilities - Regulated industry median of 70.32. Changchun Gas Co's overall GF Score™ is 54/100 with 9 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 Changchun Gas Co (SHSE:600333), the current Days Payable is 122.43 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 Changchun Gas Co (SHSE:600333) Overvalued in 2026?

Based on GuruFocus' analysis, Changchun Gas Co stock appears to be overvalued. The current stock price of ¥5.48 is trading 3% above its estimated GF Value™ of ¥5.32. GuruFocus considers Changchun Gas Co to be Fairly Valued.

Key valuation signals for SHSE:600333:

  • Days Payable: 122.43 (near median its 10-year median of 119.27)
  • GF Value™: ¥5.32 vs. price of ¥5.48 (3% above fair value)
  • GF Score™: 54/100 with 9 warning signs
  • Industry Position: 74.1% above the Utilities - Regulated median (#133 of 482)

No single metric tells the full story. See the SHSE:600333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changchun Gas Co Business Description

Address No. 421 Yan'an Street, Chaoyang District, Changchun, Jilin, CHN, 130061
Changchun Gas Co Ltd is engaged in the production and supply of gas in China. It engages in the production, sale, storage, transportation, and after-sales service of natural gas for automobiles; operation of gas filling stations. The company's business consists of Urban Pipeline Gas Supply, Municipal Engineering Construction, and Comprehensive Energy Services. The generates key revenue from Gas sales.
54GF Score

Get the complete analysis for SHSE:600333

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

¥5.48
Price
¥5.32
GF Value