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* 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:600583 vs SLB, BKR, FTI: Days Payable Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering 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.
Offshore Oil Engineering Co Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Days Payable falls into.
Offshore Oil Engineering 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.
Offshore Oil Engineering Co (SHSE:600583) has a Days Payable of 168.33 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Offshore Oil Engineering Co and its competitors. This is near median its historical median of 162.43. Over the past decade, Offshore Oil Engineering Co's Days Payable has ranged from 137.87 to 198.95. According to the industry distribution chart, Offshore Oil Engineering Co ranks #147 out of 857 companies in the Oil & Gas industry, placing it in the top 17.2%.
Is Offshore Oil Engineering Co's Days Payable too high?
Offshore Oil Engineering Co's current Days Payable of 168.33 is near median its 10-year median of 162.43. Over the past 10 years, this metric has ranged from a low of 137.87 to a high of 198.95. The Oil & Gas industry median Days Payable is 58.78. Offshore Oil Engineering Co's value of 168.33 is 186.4% above this industry median. Based on the distribution chart, Offshore Oil Engineering Co ranks #147 out of 857 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Offshore Oil Engineering Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Offshore Oil Engineering Co ranks #147 out of 857 companies for Days Payable. This places Offshore Oil Engineering Co in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 58.78. Offshore Oil Engineering Co's value of 168.33 is 186.4% above this benchmark. Historically, Offshore Oil Engineering Co's own Days Payable has ranged from 137.87 to 198.95 over the past decade. While the company's 10-year median is 162.43 vs. the industry median of 58.78, Offshore Oil Engineering 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 58.78, based on 857 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. Offshore Oil Engineering Co's current Days Payable of 168.33 is 186.4% 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 Offshore Oil Engineering Co and its competitors. For the Oil & Gas industry, the median Days Payable is 58.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current Days Payable is 168.33, which is near median its own 10-year median of 162.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.65, compared to a current price of ¥6.00 — trading 6.2% above its estimated fair value. The current Days Payable is 168.33, which is near median its 10-year median of 162.43 and 186.4% above the Oil & Gas industry median of 58.78. Offshore Oil Engineering Co's overall GF Score™ is 84/100 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 Offshore Oil Engineering Co (SHSE:600583), the current Days Payable is 168.33 as of Jun. 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be overvalued.
The current stock price of ¥6.00 is trading 6.2% above its estimated GF Value™ of ¥5.65.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Days Payable: 168.33 (near median its 10-year median of 162.43)
GF Value™: ¥5.65 vs. price of ¥6.00 (6.2% above fair value)
Industry Position: 186.4% above the Oil & Gas median (#147 of 857)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
84GF Score
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