Bestsun Energy Co (SHSE:600681) Days Payable: 18.84 (As of Mar. 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600681 Bestsun Energy Co Ltd SHSE:600681
64 GF Score
Price ¥3.42
GF Value ¥3.82
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Bestsun Energy Co Days Payable?

Bestsun Energy Co SHSE:600681 -0.87% 64 Days Payable is 18.84 as of Mar. 2026, which is 60% below its 10-year median of 47.14. GuruFocus rates SHSE:600681 with a GF Score™ of 64/100 and a GF Value™ of ¥3.82 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 483 Utilities - Regulated companies, Bestsun Energy Co ranks worse than 85.09% on this metric.

Bestsun Energy Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥342 Mil. Bestsun Energy Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥1,657 Mil. Hence, Bestsun Energy Co's Days Payable for the three months ended in Mar. 2026 was 18.84.

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

SHSE:600681' s Days Payable Range Over the Past 10 Years
Min: 26.77   Med: 47.14   Max: 145.63
Current: 28.43

During the past 13 years, Bestsun Energy Co's highest Days Payable was 145.63. The lowest was 26.77. And the median was 47.14.

SHSE:600681's Days Payable is ranked worse than
85.09% of 483 companies
in the Utilities - Regulated industry
Industry Median: 70.29 vs SHSE:600681: 28.43

Bestsun Energy Co's Days Payable increased from Mar. 2025 (14.21) to Mar. 2026 (18.84). It may suggest that Bestsun Energy Co delayed paying its suppliers.


Bestsun Energy Co Days Payable Historical Data

* Premium members only.

The historical data trend for Bestsun Energy 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.

Bestsun Energy Co Days Payable Chart

Bestsun Energy 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 36.35 38.09 45.55 37.62 26.77

Bestsun Energy 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 14.21 38.58 48.36 27.01 18.84

SHSE:600681 vs ATO, NI: Days Payable Comparison

For the Utilities - Regulated Gas subindustry, Bestsun Energy 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.


Bestsun Energy Co Days Payable vs Utilities - Regulated Industry

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

* The bar in red indicates where Bestsun Energy Co's Days Payable falls into.


SHSE:600681
64GF Score
Bestsun Energy Co Ltd SHSE:600681
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bestsun Energy 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.

Bestsun Energy 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
=( (297.922 + 360.502) / 2 ) / 4488.662*365
=329.212 / 4488.662*365
=26.77

Bestsun Energy 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
=( (360.502 + 323.677) / 2 ) / 1656.705*365 / 4
=342.0895 / 1656.705*365 / 4
=18.84

* 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 18.84 mean?
Bestsun Energy Co (SHSE:600681) has a Days Payable of 18.84 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 Bestsun Energy Co and its competitors. This is 60% below median its historical median of 47.14. Over the past decade, Bestsun Energy Co's Days Payable has ranged from 26.77 to 145.63. According to the industry distribution chart, Bestsun Energy Co ranks #411 out of 483 companies in the Utilities - Regulated industry, placing it in the top 85.1%.
Is Bestsun Energy Co's Days Payable too high?
Bestsun Energy Co's current Days Payable of 18.84 is 60% below median its 10-year median of 47.14. Over the past 10 years, this metric has ranged from a low of 26.77 to a high of 145.63. The Utilities - Regulated industry median Days Payable is 70.29. Bestsun Energy Co's value of 18.84 is 73.2% below this industry median. Based on the distribution chart, Bestsun Energy Co ranks #411 out of 483 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Bestsun Energy Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bestsun Energy Co's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Bestsun Energy Co ranks #411 out of 483 companies for Days Payable. This places Bestsun Energy Co in the lower half of its industry. The industry median Days Payable is 70.29. Bestsun Energy Co's value of 18.84 is 73.2% below this benchmark. Historically, Bestsun Energy Co's own Days Payable has ranged from 26.77 to 145.63 over the past decade. While the company's 10-year median is 47.14 vs. the industry median of 70.29, Bestsun Energy 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 - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.29, based on 483 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. Bestsun Energy Co's current Days Payable of 18.84 is 73.2% 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 Bestsun Energy Co and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bestsun Energy Co's current Days Payable is 18.84, which is 60% below median its own 10-year median of 47.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bestsun Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Bestsun Energy Co (SHSE:600681) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.82, compared to a current price of ¥3.42 — trading 10.5% below its estimated fair value. The current Days Payable is 18.84, which is 60% below median its 10-year median of 47.14 and 73.2% below the Utilities - Regulated industry median of 70.29. Bestsun Energy Co's overall GF Score™ is 64/100 with 8 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 Bestsun Energy Co (SHSE:600681), the current Days Payable is 18.84 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 Bestsun Energy Co (SHSE:600681) Overvalued in 2026?

Based on GuruFocus' analysis, Bestsun Energy Co stock appears to be undervalued. The current stock price of ¥3.42 is trading 10.5% below its estimated GF Value™ of ¥3.82. GuruFocus considers Bestsun Energy Co to be Modestly Undervalued.

Key valuation signals for SHSE:600681:

  • Days Payable: 18.84 (60% below median its 10-year median of 47.14)
  • GF Value™: ¥3.82 vs. price of ¥3.42 (10.5% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 73.2% below the Utilities - Regulated median (#411 of 483)

No single metric tells the full story. See the SHSE:600681 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bestsun Energy Co Business Description

Address No.1, Yangxin Road, Hanyang District, Hubei Province, Wuhan, CHN, 100022
Bestsun Energy Co Ltd is a China-based company operates as a gas production and supply industry. It invests in natural gas pipelines, liquefied natural gas, and natural gas vehicle fillings stations.
64GF Score

Get the complete analysis for SHSE:600681

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

¥3.42
Price
¥3.82
GF Value