Chongqing Construction Engineering Group Co (SHSE:600939) Days Payable: 610.79 (As of Mar. 2026) — 176% Above Median

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SHSE:600939 Chongqing Construction Engineering Group Co Ltd SHSE:600939
41 GF Score
Price ¥2.57
GF Value ¥2.19
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Chongqing Construction Engineering Group Co Days Payable?

Chongqing Construction Engineering Group Co SHSE:600939 -1.91% 41 Days Payable is 610.79 as of Mar. 2026, which is 176% above its 10-year median of 221.53. GuruFocus rates SHSE:600939 with a GF Score™ of 41/100 and a GF Value™ of ¥2.19 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,717 Construction companies, Chongqing Construction Engineering Group Co ranks better than 97.03% on this metric.

Chongqing Construction Engineering Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥39,214 Mil. Chongqing Construction Engineering Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥5,858 Mil. Hence, Chongqing Construction Engineering Group Co's Days Payable for the three months ended in Mar. 2026 was 610.79.

The historical rank and industry rank for Chongqing Construction Engineering Group Co's Days Payable or its related term are showing as below:

SHSE:600939' s Days Payable Range Over the Past 10 Years
Min: 194.34   Med: 221.53   Max: 730.5
Current: 698.33

During the past 13 years, Chongqing Construction Engineering Group Co's highest Days Payable was 730.50. The lowest was 194.34. And the median was 221.53.

SHSE:600939's Days Payable is ranked better than
97.03% of 1717 companies
in the Construction industry
Industry Median: 76.51 vs SHSE:600939: 698.33

Chongqing Construction Engineering Group Co's Days Payable increased from Mar. 2025 (551.12) to Mar. 2026 (610.79). It may suggest that Chongqing Construction Engineering Group Co delayed paying its suppliers.


Chongqing Construction Engineering Group Co Days Payable Related Terms


Chongqing Construction Engineering Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Chongqing Construction Engineering Group 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.

Chongqing Construction Engineering Group Co Days Payable Chart

Chongqing Construction Engineering Group 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 220.60 289.15 344.43 599.88 730.50

Chongqing Construction Engineering Group 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 551.12 490.70 924.56 1,076.63 610.79

SHSE:600939 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Chongqing Construction Engineering Group 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.


Chongqing Construction Engineering Group Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Chongqing Construction Engineering Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Construction Engineering Group Co's Days Payable falls into.


SHSE:600939
41GF Score
Chongqing Construction Engineering Group Co Ltd SHSE:600939
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Construction Engineering Group 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.

Chongqing Construction Engineering Group 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
=( (42558.996 + 41637.969) / 2 ) / 21034.939*365
=42098.4825 / 21034.939*365
=730.50

Chongqing Construction Engineering Group 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
=( (41637.969 + 36789.676) / 2 ) / 5858.403*365 / 4
=39213.8225 / 5858.403*365 / 4
=610.79

* 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 610.79 mean?
Chongqing Construction Engineering Group Co (SHSE:600939) has a Days Payable of 610.79 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 Chongqing Construction Engineering Group Co and its competitors. This is 176% above median its historical median of 221.53. Over the past decade, Chongqing Construction Engineering Group Co's Days Payable has ranged from 194.34 to 730.50. According to the industry distribution chart, Chongqing Construction Engineering Group Co ranks #51 out of 1717 companies in the Construction industry, placing it in the top 3%.
Is Chongqing Construction Engineering Group Co's Days Payable too high?
Chongqing Construction Engineering Group Co's current Days Payable of 610.79 is 176% above median its 10-year median of 221.53. Over the past 10 years, this metric has ranged from a low of 194.34 to a high of 730.50. The Construction industry median Days Payable is 76.51. Chongqing Construction Engineering Group Co's value of 610.79 is 698.3% above this industry median. Based on the distribution chart, Chongqing Construction Engineering Group Co ranks #51 out of 1717 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Construction Engineering Group Co has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Construction Engineering Group Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Chongqing Construction Engineering Group Co ranks #51 out of 1717 companies for Days Payable. This places Chongqing Construction Engineering Group Co in the top 3% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.51. Chongqing Construction Engineering Group Co's value of 610.79 is 698.3% above this benchmark. Historically, Chongqing Construction Engineering Group Co's own Days Payable has ranged from 194.34 to 730.50 over the past decade. While the company's 10-year median is 221.53 vs. the industry median of 76.51, Chongqing Construction Engineering Group 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 Construction company?
The median Days Payable among Construction companies is 76.51, based on 1,717 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. Chongqing Construction Engineering Group Co's current Days Payable of 610.79 is 698.3% 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 Chongqing Construction Engineering Group Co and its competitors. For the Construction industry, the median Days Payable is 76.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Construction Engineering Group Co's current Days Payable is 610.79, which is 176% above median its own 10-year median of 221.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Construction Engineering Group Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Construction Engineering Group Co (SHSE:600939) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.19, compared to a current price of ¥2.57 — trading 17.4% above its estimated fair value. The current Days Payable is 610.79, which is 176% above median its 10-year median of 221.53 and 698.3% above the Construction industry median of 76.51. Chongqing Construction Engineering Group Co's overall GF Score™ is 41/100 with 7 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 Chongqing Construction Engineering Group Co (SHSE:600939), the current Days Payable is 610.79 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 Chongqing Construction Engineering Group Co (SHSE:600939) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Construction Engineering Group Co stock appears to be overvalued. The current stock price of ¥2.57 is trading 17.4% above its estimated GF Value™ of ¥2.19. GuruFocus considers Chongqing Construction Engineering Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600939:

  • Days Payable: 610.79 (176% above median its 10-year median of 221.53)
  • GF Value™: ¥2.19 vs. price of ¥2.57 (17.4% above fair value)
  • GF Score™: 41/100 with 7 warning signs
  • Industry Position: 698.3% above the Construction median (#51 of 1717)

No single metric tells the full story. See the SHSE:600939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Construction Engineering Group Co Business Description

Address No.1596, Jinkai Avenue, Liangjiang New District, Economic Development Zone, Chongqing, CHN, 401122
Chongqing Construction Engineering Group Co Ltd is a China based civil engineering construction company. It is engaged in the housing construction and highway construction. The company is involved in the industrial field of building installation field, municipal infrastructure, construction industry and logistics, construction project investment management, building technology, and construction finance. The company has a business presence in China, and various other countries. It focuses on the construction of high-rise buildings, highways, large span bridges and tunnel construction, commodity concrete production, construction machinery manufacturing and other core technologies.
41GF Score

Get the complete analysis for SHSE:600939

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

¥2.57
Price
¥2.19
GF Value