* 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.
CNOOC Energy Technology & Services Days Payable Chart
SHSE:600968 vs SLB, BKR, HAL: Days Payable Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services Days Payable vs Oil & Gas Industry
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services (SHSE:600968) has a Days Payable of 121.88 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 CNOOC Energy Technology & Services and its competitors. This is 28% above median its historical median of 95.16. Over the past decade, CNOOC Energy Technology & Services' Days Payable has ranged from 67.59 to 114.59. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #296 out of 852 companies in the Oil & Gas industry, placing it in the top 34.7%.
Is CNOOC Energy Technology & Services' Days Payable too high?
CNOOC Energy Technology & Services' current Days Payable of 121.88 is 28% above median its 10-year median of 95.16. Over the past 10 years, this metric has ranged from a low of 67.59 to a high of 114.59. The Oil & Gas industry median Days Payable is 58.15. CNOOC Energy Technology & Services' value of 121.88 is 109.6% above this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #296 out of 852 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #296 out of 852 companies for Days Payable. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Days Payable is 58.15. CNOOC Energy Technology & Services' value of 121.88 is 109.6% above this benchmark. Historically, CNOOC Energy Technology & Services' own Days Payable has ranged from 67.59 to 114.59 over the past decade. While the company's 10-year median is 95.16 vs. the industry median of 58.15, CNOOC Energy Technology & Services 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 58.15, based on 852 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. CNOOC Energy Technology & Services's current Days Payable of 121.88 is 109.6% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median Days Payable is 58.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Days Payable is 121.88, which is 28% above median its own 10-year median of 95.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.45 — trading 11.8% below its estimated fair value. The current Days Payable is 121.88, which is 28% above median its 10-year median of 95.16 and 109.6% above the Oil & Gas industry median of 58.15. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 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 CNOOC Energy Technology & Services (SHSE:600968), the current Days Payable is 121.88 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.45 is trading 11.8% below its estimated GF Value™ of ¥3.91.
GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.
Key valuation signals for SHSE:600968:
Days Payable: 121.88 (28% above median its 10-year median of 95.16)
GF Value™: ¥3.91 vs. price of ¥3.45 (11.8% below fair value)
Industry Position: 109.6% above the Oil & Gas median (#296 of 852)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
89GF Score
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