China Film Group Co (SHSE:600977) Days Payable: 448.79 (As of Mar. 2026) — 81% Above 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:600977 China Film Group Co Ltd SHSE:600977
81 GF Score
Price ¥12.60
GF Value ¥12.73
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is China Film Group Co Days Payable?

China Film Group Co SHSE:600977 +4.22% 81 Days Payable is 448.79 as of Mar. 2026, which is 81% above its 10-year median of 247.66. GuruFocus rates SHSE:600977 with a GF Score™ of 81/100 and a GF Value™ of ¥12.73 (Fairly Valued). The stock has 3 warning signs investors should review. Among 915 Media - Diversified companies, China Film Group Co ranks better than 85.36% on this metric.

China Film Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥4,172 Mil. China Film Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥848 Mil. Hence, China Film Group Co's Days Payable for the three months ended in Mar. 2026 was 448.79.

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

SHSE:600977' s Days Payable Range Over the Past 10 Years
Min: 82.99   Med: 247.66   Max: 402.95
Current: 365.63

During the past 13 years, China Film Group Co's highest Days Payable was 402.95. The lowest was 82.99. And the median was 247.66.

SHSE:600977's Days Payable is ranked better than
85.36% of 915 companies
in the Media - Diversified industry
Industry Median: 83.18 vs SHSE:600977: 365.63

China Film Group Co's Days Payable increased from Mar. 2025 (368.59) to Mar. 2026 (448.79). It may suggest that China Film Group Co delayed paying its suppliers.


China Film Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Film 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.

China Film Group Co Days Payable Chart

China Film 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 229.67 402.95 265.64 369.27 327.16

China Film 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 368.59 598.89 369.00 200.32 448.79

SHSE:600977 vs NFLX, DIS, WBD: Days Payable Comparison

For the Entertainment subindustry, China Film 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.


China Film Group Co Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Film Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Film Group Co's Days Payable falls into.


SHSE:600977
81GF Score
China Film Group Co Ltd SHSE:600977
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Film 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.

China Film 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
=( (3654.644 + 3730.19) / 2 ) / 4119.493*365
=3692.417 / 4119.493*365
=327.16

China Film 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
=( (3730.19 + 4613.919) / 2 ) / 848.279*365 / 4
=4172.0545 / 848.279*365 / 4
=448.79

* 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 448.79 mean?
China Film Group Co (SHSE:600977) has a Days Payable of 448.79 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 China Film Group Co and its competitors. This is 81% above median its historical median of 247.66. Over the past decade, China Film Group Co's Days Payable has ranged from 82.99 to 402.95. According to the industry distribution chart, China Film Group Co ranks #134 out of 915 companies in the Media - Diversified industry, placing it in the top 14.6%.
Is China Film Group Co's Days Payable too high?
China Film Group Co's current Days Payable of 448.79 is 81% above median its 10-year median of 247.66. Over the past 10 years, this metric has ranged from a low of 82.99 to a high of 402.95. The Media - Diversified industry median Days Payable is 83.18. China Film Group Co's value of 448.79 is 439.5% above this industry median. Based on the distribution chart, China Film Group Co ranks #134 out of 915 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, China Film Group Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Film Group Co's Days Payable compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, China Film Group Co ranks #134 out of 915 companies for Days Payable. This places China Film Group Co in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 83.18. China Film Group Co's value of 448.79 is 439.5% above this benchmark. Historically, China Film Group Co's own Days Payable has ranged from 82.99 to 402.95 over the past decade. While the company's 10-year median is 247.66 vs. the industry median of 83.18, China Film 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 83.18, based on 915 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. China Film Group Co's current Days Payable of 448.79 is 439.5% 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 China Film Group Co and its competitors. For the Media - Diversified industry, the median Days Payable is 83.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Film Group Co's current Days Payable is 448.79, which is 81% above median its own 10-year median of 247.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Film Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Film Group Co (SHSE:600977) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.73, compared to a current price of ¥12.60 — trading 1% below its estimated fair value. The current Days Payable is 448.79, which is 81% above median its 10-year median of 247.66 and 439.5% above the Media - Diversified industry median of 83.18. China Film Group Co's overall GF Score™ is 81/100 with 3 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 China Film Group Co (SHSE:600977), the current Days Payable is 448.79 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 China Film Group Co (SHSE:600977) Overvalued in 2026?

Based on GuruFocus' analysis, China Film Group Co stock appears to be undervalued. The current stock price of ¥12.60 is trading 1% below its estimated GF Value™ of ¥12.73. GuruFocus considers China Film Group Co to be Fairly Valued.

Key valuation signals for SHSE:600977:

  • Days Payable: 448.79 (81% above median its 10-year median of 247.66)
  • GF Value™: ¥12.73 vs. price of ¥12.60 (1% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 439.5% above the Media - Diversified median (#134 of 915)

No single metric tells the full story. See the SHSE:600977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Film Group Co Business Description

Address No. 10, Fenghe 1st Park, engxiang Science and Technology Development Zone, Yangsong Town, Huairou District, Beijing, CHN, 100088
China Film Group Co Ltd is engaged in film and television production, film distribution, film screening, and film and television service business. The company's business includes six sectors: creation, distribution, screening, technology, services, and innovation, covering film and TV series production, post-product management; domestic and imported film promotion and distribution; cinema investment, theater chain management; film technology research and development, film and television equipment production and sales and technical services; film and television production, ticketing platform and financial leasing services and other fields.
81GF Score

Get the complete analysis for SHSE:600977

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

¥12.60
Price
¥12.73
GF Value