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Spring Airlines CoSHSE:601021 +0.70%75 Days Payable is 48.17 as of Mar. 2026, which is 144% above its 10-year median of 19.72. GuruFocus rates SHSE:601021 with a GF Score™ of 75/100 and a GF Value™ of ¥66.31 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 969 Transportation companies, Spring Airlines Co ranks better than 52.43% on this metric.
The historical rank and industry rank for Spring Airlines Co's Days Payable or its related term are showing as below:
SHSE:601021'
s Days Payable Range Over the Past 10 Years
Min: 14.24 Med: 19.72 Max: 40.76
Current: 40.58
During the past 13 years, Spring Airlines Co's highest Days Payable was 40.76. The lowest was 14.24. And the median was 19.72.
SHSE:601021's Days Payable is ranked better than 52.43% of 969
companies
in the Transportation industry
Industry Median: 38.61
vs SHSE:601021: 40.58
Spring Airlines Co's Days Payable
increased
from Mar. 2025 (30.15) to Mar. 2026 (48.17).
It may suggest that Spring Airlines Codelayed paying its suppliers.
Spring Airlines Co Days Payable Related Terms
Spring Airlines Co Days Payable Historical Data
* Premium members only.
The historical data trend for Spring Airlines 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.
SHSE:601021 vs DAL, UAL, LUV: Days Payable Comparison
For the Airlines subindustry, Spring Airlines 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.
Spring Airlines Co Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Spring Airlines Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Spring Airlines Co's Days Payable falls into.
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.
Spring Airlines Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Spring Airlines Co (SHSE:601021) has a Days Payable of 48.17 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 Spring Airlines Co and its competitors. This is 144% above median its historical median of 19.72. Over the past decade, Spring Airlines Co's Days Payable has ranged from 14.24 to 40.76. According to the industry distribution chart, Spring Airlines Co ranks #461 out of 969 companies in the Transportation industry, placing it in the top 47.6%.
Is Spring Airlines Co's Days Payable too high?
Spring Airlines Co's current Days Payable of 48.17 is 144% above median its 10-year median of 19.72. Over the past 10 years, this metric has ranged from a low of 14.24 to a high of 40.76. The Transportation industry median Days Payable is 38.61. Spring Airlines Co's value of 48.17 is 24.8% above this industry median. Based on the distribution chart, Spring Airlines Co ranks #461 out of 969 companies in the Transportation industry, which is above the industry midpoint. Overall, Spring Airlines Co has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spring Airlines Co's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Spring Airlines Co ranks #461 out of 969 companies for Days Payable. This puts Spring Airlines Co in the upper half of its industry. The industry median Days Payable is 38.61. Spring Airlines Co's value of 48.17 is 24.8% above this benchmark. Historically, Spring Airlines Co's own Days Payable has ranged from 14.24 to 40.76 over the past decade. While the company's 10-year median is 19.72 vs. the industry median of 38.61, Spring Airlines 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 Transportation company?
The median Days Payable among Transportation companies is 38.61, based on 969 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. Spring Airlines Co's current Days Payable of 48.17 is 24.8% 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 Spring Airlines Co and its competitors. For the Transportation industry, the median Days Payable is 38.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spring Airlines Co's current Days Payable is 48.17, which is 144% above median its own 10-year median of 19.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Spring Airlines Co (SHSE:601021) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥66.31, compared to a current price of ¥45.92 — trading 30.7% below its estimated fair value. The current Days Payable is 48.17, which is 144% above median its 10-year median of 19.72 and 24.8% above the Transportation industry median of 38.61. Spring Airlines Co's overall GF Score™ is 75/100 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 Spring Airlines Co (SHSE:601021), the current Days Payable is 48.17 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 Spring Airlines Co (SHSE:601021) Overvalued in 2026?
Based on GuruFocus' analysis, Spring Airlines Co stock appears to be undervalued.
The current stock price of ¥45.92 is trading 30.7% below its estimated GF Value™ of ¥66.31.
GuruFocus considers Spring Airlines Co to be Significantly Undervalued.
Key valuation signals for SHSE:601021:
Days Payable: 48.17 (144% above median its 10-year median of 19.72)
GF Value™: ¥66.31 vs. price of ¥45.92 (30.7% below fair value)
Industry Position: 24.8% above the Transportation median (#461 of 969)
No single metric tells the full story. See the SHSE:601021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry.
75GF Score
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