Chengdu Gas Group (SHSE:603053) Days Payable: 84.05 (As of Mar. 2026) — 23% 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:603053 Chengdu Gas Group Corp Ltd SHSE:603053
82 GF Score
Price ¥8.89
GF Value ¥9.97
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Chengdu Gas Group Days Payable?

Chengdu Gas Group SHSE:603053 +1.25% 82 Days Payable is 84.05 as of Mar. 2026, which is 23% below its 10-year median of 108.48. GuruFocus rates SHSE:603053 with a GF Score™ of 82/100 and a GF Value™ of ¥9.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 480 Utilities - Regulated companies, Chengdu Gas Group ranks better than 66.46% on this metric.

Chengdu Gas Group's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,190 Mil. Chengdu Gas Group's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥1,292 Mil. Hence, Chengdu Gas Group's Days Payable for the three months ended in Mar. 2026 was 84.05.

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

SHSE:603053' s Days Payable Range Over the Past 10 Years
Min: 67.04   Med: 108.48   Max: 135.9
Current: 104.83

During the past 11 years, Chengdu Gas Group's highest Days Payable was 135.90. The lowest was 67.04. And the median was 108.48.

SHSE:603053's Days Payable is ranked better than
66.46% of 480 companies
in the Utilities - Regulated industry
Industry Median: 69.715 vs SHSE:603053: 104.83

Chengdu Gas Group's Days Payable increased from Mar. 2025 (83.22) to Mar. 2026 (84.05). It may suggest that Chengdu Gas Group delayed paying its suppliers.


Chengdu Gas Group Days Payable Historical Data

* Premium members only.

The historical data trend for Chengdu Gas Group'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.

Chengdu Gas Group Days Payable Chart

Chengdu Gas Group 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 119.41 105.17 114.75 109.95 99.92

Chengdu Gas Group 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 83.22 135.17 167.30 73.98 84.05

SHSE:603053 vs ATO, NI: Days Payable Comparison

For the Utilities - Regulated Gas subindustry, Chengdu Gas Group'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.


Chengdu Gas Group Days Payable vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chengdu Gas Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Chengdu Gas Group's Days Payable falls into.


SHSE:603053
82GF Score
Chengdu Gas Group Corp Ltd SHSE:603053
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chengdu Gas Group 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.

Chengdu Gas Group'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
=( (1168.801 + 1235.816) / 2 ) / 4391.851*365
=1202.3085 / 4391.851*365
=99.92

Chengdu Gas Group'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
=( (1235.816 + 1143.888) / 2 ) / 1291.733*365 / 4
=1189.852 / 1291.733*365 / 4
=84.05

* 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 84.05 mean?
Chengdu Gas Group (SHSE:603053) has a Days Payable of 84.05 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 Chengdu Gas Group and its competitors. This is 23% below median its historical median of 108.48. Over the past decade, Chengdu Gas Group's Days Payable has ranged from 67.04 to 135.90. According to the industry distribution chart, Chengdu Gas Group ranks #161 out of 480 companies in the Utilities - Regulated industry, placing it in the top 33.5%.
Is Chengdu Gas Group's Days Payable too high?
Chengdu Gas Group's current Days Payable of 84.05 is 23% below median its 10-year median of 108.48. Over the past 10 years, this metric has ranged from a low of 67.04 to a high of 135.90. The Utilities - Regulated industry median Days Payable is 69.72. Chengdu Gas Group's value of 84.05 is 20.6% above this industry median. Based on the distribution chart, Chengdu Gas Group ranks #161 out of 480 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Chengdu Gas Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chengdu Gas Group's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Chengdu Gas Group ranks #161 out of 480 companies for Days Payable. This puts Chengdu Gas Group in the upper half of its industry. The industry median Days Payable is 69.72. Chengdu Gas Group's value of 84.05 is 20.6% above this benchmark. Historically, Chengdu Gas Group's own Days Payable has ranged from 67.04 to 135.90 over the past decade. While the company's 10-year median is 108.48 vs. the industry median of 69.72, Chengdu Gas Group 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 Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 69.72, based on 480 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. Chengdu Gas Group's current Days Payable of 84.05 is 20.6% 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 Chengdu Gas Group and its competitors. For the Utilities - Regulated industry, the median Days Payable is 69.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengdu Gas Group's current Days Payable is 84.05, which is 23% below median its own 10-year median of 108.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengdu Gas Group stock overvalued right now?
Based on GuruFocus' analysis, Chengdu Gas Group (SHSE:603053) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.97, compared to a current price of ¥8.89 — trading 10.8% below its estimated fair value. The current Days Payable is 84.05, which is 23% below median its 10-year median of 108.48 and 20.6% above the Utilities - Regulated industry median of 69.72. Chengdu Gas Group's overall GF Score™ is 82/100 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 Chengdu Gas Group (SHSE:603053), the current Days Payable is 84.05 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 Chengdu Gas Group (SHSE:603053) Overvalued in 2026?

Based on GuruFocus' analysis, Chengdu Gas Group stock appears to be undervalued. The current stock price of ¥8.89 is trading 10.8% below its estimated GF Value™ of ¥9.97. GuruFocus considers Chengdu Gas Group to be Modestly Undervalued.

Key valuation signals for SHSE:603053:

  • Days Payable: 84.05 (23% below median its 10-year median of 108.48)
  • GF Value™: ¥9.97 vs. price of ¥8.89 (10.8% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 20.6% above the Utilities - Regulated median (#161 of 480)

No single metric tells the full story. See the SHSE:603053 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chengdu Gas Group Business Description

Address No. 19 Shaoling Road, Wuhou District, Sichuan Province, Chengdu, CHN, 610041
Chengdu Gas Group Corp Ltd is engaged in urban gas supply in large and medium cities in China. The company's business includes city gas supply, gas engineering planning, design, construction and installation, gas transmission and distribution, application, management, gas intelligent system research and development, equipment manufacturing, gas special equipment, pressure vessels, measuring device testing, gas appliances and equipment sales.
82GF Score

Get the complete analysis for SHSE:603053

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

¥8.89
Price
¥9.97
GF Value