Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) Days Payable: 249.60 (As of Mar. 2026) — Near Median

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SHSE:603173 Hangzhou Fortune Gas Cryogenic Group Co Ltd SHSE:603173
89 GF Score
Price ¥31.09
GF Value ¥37.75
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hangzhou Fortune Gas Cryogenic Group Co Days Payable?

Hangzhou Fortune Gas Cryogenic Group Co SHSE:603173 -2.23% 89 Days Payable is 249.60 as of Mar. 2026, which is 1% above its 10-year median of 248.10. GuruFocus rates SHSE:603173 with a GF Score™ of 89/100 and a GF Value™ of ¥37.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,991 Industrial Products companies, Hangzhou Fortune Gas Cryogenic Group Co ranks better than 88.4% on this metric.

Hangzhou Fortune Gas Cryogenic Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,212 Mil. Hangzhou Fortune Gas Cryogenic Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥443 Mil. Hence, Hangzhou Fortune Gas Cryogenic Group Co's Days Payable for the three months ended in Mar. 2026 was 249.60.

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

SHSE:603173' s Days Payable Range Over the Past 10 Years
Min: 202.98   Med: 248.1   Max: 322.07
Current: 219.89

During the past 8 years, Hangzhou Fortune Gas Cryogenic Group Co's highest Days Payable was 322.07. The lowest was 202.98. And the median was 248.10.

SHSE:603173's Days Payable is ranked better than
88.4% of 2991 companies
in the Industrial Products industry
Industry Median: 77.97 vs SHSE:603173: 219.89

Hangzhou Fortune Gas Cryogenic Group Co's Days Payable declined from Mar. 2025 (295.39) to Mar. 2026 (249.60). It may suggest that Hangzhou Fortune Gas Cryogenic Group Co accelerated paying its suppliers.


Hangzhou Fortune Gas Cryogenic Group Co Days Payable Related Terms


Hangzhou Fortune Gas Cryogenic Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hangzhou Fortune Gas Cryogenic 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.

Hangzhou Fortune Gas Cryogenic Group Co Days Payable Chart

Hangzhou Fortune Gas Cryogenic Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 202.98 231.19 267.12 265.01 224.72

Hangzhou Fortune Gas Cryogenic 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 295.39 205.05 283.11 185.57 249.60

SHSE:603173 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Hangzhou Fortune Gas Cryogenic 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.


Hangzhou Fortune Gas Cryogenic Group Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Fortune Gas Cryogenic Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Fortune Gas Cryogenic Group Co's Days Payable falls into.


SHSE:603173
89GF Score
Hangzhou Fortune Gas Cryogenic Group Co Ltd SHSE:603173
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou Fortune Gas Cryogenic 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.

Hangzhou Fortune Gas Cryogenic 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
=( (1430.143 + 1294.763) / 2 ) / 2212.907*365
=1362.453 / 2212.907*365
=224.72

Hangzhou Fortune Gas Cryogenic 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
=( (1294.763 + 1129.277) / 2 ) / 443.104*365 / 4
=1212.02 / 443.104*365 / 4
=249.60

* 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 249.60 mean?
Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) has a Days Payable of 249.60 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 Hangzhou Fortune Gas Cryogenic Group Co and its competitors. This is near median its historical median of 248.10. Over the past decade, Hangzhou Fortune Gas Cryogenic Group Co's Days Payable has ranged from 202.98 to 322.07. According to the industry distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #347 out of 2991 companies in the Industrial Products industry, placing it in the top 11.6%.
Is Hangzhou Fortune Gas Cryogenic Group Co's Days Payable too high?
Hangzhou Fortune Gas Cryogenic Group Co's current Days Payable of 249.60 is near median its 10-year median of 248.10. Over the past 10 years, this metric has ranged from a low of 202.98 to a high of 322.07. The Industrial Products industry median Days Payable is 77.97. Hangzhou Fortune Gas Cryogenic Group Co's value of 249.60 is 220.1% above this industry median. Based on the distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #347 out of 2991 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hangzhou Fortune Gas Cryogenic Group Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Fortune Gas Cryogenic Group Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #347 out of 2991 companies for Days Payable. This places Hangzhou Fortune Gas Cryogenic Group Co in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 77.97. Hangzhou Fortune Gas Cryogenic Group Co's value of 249.60 is 220.1% above this benchmark. Historically, Hangzhou Fortune Gas Cryogenic Group Co's own Days Payable has ranged from 202.98 to 322.07 over the past decade. While the company's 10-year median is 248.10 vs. the industry median of 77.97, Hangzhou Fortune Gas Cryogenic 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.97, based on 2,991 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. Hangzhou Fortune Gas Cryogenic Group Co's current Days Payable of 249.60 is 220.1% 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 Hangzhou Fortune Gas Cryogenic Group Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Fortune Gas Cryogenic Group Co's current Days Payable is 249.60, which is near median its own 10-year median of 248.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Fortune Gas Cryogenic Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥37.75, compared to a current price of ¥31.09 — trading 17.6% below its estimated fair value. The current Days Payable is 249.60, which is near median its 10-year median of 248.10 and 220.1% above the Industrial Products industry median of 77.97. Hangzhou Fortune Gas Cryogenic Group Co's 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173), the current Days Payable is 249.60 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co stock appears to be undervalued. The current stock price of ¥31.09 is trading 17.6% below its estimated GF Value™ of ¥37.75. GuruFocus considers Hangzhou Fortune Gas Cryogenic Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603173:

  • Days Payable: 249.60 (near median its 10-year median of 248.10)
  • GF Value™: ¥37.75 vs. price of ¥31.09 (17.6% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 220.1% above the Industrial Products median (#347 of 2991)

No single metric tells the full story. See the SHSE:603173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Fortune Gas Cryogenic Group Co Business Description

Address No. 398, Xingqi Road, Yuhang Economic and Technological Development Zone, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100
Hangzhou Fortune Gas Cryogenic Group Co Ltd is engaged in the development of various cryogenic technology processes and the design, manufacture, and sales of cryogenic equipment. The company's products mainly include air separation equipment, liquefied natural gas equipment (LNG equipment), coil-wound heat exchangers, chemical cold boxes, and cryogenic equipment such as cryogenic storage tanks.
89GF Score

Get the complete analysis for SHSE:603173

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

¥31.09
Price
¥37.75
GF Value