Hangzhou Cogeneration Group Co (SHSE:605011) Days Payable: 29.21 (As of Mar. 2026) — Near Median

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SHSE:605011 Hangzhou Cogeneration Group Co Ltd SHSE:605011
71 GF Score
Price ¥17.63
GF Value ¥22.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hangzhou Cogeneration Group Co Days Payable?

Hangzhou Cogeneration Group Co SHSE:605011 +1.79% 71 Days Payable is 29.21 as of Mar. 2026, which is 5% above its 10-year median of 27.95. GuruFocus rates SHSE:605011 with a GF Score™ of 71/100 and a GF Value™ of ¥22.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 395 Utilities - Independent Power Producers companies, Hangzhou Cogeneration Group Co ranks worse than 79.49% on this metric.

Hangzhou Cogeneration Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥236 Mil. Hangzhou Cogeneration Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥737 Mil. Hence, Hangzhou Cogeneration Group Co's Days Payable for the three months ended in Mar. 2026 was 29.21.

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

SHSE:605011' s Days Payable Range Over the Past 10 Years
Min: 20.2   Med: 27.95   Max: 65.51
Current: 30.11

During the past 10 years, Hangzhou Cogeneration Group Co's highest Days Payable was 65.51. The lowest was 20.20. And the median was 27.95.

SHSE:605011's Days Payable is ranked worse than
79.49% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.03 vs SHSE:605011: 30.11

Hangzhou Cogeneration Group Co's Days Payable declined from Mar. 2025 (36.85) to Mar. 2026 (29.21). It may suggest that Hangzhou Cogeneration Group Co accelerated paying its suppliers.


Hangzhou Cogeneration Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hangzhou Cogeneration 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 Cogeneration Group Co Days Payable Chart

Hangzhou Cogeneration 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 21.78 20.20 27.35 27.01 27.95

Hangzhou Cogeneration 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 36.85 32.24 34.28 24.65 29.21

Hangzhou Cogeneration Group Co Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, Hangzhou Cogeneration 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 Cogeneration Group Co Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Hangzhou Cogeneration Group Co's Days Payable distribution charts can be found below:

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


SHSE:605011
71GF Score
Hangzhou Cogeneration Group Co Ltd SHSE:605011
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou Cogeneration 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 Cogeneration 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
=( (228.354 + 201.755) / 2 ) / 2808.131*365
=215.0545 / 2808.131*365
=27.95

Hangzhou Cogeneration 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
=( (201.755 + 270.003) / 2 ) / 736.913*365 / 4
=235.879 / 736.913*365 / 4
=29.21

* 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 29.21 mean?
Hangzhou Cogeneration Group Co (SHSE:605011) has a Days Payable of 29.21 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 Cogeneration Group Co and its competitors. This is near median its historical median of 27.95. Over the past decade, Hangzhou Cogeneration Group Co's Days Payable has ranged from 20.20 to 65.51. According to the industry distribution chart, Hangzhou Cogeneration Group Co ranks #314 out of 395 companies in the Utilities - Independent Power Producers industry, placing it in the top 79.5%.
Is Hangzhou Cogeneration Group Co's Days Payable too high?
Hangzhou Cogeneration Group Co's current Days Payable of 29.21 is near median its 10-year median of 27.95. Over the past 10 years, this metric has ranged from a low of 20.20 to a high of 65.51. The Utilities - Independent Power Producers industry median Days Payable is 80.03. Hangzhou Cogeneration Group Co's value of 29.21 is 63.5% below this industry median. Based on the distribution chart, Hangzhou Cogeneration Group Co ranks #314 out of 395 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Hangzhou Cogeneration Group Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Cogeneration Group Co's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Hangzhou Cogeneration Group Co ranks #314 out of 395 companies for Days Payable. This places Hangzhou Cogeneration Group Co in the lower half of its industry. The industry median Days Payable is 80.03. Hangzhou Cogeneration Group Co's value of 29.21 is 63.5% below this benchmark. Historically, Hangzhou Cogeneration Group Co's own Days Payable has ranged from 20.20 to 65.51 over the past decade. While the company's 10-year median is 27.95 vs. the industry median of 80.03, Hangzhou Cogeneration Group Co has consistently been below 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 - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 80.03, based on 395 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 Cogeneration Group Co's current Days Payable of 29.21 is 63.5% below 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 Cogeneration Group Co and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 80.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Cogeneration Group Co's current Days Payable is 29.21, which is near median its own 10-year median of 27.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Cogeneration Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Cogeneration Group Co (SHSE:605011) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥22.28, compared to a current price of ¥17.63 — trading 20.9% below its estimated fair value. The current Days Payable is 29.21, which is near median its 10-year median of 27.95 and 63.5% below the Utilities - Independent Power Producers industry median of 80.03. Hangzhou Cogeneration Group Co's overall GF Score™ is 71/100 with 4 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 Cogeneration Group Co (SHSE:605011), the current Days Payable is 29.21 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 Cogeneration Group Co (SHSE:605011) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Cogeneration Group Co stock appears to be undervalued. The current stock price of ¥17.63 is trading 20.9% below its estimated GF Value™ of ¥22.28. GuruFocus considers Hangzhou Cogeneration Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:605011:

  • Days Payable: 29.21 (near median its 10-year median of 27.95)
  • GF Value™: ¥22.28 vs. price of ¥17.63 (20.9% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 63.5% below the Utilities - Independent Power Producers median (#314 of 395)

No single metric tells the full story. See the SHSE:605011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Cogeneration Group Co Business Description

Address No. 199 Yueming Road, Xixing Street, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051
Hangzhou Cogeneration Group Co Ltd is engaged in the business of Industrial park combined heat and power, centralized heating.
71GF Score

Get the complete analysis for SHSE:605011

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

¥17.63
Price
¥22.28
GF Value