NARI Technology CoSHSE:600406 +1.66%92 Days Payable is 356.82 as of Mar. 2026, which is 45% above its 10-year median of 246.54. GuruFocus rates SHSE:600406 with a GF Score™ of 92/100 and a GF Value™ of ¥30.04 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,986 Industrial Products companies, NARI Technology Co ranks better than 86.14% on this metric.
The historical rank and industry rank for NARI Technology Co's Days Payable or its related term are showing as below:
SHSE:600406'
s Days Payable Range Over the Past 10 Years
Min: 168.07 Med: 246.54 Max: 290.26
Current: 198.92
During the past 13 years, NARI Technology Co's highest Days Payable was 290.26. The lowest was 168.07. And the median was 246.54.
SHSE:600406's Days Payable is ranked better than 86.14% of 2986
companies
in the Industrial Products industry
Industry Median: 77.81
vs SHSE:600406: 198.92
NARI Technology Co's Days Payable
declined
from Mar. 2025 (371.54) to Mar. 2026 (356.82).
It may suggest that NARI Technology Coaccelerated paying its suppliers.
NARI Technology Co Days Payable Related Terms
NARI Technology Co Days Payable Historical Data
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The historical data trend for NARI Technology 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:600406 vs GEV, ETN, PH: Days Payable Comparison
For the Specialty Industrial Machinery subindustry, NARI Technology 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.
NARI Technology Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NARI Technology Co's Days Payable distribution charts can be found below:
* The bar in red indicates where NARI Technology 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.
NARI Technology 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.
NARI Technology Co (SHSE:600406) has a Days Payable of 356.82 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 NARI Technology Co and its competitors. This is 45% above median its historical median of 246.54. Over the past decade, NARI Technology Co's Days Payable has ranged from 168.07 to 290.26. According to the industry distribution chart, NARI Technology Co ranks #414 out of 2986 companies in the Industrial Products industry, placing it in the top 13.9%.
Is NARI Technology Co's Days Payable too high?
NARI Technology Co's current Days Payable of 356.82 is 45% above median its 10-year median of 246.54. Over the past 10 years, this metric has ranged from a low of 168.07 to a high of 290.26. The Industrial Products industry median Days Payable is 77.81. NARI Technology Co's value of 356.82 is 358.6% above this industry median. Based on the distribution chart, NARI Technology Co ranks #414 out of 2986 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NARI Technology Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NARI Technology Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, NARI Technology Co ranks #414 out of 2986 companies for Days Payable. This places NARI Technology Co in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 77.81. NARI Technology Co's value of 356.82 is 358.6% above this benchmark. Historically, NARI Technology Co's own Days Payable has ranged from 168.07 to 290.26 over the past decade. While the company's 10-year median is 246.54 vs. the industry median of 77.81, NARI Technology 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 77.81, based on 2,986 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. NARI Technology Co's current Days Payable of 356.82 is 358.6% 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 NARI Technology Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NARI Technology Co's current Days Payable is 356.82, which is 45% above median its own 10-year median of 246.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NARI Technology Co stock overvalued right now?
Based on GuruFocus' analysis, NARI Technology Co (SHSE:600406) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥30.04, compared to a current price of ¥22.04 — trading 26.6% below its estimated fair value. The current Days Payable is 356.82, which is 45% above median its 10-year median of 246.54 and 358.6% above the Industrial Products industry median of 77.81. NARI Technology Co's overall GF Score™ is 92/100 with 1 warning sign 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 NARI Technology Co (SHSE:600406), the current Days Payable is 356.82 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 NARI Technology Co (SHSE:600406) Overvalued in 2026?
Based on GuruFocus' analysis, NARI Technology Co stock appears to be undervalued.
The current stock price of ¥22.04 is trading 26.6% below its estimated GF Value™ of ¥30.04.
GuruFocus considers NARI Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:600406:
Days Payable: 356.82 (45% above median its 10-year median of 246.54)
GF Value™: ¥30.04 vs. price of ¥22.04 (26.6% below fair value)
Industry Position: 358.6% above the Industrial Products median (#414 of 2986)
No single metric tells the full story. See the SHSE:600406 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection.
92GF Score
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