Shenzhen Kingdom Sci-tech Co (SHSE:600446) Days Payable: 76.10 (As of Mar. 2026) — 34% Above Median

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SHSE:600446 Shenzhen Kingdom Sci-tech Co Ltd SHSE:600446
52 GF Score
Price ¥9.88
GF Value ¥6.06
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Shenzhen Kingdom Sci-tech Co Days Payable?

Shenzhen Kingdom Sci-tech Co SHSE:600446 +1.33% 52 Days Payable is 76.10 as of Mar. 2026, which is 34% above its 10-year median of 56.87. GuruFocus rates SHSE:600446 with a GF Score™ of 52/100 and a GF Value™ of ¥6.06 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,605 Software companies, Shenzhen Kingdom Sci-tech Co ranks better than 59.88% on this metric.

Shenzhen Kingdom Sci-tech Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥252 Mil. Shenzhen Kingdom Sci-tech Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥302 Mil. Hence, Shenzhen Kingdom Sci-tech Co's Days Payable for the three months ended in Mar. 2026 was 76.10.

The historical rank and industry rank for Shenzhen Kingdom Sci-tech Co's Days Payable or its related term are showing as below:

SHSE:600446' s Days Payable Range Over the Past 10 Years
Min: 44.76   Med: 56.87   Max: 92.47
Current: 73.71

During the past 13 years, Shenzhen Kingdom Sci-tech Co's highest Days Payable was 92.47. The lowest was 44.76. And the median was 56.87.

SHSE:600446's Days Payable is ranked better than
59.88% of 2605 companies
in the Software industry
Industry Median: 52.79 vs SHSE:600446: 73.71

Shenzhen Kingdom Sci-tech Co's Days Payable declined from Mar. 2025 (117.01) to Mar. 2026 (76.10). It may suggest that Shenzhen Kingdom Sci-tech Co accelerated paying its suppliers.


Shenzhen Kingdom Sci-tech Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shenzhen Kingdom Sci-tech 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.

Shenzhen Kingdom Sci-tech Co Days Payable Chart

Shenzhen Kingdom Sci-tech 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 44.76 49.04 50.21 53.74 92.47

Shenzhen Kingdom Sci-tech 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 117.01 75.33 66.54 68.70 76.10

SHSE:600446 vs UBER, SHOP, CRM: Days Payable Comparison

For the Software - Application subindustry, Shenzhen Kingdom Sci-tech 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.


Shenzhen Kingdom Sci-tech Co Days Payable vs Software Industry

For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Kingdom Sci-tech Co's Days Payable falls into.


SHSE:600446
52GF Score
Shenzhen Kingdom Sci-tech Co Ltd SHSE:600446
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Kingdom Sci-tech 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.

Shenzhen Kingdom Sci-tech 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
=( (484.02 + 260.485) / 2 ) / 1469.309*365
=372.2525 / 1469.309*365
=92.47

Shenzhen Kingdom Sci-tech 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
=( (260.485 + 243.552) / 2 ) / 302.173*365 / 4
=252.0185 / 302.173*365 / 4
=76.10

* 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 76.10 mean?
Shenzhen Kingdom Sci-tech Co (SHSE:600446) has a Days Payable of 76.10 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 Shenzhen Kingdom Sci-tech Co and its competitors. This is 34% above median its historical median of 56.87. Over the past decade, Shenzhen Kingdom Sci-tech Co's Days Payable has ranged from 44.76 to 92.47. According to the industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1045 out of 2605 companies in the Software industry, placing it in the top 40.1%.
Is Shenzhen Kingdom Sci-tech Co's Days Payable too high?
Shenzhen Kingdom Sci-tech Co's current Days Payable of 76.10 is 34% above median its 10-year median of 56.87. Over the past 10 years, this metric has ranged from a low of 44.76 to a high of 92.47. The Software industry median Days Payable is 52.79. Shenzhen Kingdom Sci-tech Co's value of 76.10 is 44.2% above this industry median. Based on the distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1045 out of 2605 companies in the Software industry, which is above the industry midpoint. Overall, Shenzhen Kingdom Sci-tech Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kingdom Sci-tech Co's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1045 out of 2605 companies for Days Payable. This puts Shenzhen Kingdom Sci-tech Co in the upper half of its industry. The industry median Days Payable is 52.79. Shenzhen Kingdom Sci-tech Co's value of 76.10 is 44.2% above this benchmark. Historically, Shenzhen Kingdom Sci-tech Co's own Days Payable has ranged from 44.76 to 92.47 over the past decade. While the company's 10-year median is 56.87 vs. the industry median of 52.79, Shenzhen Kingdom Sci-tech 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 Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 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. Shenzhen Kingdom Sci-tech Co's current Days Payable of 76.10 is 44.2% 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 Shenzhen Kingdom Sci-tech Co and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Kingdom Sci-tech Co's current Days Payable is 76.10, which is 34% above median its own 10-year median of 56.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kingdom Sci-tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co (SHSE:600446) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.06, compared to a current price of ¥9.88 — trading 63% above its estimated fair value. The current Days Payable is 76.10, which is 34% above median its 10-year median of 56.87 and 44.2% above the Software industry median of 52.79. Shenzhen Kingdom Sci-tech Co's overall GF Score™ is 52/100 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446), the current Days Payable is 76.10 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co stock appears to be overvalued. The current stock price of ¥9.88 is trading 63% above its estimated GF Value™ of ¥6.06. GuruFocus considers Shenzhen Kingdom Sci-tech Co to be Significantly Overvalued.

Key valuation signals for SHSE:600446:

  • Days Payable: 76.10 (34% above median its 10-year median of 56.87)
  • GF Value™: ¥6.06 vs. price of ¥9.88 (63% above fair value)
  • GF Score™: 52/100 with 1 warning sign
  • Industry Position: 44.2% above the Software median (#1045 of 2605)

No single metric tells the full story. See the SHSE:600446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Kingdom Sci-tech Co Business Description

Address the 9th high-South Road, Shenzhen Science and Technology Parks, Nanshan District, Shenzhen, CHN, 518026
Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.
52GF Score

Get the complete analysis for SHSE:600446

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

¥9.88
Price
¥6.06
GF Value