Quick Intelligent Equipment Co (SHSE:603203) Days Payable: 203.15 (As of Mar. 2026) — 32% Above 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:603203 Quick Intelligent Equipment Co Ltd SHSE:603203
74 GF Score
Price ¥40.35
GF Value ¥26.76
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Quick Intelligent Equipment Co Days Payable?

Quick Intelligent Equipment Co SHSE:603203 -2.47% 74 Days Payable is 203.15 as of Mar. 2026, which is 32% above its 10-year median of 154.13. GuruFocus rates SHSE:603203 with a GF Score™ of 74/100 and a GF Value™ of ¥26.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,994 Industrial Products companies, Quick Intelligent Equipment Co ranks better than 88.61% on this metric.

Quick Intelligent Equipment Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥373 Mil. Quick Intelligent Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥167 Mil. Hence, Quick Intelligent Equipment Co's Days Payable for the three months ended in Mar. 2026 was 203.15.

The historical rank and industry rank for Quick Intelligent Equipment Co's Days Payable or its related term are showing as below:

SHSE:603203' s Days Payable Range Over the Past 10 Years
Min: 65.92   Med: 154.13   Max: 240.07
Current: 222.35

During the past 13 years, Quick Intelligent Equipment Co's highest Days Payable was 240.07. The lowest was 65.92. And the median was 154.13.

SHSE:603203's Days Payable is ranked better than
88.61% of 2994 companies
in the Industrial Products industry
Industry Median: 78.005 vs SHSE:603203: 222.35

Quick Intelligent Equipment Co's Days Payable declined from Mar. 2025 (272.23) to Mar. 2026 (203.15). It may suggest that Quick Intelligent Equipment Co accelerated paying its suppliers.


Quick Intelligent Equipment Co Days Payable Historical Data

* Premium members only.

The historical data trend for Quick Intelligent Equipment 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.

Quick Intelligent Equipment Co Days Payable Chart

Quick Intelligent Equipment 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 153.50 171.94 185.90 216.71 240.07

Quick Intelligent Equipment 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 272.23 274.52 206.44 213.28 203.15

SHSE:603203 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Quick Intelligent Equipment 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.


Quick Intelligent Equipment Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quick Intelligent Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Quick Intelligent Equipment Co's Days Payable falls into.


SHSE:603203
74GF Score
Quick Intelligent Equipment Co Ltd SHSE:603203
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quick Intelligent Equipment 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.

Quick Intelligent Equipment 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
=( (379.867 + 363.919) / 2 ) / 565.411*365
=371.893 / 565.411*365
=240.07

Quick Intelligent Equipment 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
=( (363.919 + 381.172) / 2 ) / 167.342*365 / 4
=372.5455 / 167.342*365 / 4
=203.15

* 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 203.15 mean?
Quick Intelligent Equipment Co (SHSE:603203) has a Days Payable of 203.15 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 Quick Intelligent Equipment Co and its competitors. This is 32% above median its historical median of 154.13. Over the past decade, Quick Intelligent Equipment Co's Days Payable has ranged from 65.92 to 240.07. According to the industry distribution chart, Quick Intelligent Equipment Co ranks #341 out of 2994 companies in the Industrial Products industry, placing it in the top 11.4%.
Is Quick Intelligent Equipment Co's Days Payable too high?
Quick Intelligent Equipment Co's current Days Payable of 203.15 is 32% above median its 10-year median of 154.13. Over the past 10 years, this metric has ranged from a low of 65.92 to a high of 240.07. The Industrial Products industry median Days Payable is 78.01. Quick Intelligent Equipment Co's value of 203.15 is 160.4% above this industry median. Based on the distribution chart, Quick Intelligent Equipment Co ranks #341 out of 2994 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Quick Intelligent Equipment Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quick Intelligent Equipment Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Quick Intelligent Equipment Co ranks #341 out of 2994 companies for Days Payable. This places Quick Intelligent Equipment Co in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.01. Quick Intelligent Equipment Co's value of 203.15 is 160.4% above this benchmark. Historically, Quick Intelligent Equipment Co's own Days Payable has ranged from 65.92 to 240.07 over the past decade. While the company's 10-year median is 154.13 vs. the industry median of 78.01, Quick Intelligent Equipment 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 78.01, based on 2,994 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. Quick Intelligent Equipment Co's current Days Payable of 203.15 is 160.4% 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 Quick Intelligent Equipment Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quick Intelligent Equipment Co's current Days Payable is 203.15, which is 32% above median its own 10-year median of 154.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quick Intelligent Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Quick Intelligent Equipment Co (SHSE:603203) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥26.76, compared to a current price of ¥40.35 — trading 50.8% above its estimated fair value. The current Days Payable is 203.15, which is 32% above median its 10-year median of 154.13 and 160.4% above the Industrial Products industry median of 78.01. Quick Intelligent Equipment Co's overall GF Score™ is 74/100 with 5 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 Quick Intelligent Equipment Co (SHSE:603203), the current Days Payable is 203.15 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 Quick Intelligent Equipment Co (SHSE:603203) Overvalued in 2026?

Based on GuruFocus' analysis, Quick Intelligent Equipment Co stock appears to be overvalued. The current stock price of ¥40.35 is trading 50.8% above its estimated GF Value™ of ¥26.76. GuruFocus considers Quick Intelligent Equipment Co to be Significantly Overvalued.

Key valuation signals for SHSE:603203:

  • Days Payable: 203.15 (32% above median its 10-year median of 154.13)
  • GF Value™: ¥26.76 vs. price of ¥40.35 (50.8% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 160.4% above the Industrial Products median (#341 of 2994)

No single metric tells the full story. See the SHSE:603203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quick Intelligent Equipment Co Business Description

Address No. 11, Fengxiang Road, South District, Wujin High-tech Zone, Jiangsu Province, Changzhou, CHN, 213164
Quick Intelligent Equipment Co Ltd is an industrial machinery manufacturing company. It has two major product lines: intelligent equipment which includes soldering iron welding robot, laser welding robot, automatic welding equipment, automatic screw locking equipment and intelligent soldering station; and system integration product line include automatic welding, automatic dispensing, automatic assembly testing, AOI visual inspection, handling transfer and MES integrated application. It is widely serving 3C electronics, automotive electronics, medical electronics, smart home, new energy lithium industry customers.
74GF Score

Get the complete analysis for SHSE:603203

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

¥40.35
Price
¥26.76
GF Value