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Koal Software CoSHSE:603232 -5.23%73 Days Payable is 187.61 as of Mar. 2026, which is 98% above its 10-year median of 94.92. GuruFocus rates SHSE:603232 with a GF Score™ of 73/100 and a GF Value™ of ¥10.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,608 Software companies, Koal Software Co ranks better than 75.69% on this metric.
The historical rank and industry rank for Koal Software Co's Days Payable or its related term are showing as below:
SHSE:603232'
s Days Payable Range Over the Past 10 Years
Min: 35.15 Med: 94.92 Max: 136.35
Current: 132.21
During the past 13 years, Koal Software Co's highest Days Payable was 136.35. The lowest was 35.15. And the median was 94.92.
SHSE:603232's Days Payable is ranked better than 75.69% of 2608
companies
in the Software industry
Industry Median: 52.785
vs SHSE:603232: 132.21
Koal Software Co's Days Payable
declined
from Mar. 2025 (209.97) to Mar. 2026 (187.61).
It may suggest that Koal Software Coaccelerated paying its suppliers.
Koal Software Co Days Payable Related Terms
Koal Software Co Days Payable Historical Data
* Premium members only.
The historical data trend for Koal Software 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:603232 vs MSFT, ORCL, PLTR: Days Payable Comparison
For the Software - Infrastructure subindustry, Koal Software 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.
Koal Software Co Days Payable vs Software Industry
For the Software industry and Technology sector, Koal Software Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Koal Software 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.
Koal Software 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.
Koal Software Co (SHSE:603232) has a Days Payable of 187.61 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 Koal Software Co and its competitors. This is 98% above median its historical median of 94.92. Over the past decade, Koal Software Co's Days Payable has ranged from 35.15 to 136.35. According to the industry distribution chart, Koal Software Co ranks #634 out of 2608 companies in the Software industry, placing it in the top 24.3%.
Is Koal Software Co's Days Payable too high?
Koal Software Co's current Days Payable of 187.61 is 98% above median its 10-year median of 94.92. Over the past 10 years, this metric has ranged from a low of 35.15 to a high of 136.35. The Software industry median Days Payable is 52.79. Koal Software Co's value of 187.61 is 255.4% above this industry median. Based on the distribution chart, Koal Software Co ranks #634 out of 2608 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Koal Software Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koal Software Co's Days Payable compare to MSFT and ORCL?
According to the Software industry distribution chart, Koal Software Co ranks #634 out of 2608 companies for Days Payable. This places Koal Software Co in the top 24% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.79. Koal Software Co's value of 187.61 is 255.4% above this benchmark. Historically, Koal Software Co's own Days Payable has ranged from 35.15 to 136.35 over the past decade. While the company's 10-year median is 94.92 vs. the industry median of 52.79, Koal Software 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 2,608 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. Koal Software Co's current Days Payable of 187.61 is 255.4% 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 Koal Software 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. Koal Software Co's current Days Payable is 187.61, which is 98% above median its own 10-year median of 94.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koal Software Co stock overvalued right now?
Based on GuruFocus' analysis, Koal Software Co (SHSE:603232) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.48, compared to a current price of ¥13.23 — trading 26.2% above its estimated fair value. The current Days Payable is 187.61, which is 98% above median its 10-year median of 94.92 and 255.4% above the Software industry median of 52.79. Koal Software Co's overall GF Score™ is 73/100 with 3 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 Koal Software Co (SHSE:603232), the current Days Payable is 187.61 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 Koal Software Co (SHSE:603232) Overvalued in 2026?
Based on GuruFocus' analysis, Koal Software Co stock appears to be overvalued.
The current stock price of ¥13.23 is trading 26.2% above its estimated GF Value™ of ¥10.48.
GuruFocus considers Koal Software Co to be Modestly Overvalued.
Key valuation signals for SHSE:603232:
Days Payable: 187.61 (98% above median its 10-year median of 94.92)
GF Value™: ¥10.48 vs. price of ¥13.23 (26.2% above fair value)
Industry Position: 255.4% above the Software median (#634 of 2608)
No single metric tells the full story. See the SHSE:603232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.
73GF Score
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