Square Technology Group Co (SHSE:603339) Days Payable: 31.15 (As of Mar. 2026) — 26% Above Median

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SHSE:603339 Square Technology Group Co Ltd SHSE:603339
75 GF Score
Price ¥11.46
GF Value ¥9.99
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Square Technology Group Co Days Payable?

Square Technology Group Co SHSE:603339 +4.18% 75 Days Payable is 31.15 as of Mar. 2026, which is 26% above its 10-year median of 24.67. GuruFocus rates SHSE:603339 with a GF Score™ of 75/100 and a GF Value™ of ¥9.99 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,994 Industrial Products companies, Square Technology Group Co ranks worse than 85.77% on this metric.

Square Technology Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥120 Mil. Square Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥352 Mil. Hence, Square Technology Group Co's Days Payable for the three months ended in Mar. 2026 was 31.15.

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

SHSE:603339' s Days Payable Range Over the Past 10 Years
Min: 19.46   Med: 24.67   Max: 35.04
Current: 32.14

During the past 13 years, Square Technology Group Co's highest Days Payable was 35.04. The lowest was 19.46. And the median was 24.67.

SHSE:603339's Days Payable is ranked worse than
85.77% of 2994 companies
in the Industrial Products industry
Industry Median: 78.005 vs SHSE:603339: 32.14

Square Technology Group Co's Days Payable increased from Mar. 2025 (23.73) to Mar. 2026 (31.15). It may suggest that Square Technology Group Co delayed paying its suppliers.


Square Technology Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for Square Technology 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.

Square Technology Group Co Days Payable Chart

Square Technology 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 28.05 22.94 19.79 25.91 31.74

Square Technology 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 23.73 31.22 36.11 32.15 31.15

SHSE:603339 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Square Technology 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.


Square Technology Group Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Square Technology Group Co's Days Payable distribution charts can be found below:

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


SHSE:603339
75GF Score
Square Technology Group Co Ltd SHSE:603339
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Square Technology 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.

Square Technology 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
=( (108.896 + 122.401) / 2 ) / 1330.06*365
=115.6485 / 1330.06*365
=31.74

Square Technology 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
=( (122.401 + 117.72) / 2 ) / 351.683*365 / 4
=120.0605 / 351.683*365 / 4
=31.15

* 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 31.15 mean?
Square Technology Group Co (SHSE:603339) has a Days Payable of 31.15 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 Square Technology Group Co and its competitors. This is 26% above median its historical median of 24.67. Over the past decade, Square Technology Group Co's Days Payable has ranged from 19.46 to 35.04. According to the industry distribution chart, Square Technology Group Co ranks #2568 out of 2994 companies in the Industrial Products industry, placing it in the top 85.8%.
Is Square Technology Group Co's Days Payable too high?
Square Technology Group Co's current Days Payable of 31.15 is 26% above median its 10-year median of 24.67. Over the past 10 years, this metric has ranged from a low of 19.46 to a high of 35.04. The Industrial Products industry median Days Payable is 78.01. Square Technology Group Co's value of 31.15 is 60.1% below this industry median. Based on the distribution chart, Square Technology Group Co ranks #2568 out of 2994 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Square Technology Group Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Square Technology Group Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Square Technology Group Co ranks #2568 out of 2994 companies for Days Payable. This places Square Technology Group Co in the lower half of its industry. The industry median Days Payable is 78.01. Square Technology Group Co's value of 31.15 is 60.1% below this benchmark. Historically, Square Technology Group Co's own Days Payable has ranged from 19.46 to 35.04 over the past decade. While the company's 10-year median is 24.67 vs. the industry median of 78.01, Square Technology 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 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. Square Technology Group Co's current Days Payable of 31.15 is 60.1% 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 Square Technology Group 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. Square Technology Group Co's current Days Payable is 31.15, which is 26% above median its own 10-year median of 24.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Square Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Square Technology Group Co (SHSE:603339) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.99, compared to a current price of ¥11.46 — trading 14.7% above its estimated fair value. The current Days Payable is 31.15, which is 26% above median its 10-year median of 24.67 and 60.1% below the Industrial Products industry median of 78.01. Square Technology Group Co's overall GF Score™ is 75/100 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 Square Technology Group Co (SHSE:603339), the current Days Payable is 31.15 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 Square Technology Group Co (SHSE:603339) Overvalued in 2026?

Based on GuruFocus' analysis, Square Technology Group Co stock appears to be overvalued. The current stock price of ¥11.46 is trading 14.7% above its estimated GF Value™ of ¥9.99. GuruFocus considers Square Technology Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:603339:

  • Days Payable: 31.15 (26% above median its 10-year median of 24.67)
  • GF Value™: ¥9.99 vs. price of ¥11.46 (14.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 60.1% below the Industrial Products median (#2568 of 2994)

No single metric tells the full story. See the SHSE:603339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Square Technology Group Co Business Description

Address No. 1180, Jianghai Avenue, Xingren Town, Tongzhou District, Jiangsu Province, Nantong, CHN, 226371
Square Technology Group Co Ltd engages in the manufacturing of cold chain food deep processing equipment, focusing on high-end intelligent equipment technology fields such as freezing and refrigeration, storage and transportation equipment, industrial heat exchange, and energy-saving panels, forming an industrial scale effect and gaining industrial competitive advantages.
75GF Score

Get the complete analysis for SHSE:603339

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

¥11.46
Price
¥9.99
GF Value