Cinderson Tech (Suzhou) Co (SHSE:603344) Days Payable: 137.79 (As of Mar. 2026) — 40% 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:603344 Cinderson Tech (Suzhou) Co Ltd SHSE:603344
17 GF Score
Price ¥21.16
! 2 Warning Signs
View Full Analysis

What is Cinderson Tech (Suzhou) Co Days Payable?

Cinderson Tech (Suzhou) Co SHSE:603344 -6.54% 17 Days Payable is 137.79 as of Mar. 2026, which is 40% above its 10-year median of 98.57. GuruFocus rates SHSE:603344 with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 2,991 Industrial Products companies, Cinderson Tech (Suzhou) Co ranks better than 65.63% on this metric.

Cinderson Tech (Suzhou) Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥764 Mil. Cinderson Tech (Suzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥506 Mil. Hence, Cinderson Tech (Suzhou) Co's Days Payable for the three months ended in Mar. 2026 was 137.79.

The historical rank and industry rank for Cinderson Tech (Suzhou) Co's Days Payable or its related term are showing as below:

SHSE:603344' s Days Payable Range Over the Past 10 Years
Min: 87.51   Med: 98.57   Max: 123.09
Current: 112.64

During the past 7 years, Cinderson Tech (Suzhou) Co's highest Days Payable was 123.09. The lowest was 87.51. And the median was 98.57.

SHSE:603344's Days Payable is ranked better than
65.63% of 2991 companies
in the Industrial Products industry
Industry Median: 78.05 vs SHSE:603344: 112.64

Cinderson Tech (Suzhou) Co's Days Payable increased from Mar. 2025 (111.49) to Mar. 2026 (137.79). It may suggest that Cinderson Tech (Suzhou) Co delayed paying its suppliers.


Cinderson Tech (Suzhou) Co Days Payable Historical Data

* Premium members only.

The historical data trend for Cinderson Tech (Suzhou) 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.

Cinderson Tech (Suzhou) Co Days Payable Chart

Cinderson Tech (Suzhou) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 98.57 96.18 87.51 93.59 110.62

Cinderson Tech (Suzhou) Co Quarterly Data
Dec19 Dec20 Dec21 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 111.49 99.22 105.40 112.21 137.79

SHSE:603344 vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Cinderson Tech (Suzhou) 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.


Cinderson Tech (Suzhou) Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cinderson Tech (Suzhou) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cinderson Tech (Suzhou) Co's Days Payable falls into.


SHSE:603344
17GF Score
Cinderson Tech (Suzhou) Co Ltd SHSE:603344
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cinderson Tech (Suzhou) 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.

Cinderson Tech (Suzhou) 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
=( (570.652 + 737.43) / 2 ) / 2158.051*365
=654.041 / 2158.051*365
=110.62

Cinderson Tech (Suzhou) 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
=( (737.43 + 791.467) / 2 ) / 506.265*365 / 4
=764.4485 / 506.265*365 / 4
=137.79

* 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 137.79 mean?
Cinderson Tech (Suzhou) Co (SHSE:603344) has a Days Payable of 137.79 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 Cinderson Tech (Suzhou) Co and its competitors. This is 40% above median its historical median of 98.57. Over the past decade, Cinderson Tech (Suzhou) Co's Days Payable has ranged from 87.51 to 123.09. According to the industry distribution chart, Cinderson Tech (Suzhou) Co ranks #1028 out of 2991 companies in the Industrial Products industry, placing it in the top 34.4%.
Is Cinderson Tech (Suzhou) Co's Days Payable too high?
Cinderson Tech (Suzhou) Co's current Days Payable of 137.79 is 40% above median its 10-year median of 98.57. Over the past 10 years, this metric has ranged from a low of 87.51 to a high of 123.09. The Industrial Products industry median Days Payable is 78.05. Cinderson Tech (Suzhou) Co's value of 137.79 is 76.5% above this industry median. Based on the distribution chart, Cinderson Tech (Suzhou) Co ranks #1028 out of 2991 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Cinderson Tech (Suzhou) Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Cinderson Tech (Suzhou) Co's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Cinderson Tech (Suzhou) Co ranks #1028 out of 2991 companies for Days Payable. This puts Cinderson Tech (Suzhou) Co in the upper half of its industry. The industry median Days Payable is 78.05. Cinderson Tech (Suzhou) Co's value of 137.79 is 76.5% above this benchmark. Historically, Cinderson Tech (Suzhou) Co's own Days Payable has ranged from 87.51 to 123.09 over the past decade. While the company's 10-year median is 98.57 vs. the industry median of 78.05, Cinderson Tech (Suzhou) 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 78.05, based on 2,991 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. Cinderson Tech (Suzhou) Co's current Days Payable of 137.79 is 76.5% 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 Cinderson Tech (Suzhou) Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cinderson Tech (Suzhou) Co's current Days Payable is 137.79, which is 40% above median its own 10-year median of 98.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cinderson Tech (Suzhou) Co stock overvalued right now?
Cinderson Tech (Suzhou) Co (SHSE:603344) has a current Days Payable of 137.79. The current Days Payable is 137.79, which is 40% above median its 10-year median of 98.57 and 76.5% above the Industrial Products industry median of 78.05. Cinderson Tech (Suzhou) Co's overall GF Score™ is 17/100 with 2 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 Cinderson Tech (Suzhou) Co (SHSE:603344), the current Days Payable is 137.79 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.

Cinderson Tech (Suzhou) Co Business Description

Address Linbu Street, Weiting Street, No. 15, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215100
Cinderson Tech (Suzhou) Co Ltd is engaged in research and development, production and sales of micro motors and related products. Its products are mainly used in the field of cleaning electrical appliances represented by vacuum cleaners, and have been simultaneously developed to other terminal application fields such as power tools and garden tools. Its product category includes DC brushless motor, Ac series motor and Dc brush motor.
17GF Score

Get the complete analysis for SHSE:603344

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

¥21.16
Price