Duolun Technology (SHSE:603528) Days Payable: 232.95 (As of Mar. 2026) — 30% Above Median

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SHSE:603528 Duolun Technology Corp Ltd SHSE:603528
57 GF Score
Price ¥5.83
GF Value ¥7.52
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Duolun Technology Days Payable?

Duolun Technology SHSE:603528 +7.37% 57 Days Payable is 232.95 as of Mar. 2026, which is 30% above its 10-year median of 179.07. GuruFocus rates SHSE:603528 with a GF Score™ of 57/100 and a GF Value™ of ¥7.52 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,611 Software companies, Duolun Technology ranks better than 82.54% on this metric.

Duolun Technology's average Accounts Payable for the three months ended in Mar. 2026 was ¥141.2 Mil. Duolun Technology's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥55.3 Mil. Hence, Duolun Technology's Days Payable for the three months ended in Mar. 2026 was 232.95.

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

SHSE:603528' s Days Payable Range Over the Past 10 Years
Min: 135.23   Med: 179.07   Max: 264.96
Current: 193.36

During the past 13 years, Duolun Technology's highest Days Payable was 264.96. The lowest was 135.23. And the median was 179.07.

SHSE:603528's Days Payable is ranked better than
82.54% of 2611 companies
in the Software industry
Industry Median: 52.78 vs SHSE:603528: 193.36

Duolun Technology's Days Payable increased from Mar. 2025 (228.89) to Mar. 2026 (232.95). It may suggest that Duolun Technology delayed paying its suppliers.


Duolun Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Duolun Technology'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.

Duolun Technology Days Payable Chart

Duolun Technology 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 149.74 179.21 189.24 178.92 197.03

Duolun Technology 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 228.89 211.08 165.15 174.08 232.95

SHSE:603528 vs QH, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Duolun Technology'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.


Duolun Technology Days Payable vs Software Industry

For the Software industry and Technology sector, Duolun Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Duolun Technology's Days Payable falls into.


SHSE:603528
57GF Score
Duolun Technology Corp Ltd SHSE:603528
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Duolun Technology 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.

Duolun Technology'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
=( (153.289 + 142.943) / 2 ) / 274.392*365
=148.116 / 274.392*365
=197.03

Duolun Technology'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
=( (142.943 + 139.513) / 2 ) / 55.322*365 / 4
=141.228 / 55.322*365 / 4
=232.95

* 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 232.95 mean?
Duolun Technology (SHSE:603528) has a Days Payable of 232.95 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 Duolun Technology and its competitors. This is 30% above median its historical median of 179.07. Over the past decade, Duolun Technology's Days Payable has ranged from 135.23 to 264.96. According to the industry distribution chart, Duolun Technology ranks #456 out of 2611 companies in the Software industry, placing it in the top 17.5%.
Is Duolun Technology's Days Payable too high?
Duolun Technology's current Days Payable of 232.95 is 30% above median its 10-year median of 179.07. Over the past 10 years, this metric has ranged from a low of 135.23 to a high of 264.96. The Software industry median Days Payable is 52.78. Duolun Technology's value of 232.95 is 341.4% above this industry median. Based on the distribution chart, Duolun Technology ranks #456 out of 2611 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Duolun Technology has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Duolun Technology's Days Payable compare to QH and SHOP?
According to the Software industry distribution chart, Duolun Technology ranks #456 out of 2611 companies for Days Payable. This places Duolun Technology in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.78. Duolun Technology's value of 232.95 is 341.4% above this benchmark. Historically, Duolun Technology's own Days Payable has ranged from 135.23 to 264.96 over the past decade. While the company's 10-year median is 179.07 vs. the industry median of 52.78, Duolun Technology 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 52.78, based on 2,611 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. Duolun Technology's current Days Payable of 232.95 is 341.4% 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 Duolun Technology and its competitors. For the Software industry, the median Days Payable is 52.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Duolun Technology's current Days Payable is 232.95, which is 30% above median its own 10-year median of 179.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duolun Technology stock overvalued right now?
Based on GuruFocus' analysis, Duolun Technology (SHSE:603528) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.52, compared to a current price of ¥5.83 — trading 22.5% below its estimated fair value. The current Days Payable is 232.95, which is 30% above median its 10-year median of 179.07 and 341.4% above the Software industry median of 52.78. Duolun Technology's overall GF Score™ is 57/100 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 Duolun Technology (SHSE:603528), the current Days Payable is 232.95 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 Duolun Technology (SHSE:603528) Overvalued in 2026?

Based on GuruFocus' analysis, Duolun Technology stock appears to be undervalued. The current stock price of ¥5.83 is trading 22.5% below its estimated GF Value™ of ¥7.52. GuruFocus considers Duolun Technology to be Modestly Undervalued.

Key valuation signals for SHSE:603528:

  • Days Payable: 232.95 (30% above median its 10-year median of 179.07)
  • GF Value™: ¥7.52 vs. price of ¥5.83 (22.5% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 341.4% above the Software median (#456 of 2611)

No single metric tells the full story. See the SHSE:603528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Duolun Technology Business Description

Address 1555 Tianyin Avenue, Jiangning District, Nanjing, CHN, 211112
Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems.
57GF Score

Get the complete analysis for SHSE:603528

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

¥5.83
Price
¥7.52
GF Value