Hangzhou Freely Communication Co (SHSE:603602) Days Payable: 115.70 (As of Mar. 2026) — 42% Below Median

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SHSE:603602 Hangzhou Freely Communication Co Ltd SHSE:603602
64 GF Score
Price ¥11.59
GF Value ¥17.50
Valuation Possible Value Trap
! 5 Warning Signs
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What is Hangzhou Freely Communication Co Days Payable?

Hangzhou Freely Communication Co SHSE:603602 -1.28% 64 Days Payable is 115.70 as of Mar. 2026, which is 42% below its 10-year median of 198.72. GuruFocus rates SHSE:603602 with a GF Score™ of 64/100 and a GF Value™ of ¥17.50 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 341 Telecommunication Services companies, Hangzhou Freely Communication Co ranks worse than 50.15% on this metric.

Hangzhou Freely Communication Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥478 Mil. Hangzhou Freely Communication Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥377 Mil. Hence, Hangzhou Freely Communication Co's Days Payable for the three months ended in Mar. 2026 was 115.70.

The historical rank and industry rank for Hangzhou Freely Communication Co's Days Payable or its related term are showing as below:

SHSE:603602' s Days Payable Range Over the Past 10 Years
Min: 108.11   Med: 198.72   Max: 250.55
Current: 108.11

During the past 13 years, Hangzhou Freely Communication Co's highest Days Payable was 250.55. The lowest was 108.11. And the median was 198.72.

SHSE:603602's Days Payable is ranked worse than
50.15% of 341 companies
in the Telecommunication Services industry
Industry Median: 108.11 vs SHSE:603602: 108.11

Hangzhou Freely Communication Co's Days Payable declined from Mar. 2025 (181.69) to Mar. 2026 (115.70). It may suggest that Hangzhou Freely Communication Co accelerated paying its suppliers.


Hangzhou Freely Communication Co Days Payable Related Terms


Hangzhou Freely Communication Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hangzhou Freely Communication 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.

Hangzhou Freely Communication Co Days Payable Chart

Hangzhou Freely Communication 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 219.80 170.75 144.79 138.25 130.87

Hangzhou Freely Communication 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 181.69 121.22 98.38 103.14 115.70

SHSE:603602 vs VZ, TMUS, T: Days Payable Comparison

For the Telecom Services subindustry, Hangzhou Freely Communication 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.


Hangzhou Freely Communication Co Days Payable vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Freely Communication Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Freely Communication Co's Days Payable falls into.


SHSE:603602
64GF Score
Hangzhou Freely Communication Co Ltd SHSE:603602
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hangzhou Freely Communication 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.

Hangzhou Freely Communication 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
=( (584.937 + 531.461) / 2 ) / 1556.8*365
=558.199 / 1556.8*365
=130.87

Hangzhou Freely Communication 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
=( (531.461 + 424.301) / 2 ) / 376.889*365 / 4
=477.881 / 376.889*365 / 4
=115.70

* 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 115.70 mean?
Hangzhou Freely Communication Co (SHSE:603602) has a Days Payable of 115.70 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 Hangzhou Freely Communication Co and its competitors. This is 42% below median its historical median of 198.72. Over the past decade, Hangzhou Freely Communication Co's Days Payable has ranged from 108.11 to 250.55. According to the industry distribution chart, Hangzhou Freely Communication Co ranks #171 out of 341 companies in the Telecommunication Services industry, placing it in the top 50.1%.
Is Hangzhou Freely Communication Co's Days Payable too high?
Hangzhou Freely Communication Co's current Days Payable of 115.70 is 42% below median its 10-year median of 198.72. Over the past 10 years, this metric has ranged from a low of 108.11 to a high of 250.55. The Telecommunication Services industry median Days Payable is 108.11. Hangzhou Freely Communication Co's value of 115.70 is 7% above this industry median. Based on the distribution chart, Hangzhou Freely Communication Co ranks #171 out of 341 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hangzhou Freely Communication Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Freely Communication Co's Days Payable compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Hangzhou Freely Communication Co ranks #171 out of 341 companies for Days Payable. This places Hangzhou Freely Communication Co in the lower half of its industry. The industry median Days Payable is 108.11. Hangzhou Freely Communication Co's value of 115.70 is 7% above this benchmark. Historically, Hangzhou Freely Communication Co's own Days Payable has ranged from 108.11 to 250.55 over the past decade. While the company's 10-year median is 198.72 vs. the industry median of 108.11, Hangzhou Freely Communication 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 Telecommunication Services company?
The median Days Payable among Telecommunication Services companies is 108.11, based on 341 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. Hangzhou Freely Communication Co's current Days Payable of 115.70 is 7% 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 Hangzhou Freely Communication Co and its competitors. For the Telecommunication Services industry, the median Days Payable is 108.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Freely Communication Co's current Days Payable is 115.70, which is 42% below median its own 10-year median of 198.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Freely Communication Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Freely Communication Co (SHSE:603602) is currently considered Possible Value Trap. The stock's GF Value™ is ¥17.50, compared to a current price of ¥11.59 — trading 33.8% below its estimated fair value. The current Days Payable is 115.70, which is 42% below median its 10-year median of 198.72 and 7% above the Telecommunication Services industry median of 108.11. Hangzhou Freely Communication Co's overall GF Score™ is 64/100 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 Hangzhou Freely Communication Co (SHSE:603602), the current Days Payable is 115.70 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 Hangzhou Freely Communication Co (SHSE:603602) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Freely Communication Co stock appears to be undervalued. The current stock price of ¥11.59 is trading 33.8% below its estimated GF Value™ of ¥17.50. GuruFocus considers Hangzhou Freely Communication Co to be Possible Value Trap.

Key valuation signals for SHSE:603602:

  • Days Payable: 115.70 (42% below median its 10-year median of 198.72)
  • GF Value™: ¥17.50 vs. price of ¥11.59 (33.8% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 7% above the Telecommunication Services median (#171 of 341)

No single metric tells the full story. See the SHSE:603602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Freely Communication Co Business Description

Address No. 190 Xietong Road, Xixing Street, 18th Floor, Building A, Zongheng Communication, Binjiang District, Hangzhou, CHN, 310051
Hangzhou Freely Communication Co Ltd is a communication network technology service provider. It is mainly engaged in communication extension network construction, communication network generation, and communication network optimization. The company's service portfolio consists of base station installation engineering services, indoor distribution system technical services, integrated access technology services, and network generation services.
64GF Score

Get the complete analysis for SHSE:603602

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

¥11.59
Price
¥17.50
GF Value