Sansec Technology CoSHSE:688489 -0.88%74 Days Payable is 423.38 as of Mar. 2026, which is 284% above its 10-year median of 110.31. GuruFocus rates SHSE:688489 with a GF Score™ of 74/100 and a GF Value™ of ¥51.19 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,598 Software companies, Sansec Technology Co ranks better than 77.87% on this metric.
The historical rank and industry rank for Sansec Technology Co's Days Payable or its related term are showing as below:
SHSE:688489'
s Days Payable Range Over the Past 10 Years
Min: 94.16 Med: 110.31 Max: 161.45
Current: 145.32
During the past 8 years, Sansec Technology Co's highest Days Payable was 161.45. The lowest was 94.16. And the median was 110.31.
SHSE:688489's Days Payable is ranked better than 77.87% of 2598
companies
in the Software industry
Industry Median: 53.595
vs SHSE:688489: 145.32
Sansec Technology Co's Days Payable
increased
from Mar. 2025 (270.72) to Mar. 2026 (423.38).
It may suggest that Sansec Technology Codelayed paying its suppliers.
Sansec Technology Co Days Payable Related Terms
Sansec Technology Co Days Payable Historical Data
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The historical data trend for Sansec Technology 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:688489 vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, Sansec Technology 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.
Sansec Technology Co Days Payable vs Software Industry
For the Software industry and Technology sector, Sansec Technology Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Sansec Technology 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.
Sansec Technology 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.
Sansec Technology Co (SHSE:688489) has a Days Payable of 423.38 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 Sansec Technology Co and its competitors. This is 284% above median its historical median of 110.31. Over the past decade, Sansec Technology Co's Days Payable has ranged from 94.16 to 161.45. According to the industry distribution chart, Sansec Technology Co ranks #575 out of 2598 companies in the Software industry, placing it in the top 22.1%.
Is Sansec Technology Co's Days Payable too high?
Sansec Technology Co's current Days Payable of 423.38 is 284% above median its 10-year median of 110.31. Over the past 10 years, this metric has ranged from a low of 94.16 to a high of 161.45. The Software industry median Days Payable is 53.60. Sansec Technology Co's value of 423.38 is 690% above this industry median. Based on the distribution chart, Sansec Technology Co ranks #575 out of 2598 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Sansec Technology Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sansec Technology Co's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Sansec Technology Co ranks #575 out of 2598 companies for Days Payable. This places Sansec Technology Co in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.60. Sansec Technology Co's value of 423.38 is 690% above this benchmark. Historically, Sansec Technology Co's own Days Payable has ranged from 94.16 to 161.45 over the past decade. While the company's 10-year median is 110.31 vs. the industry median of 53.60, Sansec Technology 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 53.60, based on 2,598 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. Sansec Technology Co's current Days Payable of 423.38 is 690% 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 Sansec Technology Co and its competitors. For the Software industry, the median Days Payable is 53.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sansec Technology Co's current Days Payable is 423.38, which is 284% above median its own 10-year median of 110.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sansec Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Sansec Technology Co (SHSE:688489) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥51.19, compared to a current price of ¥23.64 — trading 53.8% below its estimated fair value. The current Days Payable is 423.38, which is 284% above median its 10-year median of 110.31 and 690% above the Software industry median of 53.60. Sansec Technology Co's overall GF Score™ is 74/100 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 Sansec Technology Co (SHSE:688489), the current Days Payable is 423.38 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 Sansec Technology Co (SHSE:688489) Overvalued in 2026?
Based on GuruFocus' analysis, Sansec Technology Co stock appears to be undervalued.
The current stock price of ¥23.64 is trading 53.8% below its estimated GF Value™ of ¥51.19.
GuruFocus considers Sansec Technology Co to be Significantly Undervalued.
Key valuation signals for SHSE:688489:
Days Payable: 423.38 (284% above median its 10-year median of 110.31)
GF Value™: ¥51.19 vs. price of ¥23.64 (53.8% below fair value)
Industry Position: 690% above the Software median (#575 of 2598)
No single metric tells the full story. See the SHSE:688489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sansec Technology Co Ltd is engaged in innovation of cryptographic technology and R&D, sales and service of cryptographic products and provides cryptographic products and solutions for the internet information security. The company's products portfolio includes PCIe HSM, Cloud HSM, General purpose HSM, Financial HSM, and Cryptographic Software System. HSMs provide the integrated cryptographic functions for different application scenarios, including financial HSMs, general purpose HSMs, cloud HSMs, KMS and other HSMs. Cryptographic systems include key management system, cryptographic service platform, identity authentication system, cryptographic middleware, etc.
74GF Score
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