Shandong Cvicse Middleware Co (SHSE:688695) Days Payable: 1,633.55 (As of Mar. 2026) — 694% Above Median

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SHSE:688695 Shandong Cvicse Middleware Co Ltd SHSE:688695
38 GF Score
Price ¥16.47
! 6 Warning Signs
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What is Shandong Cvicse Middleware Co Days Payable?

Shandong Cvicse Middleware Co SHSE:688695 +3.20% 38 Days Payable is 1,633.55 as of Mar. 2026, which is 694% above its 10-year median of 205.85. GuruFocus rates SHSE:688695 with a GF Score™ of 38/100. The stock has 6 warning signs investors should review. Among 2,611 Software companies, Shandong Cvicse Middleware Co ranks better than 87.09% on this metric.

Shandong Cvicse Middleware Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥13.7 Mil. Shandong Cvicse Middleware Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥0.8 Mil. Hence, Shandong Cvicse Middleware Co's Days Payable for the three months ended in Mar. 2026 was 1,633.55.

The historical rank and industry rank for Shandong Cvicse Middleware Co's Days Payable or its related term are showing as below:

SHSE:688695' s Days Payable Range Over the Past 10 Years
Min: 31.77   Med: 205.85   Max: 507.28
Current: 263.78

During the past 13 years, Shandong Cvicse Middleware Co's highest Days Payable was 507.28. The lowest was 31.77. And the median was 205.85.

SHSE:688695's Days Payable is ranked better than
87.09% of 2611 companies
in the Software industry
Industry Median: 52.78 vs SHSE:688695: 263.78

Shandong Cvicse Middleware Co's Days Payable increased from Mar. 2025 (192.21) to Mar. 2026 (1,633.55). It may suggest that Shandong Cvicse Middleware Co delayed paying its suppliers.


Shandong Cvicse Middleware Co Days Payable Historical Data

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The historical data trend for Shandong Cvicse Middleware 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.

Shandong Cvicse Middleware Co Days Payable Chart

Shandong Cvicse Middleware 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 226.51 168.97 287.20 164.78 205.85

Shandong Cvicse Middleware Co Quarterly Data
Dec18 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 Premium Member Only 192.21 183.19 138.87 406.96 1,633.55

SHSE:688695 vs QH, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Shandong Cvicse Middleware 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.


Shandong Cvicse Middleware Co Days Payable vs Software Industry

For the Software industry and Technology sector, Shandong Cvicse Middleware Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Cvicse Middleware Co's Days Payable falls into.


SHSE:688695
38GF Score
Shandong Cvicse Middleware Co Ltd SHSE:688695
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Cvicse Middleware 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.

Shandong Cvicse Middleware 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
=( (13.275 + 13.114) / 2 ) / 23.396*365
=13.1945 / 23.396*365
=205.85

Shandong Cvicse Middleware 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
=( (13.114 + 14.276) / 2 ) / 0.765*365 / 4
=13.695 / 0.765*365 / 4
=1,633.55

* 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 1,633.55 mean?
Shandong Cvicse Middleware Co (SHSE:688695) has a Days Payable of 1,633.55 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 Shandong Cvicse Middleware Co and its competitors. This is 694% above median its historical median of 205.85. Over the past decade, Shandong Cvicse Middleware Co's Days Payable has ranged from 31.77 to 507.28. According to the industry distribution chart, Shandong Cvicse Middleware Co ranks #337 out of 2611 companies in the Software industry, placing it in the top 12.9%.
Is Shandong Cvicse Middleware Co's Days Payable too high?
Shandong Cvicse Middleware Co's current Days Payable of 1,633.55 is 694% above median its 10-year median of 205.85. Over the past 10 years, this metric has ranged from a low of 31.77 to a high of 507.28. The Software industry median Days Payable is 52.78. Shandong Cvicse Middleware Co's value of 1,633.55 is 2995% above this industry median. Based on the distribution chart, Shandong Cvicse Middleware Co ranks #337 out of 2611 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Cvicse Middleware Co has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Cvicse Middleware Co's Days Payable compare to QH and SHOP?
According to the Software industry distribution chart, Shandong Cvicse Middleware Co ranks #337 out of 2611 companies for Days Payable. This places Shandong Cvicse Middleware Co in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.78. Shandong Cvicse Middleware Co's value of 1,633.55 is 2995% above this benchmark. Historically, Shandong Cvicse Middleware Co's own Days Payable has ranged from 31.77 to 507.28 over the past decade. While the company's 10-year median is 205.85 vs. the industry median of 52.78, Shandong Cvicse Middleware 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 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. Shandong Cvicse Middleware Co's current Days Payable of 1,633.55 is 2995% 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 Shandong Cvicse Middleware Co 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. Shandong Cvicse Middleware Co's current Days Payable is 1,633.55, which is 694% above median its own 10-year median of 205.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Cvicse Middleware Co stock overvalued right now?
Shandong Cvicse Middleware Co (SHSE:688695) has a current Days Payable of 1,633.55. The current Days Payable is 1,633.55, which is 694% above median its 10-year median of 205.85 and 2995% above the Software industry median of 52.78. Shandong Cvicse Middleware Co's overall GF Score™ is 38/100 with 6 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 Shandong Cvicse Middleware Co (SHSE:688695), the current Days Payable is 1,633.55 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.

Shandong Cvicse Middleware Co Business Description

Address Qianfoshan East Road, No. 41-1, Lixia District, Shandong Province, Jinan, CHN, 250014
Shandong Cvicse Middleware Co Ltd is engaged in research and development and sales of middleware software and provision of related technical services.
38GF Score

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