Koal Software Co (SHSE:603232) Research & Development: ¥87.8 Mil (TTM As of Mar. 2026)

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SHSE:603232 Koal Software Co Ltd SHSE:603232
73 GF Score
Price ¥13.54
GF Value ¥10.48
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Koal Software Co Research & Development?

Koal Software Co SHSE:603232 +2.34% 73 Research & Development is ¥87.8 Mil as of Mar. 2026. GuruFocus rates SHSE:603232 with a GF Score™ of 73/100 and a GF Value™ of ¥10.48 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Koal Software Co's Research & Development for the three months ended in Mar. 2026 was ¥18.5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥87.8 Mil.

Koal Software Co  (SHSE:603232) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Koal Software Co Research & Development Related Terms

Koal Software Co Research & Development Historical Data

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The historical data trend for Koal Software Co's Research & Development 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.

Koal Software Co Research & Development Chart

Koal Software Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.25 91.38 85.12 86.42 86.54

Koal Software Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development 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 17.21 22.22 16.32 30.79 18.51
SHSE:603232
73GF Score
Koal Software Co Ltd SHSE:603232
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Koal Software Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥87.8 Mil.

* 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 Research & Development →
What does a Research & Development of ¥87.8 Mil mean?
Koal Software Co (SHSE:603232) has a Research & Development of ¥87.8 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Koal Software Co and its competitors.
Is Koal Software Co's Research & Development too high?
Koal Software Co's current Research & Development is ¥87.8 Mil. Overall, Koal Software Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koal Software Co's Research & Development compare to MSFT and ORCL?
Koal Software Co's Research & Development of ¥87.8 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Koal Software Co and its competitors. Koal Software Co's current Research & Development is ¥87.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koal Software Co stock overvalued right now?
Based on GuruFocus' analysis, Koal Software Co (SHSE:603232) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.48, compared to a current price of ¥13.54 — trading 29.2% above its estimated fair value. The current Research & Development is ¥87.8 Mil. Koal Software Co's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Koal Software Co (SHSE:603232), the current Research & Development is ¥87.8 Mil 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 Koal Software Co (SHSE:603232) Overvalued in 2026?

Based on GuruFocus' analysis, Koal Software Co stock appears to be overvalued. The current stock price of ¥13.54 is trading 29.2% above its estimated GF Value™ of ¥10.48. GuruFocus considers Koal Software Co to be Modestly Overvalued.

Key valuation signals for SHSE:603232:

  • Research & Development: ¥87.8 Mil
  • GF Value™: ¥10.48 vs. price of ¥13.54 (29.2% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Koal Software Co Business Description

Address No. 1-7, Lane 58, Muchuan Road, Industry Base A2 Building, Sijing Town, Songjiang District, Shanghai, CHN, 201601
Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.
73GF Score

Get the complete analysis for SHSE:603232

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

¥13.54
Price
¥10.48
GF Value