AEHR (Aehr Test Systems) Days Payable: 37.36 (As of May. 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AEHR Aehr Test Systems AEHR
60 GF Score
Price $88.62
GF Value $13.63
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Aehr Test Systems Days Payable?

Aehr Test Systems AEHR -5.33% 60 Days Payable is 37.36 as of May. 2026, which is 41% below its 10-year median of 63.20. GuruFocus rates AEHR with a GF Score™ of 60/100 and a GF Value™ of $13.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 999 Semiconductors companies, Aehr Test Systems ranks worse than 52.35% on this metric.

Aehr Test Systems's average Accounts Payable for the three months ended in May. 2026 was $4.43 Mil. Aehr Test Systems's Cost of Goods Sold for the three months ended in May. 2026 was $10.82 Mil. Hence, Aehr Test Systems's Days Payable for the three months ended in May. 2026 was 37.36.

The historical rank and industry rank for Aehr Test Systems's Days Payable or its related term are showing as below:

AEHR' s Days Payable Range Over the Past 10 Years
Min: 37.73   Med: 63.2   Max: 78.79
Current: 50.8

During the past 13 years, Aehr Test Systems's highest Days Payable was 78.79. The lowest was 37.73. And the median was 63.20.

AEHR's Days Payable is ranked worse than
52.35% of 999 companies
in the Semiconductors industry
Industry Median: 53.06 vs AEHR: 50.80

Aehr Test Systems's Days Payable declined from May. 2025 (63.62) to May. 2026 (37.36). It may suggest that Aehr Test Systems accelerated paying its suppliers.


Aehr Test Systems Days Payable Historical Data

* Premium members only.

The historical data trend for Aehr Test Systems'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.

Aehr Test Systems Days Payable Chart

Aehr Test Systems Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.62 75.92 78.79 62.82 76.06

Aehr Test Systems Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 63.62 63.61 43.07 37.12 37.36

AEHR vs COHU, AMBA, ICHR: Days Payable Comparison

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems'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.


Aehr Test Systems Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's Days Payable falls into.


AEHR
60GF Score
Aehr Test Systems AEHR
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aehr Test Systems 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.

Aehr Test Systems's Days Payable for the fiscal year that ended in May. 2026 is calculated as

Days Payable (A: May. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2025 ) + Accounts Payable (A: May. 2026 )) / count ) / Cost of Goods Sold (A: May. 2026 )*Days in Period
=( (6.728 + 6.754) / 2 ) / 32.35*365
=6.741 / 32.35*365
=76.06

Aehr Test Systems's Days Payable for the quarter that ended in May. 2026 is calculated as:

Days Payable (Q: May. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2026 ) + Accounts Payable (Q: May. 2026 )) / count ) / Cost of Goods Sold (Q: May. 2026 )*Days in Period
=( (2.103 + 6.754) / 2 ) / 10.816*365 / 4
=4.4285 / 10.816*365 / 4
=37.36

* 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 37.36 mean?
Aehr Test Systems (AEHR) has a Days Payable of 37.36 as of May. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aehr Test Systems and its competitors. This is 41% below median its historical median of 63.20. Over the past decade, Aehr Test Systems' Days Payable has ranged from 37.73 to 78.79. According to the industry distribution chart, Aehr Test Systems ranks #523 out of 999 companies in the Semiconductors industry, placing it in the top 52.4%.
Is Aehr Test Systems' Days Payable too high?
Aehr Test Systems' current Days Payable of 37.36 is 41% below median its 10-year median of 63.20. Over the past 10 years, this metric has ranged from a low of 37.73 to a high of 78.79. The Semiconductors industry median Days Payable is 53.06. Aehr Test Systems' value of 37.36 is 29.6% below this industry median. Based on the distribution chart, Aehr Test Systems ranks #523 out of 999 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Aehr Test Systems has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' Days Payable compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #523 out of 999 companies for Days Payable. This places Aehr Test Systems in the lower half of its industry. The industry median Days Payable is 53.06. Aehr Test Systems' value of 37.36 is 29.6% below this benchmark. Historically, Aehr Test Systems' own Days Payable has ranged from 37.73 to 78.79 over the past decade. While the company's 10-year median is 63.20 vs. the industry median of 53.06, Aehr Test Systems has consistently been below 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 999 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. Aehr Test Systems's current Days Payable of 37.36 is 29.6% below 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 Aehr Test Systems and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Days Payable is 37.36, which is 41% below median its own 10-year median of 63.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aehr Test Systems stock overvalued right now?
Based on GuruFocus' analysis, Aehr Test Systems (AEHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.63, compared to a current price of $88.62 — trading 550.2% above its estimated fair value. The current Days Payable is 37.36, which is 41% below median its 10-year median of 63.20 and 29.6% below the Semiconductors industry median of 53.06. Aehr Test Systems' overall GF Score™ is 60/100 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 Aehr Test Systems (AEHR), the current Days Payable is 37.36 as of May. 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 Aehr Test Systems (AEHR) Overvalued in 2026?

Based on GuruFocus' analysis, Aehr Test Systems stock appears to be overvalued. The current stock price of $88.62 is trading 550.2% above its estimated GF Value™ of $13.63. GuruFocus considers Aehr Test Systems to be Significantly Overvalued.

Key valuation signals for AEHR:

  • Days Payable: 37.36 (41% below median its 10-year median of 63.20)
  • GF Value™: $13.63 vs. price of $88.62 (550.2% above fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 29.6% below the Semiconductors median (#523 of 999)

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


Aehr Test Systems Business Description

Other Exchanges AYB:Germany
Address 400 Kato Terrace, Fremont, CA, USA, 94539
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
60GF Score

Get the complete analysis for AEHR

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

$88.62
Price
$13.63
GF Value