CanaanCAN -7.35%39 Days Payable is 24.53 as of Mar. 2026, which is 66% above its 10-year median of 14.78. GuruFocus rates CAN with a GF Score™ of 39/100 and a GF Value™ of $0.71 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,438 Hardware companies, Canaan ranks worse than 95.08% on this metric.
Canaan's average Accounts Payable for the
three
months ended in Mar. 2026 was $23.0 Mil. Canaan's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $85.6 Mil.
Hence, Canaan's Days Payable for the
three
months ended in Mar. 2026 was 24.53.
The historical rank and industry rank for Canaan's Days Payable or its related term are showing as below:
CAN'
s Days Payable Range Over the Past 10 Years
Min: 8.34 Med: 14.78 Max: 57.83
Current: 18.6
During the past 9 years, Canaan's highest Days Payable was 57.83. The lowest was 8.34. And the median was 14.78.
CAN's Days Payable is ranked worse than 95.08% of 2438
companies
in the Hardware industry
Industry Median: 69.935
vs CAN: 18.60
Canaan's Days Payable
increased
from Mar. 2025 (16.50) to Mar. 2026 (24.53).
It may suggest that Canaandelayed paying its suppliers.
Canaan Days Payable Related Terms
Canaan Days Payable Historical Data
* Premium members only.
The historical data trend for Canaan'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.
For the Computer Hardware subindustry, Canaan'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.
Canaan Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Canaan's Days Payable distribution charts can be found below:
* The bar in red indicates where Canaan'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.
Canaan'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.
Canaan (CAN) has a Days Payable of 24.53 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 Canaan and its competitors. This is 66% above median its historical median of 14.78. Over the past decade, Canaan's Days Payable has ranged from 8.34 to 57.83. According to the industry distribution chart, Canaan ranks #2318 out of 2438 companies in the Hardware industry, placing it in the top 95.1%.
Is Canaan's Days Payable too high?
Canaan's current Days Payable of 24.53 is 66% above median its 10-year median of 14.78. Over the past 10 years, this metric has ranged from a low of 8.34 to a high of 57.83. The Hardware industry median Days Payable is 69.94. Canaan's value of 24.53 is 64.9% below this industry median. Based on the distribution chart, Canaan ranks #2318 out of 2438 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Canaan has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Days Payable compare to BGIN and NNDM?
According to the Hardware industry distribution chart, Canaan ranks #2318 out of 2438 companies for Days Payable. This places Canaan in the lower half of its industry. The industry median Days Payable is 69.94. Canaan's value of 24.53 is 64.9% below this benchmark. Historically, Canaan's own Days Payable has ranged from 8.34 to 57.83 over the past decade. While the company's 10-year median is 14.78 vs. the industry median of 69.94, Canaan 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. Canaan's current Days Payable of 24.53 is 64.9% 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 Canaan and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canaan's current Days Payable is 24.53, which is 66% above median its own 10-year median of 14.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (CAN) is currently considered Possible Value Trap. The stock's GF Value™ is $0.71, compared to a current price of $0.30 — trading 57.7% below its estimated fair value. The current Days Payable is 24.53, which is 66% above median its 10-year median of 14.78 and 64.9% below the Hardware industry median of 69.94. Canaan's overall GF Score™ is 39/100 with 2 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 Canaan (CAN), the current Days Payable is 24.53 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 Canaan (CAN) Overvalued in 2026?
Based on GuruFocus' analysis, Canaan stock appears to be undervalued.
The current stock price of $0.30 is trading 57.7% below its estimated GF Value™ of $0.71.
GuruFocus considers Canaan to be Possible Value Trap.
Key valuation signals for CAN:
Days Payable: 24.53 (66% above median its 10-year median of 14.78)
GF Value™: $0.71 vs. price of $0.30 (57.7% below fair value)
Industry Position: 64.9% below the Hardware median (#2318 of 2438)
No single metric tells the full story. See the CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
39GF Score
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