VNET GroupHAM:217A 54 Days Payable is 34.07 as of Mar. 2026, which is 18% below its 10-year median of 41.43. GuruFocus rates HAM:217A with a GF Score™ of 54/100 and a GF Value™ of €3.83. The stock has 8 warning signs investors should review. Among 2,598 Software companies, VNET Group ranks worse than 64.51% on this metric.
VNET Group's average Accounts Payable for the
three
months ended in Mar. 2026 was €97 Mil. VNET Group's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €260 Mil.
Hence, VNET Group's Days Payable for the
three
months ended in Mar. 2026 was 34.07.
The historical rank and industry rank for VNET Group's Days Payable or its related term are showing as below:
HAM:217A'
s Days Payable Range Over the Past 10 Years
Min: 27.82 Med: 41.43 Max: 65.25
Current: 34.68
During the past 13 years, VNET Group's highest Days Payable was 65.25. The lowest was 27.82. And the median was 41.43.
HAM:217A's Days Payable is ranked worse than 64.51% of 2598
companies
in the Software industry
Industry Median: 53.675
vs HAM:217A: 34.68
VNET Group's Days Payable
declined
from Mar. 2025 (41.87) to Mar. 2026 (34.07).
It may suggest that VNET Groupaccelerated paying its suppliers.
VNET Group Days Payable Related Terms
VNET Group Days Payable Historical Data
* Premium members only.
The historical data trend for VNET Group'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.
HAM:217A vs INOD, KD, BBAI: Days Payable Comparison
For the Information Technology Services subindustry, VNET Group'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.
VNET Group Days Payable vs Software Industry
For the Software industry and Technology sector, VNET Group's Days Payable distribution charts can be found below:
* The bar in red indicates where VNET Group'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.
VNET Group'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.
VNET Group (HAM:217A) has a Days Payable of 34.07 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 VNET Group and its competitors. This is 18% below median its historical median of 41.43. Over the past decade, VNET Group's Days Payable has ranged from 27.82 to 65.25. According to the industry distribution chart, VNET Group ranks #1676 out of 2598 companies in the Software industry, placing it in the top 64.5%.
Is VNET Group's Days Payable too high?
VNET Group's current Days Payable of 34.07 is 18% below median its 10-year median of 41.43. Over the past 10 years, this metric has ranged from a low of 27.82 to a high of 65.25. The Software industry median Days Payable is 53.68. VNET Group's value of 34.07 is 36.5% below this industry median. Based on the distribution chart, VNET Group ranks #1676 out of 2598 companies in the Software industry, which is below the industry midpoint. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Days Payable compare to INOD and KD?
According to the Software industry distribution chart, VNET Group ranks #1676 out of 2598 companies for Days Payable. This places VNET Group in the lower half of its industry. The industry median Days Payable is 53.68. VNET Group's value of 34.07 is 36.5% below this benchmark. Historically, VNET Group's own Days Payable has ranged from 27.82 to 65.25 over the past decade. While the company's 10-year median is 41.43 vs. the industry median of 53.68, VNET Group 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 Software company?
The median Days Payable among Software companies is 53.68, 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. VNET Group's current Days Payable of 34.07 is 36.5% 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 VNET Group and its competitors. For the Software industry, the median Days Payable is 53.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current Days Payable is 34.07, which is 18% below median its own 10-year median of 41.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Days Payable of 34.07. The stock's GF Value™ is €3.83, compared to a current price of €6.98 — trading 82.2% above its estimated fair value. The current Days Payable is 34.07, which is 18% below median its 10-year median of 41.43 and 36.5% below the Software industry median of 53.68. VNET Group's overall GF Score™ is 54/100 with 8 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 VNET Group (HAM:217A), the current Days Payable is 34.07 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 VNET Group (HAM:217A) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of €6.98 is trading 82.2% above its estimated GF Value™ of €3.83.
Key valuation signals for HAM:217A:
Days Payable: 34.07 (18% below median its 10-year median of 41.43)
GF Value™: €3.83 vs. price of €6.98 (82.2% above fair value)
Industry Position: 36.5% below the Software median (#1676 of 2598)
No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
54GF Score
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