Irico Group New Energy Co (HKSE:00438) Days Payable: 76.04 (As of Dec. 2025) — 40% Below Median


HKSE:00438 Irico Group New Energy Co Ltd HKSE:00438
49 GF Score
Price HK$1.31
GF Value HK$2.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is Irico Group New Energy Co Days Payable?

Irico Group New Energy Co HKSE:00438 49 Days Payable is 76.04 as of Dec. 2025, which is 40% below its 10-year median of 126.43. GuruFocus rates HKSE:00438 with a GF Score™ of 49/100 and a GF Value™ of HK$2.79 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 996 Semiconductors companies, Irico Group New Energy Co ranks better than 66.87% on this metric.

Irico Group New Energy Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$679 Mil. Irico Group New Energy Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$1,631 Mil. Hence, Irico Group New Energy Co's Days Payable for the six months ended in Dec. 2025 was 76.04.

The historical rank and industry rank for Irico Group New Energy Co's Days Payable or its related term are showing as below:

HKSE:00438' s Days Payable Range Over the Past 10 Years
Min: 69.73   Med: 126.43   Max: 199.2
Current: 71.07

During the past 13 years, Irico Group New Energy Co's highest Days Payable was 199.20. The lowest was 69.73. And the median was 126.43.

HKSE:00438's Days Payable is ranked better than
66.87% of 996 companies
in the Semiconductors industry
Industry Median: 53.11 vs HKSE:00438: 71.07

Irico Group New Energy Co's Days Payable declined from Dec. 2024 (101.33) to Dec. 2025 (76.04). It may suggest that Irico Group New Energy Co accelerated paying its suppliers.


Irico Group New Energy Co Days Payable Historical Data

* Premium members only.

The historical data trend for Irico Group New Energy 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.

Irico Group New Energy Co Days Payable Chart

Irico Group New Energy 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 149.60 113.89 111.90 91.64 69.73

Irico Group New Energy Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 106.22 100.90 101.33 67.54 76.04

HKSE:00438 vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Irico Group New Energy 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.


Irico Group New Energy Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Irico Group New Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Irico Group New Energy Co's Days Payable falls into.


HKSE:00438
49GF Score
Irico Group New Energy Co Ltd HKSE:00438
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Irico Group New Energy 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.

Irico Group New Energy 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
=( (662.846 + 667.068) / 2 ) / 3480.5*365
=664.957 / 3480.5*365
=69.73

Irico Group New Energy Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (691.802 + 667.068) / 2 ) / 1630.696*365 / 2
=679.435 / 1630.696*365 / 2
=76.04

* 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 76.04 mean?
Irico Group New Energy Co (HKSE:00438) has a Days Payable of 76.04 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Irico Group New Energy Co and its competitors. This is 40% below median its historical median of 126.43. Over the past decade, Irico Group New Energy Co's Days Payable has ranged from 69.73 to 199.20. According to the industry distribution chart, Irico Group New Energy Co ranks #330 out of 996 companies in the Semiconductors industry, placing it in the top 33.1%.
Is Irico Group New Energy Co's Days Payable too high?
Irico Group New Energy Co's current Days Payable of 76.04 is 40% below median its 10-year median of 126.43. Over the past 10 years, this metric has ranged from a low of 69.73 to a high of 199.20. The Semiconductors industry median Days Payable is 53.11. Irico Group New Energy Co's value of 76.04 is 43.2% above this industry median. Based on the distribution chart, Irico Group New Energy Co ranks #330 out of 996 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Irico Group New Energy Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Irico Group New Energy Co's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Irico Group New Energy Co ranks #330 out of 996 companies for Days Payable. This puts Irico Group New Energy Co in the upper half of its industry. The industry median Days Payable is 53.11. Irico Group New Energy Co's value of 76.04 is 43.2% above this benchmark. Historically, Irico Group New Energy Co's own Days Payable has ranged from 69.73 to 199.20 over the past decade. While the company's 10-year median is 126.43 vs. the industry median of 53.11, Irico Group New Energy 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 53.11, based on 996 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. Irico Group New Energy Co's current Days Payable of 76.04 is 43.2% 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 Irico Group New Energy Co and its competitors. For the Semiconductors industry, the median Days Payable is 53.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Irico Group New Energy Co's current Days Payable is 76.04, which is 40% below median its own 10-year median of 126.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irico Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Irico Group New Energy Co (HKSE:00438) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.79, compared to a current price of HK$1.31 — trading 53% below its estimated fair value. The current Days Payable is 76.04, which is 40% below median its 10-year median of 126.43 and 43.2% above the Semiconductors industry median of 53.11. Irico Group New Energy Co's overall GF Score™ is 49/100 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 Irico Group New Energy Co (HKSE:00438), the current Days Payable is 76.04 as of Dec. 2025. 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 Irico Group New Energy Co (HKSE:00438) Overvalued in 2026?

Based on GuruFocus' analysis, Irico Group New Energy Co stock appears to be undervalued. The current stock price of HK$1.31 is trading 53% below its estimated GF Value™ of HK$2.79. GuruFocus considers Irico Group New Energy Co to be Possible Value Trap.

Key valuation signals for HKSE:00438:

  • Days Payable: 76.04 (40% below median its 10-year median of 126.43)
  • GF Value™: HK$2.79 vs. price of HK$1.31 (53% below fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 43.2% above the Semiconductors median (#330 of 996)

No single metric tells the full story. See the HKSE:00438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Irico Group New Energy Co Business Description

Address Xinghuo Avenue, No. 3, C6, High-Tech Industrial Development Zone, Shaanxi Province, Xianyang, CHN, 712000
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. Along with its subsidiaries, it produces and sells solar photovoltaic glass, solar photovoltaic modules, and back glass, which is applied to solar cell module packaging. Its geographical segments are: The People's Republic of China (excluding Hong Kong), and Other countries, of which the majority of the revenue comes from China.
49GF Score

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

HK$1.31
Price
HK$2.79
GF Value