Shanghai REFIRE Group (HKSE:02570) Days Payable: 327.94 (As of Dec. 2025) — 26% Below Median

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HKSE:02570 Shanghai REFIRE Group Ltd HKSE:02570
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Price HK$17.75
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What is Shanghai REFIRE Group Days Payable?

Shanghai REFIRE Group HKSE:02570 -2.90% 3 Days Payable is 327.94 as of Dec. 2025, which is 26% below its 10-year median of 443.33. GuruFocus rates HKSE:02570 with a GF Score™ of 3/100. The stock has 8 warning signs investors should review. Among 2,993 Industrial Products companies, Shanghai REFIRE Group ranks better than 97.93% on this metric.

Shanghai REFIRE Group's average Accounts Payable for the six months ended in Dec. 2025 was HK$806.1 Mil. Shanghai REFIRE Group's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$448.6 Mil. Hence, Shanghai REFIRE Group's Days Payable for the six months ended in Dec. 2025 was 327.94.

The historical rank and industry rank for Shanghai REFIRE Group's Days Payable or its related term are showing as below:

HKSE:02570' s Days Payable Range Over the Past 10 Years
Min: 313.37   Med: 443.33   Max: 563.14
Current: 533.71

During the past 5 years, Shanghai REFIRE Group's highest Days Payable was 563.14. The lowest was 313.37. And the median was 443.33.

HKSE:02570's Days Payable is ranked better than
97.93% of 2993 companies
in the Industrial Products industry
Industry Median: 77.78 vs HKSE:02570: 533.71

Shanghai REFIRE Group's Days Payable declined from Dec. 2024 (397.78) to Dec. 2025 (327.94). It may suggest that Shanghai REFIRE Group accelerated paying its suppliers.


Shanghai REFIRE Group Days Payable Historical Data

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The historical data trend for Shanghai REFIRE 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.

Shanghai REFIRE Group Days Payable Chart

Shanghai REFIRE Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
443.33 388.79 313.37 523.52 563.14

Shanghai REFIRE Group Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial 0.00 886.54 397.78 1,167.23 327.94

HKSE:02570 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Shanghai REFIRE 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.


Shanghai REFIRE Group Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai REFIRE Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai REFIRE Group's Days Payable falls into.


HKSE:02570
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Shanghai REFIRE Group Ltd HKSE:02570
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Shanghai REFIRE Group 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.

Shanghai REFIRE Group'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
=( (932.956 + 861.759) / 2 ) / 581.621*365
=897.3575 / 581.621*365
=563.14

Shanghai REFIRE Group'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
=( (750.504 + 861.759) / 2 ) / 448.609*365 / 2
=806.1315 / 448.609*365 / 2
=327.94

* 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 327.94 mean?
Shanghai REFIRE Group (HKSE:02570) has a Days Payable of 327.94 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 Shanghai REFIRE Group and its competitors. This is 26% below median its historical median of 443.33. Over the past decade, Shanghai REFIRE Group's Days Payable has ranged from 313.37 to 563.14. According to the industry distribution chart, Shanghai REFIRE Group ranks #62 out of 2993 companies in the Industrial Products industry, placing it in the top 2.1%.
Is Shanghai REFIRE Group's Days Payable too high?
Shanghai REFIRE Group's current Days Payable of 327.94 is 26% below median its 10-year median of 443.33. Over the past 10 years, this metric has ranged from a low of 313.37 to a high of 563.14. The Industrial Products industry median Days Payable is 77.78. Shanghai REFIRE Group's value of 327.94 is 321.6% above this industry median. Based on the distribution chart, Shanghai REFIRE Group ranks #62 out of 2993 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai REFIRE Group has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai REFIRE Group's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shanghai REFIRE Group ranks #62 out of 2993 companies for Days Payable. This places Shanghai REFIRE Group in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 77.78. Shanghai REFIRE Group's value of 327.94 is 321.6% above this benchmark. Historically, Shanghai REFIRE Group's own Days Payable has ranged from 313.37 to 563.14 over the past decade. While the company's 10-year median is 443.33 vs. the industry median of 77.78, Shanghai REFIRE Group 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.78, based on 2,993 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. Shanghai REFIRE Group's current Days Payable of 327.94 is 321.6% 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 Shanghai REFIRE Group and its competitors. For the Industrial Products industry, the median Days Payable is 77.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai REFIRE Group's current Days Payable is 327.94, which is 26% below median its own 10-year median of 443.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai REFIRE Group stock overvalued right now?
Shanghai REFIRE Group (HKSE:02570) has a current Days Payable of 327.94. The current Days Payable is 327.94, which is 26% below median its 10-year median of 443.33 and 321.6% above the Industrial Products industry median of 77.78. Shanghai REFIRE Group's overall GF Score™ is 3/100 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 Shanghai REFIRE Group (HKSE:02570), the current Days Payable is 327.94 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.

Shanghai REFIRE Group Business Description

Address 1555 Jingyuan Road, Room 1004, 1st Floor, Unit 1, Jiading District, Shanghai, CHN
Shanghai REFIRE Group Ltd is a hydrogen technology company in China, It is focused on the design, development, manufacture, and sales of hydrogen fuel cell systems, hydrogen production systems, and related components, as well as providing fuel cell engineering and technical services catering to customers' needs, enabling it to provide one-stop solution for hydrogen production and end-use applications. Key revenue of the Group was derived from operations in Mainland China, and also has its presence in Other Countries.
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