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What is Tonking New Energy Group Holdings Days Payable?
Tonking New Energy Group HoldingsHKSE:08326 +1.33%53 Days Payable is 223.61 as of Mar. 2026, which is 146% above its 10-year median of 90.79. GuruFocus rates HKSE:08326 with a GF Score™ of 53/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 403 Utilities - Independent Power Producers companies, Tonking New Energy Group Holdings ranks better than 75.93% on this metric.
The historical rank and industry rank for Tonking New Energy Group Holdings's Days Payable or its related term are showing as below:
HKSE:08326'
s Days Payable Range Over the Past 10 Years
Min: 37.35 Med: 90.79 Max: 233.7
Current: 217.46
During the past 13 years, Tonking New Energy Group Holdings's highest Days Payable was 233.70. The lowest was 37.35. And the median was 90.79.
HKSE:08326's Days Payable is ranked better than 75.93% of 403
companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.03
vs HKSE:08326: 217.46
* 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.
Tonking New Energy Group Holdings Days Payable Chart
Tonking New Energy Group Holdings Days Payable Competitor Comparison
For the Utilities - Renewable subindustry, Tonking New Energy Group Holdings'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.
Tonking New Energy Group Holdings Days Payable vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Tonking New Energy Group Holdings's Days Payable falls into.
Tonking New Energy Group Holdings 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.
* 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.
Tonking New Energy Group Holdings (HKSE:08326) has a Days Payable of 223.61 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 Tonking New Energy Group Holdings and its competitors. This is 146% above median its historical median of 90.79. Over the past decade, Tonking New Energy Group Holdings' Days Payable has ranged from 37.35 to 233.70. According to the industry distribution chart, Tonking New Energy Group Holdings ranks #97 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 24.1%.
Is Tonking New Energy Group Holdings' Days Payable too high?
Tonking New Energy Group Holdings' current Days Payable of 223.61 is 146% above median its 10-year median of 90.79. Over the past 10 years, this metric has ranged from a low of 37.35 to a high of 233.70. The Utilities - Independent Power Producers industry median Days Payable is 80.03. Tonking New Energy Group Holdings' value of 223.61 is 179.4% above this industry median. Based on the distribution chart, Tonking New Energy Group Holdings ranks #97 out of 403 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Tonking New Energy Group Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonking New Energy Group Holdings' Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tonking New Energy Group Holdings ranks #97 out of 403 companies for Days Payable. This places Tonking New Energy Group Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Days Payable is 80.03. Tonking New Energy Group Holdings' value of 223.61 is 179.4% above this benchmark. Historically, Tonking New Energy Group Holdings' own Days Payable has ranged from 37.35 to 233.70 over the past decade. While the company's 10-year median is 90.79 vs. the industry median of 80.03, Tonking New Energy Group Holdings 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 Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 80.03, based on 403 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. Tonking New Energy Group Holdings's current Days Payable of 223.61 is 179.4% 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 Tonking New Energy Group Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 80.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonking New Energy Group Holdings's current Days Payable is 223.61, which is 146% above median its own 10-year median of 90.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonking New Energy Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings (HKSE:08326) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.15 — trading 204% above its estimated fair value. The current Days Payable is 223.61, which is 146% above median its 10-year median of 90.79 and 179.4% above the Utilities - Independent Power Producers industry median of 80.03. Tonking New Energy Group Holdings' overall GF Score™ is 53/100 with 7 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 Tonking New Energy Group Holdings (HKSE:08326), the current Days Payable is 223.61 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 Tonking New Energy Group Holdings (HKSE:08326) Overvalued in 2026?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings stock appears to be overvalued.
The current stock price of HK$0.15 is trading 204% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Tonking New Energy Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08326:
Days Payable: 223.61 (146% above median its 10-year median of 90.79)
GF Value™: HK$0.05 vs. price of HK$0.15 (204% above fair value)
Industry Position: 179.4% above the Utilities - Independent Power Producers median (#97 of 403)
No single metric tells the full story. See the HKSE:08326 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tonking New Energy Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the renewable energy business in the People's Republic of China. The renewable energy business engages in the provision of a one-stop value-added solution for photovoltaic power stations (EPC, maintenance and support, and testing); sales of the patented photovoltaic tracking mounting bracket systems; and sales of electricity.
53GF Score
Get the complete analysis for HKSE:08326
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