Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) Days Payable: 17.65 (As of Dec. 2025) — 80% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:09903 Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
9 GF Score
Price HK$404.80
! 2 Warning Signs
View Full Analysis

What is Shanghai Iluvatar CoreX Semiconductor Co Days Payable?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 Days Payable is 17.65 as of Dec. 2025, which is 80% below its 10-year median of 87.17. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 warning signs investors should review. Among 1,004 Semiconductors companies, Shanghai Iluvatar CoreX Semiconductor Co ranks worse than 82.37% on this metric.

Shanghai Iluvatar CoreX Semiconductor Co's average Accounts Payable for the six months ended in Dec. 2025 was HK$34 Mil. Shanghai Iluvatar CoreX Semiconductor Co's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$347 Mil. Hence, Shanghai Iluvatar CoreX Semiconductor Co's Days Payable for the six months ended in Dec. 2025 was 17.65.

The historical rank and industry rank for Shanghai Iluvatar CoreX Semiconductor Co's Days Payable or its related term are showing as below:

HKSE:09903' s Days Payable Range Over the Past 10 Years
Min: 26.91   Med: 87.17   Max: 404.36
Current: 26.91

During the past 4 years, Shanghai Iluvatar CoreX Semiconductor Co's highest Days Payable was 404.36. The lowest was 26.91. And the median was 87.17.

HKSE:09903's Days Payable is ranked worse than
82.37% of 1004 companies
in the Semiconductors industry
Industry Median: 54.18 vs HKSE:09903: 26.91

Shanghai Iluvatar CoreX Semiconductor Co's Days Payable declined from Dec. 2024 (50.19) to Dec. 2025 (17.65). It may suggest that Shanghai Iluvatar CoreX Semiconductor Co accelerated paying its suppliers.


Shanghai Iluvatar CoreX Semiconductor Co Days Payable Related Terms


Shanghai Iluvatar CoreX Semiconductor Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shanghai Iluvatar CoreX Semiconductor 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.

Shanghai Iluvatar CoreX Semiconductor Co Days Payable Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
404.36 131.60 42.73 28.87

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial 0.00 31.05 50.19 41.99 17.65

HKSE:09903 vs NVDA, AVGO, MU: Days Payable Comparison

For the Semiconductors subindustry, Shanghai Iluvatar CoreX Semiconductor 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.


Shanghai Iluvatar CoreX Semiconductor Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Iluvatar CoreX Semiconductor Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Iluvatar CoreX Semiconductor Co's Days Payable falls into.


HKSE:09903
9GF Score
Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Iluvatar CoreX Semiconductor 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.

Shanghai Iluvatar CoreX Semiconductor 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
=( (48.734 + 34.389) / 2 ) / 525.422*365
=41.5615 / 525.422*365
=28.87

Shanghai Iluvatar CoreX Semiconductor 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
=( (32.665 + 34.389) / 2 ) / 346.644*365 / 2
=33.527 / 346.644*365 / 2
=17.65

* 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 17.65 mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a Days Payable of 17.65 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 Iluvatar CoreX Semiconductor Co and its competitors. This is 80% below median its historical median of 87.17. Over the past decade, Shanghai Iluvatar CoreX Semiconductor Co's Days Payable has ranged from 26.91 to 404.36. According to the industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #827 out of 1004 companies in the Semiconductors industry, placing it in the top 82.4%.
Is Shanghai Iluvatar CoreX Semiconductor Co's Days Payable too high?
Shanghai Iluvatar CoreX Semiconductor Co's current Days Payable of 17.65 is 80% below median its 10-year median of 87.17. Over the past 10 years, this metric has ranged from a low of 26.91 to a high of 404.36. The Semiconductors industry median Days Payable is 54.18. Shanghai Iluvatar CoreX Semiconductor Co's value of 17.65 is 67.4% below this industry median. Based on the distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #827 out of 1004 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Shanghai Iluvatar CoreX Semiconductor Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Iluvatar CoreX Semiconductor Co's Days Payable compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #827 out of 1004 companies for Days Payable. This places Shanghai Iluvatar CoreX Semiconductor Co in the lower half of its industry. The industry median Days Payable is 54.18. Shanghai Iluvatar CoreX Semiconductor Co's value of 17.65 is 67.4% below this benchmark. Historically, Shanghai Iluvatar CoreX Semiconductor Co's own Days Payable has ranged from 26.91 to 404.36 over the past decade. While the company's 10-year median is 87.17 vs. the industry median of 54.18, Shanghai Iluvatar CoreX Semiconductor Co 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 54.18, based on 1,004 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 Iluvatar CoreX Semiconductor Co's current Days Payable of 17.65 is 67.4% 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 Shanghai Iluvatar CoreX Semiconductor Co and its competitors. For the Semiconductors industry, the median Days Payable is 54.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Iluvatar CoreX Semiconductor Co's current Days Payable is 17.65, which is 80% below median its own 10-year median of 87.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Iluvatar CoreX Semiconductor Co stock overvalued right now?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a current Days Payable of 17.65. The current Days Payable is 17.65, which is 80% below median its 10-year median of 87.17 and 67.4% below the Semiconductors industry median of 54.18. Shanghai Iluvatar CoreX Semiconductor Co's overall GF Score™ is 9/100 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 Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current Days Payable is 17.65 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 Iluvatar CoreX Semiconductor Co Business Description

Address No. 2168 Chenhang Road, Room 101, Building 3, Minhang District, Shanghai, CHN
Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. Geographically, it operates in Chinese Mainland; and Hong Kong, of which it derives maximum revenue from Chinese Mainland.
9GF Score

Get the complete analysis for HKSE:09903

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

HK$404.80
Price