RAYA (Erayak Power Solution Group) Days Payable : 115.35 (As of Jun. 2024)

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What is Erayak Power Solution Group Days Payable?

Erayak Power Solution Group's average Accounts Payable for the six months ended in Jun. 2024 was $6.82 Mil. Erayak Power Solution Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $10.80 Mil. Hence, Erayak Power Solution Group's Days Payable for the six months ended in Jun. 2024 was 115.35.

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

RAYA' s Days Payable Range Over the Past 10 Years
Min: 79.88 Med: 105.26 Max: 149.4
Current: 110.09

During the past 5 years, Erayak Power Solution Group's highest Days Payable was 149.40. The lowest was 79.88. And the median was 105.26.

RAYA's Days Payable is ranked better than
66.51% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs RAYA: 110.09

Erayak Power Solution Group's Days Payable declined from Jun. 2023 (119.99) to Jun. 2024 (115.35). It may suggest that Erayak Power Solution Group accelerated paying its suppliers.

Erayak Power Solution Group Days Payable Historical Data

The historical data trend for Erayak Power Solution 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.

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Erayak Power Solution Group Days Payable Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

149.40

105.26

104.13

79.88

124.28

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial					94.43	60.75	119.99	101.60	115.35

Competitive Comparison of Erayak Power Solution Group's Days Payable

For the Electrical Equipment & Parts subindustry, Erayak Power Solution 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.

Erayak Power Solution Group's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Erayak Power Solution Group's Days Payable falls into.

Erayak Power Solution 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.

Erayak Power Solution Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.729	+	5.689)	/	2 )	/	15.299	*	365
=	5.209					/	15.299	*	365
=	124.28

Erayak Power Solution Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (5.689	+	7.958)	/	2 )	/	10.796	*	365 / 2
=	6.8235					/	10.796	*	365 / 2
=	115.35

Erayak Power Solution Group Days Payable Related Terms

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Erayak Power Solution Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators. The company geographically operates in China, Australia, Poland, U.K., and Germany. It derives maximum revenue from China.