Hoymiles Power Electronics (SHSE:688032) Days Payable: 134.57 (As of Mar. 2026) — 19% Below Median


SHSE:688032 Hoymiles Power Electronics Inc SHSE:688032
81 GF Score
Price ¥79.30
GF Value ¥198.28
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Hoymiles Power Electronics Days Payable?

Hoymiles Power Electronics SHSE:688032 +1.69% 81 Days Payable is 134.57 as of Mar. 2026, which is 19% below its 10-year median of 165.73. GuruFocus rates SHSE:688032 with a GF Score™ of 81/100 and a GF Value™ of ¥198.28 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,994 Industrial Products companies, Hoymiles Power Electronics ranks better than 77.29% on this metric.

Hoymiles Power Electronics's average Accounts Payable for the three months ended in Mar. 2026 was ¥1,247 Mil. Hoymiles Power Electronics's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥845 Mil. Hence, Hoymiles Power Electronics's Days Payable for the three months ended in Mar. 2026 was 134.57.

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

SHSE:688032' s Days Payable Range Over the Past 10 Years
Min: 122.62   Med: 165.73   Max: 274.85
Current: 154.91

During the past 9 years, Hoymiles Power Electronics's highest Days Payable was 274.85. The lowest was 122.62. And the median was 165.73.

SHSE:688032's Days Payable is ranked better than
77.29% of 2994 companies
in the Industrial Products industry
Industry Median: 78.045 vs SHSE:688032: 154.91

Hoymiles Power Electronics's Days Payable declined from Mar. 2025 (383.58) to Mar. 2026 (134.57). It may suggest that Hoymiles Power Electronics accelerated paying its suppliers.


Hoymiles Power Electronics Days Payable Historical Data

* Premium members only.

The historical data trend for Hoymiles Power Electronics'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.

Hoymiles Power Electronics Days Payable Chart

Hoymiles Power Electronics Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 156.15 163.95 165.73 274.85 266.39

Hoymiles Power Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 383.58 117.63 244.01 140.55 134.57

SHSE:688032 vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Hoymiles Power Electronics'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.


Hoymiles Power Electronics Days Payable vs Industrial Products Industry

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

* The bar in red indicates where Hoymiles Power Electronics's Days Payable falls into.


SHSE:688032
81GF Score
Hoymiles Power Electronics Inc SHSE:688032
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoymiles Power Electronics 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.

Hoymiles Power Electronics'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
=( (1207.562 + 902.15) / 2 ) / 1445.36*365
=1054.856 / 1445.36*365
=266.39

Hoymiles Power Electronics's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (902.15 + 1591.13) / 2 ) / 845.323*365 / 4
=1246.64 / 845.323*365 / 4
=134.57

* 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 134.57 mean?
Hoymiles Power Electronics (SHSE:688032) has a Days Payable of 134.57 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 Hoymiles Power Electronics and its competitors. This is 19% below median its historical median of 165.73. Over the past decade, Hoymiles Power Electronics' Days Payable has ranged from 122.62 to 274.85. According to the industry distribution chart, Hoymiles Power Electronics ranks #680 out of 2994 companies in the Industrial Products industry, placing it in the top 22.7%.
Is Hoymiles Power Electronics' Days Payable too high?
Hoymiles Power Electronics' current Days Payable of 134.57 is 19% below median its 10-year median of 165.73. Over the past 10 years, this metric has ranged from a low of 122.62 to a high of 274.85. The Industrial Products industry median Days Payable is 78.05. Hoymiles Power Electronics' value of 134.57 is 72.4% above this industry median. Based on the distribution chart, Hoymiles Power Electronics ranks #680 out of 2994 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hoymiles Power Electronics has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoymiles Power Electronics' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hoymiles Power Electronics ranks #680 out of 2994 companies for Days Payable. This places Hoymiles Power Electronics in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 78.05. Hoymiles Power Electronics' value of 134.57 is 72.4% above this benchmark. Historically, Hoymiles Power Electronics' own Days Payable has ranged from 122.62 to 274.85 over the past decade. While the company's 10-year median is 165.73 vs. the industry median of 78.05, Hoymiles Power Electronics 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 78.05, based on 2,994 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. Hoymiles Power Electronics's current Days Payable of 134.57 is 72.4% 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 Hoymiles Power Electronics and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoymiles Power Electronics's current Days Payable is 134.57, which is 19% below median its own 10-year median of 165.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoymiles Power Electronics stock overvalued right now?
Based on GuruFocus' analysis, Hoymiles Power Electronics (SHSE:688032) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥198.28, compared to a current price of ¥79.30 — trading 60% below its estimated fair value. The current Days Payable is 134.57, which is 19% below median its 10-year median of 165.73 and 72.4% above the Industrial Products industry median of 78.05. Hoymiles Power Electronics' overall GF Score™ is 81/100 with 5 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 Hoymiles Power Electronics (SHSE:688032), the current Days Payable is 134.57 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 Hoymiles Power Electronics (SHSE:688032) Overvalued in 2026?

Based on GuruFocus' analysis, Hoymiles Power Electronics stock appears to be undervalued. The current stock price of ¥79.30 is trading 60% below its estimated GF Value™ of ¥198.28. GuruFocus considers Hoymiles Power Electronics to be Significantly Undervalued.

Key valuation signals for SHSE:688032:

  • Days Payable: 134.57 (19% below median its 10-year median of 165.73)
  • GF Value™: ¥198.28 vs. price of ¥79.30 (60% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 72.4% above the Industrial Products median (#680 of 2994)

No single metric tells the full story. See the SHSE:688032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoymiles Power Electronics Business Description

Address No. 18 Kangjing Road, 3rd Floor, Building 11, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310015
Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing, and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products.
81GF Score

Get the complete analysis for SHSE:688032

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

¥79.30
Price
¥198.28
GF Value