Jinko Solar Co (SHSE:688223) Days Payable: 251.41 (As of Mar. 2026) — 44% Above Median


SHSE:688223 Jinko Solar Co Ltd SHSE:688223
78 GF Score
Price ¥4.39
GF Value ¥5.01
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Jinko Solar Co Days Payable?

Jinko Solar Co SHSE:688223 +2.33% 78 Days Payable is 251.41 as of Mar. 2026, which is 44% above its 10-year median of 174.44. GuruFocus rates SHSE:688223 with a GF Score™ of 78/100 and a GF Value™ of ¥5.01 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 998 Semiconductors companies, Jinko Solar Co ranks better than 88.38% on this metric.

Jinko Solar Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥31,666 Mil. Jinko Solar Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥11,494 Mil. Hence, Jinko Solar Co's Days Payable for the three months ended in Mar. 2026 was 251.41.

The historical rank and industry rank for Jinko Solar Co's Days Payable or its related term are showing as below:

SHSE:688223' s Days Payable Range Over the Past 10 Years
Min: 144.61   Med: 174.44   Max: 208.95
Current: 175.77

During the past 13 years, Jinko Solar Co's highest Days Payable was 208.95. The lowest was 144.61. And the median was 174.44.

SHSE:688223's Days Payable is ranked better than
88.38% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs SHSE:688223: 175.77

Jinko Solar Co's Days Payable increased from Mar. 2025 (192.77) to Mar. 2026 (251.41). It may suggest that Jinko Solar Co delayed paying its suppliers.


Jinko Solar Co Days Payable Historical Data

* Premium members only.

The historical data trend for Jinko Solar 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.

Jinko Solar Co Days Payable Chart

Jinko Solar Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 203.12 144.61 148.84 171.78 177.09

Jinko Solar Co 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 192.77 145.23 177.55 159.00 251.41

SHSE:688223 vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Jinko Solar 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.


Jinko Solar Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Jinko Solar Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinko Solar Co's Days Payable falls into.


SHSE:688223
78GF Score
Jinko Solar Co Ltd SHSE:688223
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Jinko Solar 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.

Jinko Solar 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
=( (32373.131 + 31555.933) / 2 ) / 65881.786*365
=31964.532 / 65881.786*365
=177.09

Jinko Solar Co'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
=( (31555.933 + 31777.05) / 2 ) / 11493.625*365 / 4
=31666.4915 / 11493.625*365 / 4
=251.41

* 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 251.41 mean?
Jinko Solar Co (SHSE:688223) has a Days Payable of 251.41 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 Jinko Solar Co and its competitors. This is 44% above median its historical median of 174.44. Over the past decade, Jinko Solar Co's Days Payable has ranged from 144.61 to 208.95. According to the industry distribution chart, Jinko Solar Co ranks #116 out of 998 companies in the Semiconductors industry, placing it in the top 11.6%.
Is Jinko Solar Co's Days Payable too high?
Jinko Solar Co's current Days Payable of 251.41 is 44% above median its 10-year median of 174.44. Over the past 10 years, this metric has ranged from a low of 144.61 to a high of 208.95. The Semiconductors industry median Days Payable is 52.98. Jinko Solar Co's value of 251.41 is 374.5% above this industry median. Based on the distribution chart, Jinko Solar Co ranks #116 out of 998 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Jinko Solar Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinko Solar Co's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Jinko Solar Co ranks #116 out of 998 companies for Days Payable. This places Jinko Solar Co in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.98. Jinko Solar Co's value of 251.41 is 374.5% above this benchmark. Historically, Jinko Solar Co's own Days Payable has ranged from 144.61 to 208.95 over the past decade. While the company's 10-year median is 174.44 vs. the industry median of 52.98, Jinko Solar Co 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 a Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Jinko Solar Co's current Days Payable of 251.41 is 374.5% 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 Jinko Solar Co and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jinko Solar Co's current Days Payable is 251.41, which is 44% above median its own 10-year median of 174.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinko Solar Co stock overvalued right now?
Based on GuruFocus' analysis, Jinko Solar Co (SHSE:688223) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.01, compared to a current price of ¥4.39 — trading 12.4% below its estimated fair value. The current Days Payable is 251.41, which is 44% above median its 10-year median of 174.44 and 374.5% above the Semiconductors industry median of 52.98. Jinko Solar Co's overall GF Score™ is 78/100 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 Jinko Solar Co (SHSE:688223), the current Days Payable is 251.41 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 Jinko Solar Co (SHSE:688223) Overvalued in 2026?

Based on GuruFocus' analysis, Jinko Solar Co stock appears to be undervalued. The current stock price of ¥4.39 is trading 12.4% below its estimated GF Value™ of ¥5.01. GuruFocus considers Jinko Solar Co to be Modestly Undervalued.

Key valuation signals for SHSE:688223:

  • Days Payable: 251.41 (44% above median its 10-year median of 174.44)
  • GF Value™: ¥5.01 vs. price of ¥4.39 (12.4% below fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 374.5% above the Semiconductors median (#116 of 998)

No single metric tells the full story. See the SHSE:688223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinko Solar Co Business Description

Address No. 1, Lane 1466, Shenchang Road, Jinko Center, Minhang District, Shanghai, CHN, 201106
Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2025. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.
78GF Score

Get the complete analysis for SHSE:688223

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

¥4.39
Price
¥5.01
GF Value