Laplace Renewable Energy Technology Co (SHSE:688726) Days Payable: 292.37 (As of Jun. 2026) — 32% 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.

SHSE:688726 Laplace Renewable Energy Technology Co Ltd SHSE:688726
17 GF Score
Price ¥46.55
! 5 Warning Signs
View Full Analysis

What is Laplace Renewable Energy Technology Co Days Payable?

Laplace Renewable Energy Technology Co SHSE:688726 -2.21% 17 Days Payable is 292.37 as of Jun. 2026, which is 32% below its 10-year median of 428.49. GuruFocus rates SHSE:688726 with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 3,002 Industrial Products companies, Laplace Renewable Energy Technology Co ranks better than 88.07% on this metric.

Laplace Renewable Energy Technology Co's average Accounts Payable for the three months ended in Jun. 2026 was ¥2,776 Mil. Laplace Renewable Energy Technology Co's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥866 Mil. Hence, Laplace Renewable Energy Technology Co's Days Payable for the three months ended in Jun. 2026 was 292.37.

The historical rank and industry rank for Laplace Renewable Energy Technology Co's Days Payable or its related term are showing as below:

SHSE:688726' s Days Payable Range Over the Past 10 Years
Min: 184.84   Med: 428.49   Max: 609.87
Current: 274.84

During the past 6 years, Laplace Renewable Energy Technology Co's highest Days Payable was 609.87. The lowest was 184.84. And the median was 428.49.

SHSE:688726's Days Payable is ranked better than
88.07% of 3002 companies
in the Industrial Products industry
Industry Median: 77.54 vs SHSE:688726: 274.84

Laplace Renewable Energy Technology Co's Days Payable increased from Jun. 2025 (163.77) to Jun. 2026 (292.37). It may suggest that Laplace Renewable Energy Technology Co delayed paying its suppliers.


Laplace Renewable Energy Technology Co Days Payable Related Terms


Laplace Renewable Energy Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Laplace Renewable Energy Technology 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.

Laplace Renewable Energy Technology Co Days Payable Chart

Laplace Renewable Energy Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 609.87 0.00 448.08 196.95 184.84

Laplace Renewable Energy Technology Co Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 163.77 248.76 218.14 298.77 292.37

SHSE:688726 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Laplace Renewable Energy Technology 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.


Laplace Renewable Energy Technology Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Laplace Renewable Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Laplace Renewable Energy Technology Co's Days Payable falls into.


SHSE:688726
17GF Score
Laplace Renewable Energy Technology Co Ltd SHSE:688726
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Laplace Renewable Energy Technology 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.

Laplace Renewable Energy Technology 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
=( (1840.798 + 2066.161) / 2 ) / 3857.434*365
=1953.4795 / 3857.434*365
=184.84

Laplace Renewable Energy Technology Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (2104.145 + 3447.037) / 2 ) / 866.268*365 / 4
=2775.591 / 866.268*365 / 4
=292.37

* 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 292.37 mean?
Laplace Renewable Energy Technology Co (SHSE:688726) has a Days Payable of 292.37 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Laplace Renewable Energy Technology Co and its competitors. This is 32% below median its historical median of 428.49. Over the past decade, Laplace Renewable Energy Technology Co's Days Payable has ranged from 184.84 to 609.87. According to the industry distribution chart, Laplace Renewable Energy Technology Co ranks #358 out of 3002 companies in the Industrial Products industry, placing it in the top 11.9%.
Is Laplace Renewable Energy Technology Co's Days Payable too high?
Laplace Renewable Energy Technology Co's current Days Payable of 292.37 is 32% below median its 10-year median of 428.49. Over the past 10 years, this metric has ranged from a low of 184.84 to a high of 609.87. The Industrial Products industry median Days Payable is 77.54. Laplace Renewable Energy Technology Co's value of 292.37 is 277.1% above this industry median. Based on the distribution chart, Laplace Renewable Energy Technology Co ranks #358 out of 3002 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Laplace Renewable Energy Technology Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Laplace Renewable Energy Technology Co's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Laplace Renewable Energy Technology Co ranks #358 out of 3002 companies for Days Payable. This places Laplace Renewable Energy Technology Co in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 77.54. Laplace Renewable Energy Technology Co's value of 292.37 is 277.1% above this benchmark. Historically, Laplace Renewable Energy Technology Co's own Days Payable has ranged from 184.84 to 609.87 over the past decade. While the company's 10-year median is 428.49 vs. the industry median of 77.54, Laplace Renewable Energy Technology 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 3,002 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. Laplace Renewable Energy Technology Co's current Days Payable of 292.37 is 277.1% 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 Laplace Renewable Energy Technology Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laplace Renewable Energy Technology Co's current Days Payable is 292.37, which is 32% below median its own 10-year median of 428.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laplace Renewable Energy Technology Co stock overvalued right now?
Laplace Renewable Energy Technology Co (SHSE:688726) has a current Days Payable of 292.37. The current Days Payable is 292.37, which is 32% below median its 10-year median of 428.49 and 277.1% above the Industrial Products industry median of 77.54. Laplace Renewable Energy Technology Co's overall GF Score™ is 17/100 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 Laplace Renewable Energy Technology Co (SHSE:688726), the current Days Payable is 292.37 as of Jun. 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.

Laplace Renewable Energy Technology Co Business Description

Address No. 1, Jikang Road, Kengzi Street, Pingshan District, Guangdong, Shenzhen, CHN, 518122
Laplace Renewable Energy Technology Co Ltd is engaged in research & develoment, production and sales of high-performance thermal processes, coatings and supporting automation equipment required for photovoltaic cell manufacturing.
17GF Score

Get the complete analysis for SHSE:688726

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

¥46.55
Price