Ballard Power Systems (XSWX:BLDP) Days Payable: 72.05 (As of Mar. 2026) — 47% Above Median


XSWX:BLDP Ballard Power Systems Inc XSWX:BLDP
69 GF Score
Price CHF3.12
GF Value CHF2.44
! 3 Warning Signs
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What is Ballard Power Systems Days Payable?

Ballard Power Systems XSWX:BLDP -7.14% 69 Days Payable is 72.05 as of Mar. 2026, which is 47% above its 10-year median of 49.12. GuruFocus rates XSWX:BLDP with a GF Score™ of 69/100 and a GF Value™ of CHF2.44. The stock has 3 warning signs investors should review. Among 2,997 Industrial Products companies, Ballard Power Systems ranks worse than 55.52% on this metric.

Ballard Power Systems's average Accounts Payable for the three months ended in Mar. 2026 was CHF10.36 Mil. Ballard Power Systems's Cost of Goods Sold for the three months ended in Mar. 2026 was CHF13.12 Mil. Hence, Ballard Power Systems's Days Payable for the three months ended in Mar. 2026 was 72.05.

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

XSWX:BLDP' s Days Payable Range Over the Past 10 Years
Min: 44.47   Med: 49.12   Max: 68.53
Current: 68.53

During the past 13 years, Ballard Power Systems's highest Days Payable was 68.53. The lowest was 44.47. And the median was 49.12.

XSWX:BLDP's Days Payable is ranked worse than
55.52% of 2997 companies
in the Industrial Products industry
Industry Median: 77.54 vs XSWX:BLDP: 68.53

Ballard Power Systems's Days Payable declined from Mar. 2025 (81.94) to Mar. 2026 (72.05). It may suggest that Ballard Power Systems accelerated paying its suppliers.


Ballard Power Systems Days Payable Historical Data

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The historical data trend for Ballard Power Systems'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.

Ballard Power Systems Days Payable Chart

Ballard Power Systems 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 45.25 65.15 52.52 50.97 50.08

Ballard Power Systems 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 81.94 100.98 62.38 48.84 72.05

XSWX:BLDP vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Ballard Power Systems'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.


Ballard Power Systems Days Payable vs Industrial Products Industry

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

* The bar in red indicates where Ballard Power Systems's Days Payable falls into.


XSWX:BLDP
69GF Score
Ballard Power Systems Inc XSWX:BLDP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ballard Power Systems 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.

Ballard Power Systems'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
=( (10.967 + 9.568) / 2 ) / 74.835*365
=10.2675 / 74.835*365
=50.08

Ballard Power Systems'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
=( (9.568 + 11.142) / 2 ) / 13.115*365 / 4
=10.355 / 13.115*365 / 4
=72.05

* 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 72.05 mean?
Ballard Power Systems (XSWX:BLDP) has a Days Payable of 72.05 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 Ballard Power Systems and its competitors. This is 47% above median its historical median of 49.12. Over the past decade, Ballard Power Systems' Days Payable has ranged from 44.47 to 68.53. According to the industry distribution chart, Ballard Power Systems ranks #1664 out of 2997 companies in the Industrial Products industry, placing it in the top 55.5%.
Is Ballard Power Systems' Days Payable too high?
Ballard Power Systems' current Days Payable of 72.05 is 47% above median its 10-year median of 49.12. Over the past 10 years, this metric has ranged from a low of 44.47 to a high of 68.53. The Industrial Products industry median Days Payable is 77.54. Ballard Power Systems' value of 72.05 is 7.1% below this industry median. Based on the distribution chart, Ballard Power Systems ranks #1664 out of 2997 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ballard Power Systems has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #1664 out of 2997 companies for Days Payable. This places Ballard Power Systems in the lower half of its industry. The industry median Days Payable is 77.54. Ballard Power Systems' value of 72.05 is 7.1% below this benchmark. Historically, Ballard Power Systems' own Days Payable has ranged from 44.47 to 68.53 over the past decade. While the company's 10-year median is 49.12 vs. the industry median of 77.54, Ballard Power Systems 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. Ballard Power Systems's current Days Payable of 72.05 is 7.1% 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 Ballard Power Systems 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. Ballard Power Systems's current Days Payable is 72.05, which is 47% above median its own 10-year median of 49.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Days Payable of 72.05. The stock's GF Value™ is CHF2.44, compared to a current price of CHF3.12 — trading 27.9% above its estimated fair value. The current Days Payable is 72.05, which is 47% above median its 10-year median of 49.12 and 7.1% below the Industrial Products industry median of 77.54. Ballard Power Systems' overall GF Score™ is 69/100 with 3 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 Ballard Power Systems (XSWX:BLDP), the current Days Payable is 72.05 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?

Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued. The current stock price of CHF3.12 is trading 27.9% above its estimated GF Value™ of CHF2.44.

Key valuation signals for XSWX:BLDP:

  • Days Payable: 72.05 (47% above median its 10-year median of 49.12)
  • GF Value™: CHF2.44 vs. price of CHF3.12 (27.9% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 7.1% below the Industrial Products median (#1664 of 2997)

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


Ballard Power Systems Business Description

Address 9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
69GF Score

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

CHF3.12
Price
CHF2.44
GF Value