Erayak Power Solution (RAYA) Payables (2021 - 2025)

Erayak Power Solution (RAYA) recorded quarterly Payables of $14.4 million in Q4 2025, up 666.38% quarter-over-quarter from $1.9 million in Q4 2024, and up 666.38% on a YoY basis from $1.9 million in Q4 2024.

Erayak Power Solution (RAYA) Payables (2021 - 2025) Analysis & Trends

Erayak Power Solution's Payables history runs 5 years deep, the most recent figure standing at $14.4 million for Q4 2025.

  • In Q4 2025, Payables rose 666.38% year-over-year to $14.4 million; the TTM figure through Dec 2025 stood at $14.4 million (up 666.38% YoY), while the FY2025 annual figure was $14.4 million, up 666.38% from the prior year.
  • Payables was $14.4 million for Q4 2025 at Erayak Power Solution, up from $1.9 million in the prior quarter.
  • In the past five years, Payables ranged from a high of $14.4 million in Q4 2025 to a low of $1.9 million in Q4 2024.
  • Historically, Payables has averaged $8.6 million across 5 years, with a median of $9.9 million in 2021.
  • The sharpest annual moves came in 2024 and 2025: Payables sank 67.4% in 2024, then jumped 666.38% in 2025.
  • A 5-year view of Payables shows it stood at $9.9 million in 2021, then climbed by 10.58% to $11.0 million in 2022, then slumped by 47.43% to $5.8 million in 2023, then tumbled by 67.4% to $1.9 million in 2024, then surged by 666.38% to $14.4 million in 2025.
  • The last three Payables figures came in at $14.4 million (Q4 2025), $1.9 million (Q4 2024), and $5.8 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 75.39 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 1.95 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 241.65 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 422.00 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 605.50 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 272.10 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 75.14 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 28.79 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 354.60 Mn
10 Erayak Power Solution - - - 14.39 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 14.39 Mn
Dec 31, 2024 1.88 Mn
Dec 31, 2023 5.76 Mn
Dec 31, 2022 10.96 Mn
Dec 31, 2021 9.91 Mn