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| Date | Value |
|---|---|
| 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 |