Erayak Power Solution Group Inc. (RAYA) Key Metrics
RAYA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.5M
- Enterprise value
- $9.8M
- P/E (TTM)
- —
- Forward P/E
- 2.5
- PEG ratio
- —
- Price / sales
- 0.1
- Price / book
- 0.1
- EV / EBITDA
- 40.0
- Dividend yield
- —
- Beta
- 1.24
RAYA key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRAYA returns How much profit the business earns on the capital it uses.
RAYA financial health Debt, liquidity and how easily interest is covered.
RAYA efficiency & capital use Working capital cycle and where the cash goes.
RAYA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RAYA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RAYA key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Share price at fiscal year-end | $38.00 | $2,992.00 | $2,420.00 | $4,378.00 | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −4.5% | −4.8% | 6.2% | 26.5% | 66.1% | 101.9% | 98.1% |
| Return on invested capital (ROIC) | −3.1% | −5.2% | 3.3% | 20.5% | 23.1% | 16.3% | 9.0% |
| Return on assets (ROA) | −2.6% | −2.7% | 3.3% | 11.4% | 14.9% | 12.5% | 7.1% |
| Return on tangible assets | −2.4% | −2.4% | 3.5% | 9.2% | 14.5% | 10.0% | 7.1% |
| Free cash flow margin | −48.1% | −54.2% | 29.6% | −18.0% | 23.6% | −57.4% | 1.8% |
| Income quality (OCF / net income) | — | — | 5.52 | −1.19 | 1.37 | −3.58 | 0.56 |
| Financial health | |||||||
| Total debt | $12.5M | $5.1M | $2.2M | $10.8M | $10.5M | $12.6M | $8.6M |
| Cash & short-term investments | $4.7M | $532,605 | $5.9M | $7.0M | $5.2M | $460,522 | $1.0M |
| Net debt | $7.8M | $4.6M | −$3.7M | $3.8M | $5.3M | $12.2M | $7.6M |
| Debt / equity | 0.35 | 0.19 | 0.11 | 0.56 | 1.52 | 3.74 | 8.86 |
| Debt / assets | 0.21 | 0.11 | 0.06 | 0.29 | 0.45 | 0.57 | 0.64 |
| Net debt / EBITDA | 31.80 | 51.27 | −1.32 | 0.77 | 1.43 | 4.04 | 5.91 |
| Current ratio | 2.09 | 2.13 | 1.67 | 1.56 | 1.14 | 0.69 | 0.34 |
| Quick ratio | 1.62 | 1.56 | 1.14 | 1.22 | 0.81 | 0.60 | 0.22 |
| Interest coverage | -4.3 | -10.4 | 1.5 | 8.0 | 8.2 | 8.8 | 16.9 |
| Working capital | $22.6M | $17.6M | $8.9M | $10.2M | $1.6M | −$5.3M | −$7.3M |
| Invested capital | $43.0M | $31.2M | $16.5M | $23.1M | $12.2M | $15.5M | $8.5M |
| Tangible asset value | $32.6M | $26.5M | $20.2M | $19.3M | $6.9M | $3.4M | $966,242 |
| Net current asset value | $19.2M | $13.6M | $7.0M | $10.0M | −$3.1M | −$6.8M | −$8.8M |
| Capital allocation | |||||||
| Capex / revenue | 34.3% | 1.8% | 3.5% | 2.6% | 1.3% | 1.3% | 4.1% |
| Capex / operating cash flow | — | — | 10.5% | — | 5.3% | — | 69.4% |
| Capex / depreciation | 6.20 | 0.49 | 0.79 | 0.88 | 0.32 | 1.26 | 3.11 |
| Stock-based compensation / revenue | — | — | — | — | 0.3% | 0.1% | — |
| R&D / revenue | 7.0% | 5.5% | 5.8% | 3.5% | 5.3% | 4.3% | 5.7% |
| SG&A / revenue | 20.4% | 10.3% | 13.7% | 5.6% | 5.7% | 5.8% | 9.4% |
| Efficiency | |||||||
| Days sales outstanding | 242.9 | 119.9 | 149.4 | 81.6 | 69.0 | 84.0 | 51.4 |
| Days of inventory on hand | 188.4 | 110.3 | 157.6 | 91.1 | 78.9 | 52.1 | 68.2 |
| Days payables outstanding | 147.8 | 97.3 | 123.6 | 79.9 | 104.1 | 105.7 | 149.4 |
| Cash conversion cycle (days) | 283.5 | 132.9 | 183.4 | 92.8 | 43.9 | 30.3 | -29.9 |
| Receivables turnover | 1.50 | 3.04 | 2.44 | 4.47 | 5.29 | 4.35 | 7.11 |
| Payables turnover | 2.47 | 3.75 | 2.95 | 4.57 | 3.51 | 3.45 | 2.44 |
| Inventory turnover | 1.94 | 3.31 | 2.32 | 4.01 | 4.62 | 7.01 | 5.35 |
| Asset turnover | 0.43 | 0.75 | 0.56 | 0.88 | 0.82 | 0.79 | 0.67 |
| Average receivables | $15.2M | $10.0M | $8.3M | $6.0M | $3.5M | $3.2M | $1.3M |
| Average payables | $7.3M | $7.0M | $5.2M | $4.4M | $3.7M | $3.0M | $2.7M |
| Average inventory | $9.3M | $7.9M | $6.6M | $5.1M | $2.8M | $1.5M | $1.3M |
| Intangibles / total assets | 4.5% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.0% |
Computed from RAYA's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RAYA valuation and financial ratios
Erayak Power Solution earned a return on equity of −4.5% and a return on invested capital of −3.1% in fiscal 2025. It ended the year with $12.5 million of debt and $4.7 million in cash and short-term investments, net debt of $7.8 million.
See the RAYA income statement, the RAYA chart for price history, or the RAYA stock overview for the latest quote and news.
RAYA key metrics FAQ
What is Erayak Power Solution's return on equity?
Erayak Power Solution's return on equity (ROE) was −4.5% in fiscal 2025: net income of -$1.4 million on average shareholders' equity of $30.9 million.
What is Erayak Power Solution's ROIC?
Erayak Power Solution's return on invested capital was −3.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Erayak Power Solution have?
Erayak Power Solution had total debt of $12.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.35 and $7.8 million of net debt (31.80 times EBITDA).
What is Erayak Power Solution's current ratio?
Erayak Power Solution's current ratio was 2.09 at the end of fiscal 2025: current assets were 2.09 times current liabilities.