Spar GroupJSE:SPP +7.16%52 Days Inventory is 14.01 as of Mar. 2026, which is 16% below its 10-year median of 16.76. GuruFocus rates JSE:SPP with a GF Score™ of 52/100 and a GF Value™ of R107.97 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 299 Retail - Defensive companies, Spar Group ranks better than 87.63% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Spar Group's Average Total Inventories for the
six
months ended in Mar. 2026 was R4,635 Mil. Spar Group's Cost of Goods Sold for the
six
months ended in Mar. 2026 was R60,371 Mil.
Hence, Spar Group's Days Inventory for the
six
months ended in Mar. 2026 was 14.01.
The historical rank and industry rank for Spar Group's Days Inventory or its related term are showing as below:
JSE:SPP'
s Days Inventory Range Over the Past 10 Years
Min: 13.84 Med: 16.76 Max: 20.45
Current: 14.26
During the past 13 years, Spar Group's highest Days Inventory was 20.45. The lowest was 13.84. And the median was 16.76.
JSE:SPP's Days Inventory is ranked better than 87.63% of 299
companies
in the Retail - Defensive industry
Industry Median: 41.1
vs JSE:SPP: 14.26
Spar Group's Days Inventory
declined
from Mar. 2025 (17.42) to Mar. 2026 (14.01).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Spar Group's Inventory Turnover for the
six
months ended in Mar. 2026 was 13.02.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Spar Group's Inventory-to-Revenue for the
six
months ended in Mar. 2026 was 0.07.
Spar Group (JSE:SPP) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Spar Group's Inventory Turnover for the
six
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Spar Group's Inventory to Revenue for the
six
months ended in Mar. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Spar Group Days Inventory Related Terms
Spar Group Days Inventory Historical Data
* Premium members only.
The historical data trend for Spar Group's Days Inventory 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.
JSE:SPP vs SYY, USFD, PFGC: Days Inventory Comparison
For the Food Distribution subindustry, Spar Group's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Spar Group Days Inventory vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Spar Group's Days Inventory falls into.
* 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.
Spar Group (JSE:SPP) has a Days Inventory of 14.01 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Spar Group and its competitors. This is 16% below median its historical median of 16.76. Over the past decade, Spar Group's Days Inventory has ranged from 13.84 to 20.45. According to the industry distribution chart, Spar Group ranks #37 out of 299 companies in the Retail - Defensive industry, placing it in the top 12.4%.
Is Spar Group's Days Inventory too high?
Spar Group's current Days Inventory of 14.01 is 16% below median its 10-year median of 16.76. Over the past 10 years, this metric has ranged from a low of 13.84 to a high of 20.45. The Retail - Defensive industry median Days Inventory is 41.10. Spar Group's value of 14.01 is 65.9% below this industry median. Based on the distribution chart, Spar Group ranks #37 out of 299 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Spar Group has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Days Inventory compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #37 out of 299 companies for Days Inventory. This places Spar Group in the top 12% of its industry — outperforming the majority of peers. The industry median Days Inventory is 41.10. Spar Group's value of 14.01 is 65.9% below this benchmark. Historically, Spar Group's own Days Inventory has ranged from 13.84 to 20.45 over the past decade. While the company's 10-year median is 16.76 vs. the industry median of 41.10, Spar Group 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 Inventory for a Retail - Defensive company?
The median Days Inventory among Retail - Defensive companies is 41.10, based on 299 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spar Group's current Days Inventory of 14.01 is 65.9% 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 Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median Days Inventory is 41.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current Days Inventory is 14.01, which is 16% below median its own 10-year median of 16.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spar Group stock overvalued right now?
Based on GuruFocus' analysis, Spar Group (JSE:SPP) is currently considered Significantly Undervalued. The stock's GF Value™ is R107.97, compared to a current price of R49.41 — trading 54.2% below its estimated fair value. The current Days Inventory is 14.01, which is 16% below median its 10-year median of 16.76 and 65.9% below the Retail - Defensive industry median of 41.10. Spar Group's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Days Inventory is 14.01 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 Spar Group (JSE:SPP) Overvalued in 2026?
Based on GuruFocus' analysis, Spar Group stock appears to be undervalued.
The current stock price of R49.41 is trading 54.2% below its estimated GF Value™ of R107.97.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
Days Inventory: 14.01 (16% below median its 10-year median of 16.76)
GF Value™: R107.97 vs. price of R49.41 (54.2% below fair value)
Industry Position: 65.9% below the Retail - Defensive median (#37 of 299)
No single metric tells the full story. See the JSE:SPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
52GF Score
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