SmartgroupASX:SIQ -1.49%89 Days Payable is 963.36 as of Dec. 2025, which is 152% above its 10-year median of 381.82. GuruFocus rates ASX:SIQ with a GF Score™ of 89/100 and a GF Value™ of A$9.80 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 943 Business Services companies, Smartgroup ranks better than 96.08% on this metric.
Smartgroup's average Accounts Payable for the
six
months ended in Dec. 2025 was A$28.0 Mil. Smartgroup's Cost of Goods Sold for the
six
months ended in Dec. 2025 was A$5.3 Mil.
Hence, Smartgroup's Days Payable for the
six
months ended in Dec. 2025 was 963.36.
The historical rank and industry rank for Smartgroup's Days Payable or its related term are showing as below:
ASX:SIQ'
s Days Payable Range Over the Past 10 Years
Min: 87.52 Med: 381.82 Max: 649.56
Current: 649.56
During the past 12 years, Smartgroup's highest Days Payable was 649.56. The lowest was 87.52. And the median was 381.82.
ASX:SIQ's Days Payable is ranked better than 96.08% of 943
companies
in the Business Services industry
Industry Median: 46.92
vs ASX:SIQ: 649.56
Smartgroup's Days Payable
increased
from Dec. 2024 (588.25) to Dec. 2025 (963.36).
It may suggest that Smartgroupdelayed paying its suppliers.
Smartgroup Days Payable Related Terms
Smartgroup Days Payable Historical Data
* Premium members only.
The historical data trend for Smartgroup'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.
ASX:SIQ vs CTAS, CPRT, ULS: Days Payable Comparison
For the Specialty Business Services subindustry, Smartgroup'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.
Smartgroup Days Payable vs Business Services Industry
For the Business Services industry and Industrials sector, Smartgroup's Days Payable distribution charts can be found below:
* The bar in red indicates where Smartgroup's Days Payable falls into.
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.
Smartgroup's Days Payable for the fiscal year that ended in Dec. 2025 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.
Smartgroup (ASX:SIQ) has a Days Payable of 963.36 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Smartgroup and its competitors. This is 152% above median its historical median of 381.82. Over the past decade, Smartgroup's Days Payable has ranged from 87.52 to 649.56. According to the industry distribution chart, Smartgroup ranks #37 out of 943 companies in the Business Services industry, placing it in the top 3.9%.
Is Smartgroup's Days Payable too high?
Smartgroup's current Days Payable of 963.36 is 152% above median its 10-year median of 381.82. Over the past 10 years, this metric has ranged from a low of 87.52 to a high of 649.56. The Business Services industry median Days Payable is 46.92. Smartgroup's value of 963.36 is 1953.2% above this industry median. Based on the distribution chart, Smartgroup ranks #37 out of 943 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Smartgroup has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartgroup's Days Payable compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Smartgroup ranks #37 out of 943 companies for Days Payable. This places Smartgroup in the top 4% of its industry — outperforming the majority of peers. The industry median Days Payable is 46.92. Smartgroup's value of 963.36 is 1953.2% above this benchmark. Historically, Smartgroup's own Days Payable has ranged from 87.52 to 649.56 over the past decade. While the company's 10-year median is 381.82 vs. the industry median of 46.92, Smartgroup has consistently been above 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 a Business Services company?
The median Days Payable among Business Services companies is 46.92, based on 943 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. Smartgroup's current Days Payable of 963.36 is 1953.2% above 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 Smartgroup and its competitors. For the Business Services industry, the median Days Payable is 46.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartgroup's current Days Payable is 963.36, which is 152% above median its own 10-year median of 381.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartgroup stock overvalued right now?
Based on GuruFocus' analysis, Smartgroup (ASX:SIQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$9.80, compared to a current price of A$12.60 — trading 28.6% above its estimated fair value. The current Days Payable is 963.36, which is 152% above median its 10-year median of 381.82 and 1953.2% above the Business Services industry median of 46.92. Smartgroup's overall GF Score™ is 89/100 with 6 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 Smartgroup (ASX:SIQ), the current Days Payable is 963.36 as of Dec. 2025. 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 Smartgroup (ASX:SIQ) Overvalued in 2026?
Based on GuruFocus' analysis, Smartgroup stock appears to be overvalued.
The current stock price of A$12.60 is trading 28.6% above its estimated GF Value™ of A$9.80.
GuruFocus considers Smartgroup to be Modestly Overvalued.
Key valuation signals for ASX:SIQ:
Days Payable: 963.36 (152% above median its 10-year median of 381.82)
GF Value™: A$9.80 vs. price of A$12.60 (28.6% above fair value)
Industry Position: 1953.2% above the Business Services median (#37 of 943)
No single metric tells the full story. See the ASX:SIQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, and vehicle services, or VS. Most of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. The VS segment provides end-to-end vehicle fleet management services.
89GF Score
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