HOG (Harley-Davidson) Days Payable: 46.46 (As of Mar. 2026) — 32% Above Median


HOG Harley-Davidson Inc HOG
79 GF Score
Price $26.40
GF Value $28.01
Valuation Fairly Valued
! 8 Warning Signs
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What is Harley-Davidson Days Payable?

Harley-Davidson HOG +3.33% 79 Days Payable is 46.46 as of Mar. 2026, which is 32% above its 10-year median of 35.19. GuruFocus rates HOG with a GF Score™ of 79/100 and a GF Value™ of $28.01 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Harley-Davidson ranks worse than 68.01% on this metric.

Harley-Davidson's average Accounts Payable for the three months ended in Mar. 2026 was $424 Mil. Harley-Davidson's Cost of Goods Sold for the three months ended in Mar. 2026 was $833 Mil. Hence, Harley-Davidson's Days Payable for the three months ended in Mar. 2026 was 46.46.

The historical rank and industry rank for Harley-Davidson's Days Payable or its related term are showing as below:

HOG' s Days Payable Range Over the Past 10 Years
Min: 23.88   Med: 35.19   Max: 47.08
Current: 47.08

During the past 13 years, Harley-Davidson's highest Days Payable was 47.08. The lowest was 23.88. And the median was 35.19.

HOG's Days Payable is ranked worse than
68.01% of 1313 companies
in the Vehicles & Parts industry
Industry Median: 67.12 vs HOG: 47.08

Harley-Davidson's Days Payable increased from Mar. 2025 (39.37) to Mar. 2026 (46.46). It may suggest that Harley-Davidson delayed paying its suppliers.


Harley-Davidson Days Payable Historical Data

* Premium members only.

The historical data trend for Harley-Davidson'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.

Harley-Davidson Days Payable Chart

Harley-Davidson Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.37 37.95 36.31 35.01 40.11

Harley-Davidson Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.37 43.80 37.05 60.53 46.46

HOG vs LCII, PATK, PII: Days Payable Comparison

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Days Payable distribution charts can be found below:

* The bar in red indicates where Harley-Davidson's Days Payable falls into.


HOG
79GF Score
Harley-Davidson Inc HOG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Harley-Davidson Days Payable Calculation

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.

Harley-Davidson's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (298.718 + 389.237) / 2 ) / 3130.457*365
=343.9775 / 3130.457*365
=40.11

Harley-Davidson's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (389.237 + 459.358) / 2 ) / 833.43*365 / 4
=424.2975 / 833.43*365 / 4
=46.46

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 46.46 mean?
Harley-Davidson (HOG) has a Days Payable of 46.46 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Harley-Davidson and its competitors. This is 32% above median its historical median of 35.19. Over the past decade, Harley-Davidson's Days Payable has ranged from 23.88 to 47.08. According to the industry distribution chart, Harley-Davidson ranks #893 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 68%.
Is Harley-Davidson's Days Payable too high?
Harley-Davidson's current Days Payable of 46.46 is 32% above median its 10-year median of 35.19. Over the past 10 years, this metric has ranged from a low of 23.88 to a high of 47.08. The Vehicles & Parts industry median Days Payable is 67.12. Harley-Davidson's value of 46.46 is 30.8% below this industry median. Based on the distribution chart, Harley-Davidson ranks #893 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Harley-Davidson has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harley-Davidson's Days Payable compare to LCII and PATK?
According to the Vehicles & Parts industry distribution chart, Harley-Davidson ranks #893 out of 1313 companies for Days Payable. This places Harley-Davidson in the lower half of its industry. The industry median Days Payable is 67.12. Harley-Davidson's value of 46.46 is 30.8% below this benchmark. Historically, Harley-Davidson's own Days Payable has ranged from 23.88 to 47.08 over the past decade. While the company's 10-year median is 35.19 vs. the industry median of 67.12, Harley-Davidson 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 Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.12, based on 1,313 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. Harley-Davidson's current Days Payable of 46.46 is 30.8% 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 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 Harley-Davidson and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harley-Davidson's current Days Payable is 46.46, which is 32% above median its own 10-year median of 35.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harley-Davidson stock overvalued right now?
Based on GuruFocus' analysis, Harley-Davidson (HOG) is currently considered Fairly Valued. The stock's GF Value™ is $28.01, compared to a current price of $26.40 — trading 5.7% below its estimated fair value. The current Days Payable is 46.46, which is 32% above median its 10-year median of 35.19 and 30.8% below the Vehicles & Parts industry median of 67.12. Harley-Davidson's overall GF Score™ is 79/100 with 8 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 Harley-Davidson (HOG), the current Days Payable is 46.46 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 Harley-Davidson (HOG) Overvalued in 2026?

Based on GuruFocus' analysis, Harley-Davidson stock appears to be undervalued. The current stock price of $26.40 is trading 5.7% below its estimated GF Value™ of $28.01. GuruFocus considers Harley-Davidson to be Fairly Valued.

Key valuation signals for HOG:

  • Days Payable: 46.46 (32% above median its 10-year median of 35.19)
  • GF Value™: $28.01 vs. price of $26.40 (5.7% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 30.8% below the Vehicles & Parts median (#893 of 1313)

No single metric tells the full story. See the HOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harley-Davidson Business Description

Address 3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a leading global manufacturer of heavyweight motorcycles across the custom, cruising, and touring categories, as well as related merchandise, parts, and accessories. In recent years, the firm has expanded into the adventure touring market with its Pan America model, into electric with the LiveWire brand, and is returning to smaller-displacement bikes with the Sprint. Its captive finance arm, Harley-Davidson Financial Services, provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captured around 34% of the heavyweight domestic market in 2025.
79GF Score

Get the complete analysis for HOG

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.40
Price
$28.01
GF Value