SpurJSE:SUR -0.19%89 Days Payable is 31.91 as of Dec. 2025, which is 21% below its 10-year median of 40.59. GuruFocus rates JSE:SUR with a GF Score™ of 89/100 and a GF Value™ of R40.56 (Fairly Valued). The stock has 9 warning signs investors should review. Among 352 Restaurants companies, Spur ranks worse than 55.97% on this metric.
Spur's average Accounts Payable for the
six
months ended in Dec. 2025 was R261 Mil. Spur's Cost of Goods Sold for the
six
months ended in Dec. 2025 was R1,493 Mil.
Hence, Spur's Days Payable for the
six
months ended in Dec. 2025 was 31.91.
The historical rank and industry rank for Spur's Days Payable or its related term are showing as below:
JSE:SUR'
s Days Payable Range Over the Past 10 Years
Min: 24.3 Med: 40.59 Max: 172.68
Current: 32.18
During the past 13 years, Spur's highest Days Payable was 172.68. The lowest was 24.30. And the median was 40.59.
JSE:SUR's Days Payable is ranked worse than 55.97% of 352
companies
in the Restaurants industry
Industry Median: 35.46
vs JSE:SUR: 32.18
Spur's Days Payable
increased
from Dec. 2024 (26.92) to Dec. 2025 (31.91).
It may suggest that Spurdelayed paying its suppliers.
Spur Days Payable Related Terms
Spur Days Payable Historical Data
* Premium members only.
The historical data trend for Spur'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.
JSE:SUR vs MCD, SBUX, YUM: Days Payable Comparison
For the Restaurants subindustry, Spur'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.
Spur Days Payable vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Spur's Days Payable distribution charts can be found below:
* The bar in red indicates where Spur'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.
Spur's Days Payable for the fiscal year that ended in Jun. 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.
Spur (JSE:SUR) has a Days Payable of 31.91 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 Spur and its competitors. This is 21% below median its historical median of 40.59. Over the past decade, Spur's Days Payable has ranged from 24.30 to 172.68. According to the industry distribution chart, Spur ranks #197 out of 352 companies in the Restaurants industry, placing it in the top 56%.
Is Spur's Days Payable too high?
Spur's current Days Payable of 31.91 is 21% below median its 10-year median of 40.59. Over the past 10 years, this metric has ranged from a low of 24.30 to a high of 172.68. The Restaurants industry median Days Payable is 35.46. Spur's value of 31.91 is 10% below this industry median. Based on the distribution chart, Spur ranks #197 out of 352 companies in the Restaurants industry, which is below the industry midpoint. Overall, Spur has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spur's Days Payable compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Spur ranks #197 out of 352 companies for Days Payable. This places Spur in the lower half of its industry. The industry median Days Payable is 35.46. Spur's value of 31.91 is 10% below this benchmark. Historically, Spur's own Days Payable has ranged from 24.30 to 172.68 over the past decade. While the company's 10-year median is 40.59 vs. the industry median of 35.46, Spur 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 Restaurants company?
The median Days Payable among Restaurants companies is 35.46, based on 352 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. Spur's current Days Payable of 31.91 is 10% 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 Spur and its competitors. For the Restaurants industry, the median Days Payable is 35.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spur's current Days Payable is 31.91, which is 21% below median its own 10-year median of 40.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spur stock overvalued right now?
Based on GuruFocus' analysis, Spur (JSE:SUR) is currently considered Fairly Valued. The stock's GF Value™ is R40.56, compared to a current price of R41.92 — trading 3.4% above its estimated fair value. The current Days Payable is 31.91, which is 21% below median its 10-year median of 40.59 and 10% below the Restaurants industry median of 35.46. Spur's overall GF Score™ is 89/100 with 9 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 Spur (JSE:SUR), the current Days Payable is 31.91 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 Spur (JSE:SUR) Overvalued in 2026?
Based on GuruFocus' analysis, Spur stock appears to be overvalued.
The current stock price of R41.92 is trading 3.4% above its estimated GF Value™ of R40.56.
GuruFocus considers Spur to be Fairly Valued.
Key valuation signals for JSE:SUR:
Days Payable: 31.91 (21% below median its 10-year median of 40.59)
GF Value™: R40.56 vs. price of R41.92 (3.4% above fair value)
Industry Position: 10% below the Restaurants median (#197 of 352)
No single metric tells the full story. See the JSE:SUR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spur Corp Ltd is a South African multi-brand restaurant franchisor. The group operates as franchisor for the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas (including RocoGo), Casa Bella, Nikos, Doppio Zero and Piza e Vino brands. The company's segment includes South Africa and International segment. South Africa segment include: Franchise, Manufacturing and distribution, Retail company stores, Marketing and Other. International segment include Australasia, Rest of Africa and Middle East and Marketing. Key revenue is generated from South Africa segment.
89GF Score
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