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SPS CommerceMIL:1SPSC 67 Days Payable is 18.47 as of Jun. 2026, which is 5% above its 10-year median of 17.60. GuruFocus rates MIL:1SPSC with a GF Score™ of 67/100 and a GF Value™ of €162.58 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,612 Software companies, SPS Commerce ranks worse than 79.86% on this metric.
The historical data trend for SPS Commerce'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.
MIL:1SPSC vs PLUS, PDFS, INTA: Days Payable Comparison
For the Software - Application subindustry, SPS Commerce'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.
SPS Commerce Days Payable vs Software Industry
For the Software industry and Technology sector, SPS Commerce's Days Payable distribution charts can be found below:
* The bar in red indicates where SPS Commerce'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.
SPS Commerce'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.
SPS Commerce (MIL:1SPSC) has a Days Payable of 18.47 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SPS Commerce and its competitors. This is near median its historical median of 17.60. Over the past decade, SPS Commerce's Days Payable has ranged from 12.66 to 23.35. According to the industry distribution chart, SPS Commerce ranks #2086 out of 2612 companies in the Software industry, placing it in the top 79.9%.
Is SPS Commerce's Days Payable too high?
SPS Commerce's current Days Payable of 18.47 is near median its 10-year median of 17.60. Over the past 10 years, this metric has ranged from a low of 12.66 to a high of 23.35. The Software industry median Days Payable is 51.80. SPS Commerce's value of 18.47 is 64.3% below this industry median. Based on the distribution chart, SPS Commerce ranks #2086 out of 2612 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, SPS Commerce has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's Days Payable compare to PLUS and PDFS?
According to the Software industry distribution chart, SPS Commerce ranks #2086 out of 2612 companies for Days Payable. This places SPS Commerce in the lower half of its industry. The industry median Days Payable is 51.80. SPS Commerce's value of 18.47 is 64.3% below this benchmark. Historically, SPS Commerce's own Days Payable has ranged from 12.66 to 23.35 over the past decade. While the company's 10-year median is 17.60 vs. the industry median of 51.80, SPS Commerce 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 Software company?
The median Days Payable among Software companies is 51.80, based on 2,612 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. SPS Commerce's current Days Payable of 18.47 is 64.3% 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 SPS Commerce and its competitors. For the Software industry, the median Days Payable is 51.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPS Commerce's current Days Payable is 18.47, which is near median its own 10-year median of 17.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (MIL:1SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is €162.58, compared to a current price of €67.64 — trading 58.4% below its estimated fair value. The current Days Payable is 18.47, which is near median its 10-year median of 17.60 and 64.3% below the Software industry median of 51.80. SPS Commerce's overall GF Score™ is 67/100 with 1 warning sign 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 SPS Commerce (MIL:1SPSC), the current Days Payable is 18.47 as of Jun. 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 SPS Commerce (MIL:1SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of €67.64 is trading 58.4% below its estimated GF Value™ of €162.58.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for MIL:1SPSC:
Days Payable: 18.47 (near median its 10-year median of 17.60)
GF Value™: €162.58 vs. price of €67.64 (58.4% below fair value)
Industry Position: 64.3% below the Software median (#2086 of 2612)
No single metric tells the full story. See the MIL:1SPSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
67GF Score
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