NGVC (Natural Grocers by Vitamin Cottage) Days Payable: 33.71 (As of Mar. 2026) — Near Median


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
84 GF Score
Price $32.69
GF Value $27.27
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage Days Payable?

Natural Grocers by Vitamin Cottage NGVC +1.62% 84 Days Payable is 33.71 as of Mar. 2026, which is 1% below its 10-year median of 34.10. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 304 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 63.49% on this metric.

Natural Grocers by Vitamin Cottage's average Accounts Payable for the three months ended in Mar. 2026 was $87 Mil. Natural Grocers by Vitamin Cottage's Cost of Goods Sold for the three months ended in Mar. 2026 was $235 Mil. Hence, Natural Grocers by Vitamin Cottage's Days Payable for the three months ended in Mar. 2026 was 33.71.

The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Days Payable or its related term are showing as below:

NGVC' s Days Payable Range Over the Past 10 Years
Min: 32.04   Med: 34.1   Max: 37.5
Current: 33.35

During the past 13 years, Natural Grocers by Vitamin Cottage's highest Days Payable was 37.50. The lowest was 32.04. And the median was 34.10.

NGVC's Days Payable is ranked worse than
63.49% of 304 companies
in the Retail - Defensive industry
Industry Median: 43.205 vs NGVC: 33.35

Natural Grocers by Vitamin Cottage's Days Payable increased from Mar. 2025 (32.67) to Mar. 2026 (33.71). It may suggest that Natural Grocers by Vitamin Cottage delayed paying its suppliers.


Natural Grocers by Vitamin Cottage Days Payable Related Terms


Natural Grocers by Vitamin Cottage Days Payable Historical Data

* Premium members only.

The historical data trend for Natural Grocers by Vitamin Cottage'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.

Natural Grocers by Vitamin Cottage Days Payable Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.02 32.61 34.08 35.19 33.13

Natural Grocers by Vitamin Cottage 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 32.67 34.54 31.45 31.79 33.71

NGVC vs VLGEA, YSWY, DNUT: Days Payable Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage'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.


Natural Grocers by Vitamin Cottage Days Payable vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Days Payable distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Days Payable falls into.


NGVC
84GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Grocers by Vitamin Cottage 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.

Natural Grocers by Vitamin Cottage's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (88.397 + 80.991) / 2 ) / 932.959*365
=84.694 / 932.959*365
=33.13

Natural Grocers by Vitamin Cottage'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
=( (83.955 + 89.64) / 2 ) / 234.933*365 / 4
=86.7975 / 234.933*365 / 4
=33.71

* 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 33.71 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Days Payable of 33.71 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 Natural Grocers by Vitamin Cottage and its competitors. This is near median its historical median of 34.10. Over the past decade, Natural Grocers by Vitamin Cottage's Days Payable has ranged from 32.04 to 37.50. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #193 out of 304 companies in the Retail - Defensive industry, placing it in the top 63.5%.
Is Natural Grocers by Vitamin Cottage's Days Payable too high?
Natural Grocers by Vitamin Cottage's current Days Payable of 33.71 is near median its 10-year median of 34.10. Over the past 10 years, this metric has ranged from a low of 32.04 to a high of 37.50. The Retail - Defensive industry median Days Payable is 43.21. Natural Grocers by Vitamin Cottage's value of 33.71 is 22% below this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #193 out of 304 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Days Payable compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #193 out of 304 companies for Days Payable. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median Days Payable is 43.21. Natural Grocers by Vitamin Cottage's value of 33.71 is 22% below this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Days Payable has ranged from 32.04 to 37.50 over the past decade. While the company's 10-year median is 34.10 vs. the industry median of 43.21, Natural Grocers by Vitamin Cottage 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 Retail - Defensive company?
The median Days Payable among Retail - Defensive companies is 43.21, based on 304 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. Natural Grocers by Vitamin Cottage's current Days Payable of 33.71 is 22% 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 Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Days Payable is 43.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Days Payable is 33.71, which is near median its own 10-year median of 34.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.27, compared to a current price of $32.69 — trading 19.9% above its estimated fair value. The current Days Payable is 33.71, which is near median its 10-year median of 34.10 and 22% below the Retail - Defensive industry median of 43.21. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 2 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 Natural Grocers by Vitamin Cottage (NGVC), the current Days Payable is 33.71 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 Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued. The current stock price of $32.69 is trading 19.9% above its estimated GF Value™ of $27.27. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • Days Payable: 33.71 (near median its 10-year median of 34.10)
  • GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 22% below the Retail - Defensive median (#193 of 304)

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


Natural Grocers by Vitamin Cottage Business Description

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
84GF Score

Get the complete analysis for NGVC

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

$32.69
Price
$27.27
GF Value