SPP PolymerNSE:SPPPOLY 11 Days Payable is 88.88 as of Mar. 2025, which is 167% above its 10-year median of 33.31. GuruFocus rates NSE:SPPPOLY with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 380 Packaging & Containers companies, SPP Polymer ranks better than 72.89% on this metric.
The historical rank and industry rank for SPP Polymer's Days Payable or its related term are showing as below:
NSE:SPPPOLY'
s Days Payable Range Over the Past 10 Years
Min: 11.62 Med: 33.31 Max: 88.88
Current: 88.88
During the past 5 years, SPP Polymer's highest Days Payable was 88.88. The lowest was 11.62. And the median was 33.31.
NSE:SPPPOLY's Days Payable is ranked better than 72.89% of 380
companies
in the Packaging & Containers industry
Industry Median: 57.4
vs NSE:SPPPOLY: 88.88
SPP Polymer's Days Payable
increased
from Mar. 2023 (33.31) to Mar. 2025 (88.88).
It may suggest that SPP Polymerdelayed paying its suppliers.
SPP Polymer Days Payable Related Terms
SPP Polymer Days Payable Historical Data
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The historical data trend for SPP Polymer'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.
SPP Polymer Days Payable Chart
SPP Polymer Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Days Payable
11.62
15.75
33.31
70.95
88.88
SPP Polymer Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Days Payable
11.62
15.75
33.31
70.95
88.88
NSE:SPPPOLY vs SW, PKG, IP: Days Payable Comparison
For the Packaging & Containers subindustry, SPP Polymer'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.
SPP Polymer Days Payable vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, SPP Polymer's Days Payable distribution charts can be found below:
* The bar in red indicates where SPP Polymer'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.
SPP Polymer's Days Payable for the fiscal year that ended in Mar. 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.
SPP Polymer (NSE:SPPPOLY) has a Days Payable of 88.88 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SPP Polymer and its competitors. This is 167% above median its historical median of 33.31. Over the past decade, SPP Polymer's Days Payable has ranged from 11.62 to 88.88. According to the industry distribution chart, SPP Polymer ranks #103 out of 380 companies in the Packaging & Containers industry, placing it in the top 27.1%.
Is SPP Polymer's Days Payable too high?
SPP Polymer's current Days Payable of 88.88 is 167% above median its 10-year median of 33.31. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 88.88. The Packaging & Containers industry median Days Payable is 57.40. SPP Polymer's value of 88.88 is 54.8% above this industry median. Based on the distribution chart, SPP Polymer ranks #103 out of 380 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, SPP Polymer has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does SPP Polymer's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, SPP Polymer ranks #103 out of 380 companies for Days Payable. This puts SPP Polymer in the upper half of its industry. The industry median Days Payable is 57.40. SPP Polymer's value of 88.88 is 54.8% above this benchmark. Historically, SPP Polymer's own Days Payable has ranged from 11.62 to 88.88 over the past decade. While the company's 10-year median is 33.31 vs. the industry median of 57.40, SPP Polymer 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.40, based on 380 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. SPP Polymer's current Days Payable of 88.88 is 54.8% 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 SPP Polymer and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPP Polymer's current Days Payable is 88.88, which is 167% above median its own 10-year median of 33.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPP Polymer stock overvalued right now?
SPP Polymer (NSE:SPPPOLY) has a current Days Payable of 88.88. The current Days Payable is 88.88, which is 167% above median its 10-year median of 33.31 and 54.8% above the Packaging & Containers industry median of 57.40. SPP Polymer's overall GF Score™ is 11/100 with 4 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 SPP Polymer (NSE:SPPPOLY), the current Days Payable is 88.88 as of Mar. 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.
SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
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