SPAEF (Space Co) Days Payable: 26.19 (As of Dec. 2025) — 29% Above Median


SPAEF Space Co Ltd SPAEF
64 GF Score
Price $9.28
GF Value $9.54
Valuation Fairly Valued
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What is Space Co Days Payable?

Space Co SPAEF -0.22% 64 Days Payable is 26.19 as of Dec. 2025, which is 29% above its 10-year median of 20.34. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued). Among 1,714 Construction companies, Space Co ranks worse than 89.21% on this metric.

Space Co's average Accounts Payable for the three months ended in Dec. 2025 was $33.4 Mil. Space Co's Cost of Goods Sold for the three months ended in Dec. 2025 was $116.3 Mil. Hence, Space Co's Days Payable for the three months ended in Dec. 2025 was 26.19.

The historical rank and industry rank for Space Co's Days Payable or its related term are showing as below:

SPAEF' s Days Payable Range Over the Past 10 Years
Min: 14.99   Med: 20.34   Max: 29.83
Current: 29.83

During the past 13 years, Space Co's highest Days Payable was 29.83. The lowest was 14.99. And the median was 20.34.

SPAEF's Days Payable is ranked worse than
89.21% of 1714 companies
in the Construction industry
Industry Median: 76.695 vs SPAEF: 29.83

Space Co's Days Payable increased from Dec. 2024 (24.95) to Dec. 2025 (26.19). It may suggest that Space Co delayed paying its suppliers.


Space Co Days Payable Historical Data

* Premium members only.

The historical data trend for Space Co'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.

Space Co Days Payable Chart

Space Co 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 21.02 23.44 23.77 24.41 26.73

Space Co 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 28.36 31.53 28.77 26.19 31.82

SPAEF vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Space Co'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.


Space Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Space Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Space Co's Days Payable falls into.


SPAEF
64GF Score
Space Co Ltd SPAEF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Co 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.

Space Co'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
=( (27.497 + 31.914) / 2 ) / 405.624*365
=29.7055 / 405.624*365
=26.73

Space Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (34.839 + 31.914) / 2 ) / 116.294*365 / 4
=33.3765 / 116.294*365 / 4
=26.19

* 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 26.19 mean?
Space Co (SPAEF) has a Days Payable of 26.19 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 Space Co and its competitors. This is 29% above median its historical median of 20.34. Over the past decade, Space Co's Days Payable has ranged from 14.99 to 29.83. According to the industry distribution chart, Space Co ranks #1529 out of 1714 companies in the Construction industry, placing it in the top 89.2%.
Is Space Co's Days Payable too high?
Space Co's current Days Payable of 26.19 is 29% above median its 10-year median of 20.34. Over the past 10 years, this metric has ranged from a low of 14.99 to a high of 29.83. The Construction industry median Days Payable is 76.70. Space Co's value of 26.19 is 65.9% below this industry median. Based on the distribution chart, Space Co ranks #1529 out of 1714 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #1529 out of 1714 companies for Days Payable. This places Space Co in the lower half of its industry. The industry median Days Payable is 76.70. Space Co's value of 26.19 is 65.9% below this benchmark. Historically, Space Co's own Days Payable has ranged from 14.99 to 29.83 over the past decade. While the company's 10-year median is 20.34 vs. the industry median of 76.70, Space Co 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 Construction company?
The median Days Payable among Construction companies is 76.70, based on 1,714 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. Space Co's current Days Payable of 26.19 is 65.9% 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 Space Co and its competitors. For the Construction industry, the median Days Payable is 76.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current Days Payable is 26.19, which is 29% above median its own 10-year median of 20.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current Days Payable is 26.19, which is 29% above median its 10-year median of 20.34 and 65.9% below the Construction industry median of 76.70. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current Days Payable is 26.19 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 Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for SPAEF:

  • Days Payable: 26.19 (29% above median its 10-year median of 20.34)
  • GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
  • GF Score™: 64/100
  • Industry Position: 65.9% below the Construction median (#1529 of 1714)

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


Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score

Get the complete analysis for SPAEF

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

$9.28
Price
$9.54
GF Value