SPH (Suburban Propane Partners LP) Days Payable: 20.40 (As of Mar. 2026) — 24% Below Median

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SPH Suburban Propane Partners LP SPH
57 GF Score
Price $18.66
GF Value $18.09
Valuation Fairly Valued
! 3 Warning Signs
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What is Suburban Propane Partners LP Days Payable?

Suburban Propane Partners LP SPH +0.27% 57 Days Payable is 20.40 as of Mar. 2026, which is 24% below its 10-year median of 26.96. GuruFocus rates SPH with a GF Score™ of 57/100 and a GF Value™ of $18.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 480 Utilities - Regulated companies, Suburban Propane Partners LP ranks worse than 83.96% on this metric.

Suburban Propane Partners LP's average Accounts Payable for the three months ended in Mar. 2026 was $46 Mil. Suburban Propane Partners LP's Cost of Goods Sold for the three months ended in Mar. 2026 was $208 Mil. Hence, Suburban Propane Partners LP's Days Payable for the three months ended in Mar. 2026 was 20.40.

The historical rank and industry rank for Suburban Propane Partners LP's Days Payable or its related term are showing as below:

SPH' s Days Payable Range Over the Past 10 Years
Min: 19.05   Med: 26.96   Max: 33.89
Current: 29.05

During the past 13 years, Suburban Propane Partners LP's highest Days Payable was 33.89. The lowest was 19.05. And the median was 26.96.

SPH's Days Payable is ranked worse than
83.96% of 480 companies
in the Utilities - Regulated industry
Industry Median: 69.89 vs SPH: 29.05

Suburban Propane Partners LP's Days Payable declined from Mar. 2025 (23.63) to Mar. 2026 (20.40). It may suggest that Suburban Propane Partners LP accelerated paying its suppliers.


Suburban Propane Partners LP Days Payable Historical Data

* Premium members only.

The historical data trend for Suburban Propane Partners LP'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.

Suburban Propane Partners LP Days Payable Chart

Suburban Propane Partners LP 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 26.75 19.05 23.26 28.34 27.87

Suburban Propane Partners LP 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 23.63 30.30 43.96 32.40 20.40

SPH vs NWN, RGCO, OPAL: Days Payable Comparison

For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP'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.


Suburban Propane Partners LP Days Payable vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Suburban Propane Partners LP's Days Payable falls into.


SPH
57GF Score
Suburban Propane Partners LP SPH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Suburban Propane Partners LP 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.

Suburban Propane Partners LP'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
=( (41.058 + 45.042) / 2 ) / 563.706*365
=43.05 / 563.706*365
=27.87

Suburban Propane Partners LP'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
=( (47.864 + 44.911) / 2 ) / 207.5*365 / 4
=46.3875 / 207.5*365 / 4
=20.40

* 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 20.40 mean?
Suburban Propane Partners LP (SPH) has a Days Payable of 20.40 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 Suburban Propane Partners LP and its competitors. This is 24% below median its historical median of 26.96. Over the past decade, Suburban Propane Partners LP's Days Payable has ranged from 19.05 to 33.89. According to the industry distribution chart, Suburban Propane Partners LP ranks #403 out of 480 companies in the Utilities - Regulated industry, placing it in the top 84%.
Is Suburban Propane Partners LP's Days Payable too high?
Suburban Propane Partners LP's current Days Payable of 20.40 is 24% below median its 10-year median of 26.96. Over the past 10 years, this metric has ranged from a low of 19.05 to a high of 33.89. The Utilities - Regulated industry median Days Payable is 69.89. Suburban Propane Partners LP's value of 20.40 is 70.8% below this industry median. Based on the distribution chart, Suburban Propane Partners LP ranks #403 out of 480 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Suburban Propane Partners LP has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's Days Payable compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #403 out of 480 companies for Days Payable. This places Suburban Propane Partners LP in the lower half of its industry. The industry median Days Payable is 69.89. Suburban Propane Partners LP's value of 20.40 is 70.8% below this benchmark. Historically, Suburban Propane Partners LP's own Days Payable has ranged from 19.05 to 33.89 over the past decade. While the company's 10-year median is 26.96 vs. the industry median of 69.89, Suburban Propane Partners LP 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 an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 69.89, based on 480 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. Suburban Propane Partners LP's current Days Payable of 20.40 is 70.8% 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 Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current Days Payable is 20.40, which is 24% below median its own 10-year median of 26.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.09, compared to a current price of $18.66 — trading 3.2% above its estimated fair value. The current Days Payable is 20.40, which is 24% below median its 10-year median of 26.96 and 70.8% below the Utilities - Regulated industry median of 69.89. Suburban Propane Partners LP's overall GF Score™ is 57/100 with 3 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 Suburban Propane Partners LP (SPH), the current Days Payable is 20.40 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 Suburban Propane Partners LP (SPH) Overvalued in 2026?

Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be overvalued. The current stock price of $18.66 is trading 3.2% above its estimated GF Value™ of $18.09. GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.

Key valuation signals for SPH:

  • Days Payable: 20.40 (24% below median its 10-year median of 26.96)
  • GF Value™: $18.09 vs. price of $18.66 (3.2% above fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 70.8% below the Utilities - Regulated median (#403 of 480)

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


Suburban Propane Partners LP Business Description

Address 240 Route 10 West, Whippany, NJ, USA, 07981
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
57GF Score

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

$18.66
Price
$18.09
GF Value