SPLP (Steel Partners Holdings LP) Days Payable: 46.26 (As of Sep. 2025) — 22% Above Median


SPLP Steel Partners Holdings LP SPLP
66 GF Score
Price $50.00
GF Value $51.26
! 4 Warning Signs
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What is Steel Partners Holdings LP Days Payable?

Steel Partners Holdings LP SPLP -0.20% 66 Days Payable is 46.26 as of Sep. 2025, which is 22% above its 10-year median of 38.01. GuruFocus rates SPLP with a GF Score™ of 66/100 and a GF Value™ of $51.26. The stock has 4 warning signs investors should review.

Steel Partners Holdings LP's average Accounts Payable for the three months ended in Sep. 2025 was $153 Mil. Steel Partners Holdings LP's Cost of Goods Sold for the three months ended in Sep. 2025 was $302 Mil. Hence, Steel Partners Holdings LP's Days Payable for the three months ended in Sep. 2025 was 46.26.

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

SPLP' s Days Payable Range Over the Past 10 Years
Min: 25.79   Med: 38.01   Max: 46.54
Current: 46.54

During the past 13 years, Steel Partners Holdings LP's highest Days Payable was 46.54. The lowest was 25.79. And the median was 38.01.

SPLP's Days Payable is not ranked
in the Conglomerates industry.
Industry Median: 56 vs SPLP: 46.54

Steel Partners Holdings LP's Days Payable declined from Sep. 2024 (47.28) to Sep. 2025 (46.26). It may suggest that Steel Partners Holdings LP accelerated paying its suppliers.


Steel Partners Holdings LP Days Payable Historical Data

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The historical data trend for Steel Partners Holdings 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.

Steel Partners Holdings LP Days Payable Chart

Steel Partners Holdings LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.10 40.72 38.74 39.96 41.76

Steel Partners Holdings LP Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 47.28 46.77 46.34 45.54 46.26

SPLP vs MATW, DLX, FIP: Days Payable Comparison

For the Conglomerates subindustry, Steel Partners Holdings 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.


Steel Partners Holdings LP Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Days Payable distribution charts can be found below:

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


SPLP
66GF Score
Steel Partners Holdings LP SPLP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Steel Partners Holdings 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.

Steel Partners Holdings LP's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (131.922 + 131.768) / 2 ) / 1152.355*365
=131.845 / 1152.355*365
=41.76

Steel Partners Holdings LP's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (154.078 + 152.083) / 2 ) / 301.939*365 / 4
=153.0805 / 301.939*365 / 4
=46.26

* 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 46.26 mean?
Steel Partners Holdings LP (SPLP) has a Days Payable of 46.26 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Steel Partners Holdings LP and its competitors. This is 22% above median its historical median of 38.01. Over the past decade, Steel Partners Holdings LP's Days Payable has ranged from 25.79 to 46.54.
Is Steel Partners Holdings LP's Days Payable too high?
Steel Partners Holdings LP's current Days Payable of 46.26 is 22% above median its 10-year median of 38.01. Over the past 10 years, this metric has ranged from a low of 25.79 to a high of 46.54. The Conglomerates industry median Days Payable is 56.00. Steel Partners Holdings LP's value of 46.26 is 17.4% below this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's Days Payable compare to MATW and DLX?
Steel Partners Holdings LP's Days Payable of 46.26 can be compared against companies in the Conglomerates industry. The industry median Days Payable is 56.00. Steel Partners Holdings LP's value of 46.26 is 17.4% below this benchmark. Historically, Steel Partners Holdings LP's own Days Payable has ranged from 25.79 to 46.54 over the past decade. While the company's 10-year median is 38.01 vs. the industry median of 56.00, Steel Partners Holdings 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 a Conglomerates company?
The median Days Payable among Conglomerates companies is 56.00, based on 505 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. Steel Partners Holdings LP's current Days Payable of 46.26 is 17.4% 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 Steel Partners Holdings LP and its competitors. For the Conglomerates industry, the median Days Payable is 56.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current Days Payable is 46.26, which is 22% above median its own 10-year median of 38.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current Days Payable of 46.26. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current Days Payable is 46.26, which is 22% above median its 10-year median of 38.01 and 17.4% below the Conglomerates industry median of 56.00. Steel Partners Holdings LP's overall GF Score™ is 66/100 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 Steel Partners Holdings LP (SPLP), the current Days Payable is 46.26 as of Sep. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?

Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued. The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.

Key valuation signals for SPLP:

  • Days Payable: 46.26 (22% above median its 10-year median of 38.01)
  • GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 17.4% below the Conglomerates median

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


Steel Partners Holdings LP Business Description

Other Exchanges SPLPP.PFD:USA
Address 590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score

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

$50.00
Price
$51.26
GF Value