Spartan MetalsSPRMF +0.75%29 Days Payable is 18,295.63 as of Mar. 2026, which is 296% above its 10-year median of 4,623.33. GuruFocus rates SPRMF with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 1,064 Metals & Mining companies, Spartan Metals ranks better than 92.29% on this metric.
The historical rank and industry rank for Spartan Metals's Days Payable or its related term are showing as below:
SPRMF'
s Days Payable Range Over the Past 10 Years
Min: 4623.33 Med: 4623.33 Max: 20111.5
Current: 20111.5
During the past 13 years, Spartan Metals's highest Days Payable was 20111.50. The lowest was 4623.33. And the median was 4623.33.
SPRMF's Days Payable is ranked better than 92.29% of 1064
companies
in the Metals & Mining industry
Industry Median: 127.62
vs SPRMF: 20111.50
Spartan Metals's Days Payable
increased
from Mar. 2025 (0.00) to Mar. 2026 (18,295.63).
It may suggest that Spartan Metalsdelayed paying its suppliers.
Spartan Metals Days Payable Related Terms
Spartan Metals Days Payable Historical Data
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The historical data trend for Spartan Metals'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.
For the Other Industrial Metals & Mining subindustry, Spartan Metals'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.
Spartan Metals Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Spartan Metals's Days Payable distribution charts can be found below:
* The bar in red indicates where Spartan Metals'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.
Spartan Metals's Days Payable for the fiscal year that ended in Dec. 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.
Spartan Metals (SPRMF) has a Days Payable of 18,295.63 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 Spartan Metals and its competitors. This is 296% above median its historical median of 4,623.33. Over the past decade, Spartan Metals' Days Payable has ranged from 4,623.33 to 20,111.50. According to the industry distribution chart, Spartan Metals ranks #82 out of 1064 companies in the Metals & Mining industry, placing it in the top 7.7%.
Is Spartan Metals' Days Payable too high?
Spartan Metals' current Days Payable of 18,295.63 is 296% above median its 10-year median of 4,623.33. Over the past 10 years, this metric has ranged from a low of 4,623.33 to a high of 20,111.50. The Metals & Mining industry median Days Payable is 127.62. Spartan Metals' value of 18,295.63 is 14236% above this industry median. Based on the distribution chart, Spartan Metals ranks #82 out of 1064 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Spartan Metals has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Spartan Metals' Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, Spartan Metals ranks #82 out of 1064 companies for Days Payable. This places Spartan Metals in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 127.62. Spartan Metals' value of 18,295.63 is 14236% above this benchmark. Historically, Spartan Metals' own Days Payable has ranged from 4,623.33 to 20,111.50 over the past decade. While the company's 10-year median is 4,623.33 vs. the industry median of 127.62, Spartan Metals 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.62, based on 1,064 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. Spartan Metals's current Days Payable of 18,295.63 is 14236% 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 Spartan Metals and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spartan Metals's current Days Payable is 18,295.63, which is 296% above median its own 10-year median of 4,623.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spartan Metals stock overvalued right now?
Spartan Metals (SPRMF) has a current Days Payable of 18,295.63. The current Days Payable is 18,295.63, which is 296% above median its 10-year median of 4,623.33 and 14236% above the Metals & Mining industry median of 127.62. Spartan Metals' overall GF Score™ is 29/100 with 1 warning sign 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 Spartan Metals (SPRMF), the current Days Payable is 18,295.63 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.
Spartan Metals Corp is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic. It owns the Eagle Project.
29GF Score
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