SPRQF (SPARQ Systems) Days Payable: 261.33 (As of Mar. 2026) — 29% Below Median


SPRQF SPARQ Systems Inc SPRQF
35 GF Score
Price $0.86
GF Value $0.78
Valuation Fairly Valued
! 4 Warning Signs
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What is SPARQ Systems Days Payable?

SPARQ Systems SPRQF 35 Days Payable is 261.33 as of Mar. 2026, which is 29% below its 10-year median of 367.71. GuruFocus rates SPRQF with a GF Score™ of 35/100 and a GF Value™ of $0.78 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, SPARQ Systems ranks better than 58.34% on this metric.

SPARQ Systems's average Accounts Payable for the three months ended in Mar. 2026 was $0.48 Mil. SPARQ Systems's Cost of Goods Sold for the three months ended in Mar. 2026 was $0.17 Mil. Hence, SPARQ Systems's Days Payable for the three months ended in Mar. 2026 was 261.33.

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

SPRQF' s Days Payable Range Over the Past 10 Years
Min: 75.53   Med: 367.71   Max: 2769.94
Current: 94.36

During the past 8 years, SPARQ Systems's highest Days Payable was 2769.94. The lowest was 75.53. And the median was 367.71.

SPRQF's Days Payable is ranked better than
58.34% of 2993 companies
in the Industrial Products industry
Industry Median: 78.08 vs SPRQF: 94.36

SPARQ Systems's Days Payable declined from Mar. 2025 (1,437.19) to Mar. 2026 (261.33). It may suggest that SPARQ Systems accelerated paying its suppliers.


SPARQ Systems Days Payable Historical Data

* Premium members only.

The historical data trend for SPARQ Systems'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.

SPARQ Systems Days Payable Chart

SPARQ Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 2,779.21 759.09 365.91 213.55 103.31

SPARQ Systems Quarterly Data
Dec20 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 1,437.19 0.00 0.00 87.41 261.33

SPRQF vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, SPARQ Systems'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.


SPARQ Systems Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SPARQ Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where SPARQ Systems's Days Payable falls into.


SPRQF
35GF Score
SPARQ Systems Inc SPRQF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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SPARQ Systems 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.

SPARQ Systems'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
=( (0.126 + 0.842) / 2 ) / 1.71*365
=0.484 / 1.71*365
=103.31

SPARQ Systems'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
=( (0.842 + 0.126) / 2 ) / 0.169*365 / 4
=0.484 / 0.169*365 / 4
=261.33

* 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 261.33 mean?
SPARQ Systems (SPRQF) has a Days Payable of 261.33 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 SPARQ Systems and its competitors. This is 29% below median its historical median of 367.71. Over the past decade, SPARQ Systems' Days Payable has ranged from 75.53 to 2,769.94. According to the industry distribution chart, SPARQ Systems ranks #1247 out of 2993 companies in the Industrial Products industry, placing it in the top 41.7%.
Is SPARQ Systems' Days Payable too high?
SPARQ Systems' current Days Payable of 261.33 is 29% below median its 10-year median of 367.71. Over the past 10 years, this metric has ranged from a low of 75.53 to a high of 2,769.94. The Industrial Products industry median Days Payable is 78.08. SPARQ Systems' value of 261.33 is 234.7% above this industry median. Based on the distribution chart, SPARQ Systems ranks #1247 out of 2993 companies in the Industrial Products industry, which is above the industry midpoint. Overall, SPARQ Systems has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #1247 out of 2993 companies for Days Payable. This puts SPARQ Systems in the upper half of its industry. The industry median Days Payable is 78.08. SPARQ Systems' value of 261.33 is 234.7% above this benchmark. Historically, SPARQ Systems' own Days Payable has ranged from 75.53 to 2,769.94 over the past decade. While the company's 10-year median is 367.71 vs. the industry median of 78.08, SPARQ Systems 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,993 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. SPARQ Systems's current Days Payable of 261.33 is 234.7% 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 SPARQ Systems and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARQ Systems's current Days Payable is 261.33, which is 29% below median its own 10-year median of 367.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.78, compared to a current price of $0.86 — trading 10% above its estimated fair value. The current Days Payable is 261.33, which is 29% below median its 10-year median of 367.71 and 234.7% above the Industrial Products industry median of 78.08. SPARQ Systems' overall GF Score™ is 35/100 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 SPARQ Systems (SPRQF), the current Days Payable is 261.33 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 SPARQ Systems (SPRQF) Overvalued in 2026?

Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued. The current stock price of $0.86 is trading 10% above its estimated GF Value™ of $0.78. GuruFocus considers SPARQ Systems to be Fairly Valued.

Key valuation signals for SPRQF:

  • Days Payable: 261.33 (29% below median its 10-year median of 367.71)
  • GF Value™: $0.78 vs. price of $0.86 (10% above fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 234.7% above the Industrial Products median (#1247 of 2993)

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


SPARQ Systems Business Description

Other Exchanges SPRQ:Canada
Address Innovation Park, 945 Princess Street, Box 212, Kingston, ON, CAN, K7L 0E9
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
35GF Score

Get the complete analysis for SPRQF

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

$0.86
Price
$0.78
GF Value