UGP (Ultrapar Participacoes) Days Payable: 12.12 (As of Mar. 2026) — 13% Below Median


UGP Ultrapar Participacoes SA UGP
77 GF Score
Price $4.96
GF Value $4.57
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Ultrapar Participacoes Days Payable?

Ultrapar Participacoes UGP +2.06% 77 Days Payable is 12.12 as of Mar. 2026, which is 13% below its 10-year median of 13.90. GuruFocus rates UGP with a GF Score™ of 77/100 and a GF Value™ of $4.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 849 Oil & Gas companies, Ultrapar Participacoes ranks worse than 93.88% on this metric.

Ultrapar Participacoes's average Accounts Payable for the three months ended in Mar. 2026 was $853 Mil. Ultrapar Participacoes's Cost of Goods Sold for the three months ended in Mar. 2026 was $6,421 Mil. Hence, Ultrapar Participacoes's Days Payable for the three months ended in Mar. 2026 was 12.12.

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

UGP' s Days Payable Range Over the Past 10 Years
Min: 8.5   Med: 13.9   Max: 20.48
Current: 10.34

During the past 13 years, Ultrapar Participacoes's highest Days Payable was 20.48. The lowest was 8.50. And the median was 13.90.

UGP's Days Payable is ranked worse than
93.88% of 849 companies
in the Oil & Gas industry
Industry Median: 57.95 vs UGP: 10.34

Ultrapar Participacoes's Days Payable increased from Mar. 2025 (11.43) to Mar. 2026 (12.12). It may suggest that Ultrapar Participacoes delayed paying its suppliers.


Ultrapar Participacoes Days Payable Historical Data

* Premium members only.

The historical data trend for Ultrapar Participacoes'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.

Ultrapar Participacoes Days Payable Chart

Ultrapar Participacoes 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 17.66 16.96 19.72 17.18 11.94

Ultrapar Participacoes 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 11.43 9.32 8.48 10.48 12.12

UGP vs VLO, MPC, PSX: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.


Ultrapar Participacoes Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Days Payable distribution charts can be found below:

* The bar in red indicates where Ultrapar Participacoes's Days Payable falls into.


UGP
77GF Score
Ultrapar Participacoes SA UGP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultrapar Participacoes 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.

Ultrapar Participacoes'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
=( (742.975 + 851.793) / 2 ) / 24380.135*365
=797.384 / 24380.135*365
=11.94

Ultrapar Participacoes'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
=( (851.793 + 853.356) / 2 ) / 6420.688*365 / 4
=852.5745 / 6420.688*365 / 4
=12.12

* 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 12.12 mean?
Ultrapar Participacoes (UGP) has a Days Payable of 12.12 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 Ultrapar Participacoes and its competitors. This is 13% below median its historical median of 13.90. Over the past decade, Ultrapar Participacoes' Days Payable has ranged from 8.50 to 20.48. According to the industry distribution chart, Ultrapar Participacoes ranks #797 out of 849 companies in the Oil & Gas industry, placing it in the top 93.9%.
Is Ultrapar Participacoes' Days Payable too high?
Ultrapar Participacoes' current Days Payable of 12.12 is 13% below median its 10-year median of 13.90. Over the past 10 years, this metric has ranged from a low of 8.50 to a high of 20.48. The Oil & Gas industry median Days Payable is 57.95. Ultrapar Participacoes' value of 12.12 is 79.1% below this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #797 out of 849 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Ultrapar Participacoes has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #797 out of 849 companies for Days Payable. This places Ultrapar Participacoes in the lower half of its industry. The industry median Days Payable is 57.95. Ultrapar Participacoes' value of 12.12 is 79.1% below this benchmark. Historically, Ultrapar Participacoes' own Days Payable has ranged from 8.50 to 20.48 over the past decade. While the company's 10-year median is 13.90 vs. the industry median of 57.95, Ultrapar Participacoes 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 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. Ultrapar Participacoes's current Days Payable of 12.12 is 79.1% 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 Ultrapar Participacoes and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapar Participacoes's current Days Payable is 12.12, which is 13% below median its own 10-year median of 13.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Fairly Valued. The stock's GF Value™ is $4.57, compared to a current price of $4.96 — trading 8.5% above its estimated fair value. The current Days Payable is 12.12, which is 13% below median its 10-year median of 13.90 and 79.1% below the Oil & Gas industry median of 57.95. Ultrapar Participacoes' overall GF Score™ is 77/100 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 Ultrapar Participacoes (UGP), the current Days Payable is 12.12 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 Ultrapar Participacoes (UGP) Overvalued in 2026?

Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued. The current stock price of $4.96 is trading 8.5% above its estimated GF Value™ of $4.57. GuruFocus considers Ultrapar Participacoes to be Fairly Valued.

Key valuation signals for UGP:

  • Days Payable: 12.12 (13% below median its 10-year median of 13.90)
  • GF Value™: $4.57 vs. price of $4.96 (8.5% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 79.1% below the Oil & Gas median (#797 of 849)

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


Ultrapar Participacoes Business Description

Industry EnergyOil & Gas
Address Brigadeiro Luis Antonio Avenue, 1343, 9th Floor, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
77GF Score

Get the complete analysis for UGP

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

$4.96
Price
$4.57
GF Value