InnovateVATE +3.75%46 Days Payable is 39.81 as of Mar. 2026, which is 3% below its 10-year median of 41.17. GuruFocus rates VATE with a GF Score™ of 46/100 and a GF Value™ of $5.93 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,715 Construction companies, Innovate ranks worse than 84.37% on this metric.
Innovate's average Accounts Payable for the
three
months ended in Mar. 2026 was $136 Mil. Innovate's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $311 Mil.
Hence, Innovate's Days Payable for the
three
months ended in Mar. 2026 was 39.81.
The historical rank and industry rank for Innovate's Days Payable or its related term are showing as below:
VATE'
s Days Payable Range Over the Past 10 Years
Min: 20.04 Med: 41.17 Max: 52.22
Current: 35.98
During the past 13 years, Innovate's highest Days Payable was 52.22. The lowest was 20.04. And the median was 41.17.
VATE's Days Payable is ranked worse than 84.37% of 1715
companies
in the Construction industry
Industry Median: 76.72
vs VATE: 35.98
Innovate's Days Payable
increased
from Mar. 2025 (37.80) to Mar. 2026 (39.81).
It may suggest that Innovatedelayed paying its suppliers.
Innovate Days Payable Related Terms
Innovate Days Payable Historical Data
* Premium members only.
The historical data trend for Innovate'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 Engineering & Construction subindustry, Innovate'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.
Innovate Days Payable vs Construction Industry
For the Construction industry and Industrials sector, Innovate's Days Payable distribution charts can be found below:
* The bar in red indicates where Innovate'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.
Innovate'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.
Innovate (VATE) has a Days Payable of 39.81 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 Innovate and its competitors. This is near median its historical median of 41.17. Over the past decade, Innovate's Days Payable has ranged from 20.04 to 52.22. According to the industry distribution chart, Innovate ranks #1447 out of 1715 companies in the Construction industry, placing it in the top 84.4%.
Is Innovate's Days Payable too high?
Innovate's current Days Payable of 39.81 is near median its 10-year median of 41.17. Over the past 10 years, this metric has ranged from a low of 20.04 to a high of 52.22. The Construction industry median Days Payable is 76.72. Innovate's value of 39.81 is 48.1% below this industry median. Based on the distribution chart, Innovate ranks #1447 out of 1715 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Innovate has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innovate's Days Payable compare to SHIM and ESOA?
According to the Construction industry distribution chart, Innovate ranks #1447 out of 1715 companies for Days Payable. This places Innovate in the lower half of its industry. The industry median Days Payable is 76.72. Innovate's value of 39.81 is 48.1% below this benchmark. Historically, Innovate's own Days Payable has ranged from 20.04 to 52.22 over the past decade. While the company's 10-year median is 41.17 vs. the industry median of 76.72, Innovate 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 Construction company?
The median Days Payable among Construction companies is 76.72, based on 1,715 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. Innovate's current Days Payable of 39.81 is 48.1% 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 Innovate and its competitors. For the Construction industry, the median Days Payable is 76.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovate's current Days Payable is 39.81, which is near median its own 10-year median of 41.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovate stock overvalued right now?
Based on GuruFocus' analysis, Innovate (VATE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.93, compared to a current price of $18.83 — trading 217.5% above its estimated fair value. The current Days Payable is 39.81, which is near median its 10-year median of 41.17 and 48.1% below the Construction industry median of 76.72. Innovate's overall GF Score™ is 46/100 with 6 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 Innovate (VATE), the current Days Payable is 39.81 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 Innovate (VATE) Overvalued in 2026?
Based on GuruFocus' analysis, Innovate stock appears to be overvalued.
The current stock price of $18.83 is trading 217.5% above its estimated GF Value™ of $5.93.
GuruFocus considers Innovate to be Significantly Overvalued.
Key valuation signals for VATE:
Days Payable: 39.81 (near median its 10-year median of 41.17)
GF Value™: $5.93 vs. price of $18.83 (217.5% above fair value)
Industry Position: 48.1% below the Construction median (#1447 of 1715)
No single metric tells the full story. See the VATE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure, Life Sciences and Spectrum, and Other segment. Through its subsidiaries it provides fully integrated structural and steel construction services; supports healthcare and biotechnology product development; and operates Over-The-Air (OTA) broadcasting stations across the United States (U.S.) including Puerto Rico.
46GF Score
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