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* 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 Chemicals subindustry, Westlake Chemical Partners 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.
Westlake Chemical Partners LP Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Days Payable distribution charts can be found below:
* The bar in red indicates where Westlake Chemical Partners LP's Days Payable falls into.
Westlake Chemical Partners 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.
* 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.
Westlake Chemical Partners LP (WLKP) has a Days Payable of 10.34 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 Westlake Chemical Partners LP and its competitors. This is 30% below median its historical median of 14.69. Over the past decade, Westlake Chemical Partners LP's Days Payable has ranged from 11.06 to 18.35. According to the industry distribution chart, Westlake Chemical Partners LP ranks #1433 out of 1554 companies in the Chemicals industry, placing it in the top 92.2%.
Is Westlake Chemical Partners LP's Days Payable too high?
Westlake Chemical Partners LP's current Days Payable of 10.34 is 30% below median its 10-year median of 14.69. Over the past 10 years, this metric has ranged from a low of 11.06 to a high of 18.35. The Chemicals industry median Days Payable is 59.57. Westlake Chemical Partners LP's value of 10.34 is 82.6% below this industry median. Based on the distribution chart, Westlake Chemical Partners LP ranks #1433 out of 1554 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Westlake Chemical Partners LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westlake Chemical Partners LP's Days Payable compare to LXU and ASPI?
According to the Chemicals industry distribution chart, Westlake Chemical Partners LP ranks #1433 out of 1554 companies for Days Payable. This places Westlake Chemical Partners LP in the lower half of its industry. The industry median Days Payable is 59.57. Westlake Chemical Partners LP's value of 10.34 is 82.6% below this benchmark. Historically, Westlake Chemical Partners LP's own Days Payable has ranged from 11.06 to 18.35 over the past decade. While the company's 10-year median is 14.69 vs. the industry median of 59.57, Westlake Chemical Partners 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.57, based on 1,554 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. Westlake Chemical Partners LP's current Days Payable of 10.34 is 82.6% 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 Westlake Chemical Partners LP and its competitors. For the Chemicals industry, the median Days Payable is 59.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westlake Chemical Partners LP's current Days Payable is 10.34, which is 30% below median its own 10-year median of 14.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westlake Chemical Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Westlake Chemical Partners LP (WLKP) is currently considered Fairly Valued. The stock's GF Value™ is $24.33, compared to a current price of $22.03 — trading 9.5% below its estimated fair value. The current Days Payable is 10.34, which is 30% below median its 10-year median of 14.69 and 82.6% below the Chemicals industry median of 59.57. Westlake Chemical Partners LP's overall GF Score™ is 84/100 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 Westlake Chemical Partners LP (WLKP), the current Days Payable is 10.34 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 Westlake Chemical Partners LP (WLKP) Overvalued in 2026?
Based on GuruFocus' analysis, Westlake Chemical Partners LP stock appears to be undervalued.
The current stock price of $22.03 is trading 9.5% below its estimated GF Value™ of $24.33.
GuruFocus considers Westlake Chemical Partners LP to be Fairly Valued.
Key valuation signals for WLKP:
Days Payable: 10.34 (30% below median its 10-year median of 14.69)
GF Value™: $24.33 vs. price of $22.03 (9.5% below fair value)
Industry Position: 82.6% below the Chemicals median (#1433 of 1554)
No single metric tells the full story. See the WLKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Westlake Chemical Partners LP Business Description
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen, to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
84GF Score
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