Heiwa Paper Co (TSE:9929) Days Inventory: 106.64 (As of Mar. 2026) — Near Median


TSE:9929 Heiwa Paper Co Ltd TSE:9929
71 GF Score
Price 円467.00
GF Value 円437.78
Valuation Fairly Valued
! 5 Warning Signs
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What is Heiwa Paper Co Days Inventory?

Heiwa Paper Co TSE:9929 +0.86% 71 Days Inventory is 106.64 as of Mar. 2026, which is 0% below its 10-year median of 106.82. GuruFocus rates TSE:9929 with a GF Score™ of 71/100 and a GF Value™ of 円437.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 270 Forest Products companies, Heiwa Paper Co ranks worse than 64.07% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Heiwa Paper Co's Average Total Inventories for the six months ended in Mar. 2026 was 円3,792 Mil. Heiwa Paper Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円6,489 Mil. Hence, Heiwa Paper Co's Days Inventory for the six months ended in Mar. 2026 was 106.64.

The historical rank and industry rank for Heiwa Paper Co's Days Inventory or its related term are showing as below:

TSE:9929' s Days Inventory Range Over the Past 10 Years
Min: 88.09   Med: 106.82   Max: 113.36
Current: 111.92

During the past 13 years, Heiwa Paper Co's highest Days Inventory was 113.36. The lowest was 88.09. And the median was 106.82.

TSE:9929's Days Inventory is ranked worse than
64.07% of 270 companies
in the Forest Products industry
Industry Median: 89.475 vs TSE:9929: 111.92

Heiwa Paper Co's Days Inventory declined from Mar. 2025 (108.47) to Mar. 2026 (106.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Heiwa Paper Co's Inventory Turnover for the six months ended in Mar. 2026 was 1.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Heiwa Paper Co's Inventory-to-Revenue for the six months ended in Mar. 2026 was 0.46.


Heiwa Paper Co  (TSE:9929) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Heiwa Paper Co's Inventory Turnover for the six months ended in Mar. 2026 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Heiwa Paper Co's Inventory to Revenue for the six months ended in Mar. 2026 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Heiwa Paper Co Days Inventory Related Terms


Heiwa Paper Co Days Inventory Historical Data

* Premium members only.

The historical data trend for Heiwa Paper Co's Days Inventory 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.

Heiwa Paper Co Days Inventory Chart

Heiwa Paper Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.32 109.32 113.18 112.62 111.74

Heiwa Paper Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Inventory 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 109.75 116.67 108.47 117.80 106.64

Heiwa Paper Co Days Inventory Competitor Comparison

For the Paper & Paper Products subindustry, Heiwa Paper Co's Days Inventory, along with its competitors' market caps and Days Inventory 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.


Heiwa Paper Co Days Inventory vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Heiwa Paper Co's Days Inventory falls into.


TSE:9929
71GF Score
Heiwa Paper Co Ltd TSE:9929
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Paper Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Heiwa Paper Co's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (3924.708 + 3734.72) / 2 ) / 12509.748*365
=3829.714 / 12509.748*365
=111.74

Heiwa Paper Co's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (3848.444 + 3734.72) / 2 ) / 6488.692*365 / 2
=3791.582 / 6488.692*365 / 2
=106.64

* 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 Inventory →
What does a Days Inventory of 106.64 mean?
Heiwa Paper Co (TSE:9929) has a Days Inventory of 106.64 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Heiwa Paper Co and its competitors. This is near median its historical median of 106.82. Over the past decade, Heiwa Paper Co's Days Inventory has ranged from 88.09 to 113.36. According to the industry distribution chart, Heiwa Paper Co ranks #173 out of 270 companies in the Forest Products industry, placing it in the top 64.1%.
Is Heiwa Paper Co's Days Inventory too high?
Heiwa Paper Co's current Days Inventory of 106.64 is near median its 10-year median of 106.82. Over the past 10 years, this metric has ranged from a low of 88.09 to a high of 113.36. The Forest Products industry median Days Inventory is 89.48. Heiwa Paper Co's value of 106.64 is 19.2% above this industry median. Based on the distribution chart, Heiwa Paper Co ranks #173 out of 270 companies in the Forest Products industry, which is below the industry midpoint. Overall, Heiwa Paper Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's Days Inventory compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #173 out of 270 companies for Days Inventory. This places Heiwa Paper Co in the lower half of its industry. The industry median Days Inventory is 89.48. Heiwa Paper Co's value of 106.64 is 19.2% above this benchmark. Historically, Heiwa Paper Co's own Days Inventory has ranged from 88.09 to 113.36 over the past decade. While the company's 10-year median is 106.82 vs. the industry median of 89.48, Heiwa Paper Co 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 Inventory for a Forest Products company?
The median Days Inventory among Forest Products companies is 89.48, based on 270 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Paper Co's current Days Inventory of 106.64 is 19.2% 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 Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Heiwa Paper Co and its competitors. For the Forest Products industry, the median Days Inventory is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current Days Inventory is 106.64, which is near median its own 10-year median of 106.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.78, compared to a current price of 円467.00 — trading 6.7% above its estimated fair value. The current Days Inventory is 106.64, which is near median its 10-year median of 106.82 and 19.2% above the Forest Products industry median of 89.48. Heiwa Paper Co's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Heiwa Paper Co (TSE:9929), the current Days Inventory is 106.64 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 Heiwa Paper Co (TSE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued. The current stock price of 円467.00 is trading 6.7% above its estimated GF Value™ of 円437.78. GuruFocus considers Heiwa Paper Co to be Fairly Valued.

Key valuation signals for TSE:9929:

  • Days Inventory: 106.64 (near median its 10-year median of 106.82)
  • GF Value™: 円437.78 vs. price of 円467.00 (6.7% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 19.2% above the Forest Products median (#173 of 270)

No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Paper Co Business Description

Address 1-22-11, Shinkawa Chuo-ku, Tokyo, JPN, 104-0033
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
71GF Score

Get the complete analysis for TSE:9929

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

円467.00
Price
円437.78
GF Value