Noritake CoFRA:NO4 -2.73%71 Days Payable is 23.40 as of Mar. 2026, which is 40% below its 10-year median of 39.32. GuruFocus rates FRA:NO4 with a GF Score™ of 71/100 and a GF Value™ of €11.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 507 Conglomerates companies, Noritake Co ranks worse than 86.39% on this metric.
The historical rank and industry rank for Noritake Co's Days Payable or its related term are showing as below:
FRA:NO4'
s Days Payable Range Over the Past 10 Years
Min: 25.76 Med: 39.32 Max: 50.11
Current: 25.76
During the past 13 years, Noritake Co's highest Days Payable was 50.11. The lowest was 25.76. And the median was 39.32.
FRA:NO4's Days Payable is ranked worse than 86.39% of 507
companies
in the Conglomerates industry
Industry Median: 56
vs FRA:NO4: 25.76
Noritake Co's Days Payable
declined
from Mar. 2025 (30.23) to Mar. 2026 (23.40).
It may suggest that Noritake Coaccelerated paying its suppliers.
Noritake Co Days Payable Related Terms
Noritake Co Days Payable Historical Data
* Premium members only.
The historical data trend for Noritake Co'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 Conglomerates subindustry, Noritake Co'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.
Noritake Co Days Payable vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Noritake Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Noritake Co'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.
Noritake Co's Days Payable for the fiscal year that 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.
Noritake Co (FRA:NO4) has a Days Payable of 23.40 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 Noritake Co and its competitors. This is 40% below median its historical median of 39.32. Over the past decade, Noritake Co's Days Payable has ranged from 25.76 to 50.11. According to the industry distribution chart, Noritake Co ranks #438 out of 507 companies in the Conglomerates industry, placing it in the top 86.4%.
Is Noritake Co's Days Payable too high?
Noritake Co's current Days Payable of 23.40 is 40% below median its 10-year median of 39.32. Over the past 10 years, this metric has ranged from a low of 25.76 to a high of 50.11. The Conglomerates industry median Days Payable is 56.00. Noritake Co's value of 23.40 is 58.2% below this industry median. Based on the distribution chart, Noritake Co ranks #438 out of 507 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Noritake Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritake Co's Days Payable compare to HON and MMM?
According to the Conglomerates industry distribution chart, Noritake Co ranks #438 out of 507 companies for Days Payable. This places Noritake Co in the lower half of its industry. The industry median Days Payable is 56.00. Noritake Co's value of 23.40 is 58.2% below this benchmark. Historically, Noritake Co's own Days Payable has ranged from 25.76 to 50.11 over the past decade. While the company's 10-year median is 39.32 vs. the industry median of 56.00, Noritake Co 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 Conglomerates company?
The median Days Payable among Conglomerates companies is 56.00, based on 507 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. Noritake Co's current Days Payable of 23.40 is 58.2% 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 Noritake Co and its competitors. For the Conglomerates industry, the median Days Payable is 56.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritake Co's current Days Payable is 23.40, which is 40% below median its own 10-year median of 39.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritake Co stock overvalued right now?
Based on GuruFocus' analysis, Noritake Co (FRA:NO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.42, compared to a current price of €21.40 — trading 87.4% above its estimated fair value. The current Days Payable is 23.40, which is 40% below median its 10-year median of 39.32 and 58.2% below the Conglomerates industry median of 56.00. Noritake Co's overall GF Score™ is 71/100 with 7 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 Noritake Co (FRA:NO4), the current Days Payable is 23.40 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 Noritake Co (FRA:NO4) Overvalued in 2026?
Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued.
The current stock price of €21.40 is trading 87.4% above its estimated GF Value™ of €11.42.
GuruFocus considers Noritake Co to be Significantly Overvalued.
Key valuation signals for FRA:NO4:
Days Payable: 23.40 (40% below median its 10-year median of 39.32)
GF Value™: €11.42 vs. price of €21.40 (87.4% above fair value)
Industry Position: 58.2% below the Conglomerates median (#438 of 507)
No single metric tells the full story. See the FRA:NO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.
71GF Score
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