Showa Manufacturing Co (FSE:5953) Days Payable: 26.85 (As of Mar. 2026) — 68% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FSE:5953 Showa Manufacturing Co Ltd FSE:5953
49 GF Score
Price 円7,200.00
GF Value 円3,429.87
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Showa Manufacturing Co Days Payable?

Showa Manufacturing Co FSE:5953 49 Days Payable is 26.85 as of Mar. 2026, which is 68% below its 10-year median of 83.28. GuruFocus rates FSE:5953 with a GF Score™ of 49/100 and a GF Value™ of 円3,429.87 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,440 Hardware companies, Showa Manufacturing Co ranks worse than 86.31% on this metric.

Showa Manufacturing Co's average Accounts Payable for the six months ended in Mar. 2026 was 円900 Mil. Showa Manufacturing Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円6,118 Mil. Hence, Showa Manufacturing Co's Days Payable for the six months ended in Mar. 2026 was 26.85.

The historical rank and industry rank for Showa Manufacturing Co's Days Payable or its related term are showing as below:

FSE:5953' s Days Payable Range Over the Past 10 Years
Min: 29.4   Med: 83.28   Max: 109.07
Current: 30.52

During the past 13 years, Showa Manufacturing Co's highest Days Payable was 109.07. The lowest was 29.40. And the median was 83.28.

FSE:5953's Days Payable is ranked worse than
86.31% of 2440 companies
in the Hardware industry
Industry Median: 69.91 vs FSE:5953: 30.52

Showa Manufacturing Co's Days Payable increased from Mar. 2025 (25.10) to Mar. 2026 (26.85). It may suggest that Showa Manufacturing Co delayed paying its suppliers.


Showa Manufacturing Co Days Payable Historical Data

* Premium members only.

The historical data trend for Showa Manufacturing 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.

Showa Manufacturing Co Days Payable Chart

Showa Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.39 33.78 29.40 29.58 29.64

Showa Manufacturing 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 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 26.76 29.11 25.10 36.42 26.85

FSE:5953 vs APH, GLW, TEL: Days Payable Comparison

For the Electronic Components subindustry, Showa Manufacturing 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.


Showa Manufacturing Co Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Showa Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Showa Manufacturing Co's Days Payable falls into.


FSE:5953
49GF Score
Showa Manufacturing Co Ltd FSE:5953
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Showa Manufacturing Co 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.

Showa Manufacturing Co's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (887 + 853) / 2 ) / 10713*365
=870 / 10713*365
=29.64

Showa Manufacturing Co'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (947 + 853) / 2 ) / 6118*365 / 2
=900 / 6118*365 / 2
=26.85

* 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 26.85 mean?
Showa Manufacturing Co (FSE:5953) has a Days Payable of 26.85 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 Showa Manufacturing Co and its competitors. This is 68% below median its historical median of 83.28. Over the past decade, Showa Manufacturing Co's Days Payable has ranged from 29.40 to 109.07. According to the industry distribution chart, Showa Manufacturing Co ranks #2106 out of 2440 companies in the Hardware industry, placing it in the top 86.3%.
Is Showa Manufacturing Co's Days Payable too high?
Showa Manufacturing Co's current Days Payable of 26.85 is 68% below median its 10-year median of 83.28. Over the past 10 years, this metric has ranged from a low of 29.40 to a high of 109.07. The Hardware industry median Days Payable is 69.91. Showa Manufacturing Co's value of 26.85 is 61.6% below this industry median. Based on the distribution chart, Showa Manufacturing Co ranks #2106 out of 2440 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Showa Manufacturing Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Showa Manufacturing Co's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Showa Manufacturing Co ranks #2106 out of 2440 companies for Days Payable. This places Showa Manufacturing Co in the lower half of its industry. The industry median Days Payable is 69.91. Showa Manufacturing Co's value of 26.85 is 61.6% below this benchmark. Historically, Showa Manufacturing Co's own Days Payable has ranged from 29.40 to 109.07 over the past decade. While the company's 10-year median is 83.28 vs. the industry median of 69.91, Showa Manufacturing 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 Hardware company?
The median Days Payable among Hardware companies is 69.91, based on 2,440 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. Showa Manufacturing Co's current Days Payable of 26.85 is 61.6% 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 Showa Manufacturing Co and its competitors. For the Hardware industry, the median Days Payable is 69.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Showa Manufacturing Co's current Days Payable is 26.85, which is 68% below median its own 10-year median of 83.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showa Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Showa Manufacturing Co (FSE:5953) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,429.87, compared to a current price of 円7,200.00 — trading 109.9% above its estimated fair value. The current Days Payable is 26.85, which is 68% below median its 10-year median of 83.28 and 61.6% below the Hardware industry median of 69.91. Showa Manufacturing Co's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Showa Manufacturing Co (FSE:5953), the current Days Payable is 26.85 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 Showa Manufacturing Co (FSE:5953) Overvalued in 2026?

Based on GuruFocus' analysis, Showa Manufacturing Co stock appears to be overvalued. The current stock price of 円7,200.00 is trading 109.9% above its estimated GF Value™ of 円3,429.87. GuruFocus considers Showa Manufacturing Co to be Significantly Overvalued.

Key valuation signals for FSE:5953:

  • Days Payable: 26.85 (68% below median its 10-year median of 83.28)
  • GF Value™: 円3,429.87 vs. price of 円7,200.00 (109.9% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 61.6% below the Hardware median (#2106 of 2440)

No single metric tells the full story. See the FSE:5953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Showa Manufacturing Co Business Description

Address 3351-8 Umi, Umi-cho, Kasuya-gun, Fukuoka, JPN, 811-2101
Showa Manufacturing Co Ltd manufactures and sales heat source and hot water supply products. It also provides air conditioning, environmental products, casting products, and special heat source products. Casting products include boilers which are used in jet engine parts and nuclear reactor parts, general machinery, automobiles. Special heat source product includes high-clean heat treatment furnace and ultra-thin electric heater which performs drying, baking, and annealing of PDP, LCD, OLED. The company has three reportable segments: Materials Processing Business, Materials Processing Business, and Service Engineering Business.
49GF Score

Get the complete analysis for FSE:5953

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

円7,200.00
Price
円3,429.87
GF Value