MercariMRCIF 62 Days Payable is 105.94 as of Mar. 2026, which is 19% below its 10-year median of 131.57. GuruFocus rates MRCIF with a GF Score™ of 62/100 and a GF Value™ of $12.47. The stock has 5 warning signs investors should review. Among 1,102 Retail - Cyclical companies, Mercari ranks better than 81.4% on this metric.
Mercari's average Accounts Payable for the
three
months ended in Mar. 2026 was $113 Mil. Mercari's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $97 Mil.
Hence, Mercari's Days Payable for the
three
months ended in Mar. 2026 was 105.94.
The historical rank and industry rank for Mercari's Days Payable or its related term are showing as below:
MRCIF'
s Days Payable Range Over the Past 10 Years
Min: 111.97 Med: 131.57 Max: 141.43
Current: 111.97
During the past 10 years, Mercari's highest Days Payable was 141.43. The lowest was 111.97. And the median was 131.57.
MRCIF's Days Payable is ranked better than 81.4% of 1102
companies
in the Retail - Cyclical industry
Industry Median: 51.215
vs MRCIF: 111.97
Mercari's Days Payable
declined
from Mar. 2025 (158.87) to Mar. 2026 (105.94).
It may suggest that Mercariaccelerated paying its suppliers.
Mercari Days Payable Related Terms
Mercari Days Payable Historical Data
* Premium members only.
The historical data trend for Mercari'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 Internet Retail subindustry, Mercari'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.
Mercari Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mercari's Days Payable distribution charts can be found below:
* The bar in red indicates where Mercari'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.
Mercari's Days Payable for the fiscal year that ended in Jun. 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.
Mercari (MRCIF) has a Days Payable of 105.94 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 Mercari and its competitors. This is 19% below median its historical median of 131.57. Over the past decade, Mercari's Days Payable has ranged from 111.97 to 141.43. According to the industry distribution chart, Mercari ranks #205 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 18.6%.
Is Mercari's Days Payable too high?
Mercari's current Days Payable of 105.94 is 19% below median its 10-year median of 131.57. Over the past 10 years, this metric has ranged from a low of 111.97 to a high of 141.43. The Retail - Cyclical industry median Days Payable is 51.22. Mercari's value of 105.94 is 106.9% above this industry median. Based on the distribution chart, Mercari ranks #205 out of 1102 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Mercari has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Mercari's Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Mercari ranks #205 out of 1102 companies for Days Payable. This places Mercari in the top 19% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.22. Mercari's value of 105.94 is 106.9% above this benchmark. Historically, Mercari's own Days Payable has ranged from 111.97 to 141.43 over the past decade. While the company's 10-year median is 131.57 vs. the industry median of 51.22, Mercari 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 Payable for a Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.22, based on 1,102 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. Mercari's current Days Payable of 105.94 is 106.9% 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 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 Mercari and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercari's current Days Payable is 105.94, which is 19% below median its own 10-year median of 131.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercari stock overvalued right now?
Mercari (MRCIF) has a current Days Payable of 105.94. The stock's GF Value™ is $12.47, compared to a current price of $15.88 — trading 27.3% above its estimated fair value. The current Days Payable is 105.94, which is 19% below median its 10-year median of 131.57 and 106.9% above the Retail - Cyclical industry median of 51.22. Mercari's overall GF Score™ is 62/100 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 Mercari (MRCIF), the current Days Payable is 105.94 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 Mercari (MRCIF) Overvalued in 2026?
Based on GuruFocus' analysis, Mercari stock appears to be overvalued.
The current stock price of $15.88 is trading 27.3% above its estimated GF Value™ of $12.47.
Key valuation signals for MRCIF:
Days Payable: 105.94 (19% below median its 10-year median of 131.57)
GF Value™: $12.47 vs. price of $15.88 (27.3% above fair value)
Industry Position: 106.9% above the Retail - Cyclical median (#205 of 1102)
No single metric tells the full story. See the MRCIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.
62GF Score
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