Taiyo Kagaku CoNGO:2902 +0.58%76 Days Payable is 60.07 as of Mar. 2026, which is 5% below its 10-year median of 63.35. GuruFocus rates NGO:2902 with a GF Score™ of 76/100 and a GF Value™ of 円1,866.26 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,550 Chemicals companies, Taiyo Kagaku Co ranks worse than 51.55% on this metric.
The historical rank and industry rank for Taiyo Kagaku Co's Days Payable or its related term are showing as below:
NGO:2902'
s Days Payable Range Over the Past 10 Years
Min: 57.41 Med: 63.35 Max: 81.2
Current: 58.21
During the past 13 years, Taiyo Kagaku Co's highest Days Payable was 81.20. The lowest was 57.41. And the median was 63.35.
NGO:2902's Days Payable is ranked worse than 51.55% of 1550
companies
in the Chemicals industry
Industry Median: 59.795
vs NGO:2902: 58.21
Taiyo Kagaku Co's Days Payable
increased
from Mar. 2025 (57.43) to Mar. 2026 (60.07).
It may suggest that Taiyo Kagaku Codelayed paying its suppliers.
Taiyo Kagaku Co Days Payable Related Terms
Taiyo Kagaku Co Days Payable Historical Data
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The historical data trend for Taiyo Kagaku 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.
NGO:2902 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Taiyo Kagaku 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.
Taiyo Kagaku Co Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiyo Kagaku Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Taiyo Kagaku 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.
Taiyo Kagaku 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.
Taiyo Kagaku Co (NGO:2902) has a Days Payable of 60.07 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 Taiyo Kagaku Co and its competitors. This is near median its historical median of 63.35. Over the past decade, Taiyo Kagaku Co's Days Payable has ranged from 57.41 to 81.20. According to the industry distribution chart, Taiyo Kagaku Co ranks #799 out of 1550 companies in the Chemicals industry, placing it in the top 51.5%.
Is Taiyo Kagaku Co's Days Payable too high?
Taiyo Kagaku Co's current Days Payable of 60.07 is near median its 10-year median of 63.35. Over the past 10 years, this metric has ranged from a low of 57.41 to a high of 81.20. The Chemicals industry median Days Payable is 59.80. Taiyo Kagaku Co's value of 60.07 is 0.5% above this industry median. Based on the distribution chart, Taiyo Kagaku Co ranks #799 out of 1550 companies in the Chemicals industry, which is below the industry midpoint. Overall, Taiyo Kagaku Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiyo Kagaku Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiyo Kagaku Co ranks #799 out of 1550 companies for Days Payable. This places Taiyo Kagaku Co in the lower half of its industry. The industry median Days Payable is 59.80. Taiyo Kagaku Co's value of 60.07 is 0.5% above this benchmark. Historically, Taiyo Kagaku Co's own Days Payable has ranged from 57.41 to 81.20 over the past decade. While the company's 10-year median is 63.35 vs. the industry median of 59.80, Taiyo Kagaku 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 Payable for a Chemicals company?
The median Days Payable among Chemicals companies is 59.80, based on 1,550 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. Taiyo Kagaku Co's current Days Payable of 60.07 is 0.5% 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 Taiyo Kagaku Co and its competitors. For the Chemicals industry, the median Days Payable is 59.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiyo Kagaku Co's current Days Payable is 60.07, which is near median its own 10-year median of 63.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiyo Kagaku Co stock overvalued right now?
Based on GuruFocus' analysis, Taiyo Kagaku Co (NGO:2902) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,866.26, compared to a current price of 円2,796.00 — trading 49.8% above its estimated fair value. The current Days Payable is 60.07, which is near median its 10-year median of 63.35 and 0.5% above the Chemicals industry median of 59.80. Taiyo Kagaku Co's overall GF Score™ is 76/100 with 1 warning sign 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 Taiyo Kagaku Co (NGO:2902), the current Days Payable is 60.07 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 Taiyo Kagaku Co (NGO:2902) Overvalued in 2026?
Based on GuruFocus' analysis, Taiyo Kagaku Co stock appears to be overvalued.
The current stock price of 円2,796.00 is trading 49.8% above its estimated GF Value™ of 円1,866.26.
GuruFocus considers Taiyo Kagaku Co to be Significantly Overvalued.
Key valuation signals for NGO:2902:
Days Payable: 60.07 (near median its 10-year median of 63.35)
GF Value™: 円1,866.26 vs. price of 円2,796.00 (49.8% above fair value)
Industry Position: 0.5% above the Chemicals median (#799 of 1550)
No single metric tells the full story. See the NGO:2902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiyo Kagaku Co Ltd is based in Japan. The company has three reportable segments: the Nutrition Business, the Interface Solutions Business, and the Natural Ingredients Business. The Nutrition Business manufactures and sells functional food ingredients such as catechin (green tea extract), theanine (a functional amino acid), and water-soluble dietary fiber, as well as mineral and vitamin preparations. The Interface Solutions Business manufactures and sells quality improvers such as emulsifiers. The Natural Ingredients Business manufactures and sells food ingredients such as egg products, protein ingredients, ingredients for instant foods, and processed agricultural products, as well as quality improvers and stabilizers.
76GF Score
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