Shinwa CoNGO:3447 75 Days Payable is 32.16 as of Mar. 2026, which is 5% below its 10-year median of 33.72. GuruFocus rates NGO:3447 with a GF Score™ of 75/100 and a GF Value™ of 円1,024.32. The stock has 4 warning signs investors should review. Among 2,987 Industrial Products companies, Shinwa Co ranks worse than 82.52% on this metric.
Shinwa Co's average Accounts Payable for the
six
months ended in Mar. 2026 was 円1,342 Mil. Shinwa Co's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円7,618 Mil.
Hence, Shinwa Co's Days Payable for the
six
months ended in Mar. 2026 was 32.16.
The historical rank and industry rank for Shinwa Co's Days Payable or its related term are showing as below:
NGO:3447'
s Days Payable Range Over the Past 10 Years
Min: 27.44 Med: 33.72 Max: 39.4
Current: 35.48
During the past 10 years, Shinwa Co's highest Days Payable was 39.40. The lowest was 27.44. And the median was 33.72.
NGO:3447's Days Payable is ranked worse than 82.52% of 2987
companies
in the Industrial Products industry
Industry Median: 78.05
vs NGO:3447: 35.48
Shinwa Co's Days Payable
declined
from Mar. 2025 (36.08) to Mar. 2026 (32.16).
It may suggest that Shinwa Coaccelerated paying its suppliers.
Shinwa Co Days Payable Related Terms
Shinwa Co Days Payable Historical Data
* Premium members only.
The historical data trend for Shinwa 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:3447 vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, Shinwa 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.
Shinwa Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shinwa Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Shinwa 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.
Shinwa 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.
Shinwa Co (NGO:3447) has a Days Payable of 32.16 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 Shinwa Co and its competitors. This is near median its historical median of 33.72. Over the past decade, Shinwa Co's Days Payable has ranged from 27.44 to 39.40. According to the industry distribution chart, Shinwa Co ranks #2465 out of 2987 companies in the Industrial Products industry, placing it in the top 82.5%.
Is Shinwa Co's Days Payable too high?
Shinwa Co's current Days Payable of 32.16 is near median its 10-year median of 33.72. Over the past 10 years, this metric has ranged from a low of 27.44 to a high of 39.40. The Industrial Products industry median Days Payable is 78.05. Shinwa Co's value of 32.16 is 58.8% below this industry median. Based on the distribution chart, Shinwa Co ranks #2465 out of 2987 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shinwa Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #2465 out of 2987 companies for Days Payable. This places Shinwa Co in the lower half of its industry. The industry median Days Payable is 78.05. Shinwa Co's value of 32.16 is 58.8% below this benchmark. Historically, Shinwa Co's own Days Payable has ranged from 27.44 to 39.40 over the past decade. While the company's 10-year median is 33.72 vs. the industry median of 78.05, Shinwa 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 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. Shinwa Co's current Days Payable of 32.16 is 58.8% 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 Shinwa Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current Days Payable is 32.16, which is near median its own 10-year median of 33.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Days Payable of 32.16. The stock's GF Value™ is 円1,024.32, compared to a current price of 円886.00 — trading 13.5% below its estimated fair value. The current Days Payable is 32.16, which is near median its 10-year median of 33.72 and 58.8% below the Industrial Products industry median of 78.05. Shinwa Co's overall GF Score™ is 75/100 with 4 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 Shinwa Co (NGO:3447), the current Days Payable is 32.16 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 Shinwa Co (NGO:3447) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued.
The current stock price of 円886.00 is trading 13.5% below its estimated GF Value™ of 円1,024.32.
Key valuation signals for NGO:3447:
Days Payable: 32.16 (near median its 10-year median of 33.72)
GF Value™: 円1,024.32 vs. price of 円886.00 (13.5% below fair value)
Industry Position: 58.8% below the Industrial Products median (#2465 of 2987)
No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
75GF Score
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