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Kaneso CoNGO:5979 73 Days Payable is 16.72 as of Mar. 2026, which is 23% below its 10-year median of 21.64. GuruFocus rates NGO:5979 with a GF Score™ of 73/100 and a GF Value™ of 円4,622.58 (Fairly Valued). The stock has 6 warning signs investors should review. Among 598 Steel companies, Kaneso Co ranks worse than 79.1% on this metric.
Kaneso Co's average Accounts Payable for the
six
months ended in Mar. 2026 was 円256 Mil. Kaneso Co's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円2,791 Mil.
Hence, Kaneso Co's Days Payable for the
six
months ended in Mar. 2026 was 16.72.
The historical rank and industry rank for Kaneso Co's Days Payable or its related term are showing as below:
NGO:5979'
s Days Payable Range Over the Past 10 Years
Min: 18.57 Med: 21.64 Max: 28.26
Current: 18.57
During the past 13 years, Kaneso Co's highest Days Payable was 28.26. The lowest was 18.57. And the median was 21.64.
NGO:5979's Days Payable is ranked worse than 79.1% of 598
companies
in the Steel industry
Industry Median: 41.37
vs NGO:5979: 18.57
Kaneso Co's Days Payable
declined
from Mar. 2025 (17.16) to Mar. 2026 (16.72).
It may suggest that Kaneso Coaccelerated paying its suppliers.
Kaneso Co Days Payable Related Terms
Kaneso Co Days Payable Historical Data
* Premium members only.
The historical data trend for Kaneso 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:5979 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Kaneso 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.
Kaneso Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Kaneso Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Kaneso 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.
Kaneso 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.
Kaneso Co (NGO:5979) has a Days Payable of 16.72 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 Kaneso Co and its competitors. This is 23% below median its historical median of 21.64. Over the past decade, Kaneso Co's Days Payable has ranged from 18.57 to 28.26. According to the industry distribution chart, Kaneso Co ranks #473 out of 598 companies in the Steel industry, placing it in the top 79.1%.
Is Kaneso Co's Days Payable too high?
Kaneso Co's current Days Payable of 16.72 is 23% below median its 10-year median of 21.64. Over the past 10 years, this metric has ranged from a low of 18.57 to a high of 28.26. The Steel industry median Days Payable is 41.37. Kaneso Co's value of 16.72 is 59.6% below this industry median. Based on the distribution chart, Kaneso Co ranks #473 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Kaneso Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kaneso Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Kaneso Co ranks #473 out of 598 companies for Days Payable. This places Kaneso Co in the lower half of its industry. The industry median Days Payable is 41.37. Kaneso Co's value of 16.72 is 59.6% below this benchmark. Historically, Kaneso Co's own Days Payable has ranged from 18.57 to 28.26 over the past decade. While the company's 10-year median is 21.64 vs. the industry median of 41.37, Kaneso 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Kaneso Co's current Days Payable of 16.72 is 59.6% 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 Kaneso Co and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaneso Co's current Days Payable is 16.72, which is 23% below median its own 10-year median of 21.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaneso Co stock overvalued right now?
Based on GuruFocus' analysis, Kaneso Co (NGO:5979) is currently considered Fairly Valued. The stock's GF Value™ is 円4,622.58, compared to a current price of 円5,080.00 — trading 9.9% above its estimated fair value. The current Days Payable is 16.72, which is 23% below median its 10-year median of 21.64 and 59.6% below the Steel industry median of 41.37. Kaneso Co's overall GF Score™ is 73/100 with 6 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 Kaneso Co (NGO:5979), the current Days Payable is 16.72 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 Kaneso Co (NGO:5979) Overvalued in 2026?
Based on GuruFocus' analysis, Kaneso Co stock appears to be overvalued.
The current stock price of 円5,080.00 is trading 9.9% above its estimated GF Value™ of 円4,622.58.
GuruFocus considers Kaneso Co to be Fairly Valued.
Key valuation signals for NGO:5979:
Days Payable: 16.72 (23% below median its 10-year median of 21.64)
GF Value™: 円4,622.58 vs. price of 円5,080.00 (9.9% above fair value)
Industry Position: 59.6% below the Steel median (#473 of 598)
No single metric tells the full story. See the NGO:5979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaneso Co Ltd is the manufacturer and seller of construction, disaster prevention, urban landscape development, environmental, welfare, greening-related products, and industrial castings. The company generates revenue from Cast iron equipment, Steel equipment, and Fabricated hardware.
73GF Score
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