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Meiko Trans CoNGO:9357 -0.04%66 Days Payable is 30.71 as of Mar. 2026, which is 6% above its 10-year median of 29.00. GuruFocus rates NGO:9357 with a GF Score™ of 66/100 and a GF Value™ of 円1,604.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 969 Transportation companies, Meiko Trans Co ranks worse than 62.95% on this metric.
The historical rank and industry rank for Meiko Trans Co's Days Payable or its related term are showing as below:
NGO:9357'
s Days Payable Range Over the Past 10 Years
Min: 27.28 Med: 29 Max: 30.56
Current: 29.57
During the past 13 years, Meiko Trans Co's highest Days Payable was 30.56. The lowest was 27.28. And the median was 29.00.
NGO:9357's Days Payable is ranked worse than 62.95% of 969
companies
in the Transportation industry
Industry Median: 38.61
vs NGO:9357: 29.57
Meiko Trans Co's Days Payable
increased
from Mar. 2025 (27.54) to Mar. 2026 (30.71).
It may suggest that Meiko Trans Codelayed paying its suppliers.
Meiko Trans Co Days Payable Related Terms
Meiko Trans Co Days Payable Historical Data
* Premium members only.
The historical data trend for Meiko Trans 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:9357 vs UPS, FDX, JBHT: Days Payable Comparison
For the Integrated Freight & Logistics subindustry, Meiko Trans 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.
Meiko Trans Co Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Meiko Trans Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Meiko Trans 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.
Meiko Trans 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.
Meiko Trans Co (NGO:9357) has a Days Payable of 30.71 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 Meiko Trans Co and its competitors. This is near median its historical median of 29.00. Over the past decade, Meiko Trans Co's Days Payable has ranged from 27.28 to 30.56. According to the industry distribution chart, Meiko Trans Co ranks #610 out of 969 companies in the Transportation industry, placing it in the top 63%.
Is Meiko Trans Co's Days Payable too high?
Meiko Trans Co's current Days Payable of 30.71 is near median its 10-year median of 29.00. Over the past 10 years, this metric has ranged from a low of 27.28 to a high of 30.56. The Transportation industry median Days Payable is 38.61. Meiko Trans Co's value of 30.71 is 20.5% below this industry median. Based on the distribution chart, Meiko Trans Co ranks #610 out of 969 companies in the Transportation industry, which is below the industry midpoint. Overall, Meiko Trans Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Trans Co's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, Meiko Trans Co ranks #610 out of 969 companies for Days Payable. This places Meiko Trans Co in the lower half of its industry. The industry median Days Payable is 38.61. Meiko Trans Co's value of 30.71 is 20.5% below this benchmark. Historically, Meiko Trans Co's own Days Payable has ranged from 27.28 to 30.56 over the past decade. While the company's 10-year median is 29.00 vs. the industry median of 38.61, Meiko Trans 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 Transportation company?
The median Days Payable among Transportation companies is 38.61, based on 969 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. Meiko Trans Co's current Days Payable of 30.71 is 20.5% 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 Meiko Trans Co and its competitors. For the Transportation industry, the median Days Payable is 38.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiko Trans Co's current Days Payable is 30.71, which is near median its own 10-year median of 29.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiko Trans Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Trans Co (NGO:9357) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,604.43, compared to a current price of 円2,400.00 — trading 49.6% above its estimated fair value. The current Days Payable is 30.71, which is near median its 10-year median of 29.00 and 20.5% below the Transportation industry median of 38.61. Meiko Trans Co's overall GF Score™ is 66/100 with 7 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 Meiko Trans Co (NGO:9357), the current Days Payable is 30.71 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 Meiko Trans Co (NGO:9357) Overvalued in 2026?
Based on GuruFocus' analysis, Meiko Trans Co stock appears to be overvalued.
The current stock price of 円2,400.00 is trading 49.6% above its estimated GF Value™ of 円1,604.43.
GuruFocus considers Meiko Trans Co to be Significantly Overvalued.
Key valuation signals for NGO:9357:
Days Payable: 30.71 (near median its 10-year median of 29.00)
GF Value™: 円1,604.43 vs. price of 円2,400.00 (49.6% above fair value)
Industry Position: 20.5% below the Transportation median (#610 of 969)
No single metric tells the full story. See the NGO:9357 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiko Trans Co Ltd is engaged in providing multi-modal transport services. The company offers various services such as Export, Import, Domestic distribution, Warehousing operations, Port operations, 3rd party logistics, Packaging services, Customs brokerage, Air transport operation, and others.
66GF Score
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