NICFF (Nichias) Days Payable: 32.63 (As of Mar. 2026) — 30% Below Median


NICFF Nichias Corp NICFF
70 GF Score
Price $22.13
GF Value $9.69
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nichias Days Payable?

Nichias NICFF 70 Days Payable is 32.63 as of Mar. 2026, which is 30% below its 10-year median of 46.66. GuruFocus rates NICFF with a GF Score™ of 70/100 and a GF Value™ of $9.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 505 Conglomerates companies, Nichias ranks worse than 75.25% on this metric.

Nichias's average Accounts Payable for the three months ended in Mar. 2026 was $107 Mil. Nichias's Cost of Goods Sold for the three months ended in Mar. 2026 was $299 Mil. Hence, Nichias's Days Payable for the three months ended in Mar. 2026 was 32.63.

The historical rank and industry rank for Nichias's Days Payable or its related term are showing as below:

NICFF' s Days Payable Range Over the Past 10 Years
Min: 34.46   Med: 46.66   Max: 55.84
Current: 34.46

During the past 13 years, Nichias's highest Days Payable was 55.84. The lowest was 34.46. And the median was 46.66.

NICFF's Days Payable is ranked worse than
75.25% of 505 companies
in the Conglomerates industry
Industry Median: 55.71 vs NICFF: 34.46

Nichias's Days Payable declined from Mar. 2025 (35.03) to Mar. 2026 (32.63). It may suggest that Nichias accelerated paying its suppliers.


Nichias Days Payable Historical Data

* Premium members only.

The historical data trend for Nichias'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.

Nichias Days Payable Chart

Nichias Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.71 49.46 46.98 38.90 36.32

Nichias Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.03 35.46 35.41 34.87 32.63

NICFF vs HON, MMM: Days Payable Comparison

For the Conglomerates subindustry, Nichias'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.


Nichias Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nichias's Days Payable distribution charts can be found below:

* The bar in red indicates where Nichias's Days Payable falls into.


NICFF
70GF Score
Nichias Corp NICFF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichias Days Payable Calculation

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.

Nichias's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (123.442 + 104.851) / 2 ) / 1147.018*365
=114.1465 / 1147.018*365
=36.32

Nichias's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (109.29 + 104.851) / 2 ) / 299.465*365 / 4
=107.0705 / 299.465*365 / 4
=32.63

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 32.63 mean?
Nichias (NICFF) has a Days Payable of 32.63 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 Nichias and its competitors. This is 30% below median its historical median of 46.66. Over the past decade, Nichias' Days Payable has ranged from 34.46 to 55.84. According to the industry distribution chart, Nichias ranks #380 out of 505 companies in the Conglomerates industry, placing it in the top 75.2%.
Is Nichias' Days Payable too high?
Nichias' current Days Payable of 32.63 is 30% below median its 10-year median of 46.66. Over the past 10 years, this metric has ranged from a low of 34.46 to a high of 55.84. The Conglomerates industry median Days Payable is 55.71. Nichias' value of 32.63 is 41.4% below this industry median. Based on the distribution chart, Nichias ranks #380 out of 505 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Nichias has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichias' Days Payable compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nichias ranks #380 out of 505 companies for Days Payable. This places Nichias in the lower half of its industry. The industry median Days Payable is 55.71. Nichias' value of 32.63 is 41.4% below this benchmark. Historically, Nichias' own Days Payable has ranged from 34.46 to 55.84 over the past decade. While the company's 10-year median is 46.66 vs. the industry median of 55.71, Nichias 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 Conglomerates company?
The median Days Payable among Conglomerates companies is 55.71, based on 505 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. Nichias's current Days Payable of 32.63 is 41.4% 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 Nichias and its competitors. For the Conglomerates industry, the median Days Payable is 55.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichias's current Days Payable is 32.63, which is 30% below median its own 10-year median of 46.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichias stock overvalued right now?
Based on GuruFocus' analysis, Nichias (NICFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.69, compared to a current price of $22.13 — trading 128.3% above its estimated fair value. The current Days Payable is 32.63, which is 30% below median its 10-year median of 46.66 and 41.4% below the Conglomerates industry median of 55.71. Nichias' overall GF Score™ is 70/100 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 Nichias (NICFF), the current Days Payable is 32.63 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 Nichias (NICFF) Overvalued in 2026?

Based on GuruFocus' analysis, Nichias stock appears to be overvalued. The current stock price of $22.13 is trading 128.3% above its estimated GF Value™ of $9.69. GuruFocus considers Nichias to be Significantly Overvalued.

Key valuation signals for NICFF:

  • Days Payable: 32.63 (30% below median its 10-year median of 46.66)
  • GF Value™: $9.69 vs. price of $22.13 (128.3% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 41.4% below the Conglomerates median (#380 of 505)

No single metric tells the full story. See the NICFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichias Business Description

Other Exchanges 5393:Japan
Address 6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555
Nichias Corp is engaged in the development, manufacturing, and sale of a wide range of thermal insulation and industrial materials. The company operates through five reportable segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Automotive Parts, and Construction Materials. Its business activities include providing thermal insulation and disaster prevention works for electric power and petrochemical plants, as well as producing sealing materials, fluoroplastic molding products, and non-combustible building materials for industrial and infrastructure applications. It generates the majority of its revenue from the Construction and Sales for Plants segment.
70GF Score

Get the complete analysis for NICFF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.13
Price
$9.69
GF Value