SHECY (Shin-Etsu Chemical Co) Days Payable: 37.78 (As of Mar. 2026) — 20% Below Median


SHECY Shin-Etsu Chemical Co Ltd SHECY
96 GF Score
Price $21.30
GF Value $17.11
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Shin-Etsu Chemical Co Days Payable?

Shin-Etsu Chemical Co SHECY -1.84% 96 Days Payable is 37.78 as of Mar. 2026, which is 20% below its 10-year median of 47.31. GuruFocus rates SHECY with a GF Score™ of 96/100 and a GF Value™ of $17.11 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,556 Chemicals companies, Shin-Etsu Chemical Co ranks worse than 71.85% on this metric.

Shin-Etsu Chemical Co's average Accounts Payable for the three months ended in Mar. 2026 was $1,144 Mil. Shin-Etsu Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2026 was $2,764 Mil. Hence, Shin-Etsu Chemical Co's Days Payable for the three months ended in Mar. 2026 was 37.78.

The historical rank and industry rank for Shin-Etsu Chemical Co's Days Payable or its related term are showing as below:

SHECY' s Days Payable Range Over the Past 10 Years
Min: 38.03   Med: 47.31   Max: 51.26
Current: 38.03

During the past 13 years, Shin-Etsu Chemical Co's highest Days Payable was 51.26. The lowest was 38.03. And the median was 47.31.

SHECY's Days Payable is ranked worse than
71.85% of 1556 companies
in the Chemicals industry
Industry Median: 59.915 vs SHECY: 38.03

Shin-Etsu Chemical Co's Days Payable declined from Mar. 2025 (39.25) to Mar. 2026 (37.78). It may suggest that Shin-Etsu Chemical Co accelerated paying its suppliers.


Shin-Etsu Chemical Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co Days Payable Chart

Shin-Etsu Chemical Co 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 47.57 44.09 44.75 39.91 40.17

Shin-Etsu Chemical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 39.25 39.04 36.60 39.09 37.78

SHECY vs DOW: Days Payable Comparison

For the Chemicals subindustry, Shin-Etsu Chemical 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.


Shin-Etsu Chemical Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Days Payable falls into.


SHECY
96GF Score
Shin-Etsu Chemical Co Ltd SHECY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin-Etsu Chemical Co 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.

Shin-Etsu Chemical Co'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
=( (1236.898 + 1111.646) / 2 ) / 10670.2*365
=1174.272 / 10670.2*365
=40.17

Shin-Etsu Chemical Co'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
=( (1176.84 + 1111.646) / 2 ) / 2763.893*365 / 4
=1144.243 / 2763.893*365 / 4
=37.78

* 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 37.78 mean?
Shin-Etsu Chemical Co (SHECY) has a Days Payable of 37.78 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 Shin-Etsu Chemical Co and its competitors. This is 20% below median its historical median of 47.31. Over the past decade, Shin-Etsu Chemical Co's Days Payable has ranged from 38.03 to 51.26. According to the industry distribution chart, Shin-Etsu Chemical Co ranks #1118 out of 1556 companies in the Chemicals industry, placing it in the top 71.9%.
Is Shin-Etsu Chemical Co's Days Payable too high?
Shin-Etsu Chemical Co's current Days Payable of 37.78 is 20% below median its 10-year median of 47.31. Over the past 10 years, this metric has ranged from a low of 38.03 to a high of 51.26. The Chemicals industry median Days Payable is 59.92. Shin-Etsu Chemical Co's value of 37.78 is 36.9% below this industry median. Based on the distribution chart, Shin-Etsu Chemical Co ranks #1118 out of 1556 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shin-Etsu Chemical Co has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin-Etsu Chemical Co's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Shin-Etsu Chemical Co ranks #1118 out of 1556 companies for Days Payable. This places Shin-Etsu Chemical Co in the lower half of its industry. The industry median Days Payable is 59.92. Shin-Etsu Chemical Co's value of 37.78 is 36.9% below this benchmark. Historically, Shin-Etsu Chemical Co's own Days Payable has ranged from 38.03 to 51.26 over the past decade. While the company's 10-year median is 47.31 vs. the industry median of 59.92, Shin-Etsu Chemical 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.92, based on 1,556 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. Shin-Etsu Chemical Co's current Days Payable of 37.78 is 36.9% 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 Shin-Etsu Chemical Co and its competitors. For the Chemicals industry, the median Days Payable is 59.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin-Etsu Chemical Co's current Days Payable is 37.78, which is 20% below median its own 10-year median of 47.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin-Etsu Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Shin-Etsu Chemical Co (SHECY) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.11, compared to a current price of $21.30 — trading 24.5% above its estimated fair value. The current Days Payable is 37.78, which is 20% below median its 10-year median of 47.31 and 36.9% below the Chemicals industry median of 59.92. Shin-Etsu Chemical Co's overall GF Score™ is 96/100 with 2 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 Shin-Etsu Chemical Co (SHECY), the current Days Payable is 37.78 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 Shin-Etsu Chemical Co (SHECY) Overvalued in 2026?

Based on GuruFocus' analysis, Shin-Etsu Chemical Co stock appears to be overvalued. The current stock price of $21.30 is trading 24.5% above its estimated GF Value™ of $17.11. GuruFocus considers Shin-Etsu Chemical Co to be Modestly Overvalued.

Key valuation signals for SHECY:

  • Days Payable: 37.78 (20% below median its 10-year median of 47.31)
  • GF Value™: $17.11 vs. price of $21.30 (24.5% above fair value)
  • GF Score™: 96/100 with 2 warning signs
  • Industry Position: 36.9% below the Chemicals median (#1118 of 1556)

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


Shin-Etsu Chemical Co Business Description

Address 1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Shin Etsu Chemical is an industrial conglomerate that was founded in 1926. Some of its largest product groups are silicon metal, polymer, silicone, rare-earth, and cellulose products. It holds top rankings in several markets, notably as the largest PVC and silicon wafer producer globally. Shin-Etsu is most exposed to the construction, semiconductors, and pharmaceutical sectors. Shin Etsu employed 27,342 people as of March 31, 2026, and has production bases in 17 countries.
96GF Score

Get the complete analysis for SHECY

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

$21.30
Price
$17.11
GF Value