Nichiryo Baking Co (SSE:2218) Days Payable: 40.74 (As of Mar. 2026) — Near Median


SSE:2218 Nichiryo Baking Co Ltd SSE:2218
58 GF Score
Price 円2,163.00
GF Value 円2,346.57
Valuation Fairly Valued
! 4 Warning Signs
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What is Nichiryo Baking Co Days Payable?

Nichiryo Baking Co SSE:2218 -0.09% 58 Days Payable is 40.74 as of Mar. 2026, which is 1% above its 10-year median of 40.16. GuruFocus rates SSE:2218 with a GF Score™ of 58/100 and a GF Value™ of 円2,346.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,881 Consumer Packaged Goods companies, Nichiryo Baking Co ranks worse than 57.42% on this metric.

Nichiryo Baking Co's average Accounts Payable for the six months ended in Mar. 2026 was 円1,607 Mil. Nichiryo Baking Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円7,198 Mil. Hence, Nichiryo Baking Co's Days Payable for the six months ended in Mar. 2026 was 40.74.

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

SSE:2218' s Days Payable Range Over the Past 10 Years
Min: 31.94   Med: 40.16   Max: 56.56
Current: 38.38

During the past 13 years, Nichiryo Baking Co's highest Days Payable was 56.56. The lowest was 31.94. And the median was 40.16.

SSE:2218's Days Payable is ranked worse than
57.42% of 1881 companies
in the Consumer Packaged Goods industry
Industry Median: 43.96 vs SSE:2218: 38.38

Nichiryo Baking Co's Days Payable declined from Mar. 2025 (44.03) to Mar. 2026 (40.74). It may suggest that Nichiryo Baking Co accelerated paying its suppliers.


Nichiryo Baking Co Days Payable Historical Data

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The historical data trend for Nichiryo Baking 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.

Nichiryo Baking Co Days Payable Chart

Nichiryo Baking 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 38.64 35.70 33.77 32.87 31.94

Nichiryo Baking Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 45.19 46.66 44.03 42.52 40.74

SSE:2218 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Nichiryo Baking 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.


Nichiryo Baking Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nichiryo Baking Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nichiryo Baking Co's Days Payable falls into.


SSE:2218
58GF Score
Nichiryo Baking Co Ltd SSE:2218
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nichiryo Baking 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.

Nichiryo Baking 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
=( (1197.425 + 1249.482) / 2 ) / 13982.658*365
=1223.4535 / 13982.658*365
=31.94

Nichiryo Baking 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1964.413 + 1249.482) / 2 ) / 7197.975*365 / 2
=1606.9475 / 7197.975*365 / 2
=40.74

* 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 40.74 mean?
Nichiryo Baking Co (SSE:2218) has a Days Payable of 40.74 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 Nichiryo Baking Co and its competitors. This is near median its historical median of 40.16. Over the past decade, Nichiryo Baking Co's Days Payable has ranged from 31.94 to 56.56. According to the industry distribution chart, Nichiryo Baking Co ranks #1080 out of 1881 companies in the Consumer Packaged Goods industry, placing it in the top 57.4%.
Is Nichiryo Baking Co's Days Payable too high?
Nichiryo Baking Co's current Days Payable of 40.74 is near median its 10-year median of 40.16. Over the past 10 years, this metric has ranged from a low of 31.94 to a high of 56.56. The Consumer Packaged Goods industry median Days Payable is 43.96. Nichiryo Baking Co's value of 40.74 is 7.3% below this industry median. Based on the distribution chart, Nichiryo Baking Co ranks #1080 out of 1881 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Nichiryo Baking Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichiryo Baking Co's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nichiryo Baking Co ranks #1080 out of 1881 companies for Days Payable. This places Nichiryo Baking Co in the lower half of its industry. The industry median Days Payable is 43.96. Nichiryo Baking Co's value of 40.74 is 7.3% below this benchmark. Historically, Nichiryo Baking Co's own Days Payable has ranged from 31.94 to 56.56 over the past decade. While the company's 10-year median is 40.16 vs. the industry median of 43.96, Nichiryo Baking 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.96, based on 1,881 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. Nichiryo Baking Co's current Days Payable of 40.74 is 7.3% 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 Nichiryo Baking Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichiryo Baking Co's current Days Payable is 40.74, which is near median its own 10-year median of 40.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichiryo Baking Co stock overvalued right now?
Based on GuruFocus' analysis, Nichiryo Baking Co (SSE:2218) is currently considered Fairly Valued. The stock's GF Value™ is 円2,346.57, compared to a current price of 円2,163.00 — trading 7.8% below its estimated fair value. The current Days Payable is 40.74, which is near median its 10-year median of 40.16 and 7.3% below the Consumer Packaged Goods industry median of 43.96. Nichiryo Baking Co's overall GF Score™ is 58/100 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 Nichiryo Baking Co (SSE:2218), the current Days Payable is 40.74 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 Nichiryo Baking Co (SSE:2218) Overvalued in 2026?

Based on GuruFocus' analysis, Nichiryo Baking Co stock appears to be undervalued. The current stock price of 円2,163.00 is trading 7.8% below its estimated GF Value™ of 円2,346.57. GuruFocus considers Nichiryo Baking Co to be Fairly Valued.

Key valuation signals for SSE:2218:

  • Days Payable: 40.74 (near median its 10-year median of 40.16)
  • GF Value™: 円2,346.57 vs. price of 円2,163.00 (7.8% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 7.3% below the Consumer Packaged Goods median (#1080 of 1881)

No single metric tells the full story. See the SSE:2218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichiryo Baking Co Business Description

Address Toyohira-ku Tsukisa Higashi, Sapporo, JPN, 1118-551
Nichiryo Baking Co Ltd engages in the manufacturing and sale of food products in Japan. The company's products include bread, bakery, pastry, candy products, plain bread, meal bread, sweet bread, Japanese confectionery, northern country bakery, boiled rice, cooked bread. It also sales seasonal items.
58GF Score

Get the complete analysis for SSE:2218

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

円2,163.00
Price
円2,346.57
GF Value