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Topcon's average Accounts Payable for the
three
months ended in Sep. 2025 was $88 Mil. Topcon's Cost of Goods Sold for the
three
months ended in Sep. 2025 was $165 Mil.
Hence, Topcon's Days Payable for the
three
months ended in Sep. 2025 was 48.39.
The historical rank and industry rank for Topcon's Days Payable or its related term are showing as below:
TOPCF'
s Days Payable Range Over the Past 10 Years
Min: 47.39 Med: 61.3 Max: 68.75
Current: 47.39
During the past 13 years, Topcon's highest Days Payable was 68.75. The lowest was 47.39. And the median was 61.30.
TOPCF's Days Payable is not ranked
in the Hardware industry.
Industry Median: 69.89
vs TOPCF: 47.39
Topcon's Days Payable
increased
from Sep. 2024 (42.63) to Sep. 2025 (48.39).
It may suggest that Topcondelayed paying its suppliers.
Topcon Days Payable Related Terms
Topcon Days Payable Historical Data
* Premium members only.
The historical data trend for Topcon'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.
TOPCF vs GRMN, KEYS, COHR: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Topcon'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.
Topcon Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Topcon's Days Payable distribution charts can be found below:
* The bar in red indicates where Topcon'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.
Topcon's Days Payable for the fiscal year that ended in Mar. 2025 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.
Topcon (TOPCF) has a Days Payable of 48.39 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Topcon and its competitors. This is 21% below median its historical median of 61.30. Over the past decade, Topcon's Days Payable has ranged from 47.39 to 68.75.
Is Topcon's Days Payable too high?
Topcon's current Days Payable of 48.39 is 21% below median its 10-year median of 61.30. Over the past 10 years, this metric has ranged from a low of 47.39 to a high of 68.75. The Hardware industry median Days Payable is 69.89. Topcon's value of 48.39 is 30.8% below this industry median. Overall, Topcon has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Topcon's Days Payable compare to GRMN and KEYS?
Topcon's Days Payable of 48.39 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.89. Topcon's value of 48.39 is 30.8% below this benchmark. Historically, Topcon's own Days Payable has ranged from 47.39 to 68.75 over the past decade. While the company's 10-year median is 61.30 vs. the industry median of 69.89, Topcon 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,441 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. Topcon's current Days Payable of 48.39 is 30.8% 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 Topcon and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topcon's current Days Payable is 48.39, which is 21% below median its own 10-year median of 61.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topcon stock overvalued right now?
Topcon (TOPCF) has a current Days Payable of 48.39. The stock's GF Value™ is $11.64, compared to a current price of $21.21 — trading 82.2% above its estimated fair value. The current Days Payable is 48.39, which is 21% below median its 10-year median of 61.30 and 30.8% below the Hardware industry median of 69.89. Topcon's overall GF Score™ is 9/100 with 9 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 Topcon (TOPCF), the current Days Payable is 48.39 as of Sep. 2025. 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 Topcon (TOPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Topcon stock appears to be overvalued.
The current stock price of $21.21 is trading 82.2% above its estimated GF Value™ of $11.64.
Key valuation signals for TOPCF:
Days Payable: 48.39 (21% below median its 10-year median of 61.30)
GF Value™: $11.64 vs. price of $21.21 (82.2% above fair value)
Industry Position: 30.8% below the Hardware median
No single metric tells the full story. See the TOPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topcon Corp sells ophthalmic instruments, medical equipment, machine control systems, and GPS-related products. Its operations are structured around three main areas: the Positioning Business, Eye Care Business, and Other. The Positioning division handles products such as total stations, 3D laser scanners, ICT automated construction systems, IT agricultural systems, GNSS receivers for surveying, laser equipment, and software for construction and civil engineering. The Eye Care division provides 3D fundus imaging devices, fundus cameras, auto and kerato refractors, slit lamps, tonometers, lens meters, ophthalmic laser systems, and related software for image management and electronic medical records.
9GF Score
Get the complete analysis for TOPCF
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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