TOPPY (Toppan Holdings) Days Payable: 39.94 (As of Mar. 2026) — 10% Below Median


TOPPY Toppan Holdings Inc TOPPY
80 GF Score
Price $16.00
GF Value $15.12
Valuation Fairly Valued
! 7 Warning Signs
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What is Toppan Holdings Days Payable?

Toppan Holdings TOPPY +4.92% 80 Days Payable is 39.94 as of Mar. 2026, which is 10% below its 10-year median of 44.58. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 7 warning signs investors should review. Among 505 Conglomerates companies, Toppan Holdings ranks worse than 67.33% on this metric.

Toppan Holdings's average Accounts Payable for the three months ended in Mar. 2026 was $1,018 Mil. Toppan Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was $2,327 Mil. Hence, Toppan Holdings's Days Payable for the three months ended in Mar. 2026 was 39.94.

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

TOPPY' s Days Payable Range Over the Past 10 Years
Min: 36.27   Med: 44.58   Max: 54.73
Current: 41.68

During the past 13 years, Toppan Holdings's highest Days Payable was 54.73. The lowest was 36.27. And the median was 44.58.

TOPPY's Days Payable is ranked worse than
67.33% of 505 companies
in the Conglomerates industry
Industry Median: 56 vs TOPPY: 41.68

Toppan Holdings's Days Payable declined from Mar. 2025 (41.15) to Mar. 2026 (39.94). It may suggest that Toppan Holdings accelerated paying its suppliers.


Toppan Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Toppan Holdings'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.

Toppan Holdings Days Payable Chart

Toppan Holdings 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 45.76 47.68 46.50 38.78 37.39

Toppan Holdings 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 41.15 44.29 43.40 46.44 39.94

TOPPY vs HON, MMM: Days Payable Comparison

For the Conglomerates subindustry, Toppan Holdings'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.


Toppan Holdings Days Payable vs Conglomerates Industry

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

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


TOPPY
80GF Score
Toppan Holdings Inc TOPPY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Toppan Holdings 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.

Toppan Holdings'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
=( (882.565 + 900.356) / 2 ) / 8701.535*365
=891.4605 / 8701.535*365
=37.39

Toppan Holdings'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
=( (1136.311 + 900.356) / 2 ) / 2326.549*365 / 4
=1018.3335 / 2326.549*365 / 4
=39.94

* 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 39.94 mean?
Toppan Holdings (TOPPY) has a Days Payable of 39.94 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 Toppan Holdings and its competitors. This is 10% below median its historical median of 44.58. Over the past decade, Toppan Holdings' Days Payable has ranged from 36.27 to 54.73. According to the industry distribution chart, Toppan Holdings ranks #340 out of 505 companies in the Conglomerates industry, placing it in the top 67.3%.
Is Toppan Holdings' Days Payable too high?
Toppan Holdings' current Days Payable of 39.94 is 10% below median its 10-year median of 44.58. Over the past 10 years, this metric has ranged from a low of 36.27 to a high of 54.73. The Conglomerates industry median Days Payable is 56.00. Toppan Holdings' value of 39.94 is 28.7% below this industry median. Based on the distribution chart, Toppan Holdings ranks #340 out of 505 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' Days Payable compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toppan Holdings ranks #340 out of 505 companies for Days Payable. This places Toppan Holdings in the lower half of its industry. The industry median Days Payable is 56.00. Toppan Holdings' value of 39.94 is 28.7% below this benchmark. Historically, Toppan Holdings' own Days Payable has ranged from 36.27 to 54.73 over the past decade. While the company's 10-year median is 44.58 vs. the industry median of 56.00, Toppan Holdings 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 56.00, 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. Toppan Holdings's current Days Payable of 39.94 is 28.7% 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 Toppan Holdings and its competitors. For the Conglomerates industry, the median Days Payable is 56.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current Days Payable is 39.94, which is 10% below median its own 10-year median of 44.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $16.00 — trading 5.8% above its estimated fair value. The current Days Payable is 39.94, which is 10% below median its 10-year median of 44.58 and 28.7% below the Conglomerates industry median of 56.00. Toppan Holdings' overall GF Score™ is 80/100 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 Toppan Holdings (TOPPY), the current Days Payable is 39.94 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 Toppan Holdings (TOPPY) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $16.00 is trading 5.8% above its estimated GF Value™ of $15.12. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TOPPY:

  • Days Payable: 39.94 (10% below median its 10-year median of 44.58)
  • GF Value™: $15.12 vs. price of $16.00 (5.8% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 28.7% below the Conglomerates median (#340 of 505)

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


Toppan Holdings Business Description

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
80GF Score

Get the complete analysis for TOPPY

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

$16.00
Price
$15.12
GF Value