Token (TSE:1766) Days Payable: 12.83 (As of Jan. 2026) — 48% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1766 Token Corp TSE:1766
76 GF Score
Price 円12,910.00
GF Value 円13,589.55
Valuation Fairly Valued
! 1 Warning Sign
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What is Token Days Payable?

Token TSE:1766 +0.16% 76 Days Payable is 12.83 as of Jan. 2026, which is 48% below its 10-year median of 24.45. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,589.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,568 Real Estate companies, Token ranks worse than 91.01% on this metric.

Token's average Accounts Payable for the three months ended in Jan. 2026 was 円11,193 Mil. Token's Cost of Goods Sold for the three months ended in Jan. 2026 was 円79,614 Mil. Hence, Token's Days Payable for the three months ended in Jan. 2026 was 12.83.

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

TSE:1766' s Days Payable Range Over the Past 10 Years
Min: 12.91   Med: 24.45   Max: 43.43
Current: 13.39

During the past 13 years, Token's highest Days Payable was 43.43. The lowest was 12.91. And the median was 24.45.

TSE:1766's Days Payable is ranked worse than
91.01% of 1568 companies
in the Real Estate industry
Industry Median: 94.38 vs TSE:1766: 13.39

Token's Days Payable increased from Jan. 2025 (12.74) to Jan. 2026 (12.83). It may suggest that Token delayed paying its suppliers.


Token Days Payable Historical Data

* Premium members only.

The historical data trend for Token'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.

Token Days Payable Chart

Token Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.15 13.06 12.91 13.07 14.38

Token Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 12.52 13.09 13.13 12.83 13.49

TSE:1766 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Token'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.


Token Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Token's Days Payable distribution charts can be found below:

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


TSE:1766
76GF Score
Token Corp TSE:1766
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Token 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.

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

Days Payable (A: Apr. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Apr. 2025 ) + Accounts Payable (A: Apr. 2026 )) / count ) / Cost of Goods Sold (A: Apr. 2026 )*Days in Period
=( (11137 + 14060) / 2 ) / 319840*365
=12598.5 / 319840*365
=14.38

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

Days Payable (Q: Jan. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2025 ) + Accounts Payable (Q: Jan. 2026 )) / count ) / Cost of Goods Sold (Q: Jan. 2026 )*Days in Period
=( (11471 + 10915) / 2 ) / 79614*365 / 4
=11193 / 79614*365 / 4
=12.83

* 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 12.83 mean?
Token (TSE:1766) has a Days Payable of 12.83 as of Jan. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Token and its competitors. This is 48% below median its historical median of 24.45. Over the past decade, Token's Days Payable has ranged from 12.91 to 43.43. According to the industry distribution chart, Token ranks #1427 out of 1568 companies in the Real Estate industry, placing it in the top 91%.
Is Token's Days Payable too high?
Token's current Days Payable of 12.83 is 48% below median its 10-year median of 24.45. Over the past 10 years, this metric has ranged from a low of 12.91 to a high of 43.43. The Real Estate industry median Days Payable is 94.38. Token's value of 12.83 is 86.4% below this industry median. Based on the distribution chart, Token ranks #1427 out of 1568 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Token has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Token's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #1427 out of 1568 companies for Days Payable. This places Token in the lower half of its industry. The industry median Days Payable is 94.38. Token's value of 12.83 is 86.4% below this benchmark. Historically, Token's own Days Payable has ranged from 12.91 to 43.43 over the past decade. While the company's 10-year median is 24.45 vs. the industry median of 94.38, Token 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,568 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. Token's current Days Payable of 12.83 is 86.4% 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 Token and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Days Payable is 12.83, which is 48% below median its own 10-year median of 24.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Token stock overvalued right now?
Based on GuruFocus' analysis, Token (TSE:1766) is currently considered Fairly Valued. The stock's GF Value™ is 円13,589.55, compared to a current price of 円12,910.00 — trading 5% below its estimated fair value. The current Days Payable is 12.83, which is 48% below median its 10-year median of 24.45 and 86.4% below the Real Estate industry median of 94.38. Token's overall GF Score™ is 76/100 with 1 warning sign 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 Token (TSE:1766), the current Days Payable is 12.83 as of Jan. 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 Token (TSE:1766) Overvalued in 2026?

Based on GuruFocus' analysis, Token stock appears to be undervalued. The current stock price of 円12,910.00 is trading 5% below its estimated GF Value™ of 円13,589.55. GuruFocus considers Token to be Fairly Valued.

Key valuation signals for TSE:1766:

  • Days Payable: 12.83 (48% below median its 10-year median of 24.45)
  • GF Value™: 円13,589.55 vs. price of 円12,910.00 (5% below fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 86.4% below the Real Estate median (#1427 of 1568)

No single metric tells the full story. See the TSE:1766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Token Business Description

Address Marunouchi Building, 2-1-33 Marunouchi, Naka-ku, Nagoya, JPN, 460-0002
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.
76GF Score

Get the complete analysis for TSE:1766

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

円12,910.00
Price
円13,589.55
GF Value