Daiho (TSE:1822) Days Payable: 63.04 (As of Mar. 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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:1822 Daiho Corp TSE:1822
59 GF Score
Price 円779.00
GF Value 円718.38
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Daiho Days Payable?

Daiho TSE:1822 -1.52% 59 Days Payable is 63.04 as of Mar. 2026, which is 29% below its 10-year median of 89.01. GuruFocus rates TSE:1822 with a GF Score™ of 59/100 and a GF Value™ of 円718.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,716 Construction companies, Daiho ranks worse than 56.12% on this metric.

Daiho's average Accounts Payable for the six months ended in Mar. 2026 was 円22,239 Mil. Daiho's Cost of Goods Sold for the six months ended in Mar. 2026 was 円64,379 Mil. Hence, Daiho's Days Payable for the six months ended in Mar. 2026 was 63.04.

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

TSE:1822' s Days Payable Range Over the Past 10 Years
Min: 66.61   Med: 89.01   Max: 119.93
Current: 66.61

During the past 13 years, Daiho's highest Days Payable was 119.93. The lowest was 66.61. And the median was 89.01.

TSE:1822's Days Payable is ranked worse than
56.12% of 1716 companies
in the Construction industry
Industry Median: 76.55 vs TSE:1822: 66.61

Daiho's Days Payable declined from Mar. 2025 (63.68) to Mar. 2026 (63.04). It may suggest that Daiho accelerated paying its suppliers.


Daiho Days Payable Historical Data

* Premium members only.

The historical data trend for Daiho'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.

Daiho Days Payable Chart

Daiho 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 87.65 88.16 78.76 78.92 69.40

Daiho 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 66.85 80.16 63.68 67.53 63.04

TSE:1822 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Daiho'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.


Daiho Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Daiho's Days Payable distribution charts can be found below:

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


TSE:1822
59GF Score
Daiho Corp TSE:1822
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiho 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.

Daiho'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
=( (23769 + 23635) / 2 ) / 124658*365
=23702 / 124658*365
=69.40

Daiho'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
=( (20843 + 23635) / 2 ) / 64379*365 / 2
=22239 / 64379*365 / 2
=63.04

* 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 63.04 mean?
Daiho (TSE:1822) has a Days Payable of 63.04 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 Daiho and its competitors. This is 29% below median its historical median of 89.01. Over the past decade, Daiho's Days Payable has ranged from 66.61 to 119.93. According to the industry distribution chart, Daiho ranks #963 out of 1716 companies in the Construction industry, placing it in the top 56.1%.
Is Daiho's Days Payable too high?
Daiho's current Days Payable of 63.04 is 29% below median its 10-year median of 89.01. Over the past 10 years, this metric has ranged from a low of 66.61 to a high of 119.93. The Construction industry median Days Payable is 76.55. Daiho's value of 63.04 is 17.6% below this industry median. Based on the distribution chart, Daiho ranks #963 out of 1716 companies in the Construction industry, which is below the industry midpoint. Overall, Daiho has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiho's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Daiho ranks #963 out of 1716 companies for Days Payable. This places Daiho in the lower half of its industry. The industry median Days Payable is 76.55. Daiho's value of 63.04 is 17.6% below this benchmark. Historically, Daiho's own Days Payable has ranged from 66.61 to 119.93 over the past decade. While the company's 10-year median is 89.01 vs. the industry median of 76.55, Daiho 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 Construction company?
The median Days Payable among Construction companies is 76.55, based on 1,716 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. Daiho's current Days Payable of 63.04 is 17.6% 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 Daiho and its competitors. For the Construction industry, the median Days Payable is 76.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiho's current Days Payable is 63.04, which is 29% below median its own 10-year median of 89.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiho stock overvalued right now?
Based on GuruFocus' analysis, Daiho (TSE:1822) is currently considered Fairly Valued. The stock's GF Value™ is 円718.38, compared to a current price of 円779.00 — trading 8.4% above its estimated fair value. The current Days Payable is 63.04, which is 29% below median its 10-year median of 89.01 and 17.6% below the Construction industry median of 76.55. Daiho's overall GF Score™ is 59/100 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 Daiho (TSE:1822), the current Days Payable is 63.04 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 Daiho (TSE:1822) Overvalued in 2026?

Based on GuruFocus' analysis, Daiho stock appears to be overvalued. The current stock price of 円779.00 is trading 8.4% above its estimated GF Value™ of 円718.38. GuruFocus considers Daiho to be Fairly Valued.

Key valuation signals for TSE:1822:

  • Days Payable: 63.04 (29% below median its 10-year median of 89.01)
  • GF Value™: 円718.38 vs. price of 円779.00 (8.4% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 17.6% below the Construction median (#963 of 1716)

No single metric tells the full story. See the TSE:1822 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiho Business Description

Address 24-4, Shinkawa 1-Chome, Chuo-ku, Tokyo, JPN, 104-8289
Daiho Corp is engaged in the activity of engineering and construction. It builds and engineers hydroelectric dams, expressway, harbor, subway and foundation works for large structures. The company has three segments namely Civil engineering, Building construction and Other. Civil engineering segment consists of dam, seaports, fishery ports, large bridge foundations and railways. Building construction segment comprises offices, warehouse factory, retail shops, accommodation, education and cultural and medical welfare buildings, sports and leisure facilities, environmental protection cleaning facilities, economic zones. Other segment covers rehabilitation projects, hospitals and repairing work. The company operates in Japan, Taiwan, Thailand, Malaysia, Madagascar, Cambodia.
59GF Score

Get the complete analysis for TSE:1822

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

円779.00
Price
円718.38
GF Value