Tanabe Engineering (TSE:1828) Days Payable: 35.38 (As of Mar. 2026) — 41% 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:1828 Tanabe Engineering Corp TSE:1828
70 GF Score
Price 円2,351.00
GF Value 円1,834.10
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Tanabe Engineering Days Payable?

Tanabe Engineering TSE:1828 -0.55% 70 Days Payable is 35.38 as of Mar. 2026, which is 41% below its 10-year median of 59.76. GuruFocus rates TSE:1828 with a GF Score™ of 70/100 and a GF Value™ of 円1,834.10 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,716 Construction companies, Tanabe Engineering ranks worse than 82.75% on this metric.

Tanabe Engineering's average Accounts Payable for the six months ended in Mar. 2026 was 円4,245 Mil. Tanabe Engineering's Cost of Goods Sold for the six months ended in Mar. 2026 was 円21,899 Mil. Hence, Tanabe Engineering's Days Payable for the six months ended in Mar. 2026 was 35.38.

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

TSE:1828' s Days Payable Range Over the Past 10 Years
Min: 37.76   Med: 59.76   Max: 86.8
Current: 37.76

During the past 13 years, Tanabe Engineering's highest Days Payable was 86.80. The lowest was 37.76. And the median was 59.76.

TSE:1828's Days Payable is ranked worse than
82.75% of 1716 companies
in the Construction industry
Industry Median: 76.48 vs TSE:1828: 37.76

Tanabe Engineering's Days Payable declined from Mar. 2025 (39.09) to Mar. 2026 (35.38). It may suggest that Tanabe Engineering accelerated paying its suppliers.


Tanabe Engineering Days Payable Historical Data

* Premium members only.

The historical data trend for Tanabe Engineering'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.

Tanabe Engineering Days Payable Chart

Tanabe Engineering 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 59.43 60.09 47.92 45.56 38.24

Tanabe Engineering 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 37.70 45.54 39.09 39.83 35.38

TSE:1828 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Tanabe Engineering'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.


Tanabe Engineering Days Payable vs Construction Industry

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

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


TSE:1828
70GF Score
Tanabe Engineering Corp TSE:1828
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tanabe Engineering 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.

Tanabe Engineering'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
=( (4601.857 + 4237.019) / 2 ) / 42188.719*365
=4419.438 / 42188.719*365
=38.24

Tanabe Engineering'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
=( (4253.757 + 4237.019) / 2 ) / 21898.864*365 / 2
=4245.388 / 21898.864*365 / 2
=35.38

* 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 35.38 mean?
Tanabe Engineering (TSE:1828) has a Days Payable of 35.38 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 Tanabe Engineering and its competitors. This is 41% below median its historical median of 59.76. Over the past decade, Tanabe Engineering's Days Payable has ranged from 37.76 to 86.80. According to the industry distribution chart, Tanabe Engineering ranks #1420 out of 1716 companies in the Construction industry, placing it in the top 82.8%.
Is Tanabe Engineering's Days Payable too high?
Tanabe Engineering's current Days Payable of 35.38 is 41% below median its 10-year median of 59.76. Over the past 10 years, this metric has ranged from a low of 37.76 to a high of 86.80. The Construction industry median Days Payable is 76.48. Tanabe Engineering's value of 35.38 is 53.7% below this industry median. Based on the distribution chart, Tanabe Engineering ranks #1420 out of 1716 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Tanabe Engineering has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tanabe Engineering's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Tanabe Engineering ranks #1420 out of 1716 companies for Days Payable. This places Tanabe Engineering in the lower half of its industry. The industry median Days Payable is 76.48. Tanabe Engineering's value of 35.38 is 53.7% below this benchmark. Historically, Tanabe Engineering's own Days Payable has ranged from 37.76 to 86.80 over the past decade. While the company's 10-year median is 59.76 vs. the industry median of 76.48, Tanabe Engineering 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 76.48, 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. Tanabe Engineering's current Days Payable of 35.38 is 53.7% 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 Tanabe Engineering and its competitors. For the Construction industry, the median Days Payable is 76.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanabe Engineering's current Days Payable is 35.38, which is 41% below median its own 10-year median of 59.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanabe Engineering stock overvalued right now?
Based on GuruFocus' analysis, Tanabe Engineering (TSE:1828) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,834.10, compared to a current price of 円2,351.00 — trading 28.2% above its estimated fair value. The current Days Payable is 35.38, which is 41% below median its 10-year median of 59.76 and 53.7% below the Construction industry median of 76.48. Tanabe Engineering's overall GF Score™ is 70/100 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 Tanabe Engineering (TSE:1828), the current Days Payable is 35.38 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 Tanabe Engineering (TSE:1828) Overvalued in 2026?

Based on GuruFocus' analysis, Tanabe Engineering stock appears to be overvalued. The current stock price of 円2,351.00 is trading 28.2% above its estimated GF Value™ of 円1,834.10. GuruFocus considers Tanabe Engineering to be Modestly Overvalued.

Key valuation signals for TSE:1828:

  • Days Payable: 35.38 (41% below median its 10-year median of 59.76)
  • GF Value™: 円1,834.10 vs. price of 円2,351.00 (28.2% above fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 53.7% below the Construction median (#1420 of 1716)

No single metric tells the full story. See the TSE:1828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tanabe Engineering Business Description

Address 20, Fukuda, Zyouetsu, JPN, 942-0032
Tanabe Engineering Corp is mainly engaged in the facility construction works. It constructs plant facilities for electronic materials, food and drug metals and constructs public environmental facilities.
70GF Score

Get the complete analysis for TSE:1828

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

円2,351.00
Price
円1,834.10
GF Value