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.
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.
Toa RoadTSE:1882 -0.31%67 Days Payable is 40.66 as of Mar. 2026, which is 54% below its 10-year median of 88.97. GuruFocus rates TSE:1882 with a GF Score™ of 67/100 and a GF Value™ of 円1,407.75 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,716 Construction companies, Toa Road ranks worse than 74.18% on this metric.
Toa Road's average Accounts Payable for the
six
months ended in Mar. 2026 was 円13,397 Mil. Toa Road's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円60,126 Mil.
Hence, Toa Road's Days Payable for the
six
months ended in Mar. 2026 was 40.66.
The historical rank and industry rank for Toa Road's Days Payable or its related term are showing as below:
TSE:1882'
s Days Payable Range Over the Past 10 Years
Min: 46.46 Med: 88.97 Max: 103.89
Current: 46.46
During the past 13 years, Toa Road's highest Days Payable was 103.89. The lowest was 46.46. And the median was 88.97.
TSE:1882's Days Payable is ranked worse than 74.18% of 1716
companies
in the Construction industry
Industry Median: 76.55
vs TSE:1882: 46.46
Toa Road's Days Payable
declined
from Mar. 2025 (40.69) to Mar. 2026 (40.66).
It may suggest that Toa Roadaccelerated paying its suppliers.
Toa Road Days Payable Related Terms
Toa Road Days Payable Historical Data
* Premium members only.
The historical data trend for Toa Road'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.
TSE:1882 vs PWR, FIX, EME: Days Payable Comparison
For the Engineering & Construction subindustry, Toa Road'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.
Toa Road Days Payable vs Construction Industry
For the Construction industry and Industrials sector, Toa Road's Days Payable distribution charts can be found below:
* The bar in red indicates where Toa Road'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.
Toa Road's Days Payable for the fiscal year that ended in Mar. 2026 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.
Toa Road (TSE:1882) has a Days Payable of 40.66 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 Toa Road and its competitors. This is 54% below median its historical median of 88.97. Over the past decade, Toa Road's Days Payable has ranged from 46.46 to 103.89. According to the industry distribution chart, Toa Road ranks #1273 out of 1716 companies in the Construction industry, placing it in the top 74.2%.
Is Toa Road's Days Payable too high?
Toa Road's current Days Payable of 40.66 is 54% below median its 10-year median of 88.97. Over the past 10 years, this metric has ranged from a low of 46.46 to a high of 103.89. The Construction industry median Days Payable is 76.55. Toa Road's value of 40.66 is 46.9% below this industry median. Based on the distribution chart, Toa Road ranks #1273 out of 1716 companies in the Construction industry, which is below the industry midpoint. Overall, Toa Road has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toa Road's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Toa Road ranks #1273 out of 1716 companies for Days Payable. This places Toa Road in the lower half of its industry. The industry median Days Payable is 76.55. Toa Road's value of 40.66 is 46.9% below this benchmark. Historically, Toa Road's own Days Payable has ranged from 46.46 to 103.89 over the past decade. While the company's 10-year median is 88.97 vs. the industry median of 76.55, Toa Road 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. Toa Road's current Days Payable of 40.66 is 46.9% 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 Toa Road 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. Toa Road's current Days Payable is 40.66, which is 54% below median its own 10-year median of 88.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toa Road stock overvalued right now?
Based on GuruFocus' analysis, Toa Road (TSE:1882) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,407.75, compared to a current price of 円1,599.00 — trading 13.6% above its estimated fair value. The current Days Payable is 40.66, which is 54% below median its 10-year median of 88.97 and 46.9% below the Construction industry median of 76.55. Toa Road's overall GF Score™ is 67/100 with 6 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 Toa Road (TSE:1882), the current Days Payable is 40.66 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 Toa Road (TSE:1882) Overvalued in 2026?
Based on GuruFocus' analysis, Toa Road stock appears to be overvalued.
The current stock price of 円1,599.00 is trading 13.6% above its estimated GF Value™ of 円1,407.75.
GuruFocus considers Toa Road to be Modestly Overvalued.
Key valuation signals for TSE:1882:
Days Payable: 40.66 (54% below median its 10-year median of 88.97)
GF Value™: 円1,407.75 vs. price of 円1,599.00 (13.6% above fair value)
Industry Position: 46.9% below the Construction median (#1273 of 1716)
No single metric tells the full story. See the TSE:1882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.
67GF Score
Get the complete analysis for TSE:1882
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:1882 has been successfully added to your 
