Pasona Group (TSE:2168) Days Payable: 1.99 (As of Nov. 2025) — 78% 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:2168 Pasona Group Inc TSE:2168
50 GF Score
Price 円1,546.00
GF Value 円2,032.72
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Pasona Group Days Payable?

Pasona Group TSE:2168 +0.91% 50 Days Payable is 1.99 as of Nov. 2025, which is 78% below its 10-year median of 8.92. GuruFocus rates TSE:2168 with a GF Score™ of 50/100 and a GF Value™ of 円2,032.72 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 945 Business Services companies, Pasona Group ranks worse than 96.08% on this metric.

Pasona Group's average Accounts Payable for the three months ended in Nov. 2025 was 円1,295 Mil. Pasona Group's Cost of Goods Sold for the three months ended in Nov. 2025 was 円59,420 Mil. Hence, Pasona Group's Days Payable for the three months ended in Nov. 2025 was 1.99.

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

TSE:2168' s Days Payable Range Over the Past 10 Years
Min: 2.42   Med: 8.92   Max: 10.49
Current: 2.42

During the past 13 years, Pasona Group's highest Days Payable was 10.49. The lowest was 2.42. And the median was 8.92.

TSE:2168's Days Payable is ranked worse than
96.08% of 945 companies
in the Business Services industry
Industry Median: 46.11 vs TSE:2168: 2.42

Pasona Group's Days Payable increased from Nov. 2024 (1.81) to Nov. 2025 (1.99). It may suggest that Pasona Group delayed paying its suppliers.


Pasona Group Days Payable Historical Data

* Premium members only.

The historical data trend for Pasona Group'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.

Pasona Group Days Payable Chart

Pasona Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.76 9.98 10.49 7.28 4.68

Pasona Group Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 1.79 2.93 3.03 1.99 2.16

TSE:2168 vs KFY, RHI, TNET: Days Payable Comparison

For the Staffing & Employment Services subindustry, Pasona Group'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.


Pasona Group Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Pasona Group's Days Payable distribution charts can be found below:

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


TSE:2168
50GF Score
Pasona Group Inc TSE:2168
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pasona Group 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.

Pasona Group's Days Payable for the fiscal year that ended in May. 2025 is calculated as

Days Payable (A: May. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2024 ) + Accounts Payable (A: May. 2025 )) / count ) / Cost of Goods Sold (A: May. 2025 )*Days in Period
=( (3423 + 2771) / 2 ) / 241282*365
=3097 / 241282*365
=4.68

Pasona Group's Days Payable for the quarter that ended in Nov. 2025 is calculated as:

Days Payable (Q: Nov. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Nov. 2025 )) / count ) / Cost of Goods Sold (Q: Nov. 2025 )*Days in Period
=( (1202 + 1388) / 2 ) / 59420*365 / 4
=1295 / 59420*365 / 4
=1.99

* 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 1.99 mean?
Pasona Group (TSE:2168) has a Days Payable of 1.99 as of Nov. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pasona Group and its competitors. This is 78% below median its historical median of 8.92. Over the past decade, Pasona Group's Days Payable has ranged from 2.42 to 10.49. According to the industry distribution chart, Pasona Group ranks #908 out of 945 companies in the Business Services industry, placing it in the top 96.1%.
Is Pasona Group's Days Payable too high?
Pasona Group's current Days Payable of 1.99 is 78% below median its 10-year median of 8.92. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 10.49. The Business Services industry median Days Payable is 46.11. Pasona Group's value of 1.99 is 95.7% below this industry median. Based on the distribution chart, Pasona Group ranks #908 out of 945 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Pasona Group has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pasona Group's Days Payable compare to KFY and RHI?
According to the Business Services industry distribution chart, Pasona Group ranks #908 out of 945 companies for Days Payable. This places Pasona Group in the lower half of its industry. The industry median Days Payable is 46.11. Pasona Group's value of 1.99 is 95.7% below this benchmark. Historically, Pasona Group's own Days Payable has ranged from 2.42 to 10.49 over the past decade. While the company's 10-year median is 8.92 vs. the industry median of 46.11, Pasona Group 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 Business Services company?
The median Days Payable among Business Services companies is 46.11, based on 945 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. Pasona Group's current Days Payable of 1.99 is 95.7% 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 Pasona Group and its competitors. For the Business Services industry, the median Days Payable is 46.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pasona Group's current Days Payable is 1.99, which is 78% below median its own 10-year median of 8.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pasona Group stock overvalued right now?
Based on GuruFocus' analysis, Pasona Group (TSE:2168) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,032.72, compared to a current price of 円1,546.00 — trading 23.9% below its estimated fair value. The current Days Payable is 1.99, which is 78% below median its 10-year median of 8.92 and 95.7% below the Business Services industry median of 46.11. Pasona Group's overall GF Score™ is 50/100 with 3 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 Pasona Group (TSE:2168), the current Days Payable is 1.99 as of Nov. 2025. 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 Pasona Group (TSE:2168) Overvalued in 2026?

Based on GuruFocus' analysis, Pasona Group stock appears to be undervalued. The current stock price of 円1,546.00 is trading 23.9% below its estimated GF Value™ of 円2,032.72. GuruFocus considers Pasona Group to be Modestly Undervalued.

Key valuation signals for TSE:2168:

  • Days Payable: 1.99 (78% below median its 10-year median of 8.92)
  • GF Value™: 円2,032.72 vs. price of 円1,546.00 (23.9% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 95.7% below the Business Services median (#908 of 945)

No single metric tells the full story. See the TSE:2168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pasona Group Business Description

Address 1-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are BPO Solutions, Expert Solutions, Career Solutions, Global Solutions, Life Solutions, and Regional Revitalization and Tourism Solutions.
50GF Score

Get the complete analysis for TSE:2168

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

円1,546.00
Price
円2,032.72
GF Value