Mandarake (TSE:2652) Days Payable: 1.16 (As of Mar. 2026) — 12% Below Median


TSE:2652 Mandarake Inc TSE:2652
77 GF Score
Price 円439.00
GF Value 円405.90
Valuation Fairly Valued
! 3 Warning Signs
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What is Mandarake Days Payable?

Mandarake TSE:2652 +3.54% 77 Days Payable is 1.16 as of Mar. 2026, which is 12% below its 10-year median of 1.32. GuruFocus rates TSE:2652 with a GF Score™ of 77/100 and a GF Value™ of 円405.90 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Mandarake ranks worse than 98.81% on this metric.

Mandarake's average Accounts Payable for the three months ended in Mar. 2026 was 円23 Mil. Mandarake's Cost of Goods Sold for the three months ended in Mar. 2026 was 円1,776 Mil. Hence, Mandarake's Days Payable for the three months ended in Mar. 2026 was 1.16.

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

TSE:2652' s Days Payable Range Over the Past 10 Years
Min: 1.14   Med: 1.32   Max: 11.71
Current: 1.14

During the past 13 years, Mandarake's highest Days Payable was 11.71. The lowest was 1.14. And the median was 1.32.

TSE:2652's Days Payable is ranked worse than
98.81% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 51.865 vs TSE:2652: 1.14

Mandarake's Days Payable declined from Mar. 2025 (1.38) to Mar. 2026 (1.16). It may suggest that Mandarake accelerated paying its suppliers.


Mandarake Days Payable Historical Data

* Premium members only.

The historical data trend for Mandarake'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.

Mandarake Days Payable Chart

Mandarake Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 1.39 1.25 1.16 1.14

Mandarake Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.38 1.18 1.11 1.08 1.16

TSE:2652 vs AMZN, BABA, PDD: Days Payable Comparison

For the Internet Retail subindustry, Mandarake'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.


Mandarake Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mandarake's Days Payable distribution charts can be found below:

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


TSE:2652
77GF Score
Mandarake Inc TSE:2652
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mandarake 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.

Mandarake's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (20.102 + 22.857) / 2 ) / 6887.981*365
=21.4795 / 6887.981*365
=1.14

Mandarake'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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (20.822 + 24.426) / 2 ) / 1776.245*365 / 4
=22.624 / 1776.245*365 / 4
=1.16

* 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 1.16 mean?
Mandarake (TSE:2652) has a Days Payable of 1.16 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 Mandarake and its competitors. This is 12% below median its historical median of 1.32. Over the past decade, Mandarake's Days Payable has ranged from 1.14 to 11.71. According to the industry distribution chart, Mandarake ranks #1083 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 98.8%.
Is Mandarake's Days Payable too high?
Mandarake's current Days Payable of 1.16 is 12% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 11.71. The Retail - Cyclical industry median Days Payable is 51.87. Mandarake's value of 1.16 is 97.8% below this industry median. Based on the distribution chart, Mandarake ranks #1083 out of 1096 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Mandarake has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mandarake's Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Mandarake ranks #1083 out of 1096 companies for Days Payable. This places Mandarake in the lower half of its industry. The industry median Days Payable is 51.87. Mandarake's value of 1.16 is 97.8% below this benchmark. Historically, Mandarake's own Days Payable has ranged from 1.14 to 11.71 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 51.87, Mandarake 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.87, based on 1,096 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. Mandarake's current Days Payable of 1.16 is 97.8% 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 Mandarake and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandarake's current Days Payable is 1.16, which is 12% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandarake stock overvalued right now?
Based on GuruFocus' analysis, Mandarake (TSE:2652) is currently considered Fairly Valued. The stock's GF Value™ is 円405.90, compared to a current price of 円439.00 — trading 8.2% above its estimated fair value. The current Days Payable is 1.16, which is 12% below median its 10-year median of 1.32 and 97.8% below the Retail - Cyclical industry median of 51.87. Mandarake's overall GF Score™ is 77/100 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 Mandarake (TSE:2652), the current Days Payable is 1.16 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 Mandarake (TSE:2652) Overvalued in 2026?

Based on GuruFocus' analysis, Mandarake stock appears to be overvalued. The current stock price of 円439.00 is trading 8.2% above its estimated GF Value™ of 円405.90. GuruFocus considers Mandarake to be Fairly Valued.

Key valuation signals for TSE:2652:

  • Days Payable: 1.16 (12% below median its 10-year median of 1.32)
  • GF Value™: 円405.90 vs. price of 円439.00 (8.2% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 97.8% below the Retail - Cyclical median (#1083 of 1096)

No single metric tells the full story. See the TSE:2652 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mandarake Business Description

Address 52-15 Nakano 5-chome, Nakano-ku, Tokyo, JPN, 164-0001
Mandarake Inc is a Japan-based company engaged in the purchase and sale of Japanese cartoon-related secondhand books, goods, and animation-related products.
77GF Score

Get the complete analysis for TSE:2652

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

円439.00
Price
円405.90
GF Value