Hard Off Co (TSE:2674) Days Payable: 2.56 (As of Mar. 2026) — 32% Below Median

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TSE:2674 Hard Off Corporation Co Ltd TSE:2674
76 GF Score
Price 円2,659.00
GF Value 円2,362.36
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Hard Off Co Days Payable?

Hard Off Co TSE:2674 -1.26% 76 Days Payable is 2.56 as of Mar. 2026, which is 32% below its 10-year median of 3.79. GuruFocus rates TSE:2674 with a GF Score™ of 76/100 and a GF Value™ of 円2,362.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Hard Off Co ranks worse than 96% on this metric.

Hard Off Co's average Accounts Payable for the six months ended in Mar. 2026 was 円99 Mil. Hard Off Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円7,039 Mil. Hence, Hard Off Co's Days Payable for the six months ended in Mar. 2026 was 2.56.

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

TSE:2674' s Days Payable Range Over the Past 10 Years
Min: 2.04   Med: 3.79   Max: 12.8
Current: 3.56

During the past 13 years, Hard Off Co's highest Days Payable was 12.80. The lowest was 2.04. And the median was 3.79.

TSE:2674's Days Payable is ranked worse than
96% of 1099 companies
in the Retail - Cyclical industry
Industry Median: 51.88 vs TSE:2674: 3.56

Hard Off Co's Days Payable declined from Mar. 2025 (4.23) to Mar. 2026 (2.56). It may suggest that Hard Off Co accelerated paying its suppliers.


Hard Off Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hard Off Co'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.

Hard Off Co Days Payable Chart

Hard Off Co 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 2.13 2.60 2.04 3.64 3.93

Hard Off Co 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 1.89 2.29 4.23 4.44 2.56

TSE:2674 vs CASY, WSM, DKS: Days Payable Comparison

For the Specialty Retail subindustry, Hard Off Co'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.


Hard Off Co Days Payable vs Retail - Cyclical Industry

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

* The bar in red indicates where Hard Off Co's Days Payable falls into.


TSE:2674
76GF Score
Hard Off Corporation Co Ltd TSE:2674
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hard Off Co 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.

Hard Off Co'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
=( (168.105 + 100.549) / 2 ) / 12486.748*365
=134.327 / 12486.748*365
=3.93

Hard Off Co'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
=( (96.88 + 100.549) / 2 ) / 7039.465*365 / 2
=98.7145 / 7039.465*365 / 2
=2.56

* 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 2.56 mean?
Hard Off Co (TSE:2674) has a Days Payable of 2.56 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 Hard Off Co and its competitors. This is 32% below median its historical median of 3.79. Over the past decade, Hard Off Co's Days Payable has ranged from 2.04 to 12.80. According to the industry distribution chart, Hard Off Co ranks #1055 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 96%.
Is Hard Off Co's Days Payable too high?
Hard Off Co's current Days Payable of 2.56 is 32% below median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 12.80. The Retail - Cyclical industry median Days Payable is 51.88. Hard Off Co's value of 2.56 is 95.1% below this industry median. Based on the distribution chart, Hard Off Co ranks #1055 out of 1099 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hard Off Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #1055 out of 1099 companies for Days Payable. This places Hard Off Co in the lower half of its industry. The industry median Days Payable is 51.88. Hard Off Co's value of 2.56 is 95.1% below this benchmark. Historically, Hard Off Co's own Days Payable has ranged from 2.04 to 12.80 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 51.88, Hard Off Co 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 51.88, based on 1,099 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. Hard Off Co's current Days Payable of 2.56 is 95.1% 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 Hard Off Co and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hard Off Co's current Days Payable is 2.56, which is 32% below median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,362.36, compared to a current price of 円2,659.00 — trading 12.6% above its estimated fair value. The current Days Payable is 2.56, which is 32% below median its 10-year median of 3.79 and 95.1% below the Retail - Cyclical industry median of 51.88. Hard Off Co's overall GF Score™ is 76/100 with 7 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 Hard Off Co (TSE:2674), the current Days Payable is 2.56 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 Hard Off Co (TSE:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued. The current stock price of 円2,659.00 is trading 12.6% above its estimated GF Value™ of 円2,362.36. GuruFocus considers Hard Off Co to be Modestly Overvalued.

Key valuation signals for TSE:2674:

  • Days Payable: 2.56 (32% below median its 10-year median of 3.79)
  • GF Value™: 円2,362.36 vs. price of 円2,659.00 (12.6% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 95.1% below the Retail - Cyclical median (#1055 of 1099)

No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hard Off Co Business Description

Address 3-1-13 Shin-Eicho, Shibata-shi, Niigata, JPN, 957-0063
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
76GF Score

Get the complete analysis for TSE:2674

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

円2,659.00
Price
円2,362.36
GF Value