Natori Co (TSE:2922) Days Payable: 61.54 (As of Mar. 2026) — 37% Above Median

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TSE:2922 Natori Co Ltd TSE:2922
72 GF Score
Price 円2,011.00
GF Value 円2,138.06
Valuation Fairly Valued
! 3 Warning Signs
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What is Natori Co Days Payable?

Natori Co TSE:2922 -0.10% 72 Days Payable is 61.54 as of Mar. 2026, which is 37% above its 10-year median of 45.06. GuruFocus rates TSE:2922 with a GF Score™ of 72/100 and a GF Value™ of 円2,138.06 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, Natori Co ranks better than 56.03% on this metric.

Natori Co's average Accounts Payable for the three months ended in Mar. 2026 was 円5,684 Mil. Natori Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円8,427 Mil. Hence, Natori Co's Days Payable for the three months ended in Mar. 2026 was 61.54.

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

TSE:2922' s Days Payable Range Over the Past 10 Years
Min: 39.24   Med: 45.06   Max: 59.52
Current: 49.84

During the past 13 years, Natori Co's highest Days Payable was 59.52. The lowest was 39.24. And the median was 45.06.

TSE:2922's Days Payable is ranked better than
56.03% of 1899 companies
in the Consumer Packaged Goods industry
Industry Median: 44.31 vs TSE:2922: 49.84

Natori Co's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (61.54). It may suggest that Natori Co delayed paying its suppliers.


Natori Co Days Payable Historical Data

* Premium members only.

The historical data trend for Natori 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.

Natori Co Days Payable Chart

Natori 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 43.76 40.94 46.36 48.63 42.15

Natori Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.00 46.50 49.58 50.81 61.54

TSE:2922 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Natori 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.


Natori Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Natori Co's Days Payable distribution charts can be found below:

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


TSE:2922
72GF Score
Natori Co Ltd TSE:2922
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Natori 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.

Natori 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
=( (4646.66 + 4183.936) / 2 ) / 38234.798*365
=4415.298 / 38234.798*365
=42.15

Natori 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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (7183.643 + 4183.936) / 2 ) / 8427.105*365 / 4
=5683.7895 / 8427.105*365 / 4
=61.54

* 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 61.54 mean?
Natori Co (TSE:2922) has a Days Payable of 61.54 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 Natori Co and its competitors. This is 37% above median its historical median of 45.06. Over the past decade, Natori Co's Days Payable has ranged from 39.24 to 59.52. According to the industry distribution chart, Natori Co ranks #835 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 44%.
Is Natori Co's Days Payable too high?
Natori Co's current Days Payable of 61.54 is 37% above median its 10-year median of 45.06. Over the past 10 years, this metric has ranged from a low of 39.24 to a high of 59.52. The Consumer Packaged Goods industry median Days Payable is 44.31. Natori Co's value of 61.54 is 38.9% above this industry median. Based on the distribution chart, Natori Co ranks #835 out of 1899 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Natori Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Natori Co's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Natori Co ranks #835 out of 1899 companies for Days Payable. This puts Natori Co in the upper half of its industry. The industry median Days Payable is 44.31. Natori Co's value of 61.54 is 38.9% above this benchmark. Historically, Natori Co's own Days Payable has ranged from 39.24 to 59.52 over the past decade. While the company's 10-year median is 45.06 vs. the industry median of 44.31, Natori Co has consistently been above 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.31, based on 1,899 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. Natori Co's current Days Payable of 61.54 is 38.9% above 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 Natori Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natori Co's current Days Payable is 61.54, which is 37% above median its own 10-year median of 45.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natori Co stock overvalued right now?
Based on GuruFocus' analysis, Natori Co (TSE:2922) is currently considered Fairly Valued. The stock's GF Value™ is 円2,138.06, compared to a current price of 円2,011.00 — trading 5.9% below its estimated fair value. The current Days Payable is 61.54, which is 37% above median its 10-year median of 45.06 and 38.9% above the Consumer Packaged Goods industry median of 44.31. Natori Co's overall GF Score™ is 72/100 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 Natori Co (TSE:2922), the current Days Payable is 61.54 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 Natori Co (TSE:2922) Overvalued in 2026?

Based on GuruFocus' analysis, Natori Co stock appears to be undervalued. The current stock price of 円2,011.00 is trading 5.9% below its estimated GF Value™ of 円2,138.06. GuruFocus considers Natori Co to be Fairly Valued.

Key valuation signals for TSE:2922:

  • Days Payable: 61.54 (37% above median its 10-year median of 45.06)
  • GF Value™: 円2,138.06 vs. price of 円2,011.00 (5.9% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 38.9% above the Consumer Packaged Goods median (#835 of 1899)

No single metric tells the full story. See the TSE:2922 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natori Co Business Description

Address 5-5-1 Oji, Kita-ku, Tokyo, JPN, 114-8611
Natori Co Ltd is engaged in manufacturing and selling of (various snack) food. The company's products include dried squids, dried scallops, cheese, salami, beef jerky, peanuts, and fried snacks.
72GF Score

Get the complete analysis for TSE:2922

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

円2,011.00
Price
円2,138.06
GF Value