Shinden HightexTSE:3131 +1.96%60 Days Payable is 23.92 as of Mar. 2026, which is 2% below its 10-year median of 24.42. GuruFocus rates TSE:3131 with a GF Score™ of 60/100 and a GF Value™ of 円2,878.93 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,445 Hardware companies, Shinden Hightex ranks worse than 90.84% on this metric.
The historical rank and industry rank for Shinden Hightex's Days Payable or its related term are showing as below:
TSE:3131'
s Days Payable Range Over the Past 10 Years
Min: 19.67 Med: 24.42 Max: 40.72
Current: 24.7
During the past 13 years, Shinden Hightex's highest Days Payable was 40.72. The lowest was 19.67. And the median was 24.42.
TSE:3131's Days Payable is ranked worse than 90.84% of 2445
companies
in the Hardware industry
Industry Median: 70.06
vs TSE:3131: 24.70
Shinden Hightex's Days Payable
increased
from Mar. 2025 (21.63) to Mar. 2026 (23.92).
It may suggest that Shinden Hightexdelayed paying its suppliers.
Shinden Hightex Days Payable Related Terms
Shinden Hightex Days Payable Historical Data
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The historical data trend for Shinden Hightex'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:3131 vs SNX, ARW, AVT: Days Payable Comparison
For the Electronics & Computer Distribution subindustry, Shinden Hightex'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.
Shinden Hightex Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Shinden Hightex's Days Payable distribution charts can be found below:
* The bar in red indicates where Shinden Hightex'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.
Shinden Hightex'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.
Shinden Hightex (TSE:3131) has a Days Payable of 23.92 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 Shinden Hightex and its competitors. This is near median its historical median of 24.42. Over the past decade, Shinden Hightex's Days Payable has ranged from 19.67 to 40.72. According to the industry distribution chart, Shinden Hightex ranks #2221 out of 2445 companies in the Hardware industry, placing it in the top 90.8%.
Is Shinden Hightex's Days Payable too high?
Shinden Hightex's current Days Payable of 23.92 is near median its 10-year median of 24.42. Over the past 10 years, this metric has ranged from a low of 19.67 to a high of 40.72. The Hardware industry median Days Payable is 70.06. Shinden Hightex's value of 23.92 is 65.9% below this industry median. Based on the distribution chart, Shinden Hightex ranks #2221 out of 2445 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Shinden Hightex has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinden Hightex's Days Payable compare to SNX and ARW?
According to the Hardware industry distribution chart, Shinden Hightex ranks #2221 out of 2445 companies for Days Payable. This places Shinden Hightex in the lower half of its industry. The industry median Days Payable is 70.06. Shinden Hightex's value of 23.92 is 65.9% below this benchmark. Historically, Shinden Hightex's own Days Payable has ranged from 19.67 to 40.72 over the past decade. While the company's 10-year median is 24.42 vs. the industry median of 70.06, Shinden Hightex 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Shinden Hightex's current Days Payable of 23.92 is 65.9% 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 Shinden Hightex and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinden Hightex's current Days Payable is 23.92, which is near median its own 10-year median of 24.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinden Hightex stock overvalued right now?
Based on GuruFocus' analysis, Shinden Hightex (TSE:3131) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,878.93, compared to a current price of 円3,635.00 — trading 26.3% above its estimated fair value. The current Days Payable is 23.92, which is near median its 10-year median of 24.42 and 65.9% below the Hardware industry median of 70.06. Shinden Hightex's overall GF Score™ is 60/100 with 8 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 Shinden Hightex (TSE:3131), the current Days Payable is 23.92 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 Shinden Hightex (TSE:3131) Overvalued in 2026?
Based on GuruFocus' analysis, Shinden Hightex stock appears to be overvalued.
The current stock price of 円3,635.00 is trading 26.3% above its estimated GF Value™ of 円2,878.93.
GuruFocus considers Shinden Hightex to be Modestly Overvalued.
Key valuation signals for TSE:3131:
Days Payable: 23.92 (near median its 10-year median of 24.42)
GF Value™: 円2,878.93 vs. price of 円3,635.00 (26.3% above fair value)
Industry Position: 65.9% below the Hardware median (#2221 of 2445)
No single metric tells the full story. See the TSE:3131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinden Hightex Corp is involved in selling various electronic components in Japan. The company offers ICs, liquid crystal displays, memory cards and boards, system products, batteries, and semiconductor components.
60GF Score
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