IACE Travel (TSE:343A) Days Payable: 409.13 (As of Mar. 2026) — 32% Above Median

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TSE:343A IACE Travel Corp TSE:343A
20 GF Score
Price 円1,414.00
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What is IACE Travel Days Payable?

IACE Travel TSE:343A +0.93% 20 Days Payable is 409.13 as of Mar. 2026, which is 32% above its 10-year median of 309.71. GuruFocus rates TSE:343A with a GF Score™ of 20/100. Among 777 Travel & Leisure companies, IACE Travel ranks better than 91.76% on this metric.

IACE Travel's average Accounts Payable for the six months ended in Mar. 2026 was 円796 Mil. IACE Travel's Cost of Goods Sold for the six months ended in Mar. 2026 was 円355 Mil. Hence, IACE Travel's Days Payable for the six months ended in Mar. 2026 was 409.13.

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

TSE:343A' s Days Payable Range Over the Past 10 Years
Min: 253.75   Med: 309.71   Max: 444.12
Current: 383.21

During the past 4 years, IACE Travel's highest Days Payable was 444.12. The lowest was 253.75. And the median was 309.71.

TSE:343A's Days Payable is ranked better than
91.76% of 777 companies
in the Travel & Leisure industry
Industry Median: 57.32 vs TSE:343A: 383.21

IACE Travel's Days Payable increased from Mar. 2025 (283.58) to Mar. 2026 (409.13). It may suggest that IACE Travel delayed paying its suppliers.


IACE Travel Days Payable Historical Data

* Premium members only.

The historical data trend for IACE Travel'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.

IACE Travel Days Payable Chart

IACE Travel Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Days Payable
444.12 253.75 260.89 358.52

IACE Travel Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial 0.00 233.38 283.58 381.08 409.13

TSE:343A vs BKNG, ABNB, RCL: Days Payable Comparison

For the Travel Services subindustry, IACE Travel'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.


IACE Travel Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's Days Payable distribution charts can be found below:

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


TSE:343A
20GF Score
IACE Travel Corp TSE:343A
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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IACE Travel 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.

IACE Travel'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
=( (574.513 + 777.076) / 2 ) / 688.013*365
=675.7945 / 688.013*365
=358.52

IACE Travel'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
=( (815.432 + 777.076) / 2 ) / 355.186*365 / 2
=796.254 / 355.186*365 / 2
=409.13

* 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 409.13 mean?
IACE Travel (TSE:343A) has a Days Payable of 409.13 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 IACE Travel and its competitors. This is 32% above median its historical median of 309.71. Over the past decade, IACE Travel's Days Payable has ranged from 253.75 to 444.12. According to the industry distribution chart, IACE Travel ranks #64 out of 777 companies in the Travel & Leisure industry, placing it in the top 8.2%.
Is IACE Travel's Days Payable too high?
IACE Travel's current Days Payable of 409.13 is 32% above median its 10-year median of 309.71. Over the past 10 years, this metric has ranged from a low of 253.75 to a high of 444.12. The Travel & Leisure industry median Days Payable is 57.32. IACE Travel's value of 409.13 is 613.8% above this industry median. Based on the distribution chart, IACE Travel ranks #64 out of 777 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's Days Payable compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, IACE Travel ranks #64 out of 777 companies for Days Payable. This places IACE Travel in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.32. IACE Travel's value of 409.13 is 613.8% above this benchmark. Historically, IACE Travel's own Days Payable has ranged from 253.75 to 444.12 over the past decade. While the company's 10-year median is 309.71 vs. the industry median of 57.32, IACE Travel 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 57.32, based on 777 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. IACE Travel's current Days Payable of 409.13 is 613.8% 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 IACE Travel and its competitors. For the Travel & Leisure industry, the median Days Payable is 57.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IACE Travel's current Days Payable is 409.13, which is 32% above median its own 10-year median of 309.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current Days Payable of 409.13. The current Days Payable is 409.13, which is 32% above median its 10-year median of 309.71 and 613.8% above the Travel & Leisure industry median of 57.32. IACE Travel's overall GF Score™ is 20/100. 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 IACE Travel (TSE:343A), the current Days Payable is 409.13 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.

IACE Travel Business Description

Address 1-14-5 Nihombashi-Bakuro-cho, Chuo-ku, Tokyo, JPN, 103-0002
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
20GF Score

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円1,414.00
Price