Ichikawa CoTSE:3513 +3.30%49 Days Payable is 34.41 as of Mar. 2026, which is 39% above its 10-year median of 24.81. GuruFocus rates TSE:3513 with a GF Score™ of 49/100 and a GF Value™ of 円1,959.24 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 275 Forest Products companies, Ichikawa Co ranks worse than 75.27% on this metric.
The historical rank and industry rank for Ichikawa Co's Days Payable or its related term are showing as below:
TSE:3513'
s Days Payable Range Over the Past 10 Years
Min: 17.44 Med: 24.81 Max: 35.09
Current: 33.58
During the past 13 years, Ichikawa Co's highest Days Payable was 35.09. The lowest was 17.44. And the median was 24.81.
TSE:3513's Days Payable is ranked worse than 75.27% of 275
companies
in the Forest Products industry
Industry Median: 57.49
vs TSE:3513: 33.58
Ichikawa Co's Days Payable
declined
from Mar. 2025 (37.16) to Mar. 2026 (34.41).
It may suggest that Ichikawa Coaccelerated paying its suppliers.
Ichikawa Co Days Payable Related Terms
Ichikawa Co Days Payable Historical Data
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The historical data trend for Ichikawa 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.
For the Paper & Paper Products subindustry, Ichikawa 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.
Ichikawa Co Days Payable vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Ichikawa Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Ichikawa Co'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.
Ichikawa Co'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.
Ichikawa Co (TSE:3513) has a Days Payable of 34.41 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 Ichikawa Co and its competitors. This is 39% above median its historical median of 24.81. Over the past decade, Ichikawa Co's Days Payable has ranged from 17.44 to 35.09. According to the industry distribution chart, Ichikawa Co ranks #207 out of 275 companies in the Forest Products industry, placing it in the top 75.3%.
Is Ichikawa Co's Days Payable too high?
Ichikawa Co's current Days Payable of 34.41 is 39% above median its 10-year median of 24.81. Over the past 10 years, this metric has ranged from a low of 17.44 to a high of 35.09. The Forest Products industry median Days Payable is 57.49. Ichikawa Co's value of 34.41 is 40.1% below this industry median. Based on the distribution chart, Ichikawa Co ranks #207 out of 275 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Ichikawa Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Ichikawa Co ranks #207 out of 275 companies for Days Payable. This places Ichikawa Co in the lower half of its industry. The industry median Days Payable is 57.49. Ichikawa Co's value of 34.41 is 40.1% below this benchmark. Historically, Ichikawa Co's own Days Payable has ranged from 17.44 to 35.09 over the past decade. While the company's 10-year median is 24.81 vs. the industry median of 57.49, Ichikawa 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 Forest Products company?
The median Days Payable among Forest Products companies is 57.49, based on 275 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. Ichikawa Co's current Days Payable of 34.41 is 40.1% 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 Ichikawa Co and its competitors. For the Forest Products industry, the median Days Payable is 57.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current Days Payable is 34.41, which is 39% above median its own 10-year median of 24.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,959.24, compared to a current price of 円3,600.00 — trading 83.7% above its estimated fair value. The current Days Payable is 34.41, which is 39% above median its 10-year median of 24.81 and 40.1% below the Forest Products industry median of 57.49. Ichikawa Co's overall GF Score™ is 49/100 with 1 warning sign 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 Ichikawa Co (TSE:3513), the current Days Payable is 34.41 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 Ichikawa Co (TSE:3513) Overvalued in 2026?
Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued.
The current stock price of 円3,600.00 is trading 83.7% above its estimated GF Value™ of 円1,959.24.
GuruFocus considers Ichikawa Co to be Significantly Overvalued.
Key valuation signals for TSE:3513:
Days Payable: 34.41 (39% above median its 10-year median of 24.81)
GF Value™: 円1,959.24 vs. price of 円3,600.00 (83.7% above fair value)
Industry Position: 40.1% below the Forest Products median (#207 of 275)
No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
49GF Score
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