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Nitto Seimo CoTSE:3524 +0.14%60 Days Payable is 34.23 as of Apr. 2026, which is 43% below its 10-year median of 60.15. GuruFocus rates TSE:3524 with a GF Score™ of 60/100 and a GF Value™ of 円1,595.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,015 Manufacturing - Apparel & Accessories companies, Nitto Seimo Co ranks worse than 66.31% on this metric.
The historical rank and industry rank for Nitto Seimo Co's Days Payable or its related term are showing as below:
TSE:3524'
s Days Payable Range Over the Past 10 Years
Min: 36.38 Med: 60.15 Max: 98.99
Current: 37.84
During the past 13 years, Nitto Seimo Co's highest Days Payable was 98.99. The lowest was 36.38. And the median was 60.15.
TSE:3524's Days Payable is ranked worse than 66.31% of 1015
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.22
vs TSE:3524: 37.84
Nitto Seimo Co's Days Payable
declined
from Apr. 2025 (44.18) to Apr. 2026 (34.23).
It may suggest that Nitto Seimo Coaccelerated paying its suppliers.
Nitto Seimo Co Days Payable Related Terms
Nitto Seimo Co Days Payable Historical Data
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The historical data trend for Nitto Seimo 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 Textile Manufacturing subindustry, Nitto Seimo 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.
Nitto Seimo Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Seimo Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Nitto Seimo 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.
Nitto Seimo Co's Days Payable for the fiscal year that ended in Apr. 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.
Nitto Seimo Co (TSE:3524) has a Days Payable of 34.23 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nitto Seimo Co and its competitors. This is 43% below median its historical median of 60.15. Over the past decade, Nitto Seimo Co's Days Payable has ranged from 36.38 to 98.99. According to the industry distribution chart, Nitto Seimo Co ranks #673 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 66.3%.
Is Nitto Seimo Co's Days Payable too high?
Nitto Seimo Co's current Days Payable of 34.23 is 43% below median its 10-year median of 60.15. Over the past 10 years, this metric has ranged from a low of 36.38 to a high of 98.99. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.22. Nitto Seimo Co's value of 34.23 is 36.9% below this industry median. Based on the distribution chart, Nitto Seimo Co ranks #673 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Nitto Seimo Co has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitto Seimo Co's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitto Seimo Co ranks #673 out of 1015 companies for Days Payable. This places Nitto Seimo Co in the lower half of its industry. The industry median Days Payable is 54.22. Nitto Seimo Co's value of 34.23 is 36.9% below this benchmark. Historically, Nitto Seimo Co's own Days Payable has ranged from 36.38 to 98.99 over the past decade. While the company's 10-year median is 60.15 vs. the industry median of 54.22, Nitto Seimo 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.22, based on 1,015 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. Nitto Seimo Co's current Days Payable of 34.23 is 36.9% 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 Nitto Seimo Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Seimo Co's current Days Payable is 34.23, which is 43% below median its own 10-year median of 60.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Seimo Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Seimo Co (TSE:3524) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,595.19, compared to a current price of 円1,420.00 — trading 11% below its estimated fair value. The current Days Payable is 34.23, which is 43% below median its 10-year median of 60.15 and 36.9% below the Manufacturing - Apparel & Accessories industry median of 54.22. Nitto Seimo Co's overall GF Score™ is 60/100 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 Nitto Seimo Co (TSE:3524), the current Days Payable is 34.23 as of Apr. 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 Nitto Seimo Co (TSE:3524) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Seimo Co stock appears to be undervalued.
The current stock price of 円1,420.00 is trading 11% below its estimated GF Value™ of 円1,595.19.
GuruFocus considers Nitto Seimo Co to be Modestly Undervalued.
Key valuation signals for TSE:3524:
Days Payable: 34.23 (43% below median its 10-year median of 60.15)
GF Value™: 円1,595.19 vs. price of 円1,420.00 (11% below fair value)
Industry Position: 36.9% below the Manufacturing - Apparel & Accessories median (#673 of 1015)
No single metric tells the full story. See the TSE:3524 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.
60GF Score
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