TSI Holdings CoTSE:3608 +1.55%83 Days Payable is 47.92 as of Feb. 2026, which is 27% below its 10-year median of 65.49. GuruFocus rates TSE:3608 with a GF Score™ of 83/100 and a GF Value™ of 円1,313.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, TSI Holdings Co ranks worse than 56.69% on this metric.
The historical rank and industry rank for TSI Holdings Co's Days Payable or its related term are showing as below:
TSE:3608'
s Days Payable Range Over the Past 10 Years
Min: 44.29 Med: 65.49 Max: 77.51
Current: 46.77
During the past 13 years, TSI Holdings Co's highest Days Payable was 77.51. The lowest was 44.29. And the median was 65.49.
TSE:3608's Days Payable is ranked worse than 56.69% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045
vs TSE:3608: 46.77
TSI Holdings Co's Days Payable
increased
from Feb. 2025 (42.28) to Feb. 2026 (47.92).
It may suggest that TSI Holdings Codelayed paying its suppliers.
TSI Holdings Co Days Payable Related Terms
TSI Holdings Co Days Payable Historical Data
* Premium members only.
The historical data trend for TSI Holdings 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.
TSE:3608 vs RL, LEVI, VFC: Days Payable Comparison
For the Apparel Manufacturing subindustry, TSI Holdings 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.
TSI Holdings Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Days Payable distribution charts can be found below:
* The bar in red indicates where TSI Holdings 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.
TSI Holdings Co's Days Payable for the fiscal year that ended in Feb. 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.
TSI Holdings Co (TSE:3608) has a Days Payable of 47.92 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TSI Holdings Co and its competitors. This is 27% below median its historical median of 65.49. Over the past decade, TSI Holdings Co's Days Payable has ranged from 44.29 to 77.51. According to the industry distribution chart, TSI Holdings Co ranks #576 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 56.7%.
Is TSI Holdings Co's Days Payable too high?
TSI Holdings Co's current Days Payable of 47.92 is 27% below median its 10-year median of 65.49. Over the past 10 years, this metric has ranged from a low of 44.29 to a high of 77.51. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. TSI Holdings Co's value of 47.92 is 11.3% below this industry median. Based on the distribution chart, TSI Holdings Co ranks #576 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TSI Holdings Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Days Payable compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TSI Holdings Co ranks #576 out of 1016 companies for Days Payable. This places TSI Holdings Co in the lower half of its industry. The industry median Days Payable is 54.05. TSI Holdings Co's value of 47.92 is 11.3% below this benchmark. Historically, TSI Holdings Co's own Days Payable has ranged from 44.29 to 77.51 over the past decade. While the company's 10-year median is 65.49 vs. the industry median of 54.05, TSI Holdings 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 54.05, based on 1,016 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. TSI Holdings Co's current Days Payable of 47.92 is 11.3% 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 TSI Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Holdings Co's current Days Payable is 47.92, which is 27% below median its own 10-year median of 65.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,313.80, compared to a current price of 円1,178.00 — trading 10.3% below its estimated fair value. The current Days Payable is 47.92, which is 27% below median its 10-year median of 65.49 and 11.3% below the Manufacturing - Apparel & Accessories industry median of 54.05. TSI Holdings Co's overall GF Score™ is 83/100 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 TSI Holdings Co (TSE:3608), the current Days Payable is 47.92 as of Feb. 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?
Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued.
The current stock price of 円1,178.00 is trading 10.3% below its estimated GF Value™ of 円1,313.80.
GuruFocus considers TSI Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:3608:
Days Payable: 47.92 (27% below median its 10-year median of 65.49)
GF Value™: 円1,313.80 vs. price of 円1,178.00 (10.3% below fair value)
Industry Position: 11.3% below the Manufacturing - Apparel & Accessories median (#576 of 1016)
No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
83GF Score
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