System DTSE:3804 -1.81%80 Days Payable is 23.23 as of Apr. 2026, which is 21% below its 10-year median of 29.32. GuruFocus rates TSE:3804 with a GF Score™ of 80/100 and a GF Value™ of 円551.02 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,598 Software companies, System D ranks worse than 72.94% on this metric.
System D's average Accounts Payable for the
six
months ended in Apr. 2026 was 円215 Mil. System D's Cost of Goods Sold for the
six
months ended in Apr. 2026 was 円1,689 Mil.
Hence, System D's Days Payable for the
six
months ended in Apr. 2026 was 23.23.
The historical rank and industry rank for System D's Days Payable or its related term are showing as below:
TSE:3804'
s Days Payable Range Over the Past 10 Years
Min: 11.04 Med: 29.32 Max: 47.98
Current: 26.07
During the past 13 years, System D's highest Days Payable was 47.98. The lowest was 11.04. And the median was 29.32.
TSE:3804's Days Payable is ranked worse than 72.94% of 2598
companies
in the Software industry
Industry Median: 53.515
vs TSE:3804: 26.07
System D's Days Payable
declined
from Apr. 2025 (25.18) to Apr. 2026 (23.23).
It may suggest that System Daccelerated paying its suppliers.
System D Days Payable Related Terms
System D Days Payable Historical Data
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The historical data trend for System D'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:3804 vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, System D'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.
System D Days Payable vs Software Industry
For the Software industry and Technology sector, System D's Days Payable distribution charts can be found below:
* The bar in red indicates where System D'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.
System D's Days Payable for the fiscal year that ended in Oct. 2025 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.
System D (TSE:3804) has a Days Payable of 23.23 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 System D and its competitors. This is 21% below median its historical median of 29.32. Over the past decade, System D's Days Payable has ranged from 11.04 to 47.98. According to the industry distribution chart, System D ranks #1895 out of 2598 companies in the Software industry, placing it in the top 72.9%.
Is System D's Days Payable too high?
System D's current Days Payable of 23.23 is 21% below median its 10-year median of 29.32. Over the past 10 years, this metric has ranged from a low of 11.04 to a high of 47.98. The Software industry median Days Payable is 53.52. System D's value of 23.23 is 56.6% below this industry median. Based on the distribution chart, System D ranks #1895 out of 2598 companies in the Software industry, which is below the industry midpoint. Overall, System D has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System D's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, System D ranks #1895 out of 2598 companies for Days Payable. This places System D in the lower half of its industry. The industry median Days Payable is 53.52. System D's value of 23.23 is 56.6% below this benchmark. Historically, System D's own Days Payable has ranged from 11.04 to 47.98 over the past decade. While the company's 10-year median is 29.32 vs. the industry median of 53.52, System D 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 Software company?
The median Days Payable among Software companies is 53.52, based on 2,598 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. System D's current Days Payable of 23.23 is 56.6% 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 System D and its competitors. For the Software industry, the median Days Payable is 53.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System D's current Days Payable is 23.23, which is 21% below median its own 10-year median of 29.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System D stock overvalued right now?
Based on GuruFocus' analysis, System D (TSE:3804) is currently considered Modestly Undervalued. The stock's GF Value™ is 円551.02, compared to a current price of 円434.00 — trading 21.2% below its estimated fair value. The current Days Payable is 23.23, which is 21% below median its 10-year median of 29.32 and 56.6% below the Software industry median of 53.52. System D's overall GF Score™ is 80/100 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 System D (TSE:3804), the current Days Payable is 23.23 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 System D (TSE:3804) Overvalued in 2026?
Based on GuruFocus' analysis, System D stock appears to be undervalued.
The current stock price of 円434.00 is trading 21.2% below its estimated GF Value™ of 円551.02.
GuruFocus considers System D to be Modestly Undervalued.
Key valuation signals for TSE:3804:
Days Payable: 23.23 (21% below median its 10-year median of 29.32)
GF Value™: 円551.02 vs. price of 円434.00 (21.2% below fair value)
Industry Position: 56.6% below the Software median (#1895 of 2598)
No single metric tells the full story. See the TSE:3804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
System D Inc creates industry-specialized package software. The software development serves the schools, fitness clubs, distributors and other institutions. Its products and services include: Campus Plan, School Engine, PPP, Public Property Management System, Common Financial Accounting System, Smart Hello/Hello EX, Smart Hello Ticket/Hello Fun, Regulations Management System, and Contract creation and management system.
80GF Score
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