Nippon Paper Industries Co (TSE:3863) Days Payable: 53.40 (As of Mar. 2026) — Near Median


TSE:3863 Nippon Paper Industries Co Ltd TSE:3863
54 GF Score
Price 円1,309.00
GF Value 円1,145.94
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Nippon Paper Industries Co Days Payable?

Nippon Paper Industries Co TSE:3863 -1.06% 54 Days Payable is 53.40 as of Mar. 2026, which is 5% below its 10-year median of 55.98. GuruFocus rates TSE:3863 with a GF Score™ of 54/100 and a GF Value™ of 円1,145.94 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 276 Forest Products companies, Nippon Paper Industries Co ranks worse than 57.25% on this metric.

Nippon Paper Industries Co's average Accounts Payable for the three months ended in Mar. 2026 was 円146,549 Mil. Nippon Paper Industries Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円250,421 Mil. Hence, Nippon Paper Industries Co's Days Payable for the three months ended in Mar. 2026 was 53.40.

The historical rank and industry rank for Nippon Paper Industries Co's Days Payable or its related term are showing as below:

TSE:3863' s Days Payable Range Over the Past 10 Years
Min: 51.05   Med: 55.98   Max: 60.21
Current: 52.4

During the past 13 years, Nippon Paper Industries Co's highest Days Payable was 60.21. The lowest was 51.05. And the median was 55.98.

TSE:3863's Days Payable is ranked worse than
57.25% of 276 companies
in the Forest Products industry
Industry Median: 57.93 vs TSE:3863: 52.40

Nippon Paper Industries Co's Days Payable declined from Mar. 2025 (56.29) to Mar. 2026 (53.40). It may suggest that Nippon Paper Industries Co accelerated paying its suppliers.


Nippon Paper Industries Co Days Payable Historical Data

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The historical data trend for Nippon Paper Industries 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.

Nippon Paper Industries Co Days Payable Chart

Nippon Paper Industries Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.79 53.51 57.75 55.23 51.05

Nippon Paper Industries Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.29 52.87 50.78 53.88 53.40

Nippon Paper Industries Co Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Nippon Paper Industries 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.


Nippon Paper Industries Co Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nippon Paper Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nippon Paper Industries Co's Days Payable falls into.


TSE:3863
54GF Score
Nippon Paper Industries Co Ltd TSE:3863
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Paper Industries Co 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.

Nippon Paper Industries Co'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
=( (142222 + 135711) / 2 ) / 993594*365
=138966.5 / 993594*365
=51.05

Nippon Paper Industries Co'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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (157386 + 135711) / 2 ) / 250421*365 / 4
=146548.5 / 250421*365 / 4
=53.40

* 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 53.40 mean?
Nippon Paper Industries Co (TSE:3863) has a Days Payable of 53.40 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 Nippon Paper Industries Co and its competitors. This is near median its historical median of 55.98. Over the past decade, Nippon Paper Industries Co's Days Payable has ranged from 51.05 to 60.21. According to the industry distribution chart, Nippon Paper Industries Co ranks #158 out of 276 companies in the Forest Products industry, placing it in the top 57.2%.
Is Nippon Paper Industries Co's Days Payable too high?
Nippon Paper Industries Co's current Days Payable of 53.40 is near median its 10-year median of 55.98. Over the past 10 years, this metric has ranged from a low of 51.05 to a high of 60.21. The Forest Products industry median Days Payable is 57.93. Nippon Paper Industries Co's value of 53.40 is 7.8% below this industry median. Based on the distribution chart, Nippon Paper Industries Co ranks #158 out of 276 companies in the Forest Products industry, which is below the industry midpoint. Overall, Nippon Paper Industries Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Paper Industries Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Nippon Paper Industries Co ranks #158 out of 276 companies for Days Payable. This places Nippon Paper Industries Co in the lower half of its industry. The industry median Days Payable is 57.93. Nippon Paper Industries Co's value of 53.40 is 7.8% below this benchmark. Historically, Nippon Paper Industries Co's own Days Payable has ranged from 51.05 to 60.21 over the past decade. While the company's 10-year median is 55.98 vs. the industry median of 57.93, Nippon Paper Industries 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 57.93, based on 276 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. Nippon Paper Industries Co's current Days Payable of 53.40 is 7.8% 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 Nippon Paper Industries Co and its competitors. For the Forest Products industry, the median Days Payable is 57.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Paper Industries Co's current Days Payable is 53.40, which is near median its own 10-year median of 55.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Paper Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Paper Industries Co (TSE:3863) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,145.94, compared to a current price of 円1,309.00 — trading 14.2% above its estimated fair value. The current Days Payable is 53.40, which is near median its 10-year median of 55.98 and 7.8% below the Forest Products industry median of 57.93. Nippon Paper Industries Co's overall GF Score™ is 54/100 with 8 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 Nippon Paper Industries Co (TSE:3863), the current Days Payable is 53.40 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 Nippon Paper Industries Co (TSE:3863) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Paper Industries Co stock appears to be overvalued. The current stock price of 円1,309.00 is trading 14.2% above its estimated GF Value™ of 円1,145.94. GuruFocus considers Nippon Paper Industries Co to be Modestly Overvalued.

Key valuation signals for TSE:3863:

  • Days Payable: 53.40 (near median its 10-year median of 55.98)
  • GF Value™: 円1,145.94 vs. price of 円1,309.00 (14.2% above fair value)
  • GF Score™: 54/100 with 8 warning signs
  • Industry Position: 7.8% below the Forest Products median (#158 of 276)

No single metric tells the full story. See the TSE:3863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Paper Industries Co Business Description

Other Exchanges 9NI:Germany
Address 4-6, Kanda-Surugadai, Chiyoda-ku, Tokyo, JPN, 101-0062
Nippon Paper Industries Co Ltd produces and sells a variety of paper products. The company's paper products include newsprint, printing, sanitary, and packaging paper, as well as container board and boxes. The firm also sells construction materials, and generates electric power. Nippon Paper organizes itself into four segments based on product type: pulp and paper; paper related; wood products and construction related; and other. The pulp and paper segment generates the majority of revenue. The majority of sales are made in Japan.
54GF Score

Get the complete analysis for TSE:3863

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,309.00
Price
円1,145.94
GF Value