Awa Paper & Technological Co (TSE:3896) Days Payable: 34.56 (As of Mar. 2026) — Near Median

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TSE:3896 Awa Paper & Technological Co Inc TSE:3896
56 GF Score
Price 円366.00
GF Value 円499.08
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Awa Paper & Technological Co Days Payable?

Awa Paper & Technological Co TSE:3896 -0.27% 56 Days Payable is 34.56 as of Mar. 2026, which is 7% below its 10-year median of 37.02. GuruFocus rates TSE:3896 with a GF Score™ of 56/100 and a GF Value™ of 円499.08 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 276 Forest Products companies, Awa Paper & Technological Co ranks worse than 74.64% on this metric.

Awa Paper & Technological Co's average Accounts Payable for the six months ended in Mar. 2026 was 円1,541 Mil. Awa Paper & Technological Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円8,140 Mil. Hence, Awa Paper & Technological Co's Days Payable for the six months ended in Mar. 2026 was 34.56.

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

TSE:3896' s Days Payable Range Over the Past 10 Years
Min: 34.58   Med: 37.02   Max: 78.41
Current: 34.66

During the past 13 years, Awa Paper & Technological Co's highest Days Payable was 78.41. The lowest was 34.58. And the median was 37.02.

TSE:3896's Days Payable is ranked worse than
74.64% of 276 companies
in the Forest Products industry
Industry Median: 56.785 vs TSE:3896: 34.66

Awa Paper & Technological Co's Days Payable declined from Mar. 2025 (36.22) to Mar. 2026 (34.56). It may suggest that Awa Paper & Technological Co accelerated paying its suppliers.


Awa Paper & Technological Co Days Payable Historical Data

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The historical data trend for Awa Paper & Technological 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.

Awa Paper & Technological Co Days Payable Chart

Awa Paper & Technological 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 34.58 34.94 36.95 34.62 37.09

Awa Paper & Technological Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 36.83 35.94 36.22 32.30 34.56

Awa Paper & Technological Co Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Awa Paper & Technological 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.


Awa Paper & Technological Co Days Payable vs Forest Products Industry

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

* The bar in red indicates where Awa Paper & Technological Co's Days Payable falls into.


TSE:3896
56GF Score
Awa Paper & Technological Co Inc TSE:3896
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Awa Paper & Technological 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.

Awa Paper & Technological 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
=( (1468.058 + 1777.934) / 2 ) / 15973.934*365
=1622.996 / 15973.934*365
=37.09

Awa Paper & Technological 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1304.966 + 1777.934) / 2 ) / 8140.324*365 / 2
=1541.45 / 8140.324*365 / 2
=34.56

* 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 34.56 mean?
Awa Paper & Technological Co (TSE:3896) has a Days Payable of 34.56 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 Awa Paper & Technological Co and its competitors. This is near median its historical median of 37.02. Over the past decade, Awa Paper & Technological Co's Days Payable has ranged from 34.58 to 78.41. According to the industry distribution chart, Awa Paper & Technological Co ranks #206 out of 276 companies in the Forest Products industry, placing it in the top 74.6%.
Is Awa Paper & Technological Co's Days Payable too high?
Awa Paper & Technological Co's current Days Payable of 34.56 is near median its 10-year median of 37.02. Over the past 10 years, this metric has ranged from a low of 34.58 to a high of 78.41. The Forest Products industry median Days Payable is 56.79. Awa Paper & Technological Co's value of 34.56 is 39.1% below this industry median. Based on the distribution chart, Awa Paper & Technological Co ranks #206 out of 276 companies in the Forest Products industry, which is below the industry midpoint. Overall, Awa Paper & Technological Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Awa Paper & Technological Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Awa Paper & Technological Co ranks #206 out of 276 companies for Days Payable. This places Awa Paper & Technological Co in the lower half of its industry. The industry median Days Payable is 56.79. Awa Paper & Technological Co's value of 34.56 is 39.1% below this benchmark. Historically, Awa Paper & Technological Co's own Days Payable has ranged from 34.58 to 78.41 over the past decade. While the company's 10-year median is 37.02 vs. the industry median of 56.79, Awa Paper & Technological 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 56.79, 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. Awa Paper & Technological Co's current Days Payable of 34.56 is 39.1% 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 Awa Paper & Technological Co and its competitors. For the Forest Products industry, the median Days Payable is 56.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Awa Paper & Technological Co's current Days Payable is 34.56, which is near median its own 10-year median of 37.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Awa Paper & Technological Co stock overvalued right now?
Based on GuruFocus' analysis, Awa Paper & Technological Co (TSE:3896) is currently considered Modestly Undervalued. The stock's GF Value™ is 円499.08, compared to a current price of 円366.00 — trading 26.7% below its estimated fair value. The current Days Payable is 34.56, which is near median its 10-year median of 37.02 and 39.1% below the Forest Products industry median of 56.79. Awa Paper & Technological Co's overall GF Score™ is 56/100 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 Awa Paper & Technological Co (TSE:3896), the current Days Payable is 34.56 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 Awa Paper & Technological Co (TSE:3896) Overvalued in 2026?

Based on GuruFocus' analysis, Awa Paper & Technological Co stock appears to be undervalued. The current stock price of 円366.00 is trading 26.7% below its estimated GF Value™ of 円499.08. GuruFocus considers Awa Paper & Technological Co to be Modestly Undervalued.

Key valuation signals for TSE:3896:

  • Days Payable: 34.56 (near median its 10-year median of 37.02)
  • GF Value™: 円499.08 vs. price of 円366.00 (26.7% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 39.1% below the Forest Products median (#206 of 276)

No single metric tells the full story. See the TSE:3896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Awa Paper & Technological Co Business Description

Address 3-10-18, Minamiyasocho, Tokushima-shi, Tokushima, JPN, 770-0005
Awa Paper & Technological Co Inc is engaged in manufacturing and selling papers. The company provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, and cushion papers, as well as graphitic, carbon fiber, activated carbon fiber, and activated carbon.
56GF Score

Get the complete analysis for TSE:3896

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

円366.00
Price
円499.08
GF Value