Superbag Co (TSE:3945) Days Payable: 34.16 (As of Mar. 2026) — 32% Below Median


TSE:3945 Superbag Co Ltd TSE:3945
53 GF Score
Price 円2,233.00
GF Value 円2,597.65
Valuation Modestly Undervalued
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What is Superbag Co Days Payable?

Superbag Co TSE:3945 +0.31% 53 Days Payable is 34.16 as of Mar. 2026, which is 32% below its 10-year median of 50.51. GuruFocus rates TSE:3945 with a GF Score™ of 53/100 and a GF Value™ of 円2,597.65 (Modestly Undervalued). Among 275 Forest Products companies, Superbag Co ranks worse than 70.55% on this metric.

Superbag Co's average Accounts Payable for the six months ended in Mar. 2026 was 円2,225 Mil. Superbag Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円11,886 Mil. Hence, Superbag Co's Days Payable for the six months ended in Mar. 2026 was 34.16.

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

TSE:3945' s Days Payable Range Over the Past 10 Years
Min: 36.49   Med: 50.51   Max: 67.08
Current: 36.49

During the past 13 years, Superbag Co's highest Days Payable was 67.08. The lowest was 36.49. And the median was 50.51.

TSE:3945's Days Payable is ranked worse than
70.55% of 275 companies
in the Forest Products industry
Industry Median: 56.94 vs TSE:3945: 36.49

Superbag Co's Days Payable declined from Mar. 2025 (36.02) to Mar. 2026 (34.16). It may suggest that Superbag Co accelerated paying its suppliers.


Superbag Co Days Payable Historical Data

* Premium members only.

The historical data trend for Superbag 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.

Superbag Co Days Payable Chart

Superbag 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 49.91 51.11 44.08 39.34 36.66

Superbag 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 39.62 39.79 36.02 38.87 34.16

Superbag Co Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Superbag 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.


Superbag Co Days Payable vs Forest Products Industry

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

* The bar in red indicates where Superbag Co's Days Payable falls into.


TSE:3945
53GF Score
Superbag Co Ltd TSE:3945
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Superbag 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.

Superbag 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
=( (2357 + 2202) / 2 ) / 22695*365
=2279.5 / 22695*365
=36.66

Superbag 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
=( (2247 + 2202) / 2 ) / 11886*365 / 2
=2224.5 / 11886*365 / 2
=34.16

* 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 34.16 mean?
Superbag Co (TSE:3945) has a Days Payable of 34.16 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 Superbag Co and its competitors. This is 32% below median its historical median of 50.51. Over the past decade, Superbag Co's Days Payable has ranged from 36.49 to 67.08. According to the industry distribution chart, Superbag Co ranks #194 out of 275 companies in the Forest Products industry, placing it in the top 70.5%.
Is Superbag Co's Days Payable too high?
Superbag Co's current Days Payable of 34.16 is 32% below median its 10-year median of 50.51. Over the past 10 years, this metric has ranged from a low of 36.49 to a high of 67.08. The Forest Products industry median Days Payable is 56.94. Superbag Co's value of 34.16 is 40% below this industry median. Based on the distribution chart, Superbag Co ranks #194 out of 275 companies in the Forest Products industry, which is below the industry midpoint. Overall, Superbag Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Superbag Co ranks #194 out of 275 companies for Days Payable. This places Superbag Co in the lower half of its industry. The industry median Days Payable is 56.94. Superbag Co's value of 34.16 is 40% below this benchmark. Historically, Superbag Co's own Days Payable has ranged from 36.49 to 67.08 over the past decade. While the company's 10-year median is 50.51 vs. the industry median of 56.94, Superbag 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 56.94, based on 275 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. Superbag Co's current Days Payable of 34.16 is 40% 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 Superbag Co and its competitors. For the Forest Products industry, the median Days Payable is 56.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superbag Co's current Days Payable is 34.16, which is 32% below median its own 10-year median of 50.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,597.65, compared to a current price of 円2,233.00 — trading 14% below its estimated fair value. The current Days Payable is 34.16, which is 32% below median its 10-year median of 50.51 and 40% below the Forest Products industry median of 56.94. Superbag Co's overall GF Score™ is 53/100. 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 Superbag Co (TSE:3945), the current Days Payable is 34.16 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 Superbag Co (TSE:3945) Overvalued in 2026?

Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued. The current stock price of 円2,233.00 is trading 14% below its estimated GF Value™ of 円2,597.65. GuruFocus considers Superbag Co to be Modestly Undervalued.

Key valuation signals for TSE:3945:

  • Days Payable: 34.16 (32% below median its 10-year median of 50.51)
  • GF Value™: 円2,597.65 vs. price of 円2,233.00 (14% below fair value)
  • GF Score™: 53/100
  • Industry Position: 40% below the Forest Products median (#194 of 275)

No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Superbag Co Business Description

Address 5-18-11 Nishi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
53GF Score

Get the complete analysis for TSE:3945

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

円2,233.00
Price
円2,597.65
GF Value