Change HoldingsTSE:3962 -0.54%69 Days Payable is 304.30 as of Mar. 2026, which is 72% above its 10-year median of 177.11. GuruFocus rates TSE:3962 with a GF Score™ of 69/100 and a GF Value™ of 円1,872.88 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,598 Software companies, Change Holdings ranks better than 88.22% on this metric.
The historical rank and industry rank for Change Holdings's Days Payable or its related term are showing as below:
TSE:3962'
s Days Payable Range Over the Past 10 Years
Min: 22.74 Med: 177.11 Max: 289.89
Current: 289.89
During the past 11 years, Change Holdings's highest Days Payable was 289.89. The lowest was 22.74. And the median was 177.11.
TSE:3962's Days Payable is ranked better than 88.22% of 2598
companies
in the Software industry
Industry Median: 53.595
vs TSE:3962: 289.89
Change Holdings's Days Payable
declined
from Mar. 2025 (405.13) to Mar. 2026 (304.30).
It may suggest that Change Holdingsaccelerated paying its suppliers.
Change Holdings Days Payable Related Terms
Change Holdings Days Payable Historical Data
* Premium members only.
The historical data trend for Change Holdings'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:3962 vs IBM, ACN, FISV: Days Payable Comparison
For the Information Technology Services subindustry, Change Holdings'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.
Change Holdings Days Payable vs Software Industry
For the Software industry and Technology sector, Change Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Change Holdings'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.
Change Holdings's Days Payable for the fiscal year that ended in Mar. 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.
Change Holdings (TSE:3962) has a Days Payable of 304.30 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 Change Holdings and its competitors. This is 72% above median its historical median of 177.11. Over the past decade, Change Holdings' Days Payable has ranged from 22.74 to 289.89. According to the industry distribution chart, Change Holdings ranks #306 out of 2598 companies in the Software industry, placing it in the top 11.8%.
Is Change Holdings' Days Payable too high?
Change Holdings' current Days Payable of 304.30 is 72% above median its 10-year median of 177.11. Over the past 10 years, this metric has ranged from a low of 22.74 to a high of 289.89. The Software industry median Days Payable is 53.60. Change Holdings' value of 304.30 is 467.8% above this industry median. Based on the distribution chart, Change Holdings ranks #306 out of 2598 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Change Holdings has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #306 out of 2598 companies for Days Payable. This places Change Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.60. Change Holdings' value of 304.30 is 467.8% above this benchmark. Historically, Change Holdings' own Days Payable has ranged from 22.74 to 289.89 over the past decade. While the company's 10-year median is 177.11 vs. the industry median of 53.60, Change Holdings has consistently been above 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 53.60, 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. Change Holdings's current Days Payable of 304.30 is 467.8% above 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 Change Holdings and its competitors. For the Software industry, the median Days Payable is 53.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current Days Payable is 304.30, which is 72% above median its own 10-year median of 177.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Holdings stock overvalued right now?
Based on GuruFocus' analysis, Change Holdings (TSE:3962) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,872.88, compared to a current price of 円917.00 — trading 51% below its estimated fair value. The current Days Payable is 304.30, which is 72% above median its 10-year median of 177.11 and 467.8% above the Software industry median of 53.60. Change Holdings' overall GF Score™ is 69/100 with 5 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 Change Holdings (TSE:3962), the current Days Payable is 304.30 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 Change Holdings (TSE:3962) Overvalued in 2026?
Based on GuruFocus' analysis, Change Holdings stock appears to be undervalued.
The current stock price of 円917.00 is trading 51% below its estimated GF Value™ of 円1,872.88.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
Days Payable: 304.30 (72% above median its 10-year median of 177.11)
GF Value™: 円1,872.88 vs. price of 円917.00 (51% below fair value)
Industry Position: 467.8% above the Software median (#306 of 2598)
No single metric tells the full story. See the TSE:3962 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.
69GF Score
Get the complete analysis for TSE:3962
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3962 has been successfully added to your 
