Toho Acetylene Co (TSE:4093) Days Payable: 60.95 (As of Mar. 2026) — 22% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4093 Toho Acetylene Co Ltd TSE:4093
70 GF Score
Price 円424.00
GF Value 円353.24
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Toho Acetylene Co Days Payable?

Toho Acetylene Co TSE:4093 +0.24% 70 Days Payable is 60.95 as of Mar. 2026, which is 22% below its 10-year median of 77.74. GuruFocus rates TSE:4093 with a GF Score™ of 70/100 and a GF Value™ of 円353.24 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,552 Chemicals companies, Toho Acetylene Co ranks better than 54.57% on this metric.

Toho Acetylene Co's average Accounts Payable for the three months ended in Mar. 2026 was 円4,338 Mil. Toho Acetylene Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円6,495 Mil. Hence, Toho Acetylene Co's Days Payable for the three months ended in Mar. 2026 was 60.95.

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

TSE:4093' s Days Payable Range Over the Past 10 Years
Min: 65.1   Med: 77.74   Max: 84.26
Current: 65.1

During the past 13 years, Toho Acetylene Co's highest Days Payable was 84.26. The lowest was 65.10. And the median was 77.74.

TSE:4093's Days Payable is ranked better than
54.57% of 1552 companies
in the Chemicals industry
Industry Median: 59.645 vs TSE:4093: 65.10

Toho Acetylene Co's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (60.95). It may suggest that Toho Acetylene Co delayed paying its suppliers.


Toho Acetylene Co Days Payable Historical Data

* Premium members only.

The historical data trend for Toho Acetylene 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.

Toho Acetylene Co Days Payable Chart

Toho Acetylene 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 77.31 72.14 74.22 74.74 67.67

Toho Acetylene Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 68.46 70.08 59.94 60.95

TSE:4093 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Toho Acetylene 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.


Toho Acetylene Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toho Acetylene Co's Days Payable distribution charts can be found below:

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


TSE:4093
70GF Score
Toho Acetylene Co Ltd TSE:4093
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Acetylene 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.

Toho Acetylene 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
=( (4463.685 + 4188.412) / 2 ) / 23334.763*365
=4326.0485 / 23334.763*365
=67.67

Toho Acetylene 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
=( (4488.246 + 4188.412) / 2 ) / 6494.924*365 / 4
=4338.329 / 6494.924*365 / 4
=60.95

* 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 60.95 mean?
Toho Acetylene Co (TSE:4093) has a Days Payable of 60.95 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 Toho Acetylene Co and its competitors. This is 22% below median its historical median of 77.74. Over the past decade, Toho Acetylene Co's Days Payable has ranged from 65.10 to 84.26. According to the industry distribution chart, Toho Acetylene Co ranks #705 out of 1552 companies in the Chemicals industry, placing it in the top 45.4%.
Is Toho Acetylene Co's Days Payable too high?
Toho Acetylene Co's current Days Payable of 60.95 is 22% below median its 10-year median of 77.74. Over the past 10 years, this metric has ranged from a low of 65.10 to a high of 84.26. The Chemicals industry median Days Payable is 59.65. Toho Acetylene Co's value of 60.95 is 2.2% above this industry median. Based on the distribution chart, Toho Acetylene Co ranks #705 out of 1552 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toho Acetylene Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Acetylene Co's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Toho Acetylene Co ranks #705 out of 1552 companies for Days Payable. This puts Toho Acetylene Co in the upper half of its industry. The industry median Days Payable is 59.65. Toho Acetylene Co's value of 60.95 is 2.2% above this benchmark. Historically, Toho Acetylene Co's own Days Payable has ranged from 65.10 to 84.26 over the past decade. While the company's 10-year median is 77.74 vs. the industry median of 59.65, Toho Acetylene Co 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.65, based on 1,552 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. Toho Acetylene Co's current Days Payable of 60.95 is 2.2% 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 Toho Acetylene Co and its competitors. For the Chemicals industry, the median Days Payable is 59.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Acetylene Co's current Days Payable is 60.95, which is 22% below median its own 10-year median of 77.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Acetylene Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Acetylene Co (TSE:4093) is currently considered Modestly Overvalued. The stock's GF Value™ is 円353.24, compared to a current price of 円424.00 — trading 20% above its estimated fair value. The current Days Payable is 60.95, which is 22% below median its 10-year median of 77.74 and 2.2% above the Chemicals industry median of 59.65. Toho Acetylene Co's overall GF Score™ is 70/100 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 Toho Acetylene Co (TSE:4093), the current Days Payable is 60.95 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 Toho Acetylene Co (TSE:4093) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Acetylene Co stock appears to be overvalued. The current stock price of 円424.00 is trading 20% above its estimated GF Value™ of 円353.24. GuruFocus considers Toho Acetylene Co to be Modestly Overvalued.

Key valuation signals for TSE:4093:

  • Days Payable: 60.95 (22% below median its 10-year median of 77.74)
  • GF Value™: 円353.24 vs. price of 円424.00 (20% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 2.2% above the Chemicals median (#705 of 1552)

No single metric tells the full story. See the TSE:4093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Acetylene Co Business Description

Address Sakae 2 - chome No. 3 32, Miyagi Prefecture, Tagajo, JPN, 103-0004
Toho Acetylene Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gases. It is organized in three business segments - Gas related business, Equipment related business and Automotive Equipment related business. It offers dissolve acetylene, acid, glutinous, liquefied petroleum gas, solution materials, fusion cutting equipment, containers, and life-related equipment.
70GF Score

Get the complete analysis for TSE:4093

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

円424.00
Price
円353.24
GF Value