Titan Kogyo (TSE:4098) Days Payable: 33.75 (As of Mar. 2026) — 21% Below Median


TSE:4098 Titan Kogyo Ltd TSE:4098
58 GF Score
Price 円1,019.00
GF Value 円1,016.41
Valuation Fairly Valued
! 5 Warning Signs
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What is Titan Kogyo Days Payable?

Titan Kogyo TSE:4098 +1.09% 58 Days Payable is 33.75 as of Mar. 2026, which is 21% below its 10-year median of 42.68. GuruFocus rates TSE:4098 with a GF Score™ of 58/100 and a GF Value™ of 円1,016.41 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,555 Chemicals companies, Titan Kogyo ranks worse than 79.49% on this metric.

Titan Kogyo's average Accounts Payable for the six months ended in Mar. 2026 was 円615 Mil. Titan Kogyo's Cost of Goods Sold for the six months ended in Mar. 2026 was 円3,323 Mil. Hence, Titan Kogyo's Days Payable for the six months ended in Mar. 2026 was 33.75.

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

TSE:4098' s Days Payable Range Over the Past 10 Years
Min: 27.55   Med: 42.68   Max: 86.8
Current: 30.33

During the past 13 years, Titan Kogyo's highest Days Payable was 86.80. The lowest was 27.55. And the median was 42.68.

TSE:4098's Days Payable is ranked worse than
79.49% of 1555 companies
in the Chemicals industry
Industry Median: 59.95 vs TSE:4098: 30.33

Titan Kogyo's Days Payable increased from Mar. 2025 (27.49) to Mar. 2026 (33.75). It may suggest that Titan Kogyo delayed paying its suppliers.


Titan Kogyo Days Payable Historical Data

* Premium members only.

The historical data trend for Titan Kogyo'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.

Titan Kogyo Days Payable Chart

Titan Kogyo 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 31.93 37.46 35.38 35.14 27.55

Titan Kogyo 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 27.42 38.69 27.49 29.77 33.75

TSE:4098 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Titan Kogyo'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.


Titan Kogyo Days Payable vs Chemicals Industry

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

* The bar in red indicates where Titan Kogyo's Days Payable falls into.


TSE:4098
58GF Score
Titan Kogyo Ltd TSE:4098
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Titan Kogyo 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.

Titan Kogyo'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
=( (462 + 562) / 2 ) / 6783*365
=512 / 6783*365
=27.55

Titan Kogyo'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
=( (667 + 562) / 2 ) / 3323*365 / 2
=614.5 / 3323*365 / 2
=33.75

* 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 33.75 mean?
Titan Kogyo (TSE:4098) has a Days Payable of 33.75 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 Titan Kogyo and its competitors. This is 21% below median its historical median of 42.68. Over the past decade, Titan Kogyo's Days Payable has ranged from 27.55 to 86.80. According to the industry distribution chart, Titan Kogyo ranks #1236 out of 1555 companies in the Chemicals industry, placing it in the top 79.5%.
Is Titan Kogyo's Days Payable too high?
Titan Kogyo's current Days Payable of 33.75 is 21% below median its 10-year median of 42.68. Over the past 10 years, this metric has ranged from a low of 27.55 to a high of 86.80. The Chemicals industry median Days Payable is 59.95. Titan Kogyo's value of 33.75 is 43.7% below this industry median. Based on the distribution chart, Titan Kogyo ranks #1236 out of 1555 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Titan Kogyo has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Titan Kogyo's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Titan Kogyo ranks #1236 out of 1555 companies for Days Payable. This places Titan Kogyo in the lower half of its industry. The industry median Days Payable is 59.95. Titan Kogyo's value of 33.75 is 43.7% below this benchmark. Historically, Titan Kogyo's own Days Payable has ranged from 27.55 to 86.80 over the past decade. While the company's 10-year median is 42.68 vs. the industry median of 59.95, Titan Kogyo 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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. Titan Kogyo's current Days Payable of 33.75 is 43.7% 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 Titan Kogyo and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titan Kogyo's current Days Payable is 33.75, which is 21% below median its own 10-year median of 42.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan Kogyo stock overvalued right now?
Based on GuruFocus' analysis, Titan Kogyo (TSE:4098) is currently considered Fairly Valued. The stock's GF Value™ is 円1,016.41, compared to a current price of 円1,019.00 — trading 0.3% above its estimated fair value. The current Days Payable is 33.75, which is 21% below median its 10-year median of 42.68 and 43.7% below the Chemicals industry median of 59.95. Titan Kogyo's overall GF Score™ is 58/100 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 Titan Kogyo (TSE:4098), the current Days Payable is 33.75 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 Titan Kogyo (TSE:4098) Overvalued in 2026?

Based on GuruFocus' analysis, Titan Kogyo stock appears to be overvalued. The current stock price of 円1,019.00 is trading 0.3% above its estimated GF Value™ of 円1,016.41. GuruFocus considers Titan Kogyo to be Fairly Valued.

Key valuation signals for TSE:4098:

  • Days Payable: 33.75 (21% below median its 10-year median of 42.68)
  • GF Value™: 円1,016.41 vs. price of 円1,019.00 (0.3% above fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 43.7% below the Chemicals median (#1236 of 1555)

No single metric tells the full story. See the TSE:4098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titan Kogyo Business Description

Address 1978-25 Ogushi, Yamaguchi Prefecture, Ube, JPN, 755-8567
Titan Kogyo Ltd Formerly Titan Kogyo Kabushiki Kaisha is engaged in the manufacturing and selling of titanium oxide and iron oxide and chemical industrial products. Its product offering includes ultrafine titanium oxide, cosmetic pigment, conductive inorganic oxide, titanate, TAROX synthetic iron oxide, scaly iron oxide, and ferrous sulfate. Its products are used as a material for various products such as paints, chemical fibres, building materials, electronic materials, and cosmetics.
58GF Score

Get the complete analysis for TSE:4098

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

円1,019.00
Price
円1,016.41
GF Value