Enechange (TSE:4169) Days Payable: 14.04 (As of Mar. 2026) — 18% Above Median


TSE:4169 Enechange Ltd TSE:4169
41 GF Score
Price 円213.00
GF Value 円591.44
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Enechange Days Payable?

Enechange TSE:4169 +4.93% 41 Days Payable is 14.04 as of Mar. 2026, which is 18% above its 10-year median of 11.89. GuruFocus rates TSE:4169 with a GF Score™ of 41/100 and a GF Value™ of 円591.44 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,605 Software companies, Enechange ranks worse than 84.45% on this metric.

Enechange's average Accounts Payable for the six months ended in Mar. 2026 was 円32 Mil. Enechange's Cost of Goods Sold for the six months ended in Mar. 2026 was 円419 Mil. Hence, Enechange's Days Payable for the six months ended in Mar. 2026 was 14.04.

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

TSE:4169' s Days Payable Range Over the Past 10 Years
Min: 8.55   Med: 11.89   Max: 18.69
Current: 16.73

During the past 8 years, Enechange's highest Days Payable was 18.69. The lowest was 8.55. And the median was 11.89.

TSE:4169's Days Payable is ranked worse than
84.45% of 2605 companies
in the Software industry
Industry Median: 52.79 vs TSE:4169: 16.73

Enechange's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (14.04). It may suggest that Enechange delayed paying its suppliers.


Enechange Days Payable Historical Data

* Premium members only.

The historical data trend for Enechange'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.

Enechange Days Payable Chart

Enechange Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 8.55 12.36 14.35 0.00 18.69

Enechange Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 13.09 15.32 0.00 17.66 14.04

TSE:4169 vs UBER, SHOP, CRM: Days Payable Comparison

For the Software - Application subindustry, Enechange'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.


Enechange Days Payable vs Software Industry

For the Software industry and Technology sector, Enechange's Days Payable distribution charts can be found below:

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


TSE:4169
41GF Score
Enechange Ltd TSE:4169
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Enechange 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.

Enechange'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
=( (44.386 + 36.725) / 2 ) / 791.853*365
=40.5555 / 791.853*365
=18.69

Enechange'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
=( (27.757 + 36.725) / 2 ) / 419.167*365 / 2
=32.241 / 419.167*365 / 2
=14.04

* 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 14.04 mean?
Enechange (TSE:4169) has a Days Payable of 14.04 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 Enechange and its competitors. This is 18% above median its historical median of 11.89. Over the past decade, Enechange's Days Payable has ranged from 8.55 to 18.69. According to the industry distribution chart, Enechange ranks #2200 out of 2605 companies in the Software industry, placing it in the top 84.5%.
Is Enechange's Days Payable too high?
Enechange's current Days Payable of 14.04 is 18% above median its 10-year median of 11.89. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 18.69. The Software industry median Days Payable is 52.79. Enechange's value of 14.04 is 73.4% below this industry median. Based on the distribution chart, Enechange ranks #2200 out of 2605 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Enechange has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enechange's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Enechange ranks #2200 out of 2605 companies for Days Payable. This places Enechange in the lower half of its industry. The industry median Days Payable is 52.79. Enechange's value of 14.04 is 73.4% below this benchmark. Historically, Enechange's own Days Payable has ranged from 8.55 to 18.69 over the past decade. While the company's 10-year median is 11.89 vs. the industry median of 52.79, Enechange 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 Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 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. Enechange's current Days Payable of 14.04 is 73.4% 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 Enechange and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enechange's current Days Payable is 14.04, which is 18% above median its own 10-year median of 11.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enechange stock overvalued right now?
Based on GuruFocus' analysis, Enechange (TSE:4169) is currently considered Significantly Undervalued. The stock's GF Value™ is 円591.44, compared to a current price of 円213.00 — trading 64% below its estimated fair value. The current Days Payable is 14.04, which is 18% above median its 10-year median of 11.89 and 73.4% below the Software industry median of 52.79. Enechange's overall GF Score™ is 41/100 with 2 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 Enechange (TSE:4169), the current Days Payable is 14.04 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 Enechange (TSE:4169) Overvalued in 2026?

Based on GuruFocus' analysis, Enechange stock appears to be undervalued. The current stock price of 円213.00 is trading 64% below its estimated GF Value™ of 円591.44. GuruFocus considers Enechange to be Significantly Undervalued.

Key valuation signals for TSE:4169:

  • Days Payable: 14.04 (18% above median its 10-year median of 11.89)
  • GF Value™: 円591.44 vs. price of 円213.00 (64% below fair value)
  • GF Score™: 41/100 with 2 warning signs
  • Industry Position: 73.4% below the Software median (#2200 of 2605)

No single metric tells the full story. See the TSE:4169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enechange Business Description

Address 2-6-2 Otemachi, 3rd Floor, Nihon Building, Chiyoda-ku, Tokyo, JPN, 100-0004
Enechange Ltd is a energy switching platform for consumers, and cloud based SaaS applications namely EMAP (digital marketing), SMAP (AI-based smart meter analytics) for energy companies.
41GF Score

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

円213.00
Price
円591.44
GF Value