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RayTSE:4317 -1.24%75 Days Payable is 35.76 as of Feb. 2026, which is 18% below its 10-year median of 43.61. GuruFocus rates TSE:4317 with a GF Score™ of 75/100 and a GF Value™ of 円558.91 (Fairly Valued). Among 914 Media - Diversified companies, Ray ranks worse than 80.09% on this metric.
Ray's average Accounts Payable for the
three
months ended in Feb. 2026 was 円824 Mil. Ray's Cost of Goods Sold for the
three
months ended in Feb. 2026 was 円2,102 Mil.
Hence, Ray's Days Payable for the
three
months ended in Feb. 2026 was 35.76.
The historical rank and industry rank for Ray's Days Payable or its related term are showing as below:
TSE:4317'
s Days Payable Range Over the Past 10 Years
Min: 27.6 Med: 43.61 Max: 63.75
Current: 28.51
During the past 13 years, Ray's highest Days Payable was 63.75. The lowest was 27.60. And the median was 43.61.
TSE:4317's Days Payable is ranked worse than 80.09% of 914
companies
in the Media - Diversified industry
Industry Median: 81.23
vs TSE:4317: 28.51
Ray's Days Payable
increased
from Feb. 2025 (0.00) to Feb. 2026 (35.76).
It may suggest that Raydelayed paying its suppliers.
The historical data trend for Ray'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:4317 vs NFLX, DIS, WBD: Days Payable Comparison
For the Entertainment subindustry, Ray'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.
Ray Days Payable vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Ray's Days Payable distribution charts can be found below:
* The bar in red indicates where Ray'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.
Ray's Days Payable for the fiscal year that ended in Feb. 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.
Ray (TSE:4317) has a Days Payable of 35.76 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ray and its competitors. This is 18% below median its historical median of 43.61. Over the past decade, Ray's Days Payable has ranged from 27.60 to 63.75. According to the industry distribution chart, Ray ranks #732 out of 914 companies in the Media - Diversified industry, placing it in the top 80.1%.
Is Ray's Days Payable too high?
Ray's current Days Payable of 35.76 is 18% below median its 10-year median of 43.61. Over the past 10 years, this metric has ranged from a low of 27.60 to a high of 63.75. The Media - Diversified industry median Days Payable is 81.23. Ray's value of 35.76 is 56% below this industry median. Based on the distribution chart, Ray ranks #732 out of 914 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Ray has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ray's Days Payable compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Ray ranks #732 out of 914 companies for Days Payable. This places Ray in the lower half of its industry. The industry median Days Payable is 81.23. Ray's value of 35.76 is 56% below this benchmark. Historically, Ray's own Days Payable has ranged from 27.60 to 63.75 over the past decade. While the company's 10-year median is 43.61 vs. the industry median of 81.23, Ray 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 81.23, based on 914 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. Ray's current Days Payable of 35.76 is 56% 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 Ray and its competitors. For the Media - Diversified industry, the median Days Payable is 81.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current Days Payable is 35.76, which is 18% below median its own 10-year median of 43.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Fairly Valued. The stock's GF Value™ is 円558.91, compared to a current price of 円559.00 — trading 0% above its estimated fair value. The current Days Payable is 35.76, which is 18% below median its 10-year median of 43.61 and 56% below the Media - Diversified industry median of 81.23. Ray's overall GF Score™ is 75/100. 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 Ray (TSE:4317), the current Days Payable is 35.76 as of Feb. 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 Ray (TSE:4317) Overvalued in 2026?
Based on GuruFocus' analysis, Ray stock appears to be overvalued.
The current stock price of 円559.00 is trading 0% above its estimated GF Value™ of 円558.91.
GuruFocus considers Ray to be Fairly Valued.
Key valuation signals for TSE:4317:
Days Payable: 35.76 (18% below median its 10-year median of 43.61)
GF Value™: 円558.91 vs. price of 円559.00 (0% above fair value)
Industry Position: 56% below the Media - Diversified median (#732 of 914)
No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
75GF Score
Get the complete analysis for TSE:4317
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