CE Holdings Co (TSE:4320) Days Payable: 35.70 (As of Mar. 2026) — 18% Below Median

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TSE:4320 CE Holdings Co Ltd TSE:4320
73 GF Score
Price 円1,646.00
GF Value 円721.30
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CE Holdings Co Days Payable?

CE Holdings Co TSE:4320 -0.06% 73 Days Payable is 35.70 as of Mar. 2026, which is 18% below its 10-year median of 43.74. GuruFocus rates TSE:4320 with a GF Score™ of 73/100 and a GF Value™ of 円721.30 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 610 Healthcare Providers & Services companies, CE Holdings Co ranks worse than 66.89% on this metric.

CE Holdings Co's average Accounts Payable for the three months ended in Mar. 2026 was 円1,716 Mil. CE Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円4,386 Mil. Hence, CE Holdings Co's Days Payable for the three months ended in Mar. 2026 was 35.70.

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

TSE:4320' s Days Payable Range Over the Past 10 Years
Min: 32.5   Med: 43.74   Max: 52.77
Current: 36.28

During the past 13 years, CE Holdings Co's highest Days Payable was 52.77. The lowest was 32.50. And the median was 43.74.

TSE:4320's Days Payable is ranked worse than
66.89% of 610 companies
in the Healthcare Providers & Services industry
Industry Median: 57.74 vs TSE:4320: 36.28

CE Holdings Co's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (35.70). It may suggest that CE Holdings Co delayed paying its suppliers.


CE Holdings Co Days Payable Historical Data

* Premium members only.

The historical data trend for CE Holdings 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.

CE Holdings Co Days Payable Chart

CE Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.82 40.94 46.54 38.59 32.50

CE Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 49.68 38.57 32.28 35.70 59.29

TSE:4320 vs VEEV, BTSG, TEM: Days Payable Comparison

For the Health Information Services subindustry, CE Holdings 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.


CE Holdings Co Days Payable vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CE Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CE Holdings Co's Days Payable falls into.


TSE:4320
73GF Score
CE Holdings Co Ltd TSE:4320
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CE Holdings 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.

CE Holdings Co's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (1009.649 + 1171.769) / 2 ) / 12249.553*365
=1090.709 / 12249.553*365
=32.50

CE Holdings 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
=( (1597.104 + 1834.552) / 2 ) / 4385.664*365 / 4
=1715.828 / 4385.664*365 / 4
=35.70

* 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 35.70 mean?
CE Holdings Co (TSE:4320) has a Days Payable of 35.70 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 CE Holdings Co and its competitors. This is 18% below median its historical median of 43.74. Over the past decade, CE Holdings Co's Days Payable has ranged from 32.50 to 52.77. According to the industry distribution chart, CE Holdings Co ranks #408 out of 610 companies in the Healthcare Providers & Services industry, placing it in the top 66.9%.
Is CE Holdings Co's Days Payable too high?
CE Holdings Co's current Days Payable of 35.70 is 18% below median its 10-year median of 43.74. Over the past 10 years, this metric has ranged from a low of 32.50 to a high of 52.77. The Healthcare Providers & Services industry median Days Payable is 57.74. CE Holdings Co's value of 35.70 is 38.2% below this industry median. Based on the distribution chart, CE Holdings Co ranks #408 out of 610 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, CE Holdings Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CE Holdings Co's Days Payable compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, CE Holdings Co ranks #408 out of 610 companies for Days Payable. This places CE Holdings Co in the lower half of its industry. The industry median Days Payable is 57.74. CE Holdings Co's value of 35.70 is 38.2% below this benchmark. Historically, CE Holdings Co's own Days Payable has ranged from 32.50 to 52.77 over the past decade. While the company's 10-year median is 43.74 vs. the industry median of 57.74, CE Holdings Co 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 Healthcare Providers & Services company?
The median Days Payable among Healthcare Providers & Services companies is 57.74, based on 610 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. CE Holdings Co's current Days Payable of 35.70 is 38.2% 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 CE Holdings Co and its competitors. For the Healthcare Providers & Services industry, the median Days Payable is 57.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CE Holdings Co's current Days Payable is 35.70, which is 18% below median its own 10-year median of 43.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CE Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, CE Holdings Co (TSE:4320) is currently considered Significantly Overvalued. The stock's GF Value™ is 円721.30, compared to a current price of 円1,646.00 — trading 128.2% above its estimated fair value. The current Days Payable is 35.70, which is 18% below median its 10-year median of 43.74 and 38.2% below the Healthcare Providers & Services industry median of 57.74. CE Holdings Co's overall GF Score™ is 73/100 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 CE Holdings Co (TSE:4320), the current Days Payable is 35.70 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 CE Holdings Co (TSE:4320) Overvalued in 2026?

Based on GuruFocus' analysis, CE Holdings Co stock appears to be overvalued. The current stock price of 円1,646.00 is trading 128.2% above its estimated GF Value™ of 円721.30. GuruFocus considers CE Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:4320:

  • Days Payable: 35.70 (18% below median its 10-year median of 43.74)
  • GF Value™: 円721.30 vs. price of 円1,646.00 (128.2% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 38.2% below the Healthcare Providers & Services median (#408 of 610)

No single metric tells the full story. See the TSE:4320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CE Holdings Co Business Description

Address 15-1-21 Heiwa Dori Kita, Shiroishi-ku, Sapporo, JPN, 003-0029
CE Holdings Co Ltd is a Japan-based company engages in the development and sale of medical information systems focused on electronic medical record systems. It provides packaged software, medical information and accounting systems, electronic health record systems, and blood transfusion systems.
73GF Score

Get the complete analysis for TSE:4320

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

円1,646.00
Price
円721.30
GF Value