Toho Chemical Industry Co (TSE:4409) Days Payable: 65.38 (As of Mar. 2026) — 18% Below Median


TSE:4409 Toho Chemical Industry Co Ltd TSE:4409
60 GF Score
Price 円739.00
GF Value 円627.14
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Toho Chemical Industry Co Days Payable?

Toho Chemical Industry Co TSE:4409 60 Days Payable is 65.38 as of Mar. 2026, which is 18% below its 10-year median of 79.85. GuruFocus rates TSE:4409 with a GF Score™ of 60/100 and a GF Value™ of 円627.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,550 Chemicals companies, Toho Chemical Industry Co ranks better than 56.65% on this metric.

Toho Chemical Industry Co's average Accounts Payable for the six months ended in Mar. 2026 was 円8,290 Mil. Toho Chemical Industry Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円23,139 Mil. Hence, Toho Chemical Industry Co's Days Payable for the six months ended in Mar. 2026 was 65.38.

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

TSE:4409' s Days Payable Range Over the Past 10 Years
Min: 66.76   Med: 79.85   Max: 85.55
Current: 67.35

During the past 13 years, Toho Chemical Industry Co's highest Days Payable was 85.55. The lowest was 66.76. And the median was 79.85.

TSE:4409's Days Payable is ranked better than
56.65% of 1550 companies
in the Chemicals industry
Industry Median: 59.795 vs TSE:4409: 67.35

Toho Chemical Industry Co's Days Payable declined from Mar. 2025 (66.59) to Mar. 2026 (65.38). It may suggest that Toho Chemical Industry Co accelerated paying its suppliers.


Toho Chemical Industry Co Days Payable Historical Data

* Premium members only.

The historical data trend for Toho Chemical Industry 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 Chemical Industry Co Days Payable Chart

Toho Chemical Industry 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 71.13 72.42 80.43 70.99 66.76

Toho Chemical Industry Co 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 75.96 71.15 66.59 70.03 65.38

TSE:4409 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Toho Chemical Industry 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 Chemical Industry Co Days Payable vs Chemicals Industry

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

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


TSE:4409
60GF Score
Toho Chemical Industry Co Ltd TSE:4409
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Toho Chemical Industry 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 Chemical Industry 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
=( (8353 + 8124) / 2 ) / 45040*365
=8238.5 / 45040*365
=66.76

Toho Chemical Industry 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (8455 + 8124) / 2 ) / 23139*365 / 2
=8289.5 / 23139*365 / 2
=65.38

* 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 65.38 mean?
Toho Chemical Industry Co (TSE:4409) has a Days Payable of 65.38 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 Chemical Industry Co and its competitors. This is 18% below median its historical median of 79.85. Over the past decade, Toho Chemical Industry Co's Days Payable has ranged from 66.76 to 85.55. According to the industry distribution chart, Toho Chemical Industry Co ranks #672 out of 1550 companies in the Chemicals industry, placing it in the top 43.4%.
Is Toho Chemical Industry Co's Days Payable too high?
Toho Chemical Industry Co's current Days Payable of 65.38 is 18% below median its 10-year median of 79.85. Over the past 10 years, this metric has ranged from a low of 66.76 to a high of 85.55. The Chemicals industry median Days Payable is 59.80. Toho Chemical Industry Co's value of 65.38 is 9.3% above this industry median. Based on the distribution chart, Toho Chemical Industry Co ranks #672 out of 1550 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toho Chemical Industry Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toho Chemical Industry Co ranks #672 out of 1550 companies for Days Payable. This puts Toho Chemical Industry Co in the upper half of its industry. The industry median Days Payable is 59.80. Toho Chemical Industry Co's value of 65.38 is 9.3% above this benchmark. Historically, Toho Chemical Industry Co's own Days Payable has ranged from 66.76 to 85.55 over the past decade. While the company's 10-year median is 79.85 vs. the industry median of 59.80, Toho Chemical Industry 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 59.80, based on 1,550 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 Chemical Industry Co's current Days Payable of 65.38 is 9.3% 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 Chemical Industry Co and its competitors. For the Chemicals industry, the median Days Payable is 59.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Chemical Industry Co's current Days Payable is 65.38, which is 18% below median its own 10-year median of 79.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円627.14, compared to a current price of 円739.00 — trading 17.8% above its estimated fair value. The current Days Payable is 65.38, which is 18% below median its 10-year median of 79.85 and 9.3% above the Chemicals industry median of 59.80. Toho Chemical Industry Co's overall GF Score™ is 60/100 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 Toho Chemical Industry Co (TSE:4409), the current Days Payable is 65.38 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 Chemical Industry Co (TSE:4409) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued. The current stock price of 円739.00 is trading 17.8% above its estimated GF Value™ of 円627.14. GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.

Key valuation signals for TSE:4409:

  • Days Payable: 65.38 (18% below median its 10-year median of 79.85)
  • GF Value™: 円627.14 vs. price of 円739.00 (17.8% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 9.3% above the Chemicals median (#672 of 1550)

No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Chemical Industry Co Business Description

Address 6-4 Akashi-cho, Chuo-Ku, Nichirei Akashi-cho Building, Tokyo, JPN, 104-0044
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
60GF Score

Get the complete analysis for TSE:4409

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

円739.00
Price
円627.14
GF Value