Nippon Shikizai (TSE:4920) Days Payable: 18.03 (As of Feb. 2026) — 21% Below Median


TSE:4920 Nippon Shikizai Inc TSE:4920
67 GF Score
Price 円1,160.00
GF Value 円1,472.27
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Nippon Shikizai Days Payable?

Nippon Shikizai TSE:4920 +0.17% 67 Days Payable is 18.03 as of Feb. 2026, which is 21% below its 10-year median of 22.77. GuruFocus rates TSE:4920 with a GF Score™ of 67/100 and a GF Value™ of 円1,472.27 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,888 Consumer Packaged Goods companies, Nippon Shikizai ranks worse than 85.75% on this metric.

Nippon Shikizai's average Accounts Payable for the six months ended in Feb. 2026 was 円743 Mil. Nippon Shikizai's Cost of Goods Sold for the six months ended in Feb. 2026 was 円7,518 Mil. Hence, Nippon Shikizai's Days Payable for the six months ended in Feb. 2026 was 18.03.

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

TSE:4920' s Days Payable Range Over the Past 10 Years
Min: 18.88   Med: 22.77   Max: 25.9
Current: 18.88

During the past 13 years, Nippon Shikizai's highest Days Payable was 25.90. The lowest was 18.88. And the median was 22.77.

TSE:4920's Days Payable is ranked worse than
85.75% of 1888 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs TSE:4920: 18.88

Nippon Shikizai's Days Payable declined from Feb. 2025 (19.93) to Feb. 2026 (18.03). It may suggest that Nippon Shikizai accelerated paying its suppliers.


Nippon Shikizai Days Payable Historical Data

* Premium members only.

The historical data trend for Nippon Shikizai'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.

Nippon Shikizai Days Payable Chart

Nippon Shikizai Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.72 23.16 23.75 19.62 19.82

Nippon Shikizai Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 24.19 19.46 19.93 18.81 18.03

TSE:4920 vs PG, CL, KVUE: Days Payable Comparison

For the Household & Personal Products subindustry, Nippon Shikizai'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.


Nippon Shikizai Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nippon Shikizai's Days Payable distribution charts can be found below:

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


TSE:4920
67GF Score
Nippon Shikizai Inc TSE:4920
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Shikizai 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.

Nippon Shikizai's Days Payable for the fiscal year that ended in Feb. 2026 is calculated as

Days Payable (A: Feb. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2025 ) + Accounts Payable (A: Feb. 2026 )) / count ) / Cost of Goods Sold (A: Feb. 2026 )*Days in Period
=( (754.979 + 813.463) / 2 ) / 14441.754*365
=784.221 / 14441.754*365
=19.82

Nippon Shikizai's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (672.344 + 813.463) / 2 ) / 7517.697*365 / 2
=742.9035 / 7517.697*365 / 2
=18.03

* 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 18.03 mean?
Nippon Shikizai (TSE:4920) has a Days Payable of 18.03 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 Nippon Shikizai and its competitors. This is 21% below median its historical median of 22.77. Over the past decade, Nippon Shikizai's Days Payable has ranged from 18.88 to 25.90. According to the industry distribution chart, Nippon Shikizai ranks #1619 out of 1888 companies in the Consumer Packaged Goods industry, placing it in the top 85.8%.
Is Nippon Shikizai's Days Payable too high?
Nippon Shikizai's current Days Payable of 18.03 is 21% below median its 10-year median of 22.77. Over the past 10 years, this metric has ranged from a low of 18.88 to a high of 25.90. The Consumer Packaged Goods industry median Days Payable is 44.15. Nippon Shikizai's value of 18.03 is 59.2% below this industry median. Based on the distribution chart, Nippon Shikizai ranks #1619 out of 1888 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Nippon Shikizai has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Shikizai's Days Payable compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Nippon Shikizai ranks #1619 out of 1888 companies for Days Payable. This places Nippon Shikizai in the lower half of its industry. The industry median Days Payable is 44.15. Nippon Shikizai's value of 18.03 is 59.2% below this benchmark. Historically, Nippon Shikizai's own Days Payable has ranged from 18.88 to 25.90 over the past decade. While the company's 10-year median is 22.77 vs. the industry median of 44.15, Nippon Shikizai 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,888 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. Nippon Shikizai's current Days Payable of 18.03 is 59.2% 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 Nippon Shikizai and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Shikizai's current Days Payable is 18.03, which is 21% below median its own 10-year median of 22.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Shikizai stock overvalued right now?
Based on GuruFocus' analysis, Nippon Shikizai (TSE:4920) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,472.27, compared to a current price of 円1,160.00 — trading 21.2% below its estimated fair value. The current Days Payable is 18.03, which is 21% below median its 10-year median of 22.77 and 59.2% below the Consumer Packaged Goods industry median of 44.15. Nippon Shikizai's overall GF Score™ is 67/100 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 Nippon Shikizai (TSE:4920), the current Days Payable is 18.03 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 Nippon Shikizai (TSE:4920) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Shikizai stock appears to be undervalued. The current stock price of 円1,160.00 is trading 21.2% below its estimated GF Value™ of 円1,472.27. GuruFocus considers Nippon Shikizai to be Modestly Undervalued.

Key valuation signals for TSE:4920:

  • Days Payable: 18.03 (21% below median its 10-year median of 22.77)
  • GF Value™: 円1,472.27 vs. price of 円1,160.00 (21.2% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 59.2% below the Consumer Packaged Goods median (#1619 of 1888)

No single metric tells the full story. See the TSE:4920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Shikizai Business Description

Address 5-3-13, Mita, Minato-ku, Tokyo, JPN
Nippon Shikizai Inc. is a cosmetics manufacturing service solution provider. It offers products for the face, lips, eyes and skin. The product portfolio of the company includes lipstick, lip liner, lipgloss, powder eye shadow, cream eye shadow, mascara, concealer, highlighter, cleanser, scrub, sunscreen and other products.
67GF Score

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

円1,160.00
Price
円1,472.27
GF Value