Nitta Gelatin (TSE:4977) Days Payable: 37.75 (As of Mar. 2026) — Near Median


TSE:4977 Nitta Gelatin Inc TSE:4977
76 GF Score
Price 円1,336.00
GF Value 円762.20
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nitta Gelatin Days Payable?

Nitta Gelatin TSE:4977 +0.91% 76 Days Payable is 37.75 as of Mar. 2026, which is 8% below its 10-year median of 40.84. GuruFocus rates TSE:4977 with a GF Score™ of 76/100 and a GF Value™ of 円762.20 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,550 Chemicals companies, Nitta Gelatin ranks worse than 71.29% on this metric.

Nitta Gelatin's average Accounts Payable for the six months ended in Mar. 2026 was 円2,869 Mil. Nitta Gelatin's Cost of Goods Sold for the six months ended in Mar. 2026 was 円13,870 Mil. Hence, Nitta Gelatin's Days Payable for the six months ended in Mar. 2026 was 37.75.

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

TSE:4977' s Days Payable Range Over the Past 10 Years
Min: 31.31   Med: 40.84   Max: 56.34
Current: 38.54

During the past 13 years, Nitta Gelatin's highest Days Payable was 56.34. The lowest was 31.31. And the median was 40.84.

TSE:4977's Days Payable is ranked worse than
71.29% of 1550 companies
in the Chemicals industry
Industry Median: 59.795 vs TSE:4977: 38.54

Nitta Gelatin's Days Payable declined from Mar. 2025 (38.77) to Mar. 2026 (37.75). It may suggest that Nitta Gelatin accelerated paying its suppliers.


Nitta Gelatin Days Payable Historical Data

* Premium members only.

The historical data trend for Nitta Gelatin'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.

Nitta Gelatin Days Payable Chart

Nitta Gelatin 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 41.96 33.52 31.31 35.07 39.71

Nitta Gelatin 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 33.55 37.00 38.77 38.19 37.75

TSE:4977 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Nitta Gelatin'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.


Nitta Gelatin Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitta Gelatin's Days Payable distribution charts can be found below:

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


TSE:4977
76GF Score
Nitta Gelatin Inc TSE:4977
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitta Gelatin 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.

Nitta Gelatin'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
=( (2837 + 3052) / 2 ) / 27068*365
=2944.5 / 27068*365
=39.71

Nitta Gelatin'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
=( (2686 + 3052) / 2 ) / 13870*365 / 2
=2869 / 13870*365 / 2
=37.75

* 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 37.75 mean?
Nitta Gelatin (TSE:4977) has a Days Payable of 37.75 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 Nitta Gelatin and its competitors. This is near median its historical median of 40.84. Over the past decade, Nitta Gelatin's Days Payable has ranged from 31.31 to 56.34. According to the industry distribution chart, Nitta Gelatin ranks #1105 out of 1550 companies in the Chemicals industry, placing it in the top 71.3%.
Is Nitta Gelatin's Days Payable too high?
Nitta Gelatin's current Days Payable of 37.75 is near median its 10-year median of 40.84. Over the past 10 years, this metric has ranged from a low of 31.31 to a high of 56.34. The Chemicals industry median Days Payable is 59.80. Nitta Gelatin's value of 37.75 is 36.9% below this industry median. Based on the distribution chart, Nitta Gelatin ranks #1105 out of 1550 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nitta Gelatin has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitta Gelatin's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nitta Gelatin ranks #1105 out of 1550 companies for Days Payable. This places Nitta Gelatin in the lower half of its industry. The industry median Days Payable is 59.80. Nitta Gelatin's value of 37.75 is 36.9% below this benchmark. Historically, Nitta Gelatin's own Days Payable has ranged from 31.31 to 56.34 over the past decade. While the company's 10-year median is 40.84 vs. the industry median of 59.80, Nitta Gelatin 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 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. Nitta Gelatin's current Days Payable of 37.75 is 36.9% 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 Nitta Gelatin 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. Nitta Gelatin's current Days Payable is 37.75, which is near median its own 10-year median of 40.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitta Gelatin stock overvalued right now?
Based on GuruFocus' analysis, Nitta Gelatin (TSE:4977) is currently considered Significantly Overvalued. The stock's GF Value™ is 円762.20, compared to a current price of 円1,336.00 — trading 75.3% above its estimated fair value. The current Days Payable is 37.75, which is near median its 10-year median of 40.84 and 36.9% below the Chemicals industry median of 59.80. Nitta Gelatin's overall GF Score™ is 76/100 with 4 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 Nitta Gelatin (TSE:4977), the current Days Payable is 37.75 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 Nitta Gelatin (TSE:4977) Overvalued in 2026?

Based on GuruFocus' analysis, Nitta Gelatin stock appears to be overvalued. The current stock price of 円1,336.00 is trading 75.3% above its estimated GF Value™ of 円762.20. GuruFocus considers Nitta Gelatin to be Significantly Overvalued.

Key valuation signals for TSE:4977:

  • Days Payable: 37.75 (near median its 10-year median of 40.84)
  • GF Value™: 円762.20 vs. price of 円1,336.00 (75.3% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 36.9% below the Chemicals median (#1105 of 1550)

No single metric tells the full story. See the TSE:4977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitta Gelatin Business Description

Address 4-4-26 Sakuragawa, Naniwa-ku, Osaka, JPN, 556-0022
Nitta Gelatin Inc is a manufacturer of gelatin products. It manufactures and sells gelatin, collagen peptides, collagen casing, collagen, and other products made from animal bones and skin or fish scales and skin.
76GF Score

Get the complete analysis for TSE:4977

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

円1,336.00
Price
円762.20
GF Value