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CirclaceTSE:5029 +6.40%64 Days Payable is 11.19 as of Mar. 2026, which is 71% above its 10-year median of 6.55. GuruFocus rates TSE:5029 with a GF Score™ of 64/100 and a GF Value™ of 円1,084.62 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,605 Software companies, Circlace ranks worse than 91.67% on this metric.
Circlace's average Accounts Payable for the
six
months ended in Mar. 2026 was 円86 Mil. Circlace's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円1,407 Mil.
Hence, Circlace's Days Payable for the
six
months ended in Mar. 2026 was 11.19.
The historical rank and industry rank for Circlace's Days Payable or its related term are showing as below:
TSE:5029'
s Days Payable Range Over the Past 10 Years
Min: 2.18 Med: 6.55 Max: 10.11
Current: 10.11
During the past 7 years, Circlace's highest Days Payable was 10.11. The lowest was 2.18. And the median was 6.55.
TSE:5029's Days Payable is ranked worse than 91.67% of 2605
companies
in the Software industry
Industry Median: 52.79
vs TSE:5029: 10.11
Circlace's Days Payable
increased
from Mar. 2025 (4.86) to Mar. 2026 (11.19).
It may suggest that Circlacedelayed paying its suppliers.
Circlace Days Payable Related Terms
Circlace Days Payable Historical Data
* Premium members only.
The historical data trend for Circlace'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:5029 vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, Circlace'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.
Circlace Days Payable vs Software Industry
For the Software industry and Technology sector, Circlace's Days Payable distribution charts can be found below:
* The bar in red indicates where Circlace'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.
Circlace's Days Payable for the fiscal year that ended in Mar. 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.
Circlace (TSE:5029) has a Days Payable of 11.19 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 Circlace and its competitors. This is 71% above median its historical median of 6.55. Over the past decade, Circlace's Days Payable has ranged from 2.18 to 10.11. According to the industry distribution chart, Circlace ranks #2388 out of 2605 companies in the Software industry, placing it in the top 91.7%.
Is Circlace's Days Payable too high?
Circlace's current Days Payable of 11.19 is 71% above median its 10-year median of 6.55. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 10.11. The Software industry median Days Payable is 52.79. Circlace's value of 11.19 is 78.8% below this industry median. Based on the distribution chart, Circlace ranks #2388 out of 2605 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Circlace has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Circlace's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Circlace ranks #2388 out of 2605 companies for Days Payable. This places Circlace in the lower half of its industry. The industry median Days Payable is 52.79. Circlace's value of 11.19 is 78.8% below this benchmark. Historically, Circlace's own Days Payable has ranged from 2.18 to 10.11 over the past decade. While the company's 10-year median is 6.55 vs. the industry median of 52.79, Circlace 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 Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 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. Circlace's current Days Payable of 11.19 is 78.8% 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 Circlace and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Circlace's current Days Payable is 11.19, which is 71% above median its own 10-year median of 6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circlace stock overvalued right now?
Based on GuruFocus' analysis, Circlace (TSE:5029) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,084.62, compared to a current price of 円748.00 — trading 31% below its estimated fair value. The current Days Payable is 11.19, which is 71% above median its 10-year median of 6.55 and 78.8% below the Software industry median of 52.79. Circlace's overall GF Score™ is 64/100 with 6 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 Circlace (TSE:5029), the current Days Payable is 11.19 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 Circlace (TSE:5029) Overvalued in 2026?
Based on GuruFocus' analysis, Circlace stock appears to be undervalued.
The current stock price of 円748.00 is trading 31% below its estimated GF Value™ of 円1,084.62.
GuruFocus considers Circlace to be Possible Value Trap.
Key valuation signals for TSE:5029:
Days Payable: 11.19 (71% above median its 10-year median of 6.55)
GF Value™: 円1,084.62 vs. price of 円748.00 (31% below fair value)
Industry Position: 78.8% below the Software median (#2388 of 2605)
No single metric tells the full story. See the TSE:5029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Circlace Inc is engaged in multiple businesses that promote corporate digital transformation by utilizing IT technologies, such as Salesforce, Anaplan, ServiceNow, AWS, and Microsoft, and the development of its own SaaS cloud service AGAVE. The company's reportable segments are the Consulting business and the AoraNow business. The majority of its revenue is generated from the Consulting business, which provides comprehensive support to client companies in areas such as business design, system construction, data utilization, organizational reform, and human resource development through the introduction and utilization of cloud technologies such as Salesforce, Anaplan, AGAVE, AWS, and Microsoft. The AoraNow business supports the introduction and operation of ServiceNow.
64GF Score
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