Nichirin Co (TSE:5184) Days Payable: 40.21 (As of Dec. 2025) — 13% Below Median

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TSE:5184 Nichirin Co Ltd TSE:5184
83 GF Score
Price 円4,060.00
GF Value 円3,822.83
Valuation Fairly Valued
! 4 Warning Signs
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What is Nichirin Co Days Payable?

Nichirin Co TSE:5184 83 Days Payable is 40.21 as of Dec. 2025, which is 13% below its 10-year median of 46.30. GuruFocus rates TSE:5184 with a GF Score™ of 83/100 and a GF Value™ of 円3,822.83 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Nichirin Co ranks worse than 75.42% on this metric.

Nichirin Co's average Accounts Payable for the three months ended in Dec. 2025 was 円6,414 Mil. Nichirin Co's Cost of Goods Sold for the three months ended in Dec. 2025 was 円14,556 Mil. Hence, Nichirin Co's Days Payable for the three months ended in Dec. 2025 was 40.21.

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

TSE:5184' s Days Payable Range Over the Past 10 Years
Min: 40.17   Med: 46.3   Max: 54.23
Current: 40.17

During the past 13 years, Nichirin Co's highest Days Payable was 54.23. The lowest was 40.17. And the median was 46.30.

TSE:5184's Days Payable is ranked worse than
75.42% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs TSE:5184: 40.17

Nichirin Co's Days Payable declined from Dec. 2024 (40.61) to Dec. 2025 (40.21). It may suggest that Nichirin Co accelerated paying its suppliers.


Nichirin Co Days Payable Historical Data

* Premium members only.

The historical data trend for Nichirin 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.

Nichirin Co Days Payable Chart

Nichirin Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.31 41.05 41.38 41.58 40.79

Nichirin Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 38.85 41.35 39.74 40.21 39.44

TSE:5184 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Nichirin 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.


Nichirin Co Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nichirin Co's Days Payable distribution charts can be found below:

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


TSE:5184
83GF Score
Nichirin Co Ltd TSE:5184
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nichirin 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.

Nichirin Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (5998 + 6417) / 2 ) / 55543*365
=6207.5 / 55543*365
=40.79

Nichirin Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (6411 + 6417) / 2 ) / 14556*365 / 4
=6414 / 14556*365 / 4
=40.21

* 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 40.21 mean?
Nichirin Co (TSE:5184) has a Days Payable of 40.21 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nichirin Co and its competitors. This is 13% below median its historical median of 46.30. Over the past decade, Nichirin Co's Days Payable has ranged from 40.17 to 54.23. According to the industry distribution chart, Nichirin Co ranks #985 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 75.4%.
Is Nichirin Co's Days Payable too high?
Nichirin Co's current Days Payable of 40.21 is 13% below median its 10-year median of 46.30. Over the past 10 years, this metric has ranged from a low of 40.17 to a high of 54.23. The Vehicles & Parts industry median Days Payable is 67.14. Nichirin Co's value of 40.21 is 40.1% below this industry median. Based on the distribution chart, Nichirin Co ranks #985 out of 1306 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nichirin Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichirin Co's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nichirin Co ranks #985 out of 1306 companies for Days Payable. This places Nichirin Co in the lower half of its industry. The industry median Days Payable is 67.14. Nichirin Co's value of 40.21 is 40.1% below this benchmark. Historically, Nichirin Co's own Days Payable has ranged from 40.17 to 54.23 over the past decade. While the company's 10-year median is 46.30 vs. the industry median of 67.14, Nichirin 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 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. Nichirin Co's current Days Payable of 40.21 is 40.1% 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 Nichirin Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichirin Co's current Days Payable is 40.21, which is 13% below median its own 10-year median of 46.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichirin Co stock overvalued right now?
Based on GuruFocus' analysis, Nichirin Co (TSE:5184) is currently considered Fairly Valued. The stock's GF Value™ is 円3,822.83, compared to a current price of 円4,060.00 — trading 6.2% above its estimated fair value. The current Days Payable is 40.21, which is 13% below median its 10-year median of 46.30 and 40.1% below the Vehicles & Parts industry median of 67.14. Nichirin Co's overall GF Score™ is 83/100 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 Nichirin Co (TSE:5184), the current Days Payable is 40.21 as of Dec. 2025. 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 Nichirin Co (TSE:5184) Overvalued in 2026?

Based on GuruFocus' analysis, Nichirin Co stock appears to be overvalued. The current stock price of 円4,060.00 is trading 6.2% above its estimated GF Value™ of 円3,822.83. GuruFocus considers Nichirin Co to be Fairly Valued.

Key valuation signals for TSE:5184:

  • Days Payable: 40.21 (13% below median its 10-year median of 46.30)
  • GF Value™: 円3,822.83 vs. price of 円4,060.00 (6.2% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 40.1% below the Vehicles & Parts median (#985 of 1306)

No single metric tells the full story. See the TSE:5184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichirin Co Business Description

Address 98-1, Higashimachi-Edomachi Building, Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Nichirin Co Ltd is engaged in the manufacturing and selling of automotive hoses, housing hoses, and related parts. The company's products are used in Automobile, Motorcycle, and Residential. Some of them are Brake Hose, Water Hose, Air Conditioning Hose, Power Steering Hose, among others.
83GF Score

Get the complete analysis for TSE:5184

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

円4,060.00
Price
円3,822.83
GF Value