Free Style (TSE:528A) Days Payable: 49.77 (As of Sep. 2025) — 25% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:528A Free Style Inc TSE:528A
9 GF Score
Price 円1,080.00
! 3 Warning Signs
View Full Analysis

What is Free Style Days Payable?

Free Style TSE:528A 9 Days Payable is 49.77 as of Sep. 2025, which is 25% above its 10-year median of 39.88. GuruFocus rates TSE:528A with a GF Score™ of 9/100. The stock has 3 warning signs investors should review.

Free Style's average Accounts Payable for the six months ended in Sep. 2025 was 円173.4 Mil. Free Style's Cost of Goods Sold for the six months ended in Sep. 2025 was 円635.7 Mil. Hence, Free Style's Days Payable for the six months ended in Sep. 2025 was 49.77.

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

TSE:528A' s Days Payable Range Over the Past 10 Years
Min: 38.79   Med: 39.88   Max: 99.55
Current: 99.55

During the past 2 years, Free Style's highest Days Payable was 99.55. The lowest was 38.79. And the median was 39.88.

TSE:528A's Days Payable is not ranked
in the Software industry.
Industry Median: 52.745 vs TSE:528A: 99.55

Free Style's Days Payable increased from Mar. 2024 (0.00) to Sep. 2025 (49.77). It may suggest that Free Style delayed paying its suppliers.


Free Style Days Payable Historical Data

* Premium members only.

The historical data trend for Free Style'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.

Free Style Days Payable Chart

Free Style Annual Data
Trend Mar24 Mar25
Days Payable
40.96 38.79

Free Style Semi-Annual Data
Mar24 Mar25 Sep25
Days Payable 0.00 0.00 49.77

TSE:528A vs UBER, CRM, SHOP: Days Payable Comparison

For the Software - Application subindustry, Free Style'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.


Free Style Days Payable vs Software Industry

For the Software industry and Technology sector, Free Style's Days Payable distribution charts can be found below:

* The bar in red indicates where Free Style's Days Payable falls into.


TSE:528A
9GF Score
Free Style Inc TSE:528A
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Free Style 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.

Free Style's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (124.248 + 159.796) / 2 ) / 1336.211*365
=142.022 / 1336.211*365
=38.79

Free Style's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (159.796 + 186.961) / 2 ) / 635.722*365 / 2
=173.3785 / 635.722*365 / 2
=49.77

* 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 49.77 mean?
Free Style (TSE:528A) has a Days Payable of 49.77 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Free Style and its competitors. This is 25% above median its historical median of 39.88. Over the past decade, Free Style's Days Payable has ranged from 38.79 to 99.55.
Is Free Style's Days Payable too high?
Free Style's current Days Payable of 49.77 is 25% above median its 10-year median of 39.88. Over the past 10 years, this metric has ranged from a low of 38.79 to a high of 99.55. The Software industry median Days Payable is 52.75. Free Style's value of 49.77 is 5.6% below this industry median. Overall, Free Style has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Free Style's Days Payable compare to UBER and CRM?
Free Style's Days Payable of 49.77 can be compared against companies in the Software industry. The industry median Days Payable is 52.75. Free Style's value of 49.77 is 5.6% below this benchmark. Historically, Free Style's own Days Payable has ranged from 38.79 to 99.55 over the past decade. While the company's 10-year median is 39.88 vs. the industry median of 52.75, Free Style 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 52.75, based on 2,604 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. Free Style's current Days Payable of 49.77 is 5.6% 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 Free Style and its competitors. For the Software industry, the median Days Payable is 52.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Free Style's current Days Payable is 49.77, which is 25% above median its own 10-year median of 39.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Free Style stock overvalued right now?
Free Style (TSE:528A) has a current Days Payable of 49.77. The current Days Payable is 49.77, which is 25% above median its 10-year median of 39.88 and 5.6% below the Software industry median of 52.75. Free Style's overall GF Score™ is 9/100 with 3 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 Free Style (TSE:528A), the current Days Payable is 49.77 as of Sep. 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.

Free Style Business Description

Address 1-5-13, Nishiki, 9th floor of ORIX Nagoya Nishiki Building, Aichi Prefecture, Nagoya, JPN, 460-0003
Free Style Inc is engaged in Software Development and Staffing Services. The IT Solutions Division provides a variety of services such as network infrastructure development, operation, maintenance, server and system construction, and program development. The company is also engaged in the Contract Development Business and Game Development Business.
9GF Score

Get the complete analysis for TSE:528A

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

円1,080.00
Price