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KogiTSE:5603 -1.79%65 Days Payable is 48.95 as of Mar. 2026, which is 22% below its 10-year median of 62.91. GuruFocus rates TSE:5603 with a GF Score™ of 65/100 and a GF Value™ of 円1,184.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, Kogi ranks worse than 68.73% on this metric.
Kogi's average Accounts Payable for the
six
months ended in Mar. 2026 was 円2,938 Mil. Kogi's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円10,953 Mil.
Hence, Kogi's Days Payable for the
six
months ended in Mar. 2026 was 48.95.
The historical rank and industry rank for Kogi's Days Payable or its related term are showing as below:
TSE:5603'
s Days Payable Range Over the Past 10 Years
Min: 50 Med: 62.91 Max: 80.77
Current: 50.42
During the past 13 years, Kogi's highest Days Payable was 80.77. The lowest was 50.00. And the median was 62.91.
TSE:5603's Days Payable is ranked worse than 68.73% of 2993
companies
in the Industrial Products industry
Industry Median: 78.04
vs TSE:5603: 50.42
Kogi's Days Payable
declined
from Mar. 2025 (50.33) to Mar. 2026 (48.95).
It may suggest that Kogiaccelerated paying its suppliers.
Kogi Days Payable Related Terms
Kogi Days Payable Historical Data
* Premium members only.
The historical data trend for Kogi'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:5603 vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, Kogi'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.
Kogi Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kogi's Days Payable distribution charts can be found below:
* The bar in red indicates where Kogi'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.
Kogi'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.
Kogi (TSE:5603) has a Days Payable of 48.95 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 Kogi and its competitors. This is 22% below median its historical median of 62.91. Over the past decade, Kogi's Days Payable has ranged from 50.00 to 80.77. According to the industry distribution chart, Kogi ranks #2057 out of 2993 companies in the Industrial Products industry, placing it in the top 68.7%.
Is Kogi's Days Payable too high?
Kogi's current Days Payable of 48.95 is 22% below median its 10-year median of 62.91. Over the past 10 years, this metric has ranged from a low of 50.00 to a high of 80.77. The Industrial Products industry median Days Payable is 78.04. Kogi's value of 48.95 is 37.3% below this industry median. Based on the distribution chart, Kogi ranks #2057 out of 2993 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kogi has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kogi's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kogi ranks #2057 out of 2993 companies for Days Payable. This places Kogi in the lower half of its industry. The industry median Days Payable is 78.04. Kogi's value of 48.95 is 37.3% below this benchmark. Historically, Kogi's own Days Payable has ranged from 50.00 to 80.77 over the past decade. While the company's 10-year median is 62.91 vs. the industry median of 78.04, Kogi 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 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. Kogi's current Days Payable of 48.95 is 37.3% 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 Kogi and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kogi's current Days Payable is 48.95, which is 22% below median its own 10-year median of 62.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kogi stock overvalued right now?
Based on GuruFocus' analysis, Kogi (TSE:5603) is currently considered Fairly Valued. The stock's GF Value™ is 円1,184.35, compared to a current price of 円1,261.00 — trading 6.5% above its estimated fair value. The current Days Payable is 48.95, which is 22% below median its 10-year median of 62.91 and 37.3% below the Industrial Products industry median of 78.04. Kogi's overall GF Score™ is 65/100 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 Kogi (TSE:5603), the current Days Payable is 48.95 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 Kogi (TSE:5603) Overvalued in 2026?
Based on GuruFocus' analysis, Kogi stock appears to be overvalued.
The current stock price of 円1,261.00 is trading 6.5% above its estimated GF Value™ of 円1,184.35.
GuruFocus considers Kogi to be Fairly Valued.
Key valuation signals for TSE:5603:
Days Payable: 48.95 (22% below median its 10-year median of 62.91)
GF Value™: 円1,184.35 vs. price of 円1,261.00 (6.5% above fair value)
Industry Position: 37.3% below the Industrial Products median (#2057 of 2993)
No single metric tells the full story. See the TSE:5603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kogi Corp is a Japan-based company that engages in the manufacture and sale of roll products for steel rolling mills, casting mold for steel ingots, metal casting for automobiles, dense bars, and metal casting for general purposes. The company has three segments: Casting Field, Environment Field/Environmental Engineering, and Environment Field/Functional Materials. The company generates the majority of its revenue from the Casting Field segment.
65GF Score
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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