Mitsubishi Steel Mfg.Co (TSE:5632) Days Payable: 38.94 (As of Mar. 2026) — Near Median


TSE:5632 Mitsubishi Steel Mfg.Co Ltd TSE:5632
57 GF Score
Price 円2,188.00
GF Value 円1,395.35
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Mitsubishi Steel Mfg.Co Days Payable?

Mitsubishi Steel Mfg.Co TSE:5632 -0.91% 57 Days Payable is 38.94 as of Mar. 2026, which is 3% below its 10-year median of 40.09. GuruFocus rates TSE:5632 with a GF Score™ of 57/100 and a GF Value™ of 円1,395.35 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 597 Steel companies, Mitsubishi Steel Mfg.Co ranks worse than 56.62% on this metric.

Mitsubishi Steel Mfg.Co's average Accounts Payable for the three months ended in Mar. 2026 was 円13,747 Mil. Mitsubishi Steel Mfg.Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円32,209 Mil. Hence, Mitsubishi Steel Mfg.Co's Days Payable for the three months ended in Mar. 2026 was 38.94.

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

TSE:5632' s Days Payable Range Over the Past 10 Years
Min: 35.32   Med: 40.09   Max: 47.41
Current: 35.32

During the past 13 years, Mitsubishi Steel Mfg.Co's highest Days Payable was 47.41. The lowest was 35.32. And the median was 40.09.

TSE:5632's Days Payable is ranked worse than
56.62% of 597 companies
in the Steel industry
Industry Median: 41.39 vs TSE:5632: 35.32

Mitsubishi Steel Mfg.Co's Days Payable increased from Mar. 2025 (32.26) to Mar. 2026 (38.94). It may suggest that Mitsubishi Steel Mfg.Co delayed paying its suppliers.


Mitsubishi Steel Mfg.Co Days Payable Historical Data

* Premium members only.

The historical data trend for Mitsubishi Steel Mfg.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.

Mitsubishi Steel Mfg.Co Days Payable Chart

Mitsubishi Steel Mfg.Co 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 40.59 39.40 41.45 39.10 36.72

Mitsubishi Steel Mfg.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 32.26 34.88 31.91 34.57 38.94

TSE:5632 vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Mitsubishi Steel Mfg.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.


Mitsubishi Steel Mfg.Co Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Mitsubishi Steel Mfg.Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Mitsubishi Steel Mfg.Co's Days Payable falls into.


TSE:5632
57GF Score
Mitsubishi Steel Mfg.Co Ltd TSE:5632
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Steel Mfg.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.

Mitsubishi Steel Mfg.Co'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
=( (11707 + 15198) / 2 ) / 133729*365
=13452.5 / 133729*365
=36.72

Mitsubishi Steel Mfg.Co'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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (12295 + 15198) / 2 ) / 32209*365 / 4
=13746.5 / 32209*365 / 4
=38.94

* 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 38.94 mean?
Mitsubishi Steel Mfg.Co (TSE:5632) has a Days Payable of 38.94 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 Mitsubishi Steel Mfg.Co and its competitors. This is near median its historical median of 40.09. Over the past decade, Mitsubishi Steel Mfg.Co's Days Payable has ranged from 35.32 to 47.41. According to the industry distribution chart, Mitsubishi Steel Mfg.Co ranks #338 out of 597 companies in the Steel industry, placing it in the top 56.6%.
Is Mitsubishi Steel Mfg.Co's Days Payable too high?
Mitsubishi Steel Mfg.Co's current Days Payable of 38.94 is near median its 10-year median of 40.09. Over the past 10 years, this metric has ranged from a low of 35.32 to a high of 47.41. The Steel industry median Days Payable is 41.39. Mitsubishi Steel Mfg.Co's value of 38.94 is 5.9% below this industry median. Based on the distribution chart, Mitsubishi Steel Mfg.Co ranks #338 out of 597 companies in the Steel industry, which is below the industry midpoint. Overall, Mitsubishi Steel Mfg.Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Steel Mfg.Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Mitsubishi Steel Mfg.Co ranks #338 out of 597 companies for Days Payable. This places Mitsubishi Steel Mfg.Co in the lower half of its industry. The industry median Days Payable is 41.39. Mitsubishi Steel Mfg.Co's value of 38.94 is 5.9% below this benchmark. Historically, Mitsubishi Steel Mfg.Co's own Days Payable has ranged from 35.32 to 47.41 over the past decade. While the company's 10-year median is 40.09 vs. the industry median of 41.39, Mitsubishi Steel Mfg.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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Mitsubishi Steel Mfg.Co's current Days Payable of 38.94 is 5.9% 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 Mitsubishi Steel Mfg.Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Steel Mfg.Co's current Days Payable is 38.94, which is near median its own 10-year median of 40.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Steel Mfg.Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Steel Mfg.Co (TSE:5632) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,395.35, compared to a current price of 円2,188.00 — trading 56.8% above its estimated fair value. The current Days Payable is 38.94, which is near median its 10-year median of 40.09 and 5.9% below the Steel industry median of 41.39. Mitsubishi Steel Mfg.Co's overall GF Score™ is 57/100 with 8 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 Mitsubishi Steel Mfg.Co (TSE:5632), the current Days Payable is 38.94 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 Mitsubishi Steel Mfg.Co (TSE:5632) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Steel Mfg.Co stock appears to be overvalued. The current stock price of 円2,188.00 is trading 56.8% above its estimated GF Value™ of 円1,395.35. GuruFocus considers Mitsubishi Steel Mfg.Co to be Significantly Overvalued.

Key valuation signals for TSE:5632:

  • Days Payable: 38.94 (near median its 10-year median of 40.09)
  • GF Value™: 円1,395.35 vs. price of 円2,188.00 (56.8% above fair value)
  • GF Score™: 57/100 with 8 warning signs
  • Industry Position: 5.9% below the Steel median (#338 of 597)

No single metric tells the full story. See the TSE:5632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Steel Mfg.Co Business Description

Address Harumi Park Bldg., 2-22, Harumi 3-chome, Chuo-ku, Tokyo, JPN, 1048550
Mitsubishi Steel Mfg.Co Ltd engages in the manufacture and sale of special steels, spring, casting and forging materials, and machinery. It offers its products in varied categories; special steel bars unit handles the manufacture and sale of steel bars that includes machine structural alloy steel, carbon steel for machine structural use, and bearing steel. Springs products include coil, leaf, and precision springs, press assembly, and shoe plate for rubber pad. Formed and fabricated products cover the manufacture and sale of steel and precision casting, precision machined component, alloy material, and special alloy and fine powder. Machinery business manufactures and sells press machine, general industrial and plant machinery, environmental equipment, and magnetic separator.
57GF Score

Get the complete analysis for TSE:5632

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

円2,188.00
Price
円1,395.35
GF Value