Nichia Steel WorksTSE:5658 69 Days Payable is 25.09 as of Mar. 2026, which is 51% below its 10-year median of 50.79. GuruFocus rates TSE:5658 with a GF Score™ of 69/100 and a GF Value™ of 円326.27 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,992 Industrial Products companies, Nichia Steel Works ranks worse than 90.68% on this metric.
The historical rank and industry rank for Nichia Steel Works's Days Payable or its related term are showing as below:
TSE:5658'
s Days Payable Range Over the Past 10 Years
Min: 25.17 Med: 50.79 Max: 61.93
Current: 25.37
During the past 13 years, Nichia Steel Works's highest Days Payable was 61.93. The lowest was 25.17. And the median was 50.79.
TSE:5658's Days Payable is ranked worse than 90.68% of 2992
companies
in the Industrial Products industry
Industry Median: 78.08
vs TSE:5658: 25.37
Nichia Steel Works's Days Payable
declined
from Mar. 2025 (29.96) to Mar. 2026 (25.09).
It may suggest that Nichia Steel Worksaccelerated paying its suppliers.
Nichia Steel Works Days Payable Related Terms
Nichia Steel Works Days Payable Historical Data
* Premium members only.
The historical data trend for Nichia Steel Works'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:5658 vs SNA, RBC, LECO: Days Payable Comparison
For the Tools & Accessories subindustry, Nichia Steel Works'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.
Nichia Steel Works Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nichia Steel Works's Days Payable distribution charts can be found below:
* The bar in red indicates where Nichia Steel Works'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.
Nichia Steel Works'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.
Nichia Steel Works (TSE:5658) has a Days Payable of 25.09 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 Nichia Steel Works and its competitors. This is 51% below median its historical median of 50.79. Over the past decade, Nichia Steel Works' Days Payable has ranged from 25.17 to 61.93. According to the industry distribution chart, Nichia Steel Works ranks #2713 out of 2992 companies in the Industrial Products industry, placing it in the top 90.7%.
Is Nichia Steel Works' Days Payable too high?
Nichia Steel Works' current Days Payable of 25.09 is 51% below median its 10-year median of 50.79. Over the past 10 years, this metric has ranged from a low of 25.17 to a high of 61.93. The Industrial Products industry median Days Payable is 78.08. Nichia Steel Works' value of 25.09 is 67.9% below this industry median. Based on the distribution chart, Nichia Steel Works ranks #2713 out of 2992 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Nichia Steel Works has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' Days Payable compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Nichia Steel Works ranks #2713 out of 2992 companies for Days Payable. This places Nichia Steel Works in the lower half of its industry. The industry median Days Payable is 78.08. Nichia Steel Works' value of 25.09 is 67.9% below this benchmark. Historically, Nichia Steel Works' own Days Payable has ranged from 25.17 to 61.93 over the past decade. While the company's 10-year median is 50.79 vs. the industry median of 78.08, Nichia Steel Works 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 78.08, based on 2,992 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. Nichia Steel Works's current Days Payable of 25.09 is 67.9% 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 Nichia Steel Works and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichia Steel Works's current Days Payable is 25.09, which is 51% below median its own 10-year median of 50.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Fairly Valued. The stock's GF Value™ is 円326.27, compared to a current price of 円352.00 — trading 7.9% above its estimated fair value. The current Days Payable is 25.09, which is 51% below median its 10-year median of 50.79 and 67.9% below the Industrial Products industry median of 78.08. Nichia Steel Works' overall GF Score™ is 69/100 with 5 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 Nichia Steel Works (TSE:5658), the current Days Payable is 25.09 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?
Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued.
The current stock price of 円352.00 is trading 7.9% above its estimated GF Value™ of 円326.27.
GuruFocus considers Nichia Steel Works to be Fairly Valued.
Key valuation signals for TSE:5658:
Days Payable: 25.09 (51% below median its 10-year median of 50.79)
GF Value™: 円326.27 vs. price of 円352.00 (7.9% above fair value)
Industry Position: 67.9% below the Industrial Products median (#2713 of 2992)
No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
69GF Score
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