Hokkan Holdings (TSE:5902) Days Payable: 78.59 (As of Mar. 2026) — Near 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:5902 Hokkan Holdings Ltd TSE:5902
56 GF Score
Price 円2,431.00
GF Value 円1,711.59
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Hokkan Holdings Days Payable?

Hokkan Holdings TSE:5902 +0.75% 56 Days Payable is 78.59 as of Mar. 2026, which is 7% above its 10-year median of 73.32. GuruFocus rates TSE:5902 with a GF Score™ of 56/100 and a GF Value™ of 円1,711.59 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 383 Packaging & Containers companies, Hokkan Holdings ranks better than 66.32% on this metric.

Hokkan Holdings's average Accounts Payable for the six months ended in Mar. 2026 was 円15,372 Mil. Hokkan Holdings's Cost of Goods Sold for the six months ended in Mar. 2026 was 円35,697 Mil. Hence, Hokkan Holdings's Days Payable for the six months ended in Mar. 2026 was 78.59.

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

TSE:5902' s Days Payable Range Over the Past 10 Years
Min: 62.43   Med: 73.32   Max: 85.51
Current: 79.74

During the past 13 years, Hokkan Holdings's highest Days Payable was 85.51. The lowest was 62.43. And the median was 73.32.

TSE:5902's Days Payable is ranked better than
66.32% of 383 companies
in the Packaging & Containers industry
Industry Median: 57.27 vs TSE:5902: 79.74

Hokkan Holdings's Days Payable increased from Mar. 2025 (76.50) to Mar. 2026 (78.59). It may suggest that Hokkan Holdings delayed paying its suppliers.


Hokkan Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hokkan Holdings'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.

Hokkan Holdings Days Payable Chart

Hokkan Holdings 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 84.00 77.84 85.51 79.99 77.13

Hokkan Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 85.42 83.18 76.50 83.62 78.59

TSE:5902 vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Hokkan Holdings'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.


Hokkan Holdings Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hokkan Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hokkan Holdings's Days Payable falls into.


TSE:5902
56GF Score
Hokkan Holdings Ltd TSE:5902
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkan Holdings 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.

Hokkan Holdings'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
=( (14858 + 14550) / 2 ) / 69580*365
=14704 / 69580*365
=77.13

Hokkan Holdings'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (16193 + 14550) / 2 ) / 35697*365 / 2
=15371.5 / 35697*365 / 2
=78.59

* 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 78.59 mean?
Hokkan Holdings (TSE:5902) has a Days Payable of 78.59 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 Hokkan Holdings and its competitors. This is near median its historical median of 73.32. Over the past decade, Hokkan Holdings' Days Payable has ranged from 62.43 to 85.51. According to the industry distribution chart, Hokkan Holdings ranks #129 out of 383 companies in the Packaging & Containers industry, placing it in the top 33.7%.
Is Hokkan Holdings' Days Payable too high?
Hokkan Holdings' current Days Payable of 78.59 is near median its 10-year median of 73.32. Over the past 10 years, this metric has ranged from a low of 62.43 to a high of 85.51. The Packaging & Containers industry median Days Payable is 57.27. Hokkan Holdings' value of 78.59 is 37.2% above this industry median. Based on the distribution chart, Hokkan Holdings ranks #129 out of 383 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Hokkan Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkan Holdings' Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Hokkan Holdings ranks #129 out of 383 companies for Days Payable. This puts Hokkan Holdings in the upper half of its industry. The industry median Days Payable is 57.27. Hokkan Holdings' value of 78.59 is 37.2% above this benchmark. Historically, Hokkan Holdings' own Days Payable has ranged from 62.43 to 85.51 over the past decade. While the company's 10-year median is 73.32 vs. the industry median of 57.27, Hokkan Holdings has consistently been above 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 383 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. Hokkan Holdings's current Days Payable of 78.59 is 37.2% above 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 Hokkan Holdings and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkan Holdings's current Days Payable is 78.59, which is near median its own 10-year median of 73.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hokkan Holdings (TSE:5902) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,711.59, compared to a current price of 円2,431.00 — trading 42% above its estimated fair value. The current Days Payable is 78.59, which is near median its 10-year median of 73.32 and 37.2% above the Packaging & Containers industry median of 57.27. Hokkan Holdings' overall GF Score™ is 56/100 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 Hokkan Holdings (TSE:5902), the current Days Payable is 78.59 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 Hokkan Holdings (TSE:5902) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkan Holdings stock appears to be overvalued. The current stock price of 円2,431.00 is trading 42% above its estimated GF Value™ of 円1,711.59. GuruFocus considers Hokkan Holdings to be Significantly Overvalued.

Key valuation signals for TSE:5902:

  • Days Payable: 78.59 (near median its 10-year median of 73.32)
  • GF Value™: 円1,711.59 vs. price of 円2,431.00 (42% above fair value)
  • GF Score™: 56/100 with 8 warning signs
  • Industry Position: 37.2% above the Packaging & Containers median (#129 of 383)

No single metric tells the full story. See the TSE:5902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokkan Holdings Business Description

Address 2-1-1 Muromachi, Nihonbashi, Chuo-ku, 13th floor, Nihonbashi Mitsui Tower, Tokyo, JPN, 100-0005
Hokkan Holdings Ltd is engaged in the packaging and container business. The company's division includes the Container business, Filling business, Overseas business, and Others. The container business includes containers for food and beverages. The filling business consists of containers for various drinks consignment filling, and the Overseas Business, which manufactures and sells beverage packaging overseas, and manufactures beverages on a contract basis.
56GF Score

Get the complete analysis for TSE:5902

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

円2,431.00
Price
円1,711.59
GF Value