Corona (TSE:5909) Days Payable: 78.73 (As of Mar. 2026) — 22% Below Median

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TSE:5909 Corona Corp TSE:5909
65 GF Score
Price 円1,007.00
GF Value 円953.63
Valuation Fairly Valued
! 8 Warning Signs
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What is Corona Days Payable?

Corona TSE:5909 -0.40% 65 Days Payable is 78.73 as of Mar. 2026, which is 22% below its 10-year median of 101.51. GuruFocus rates TSE:5909 with a GF Score™ of 65/100 and a GF Value™ of 円953.63 (Fairly Valued). The stock has 8 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Corona ranks better than 59.62% on this metric.

Corona's average Accounts Payable for the six months ended in Mar. 2026 was 円14,946 Mil. Corona's Cost of Goods Sold for the six months ended in Mar. 2026 was 円34,644 Mil. Hence, Corona's Days Payable for the six months ended in Mar. 2026 was 78.73.

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

TSE:5909' s Days Payable Range Over the Past 10 Years
Min: 79.11   Med: 101.51   Max: 115.53
Current: 84.2

During the past 13 years, Corona's highest Days Payable was 115.53. The lowest was 79.11. And the median was 101.51.

TSE:5909's Days Payable is ranked better than
59.62% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.745 vs TSE:5909: 84.20

Corona's Days Payable declined from Mar. 2025 (89.55) to Mar. 2026 (78.73). It may suggest that Corona accelerated paying its suppliers.


Corona Days Payable Historical Data

* Premium members only.

The historical data trend for Corona'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.

Corona Days Payable Chart

Corona 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 103.31 106.48 115.53 97.86 79.11

Corona 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 104.16 106.29 89.55 95.32 78.73

TSE:5909 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Corona'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.


Corona Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Corona's Days Payable distribution charts can be found below:

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


TSE:5909
65GF Score
Corona Corp TSE:5909
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Corona 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.

Corona'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
=( (16457 + 12576) / 2 ) / 66975*365
=14516.5 / 66975*365
=79.11

Corona'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
=( (17316 + 12576) / 2 ) / 34644*365 / 2
=14946 / 34644*365 / 2
=78.73

* 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 78.73 mean?
Corona (TSE:5909) has a Days Payable of 78.73 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 Corona and its competitors. This is 22% below median its historical median of 101.51. Over the past decade, Corona's Days Payable has ranged from 79.11 to 115.53. According to the industry distribution chart, Corona ranks #168 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.4%.
Is Corona's Days Payable too high?
Corona's current Days Payable of 78.73 is 22% below median its 10-year median of 101.51. Over the past 10 years, this metric has ranged from a low of 79.11 to a high of 115.53. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.75. Corona's value of 78.73 is 23.5% above this industry median. Based on the distribution chart, Corona ranks #168 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Corona has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corona's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Corona ranks #168 out of 416 companies for Days Payable. This puts Corona in the upper half of its industry. The industry median Days Payable is 63.75. Corona's value of 78.73 is 23.5% above this benchmark. Historically, Corona's own Days Payable has ranged from 79.11 to 115.53 over the past decade. While the company's 10-year median is 101.51 vs. the industry median of 63.75, Corona 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.75, based on 416 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. Corona's current Days Payable of 78.73 is 23.5% 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 Corona and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corona's current Days Payable is 78.73, which is 22% below median its own 10-year median of 101.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corona stock overvalued right now?
Based on GuruFocus' analysis, Corona (TSE:5909) is currently considered Fairly Valued. The stock's GF Value™ is 円953.63, compared to a current price of 円1,007.00 — trading 5.6% above its estimated fair value. The current Days Payable is 78.73, which is 22% below median its 10-year median of 101.51 and 23.5% above the Furnishings, Fixtures & Appliances industry median of 63.75. Corona's overall GF Score™ is 65/100 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 Corona (TSE:5909), the current Days Payable is 78.73 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 Corona (TSE:5909) Overvalued in 2026?

Based on GuruFocus' analysis, Corona stock appears to be overvalued. The current stock price of 円1,007.00 is trading 5.6% above its estimated GF Value™ of 円953.63. GuruFocus considers Corona to be Fairly Valued.

Key valuation signals for TSE:5909:

  • Days Payable: 78.73 (22% below median its 10-year median of 101.51)
  • GF Value™: 円953.63 vs. price of 円1,007.00 (5.6% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 23.5% above the Furnishings, Fixtures & Appliances median (#168 of 416)

No single metric tells the full story. See the TSE:5909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Corona Business Description

Address 7-7 Higashi-shinbo, Sanjo, Niigata, JPN, 955-8510
Corona Corp engages in the manufacture and sale of heating, air-conditioning and household appliances. It also provides pressure type kerosene cooking stoves; developing a set of technological skills generating epoch-making products; manufacturer of kerosene heating appliances; kerosene combustion technology of the pressure type kerosene heaters; and related supplementary services. Its products include heating appliances such as patented hand clean tanks, kerosene fan heaters and portable kerosene heaters.
65GF Score

Get the complete analysis for TSE:5909

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

円1,007.00
Price
円953.63
GF Value