Hanshin Diesel Works (TSE:6018) Days Payable: 33.24 (As of Mar. 2026) — 48% Below 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:6018 Hanshin Diesel Works Ltd TSE:6018
71 GF Score
Price 円6,170.00
GF Value 円3,370.27
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Hanshin Diesel Works Days Payable?

Hanshin Diesel Works TSE:6018 +5.11% 71 Days Payable is 33.24 as of Mar. 2026, which is 48% below its 10-year median of 64.34. GuruFocus rates TSE:6018 with a GF Score™ of 71/100 and a GF Value™ of 円3,370.27 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,005 Industrial Products companies, Hanshin Diesel Works ranks worse than 76.14% on this metric.

Hanshin Diesel Works's average Accounts Payable for the three months ended in Mar. 2026 was 円1,150 Mil. Hanshin Diesel Works's Cost of Goods Sold for the three months ended in Mar. 2026 was 円3,158 Mil. Hence, Hanshin Diesel Works's Days Payable for the three months ended in Mar. 2026 was 33.24.

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

TSE:6018' s Days Payable Range Over the Past 10 Years
Min: 39.57   Med: 64.34   Max: 127.13
Current: 41.09

During the past 13 years, Hanshin Diesel Works's highest Days Payable was 127.13. The lowest was 39.57. And the median was 64.34.

TSE:6018's Days Payable is ranked worse than
76.14% of 3005 companies
in the Industrial Products industry
Industry Median: 77.87 vs TSE:6018: 41.09

Hanshin Diesel Works's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (33.24). It may suggest that Hanshin Diesel Works delayed paying its suppliers.


Hanshin Diesel Works Days Payable Historical Data

* Premium members only.

The historical data trend for Hanshin Diesel 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.

Hanshin Diesel Works Days Payable Chart

Hanshin Diesel Works 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 39.57 45.57 51.89 45.92 44.38

Hanshin Diesel Works Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 43.30 57.60 47.75 33.24 32.42

TSE:6018 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Hanshin Diesel 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.


Hanshin Diesel Works Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hanshin Diesel Works's Days Payable distribution charts can be found below:

* The bar in red indicates where Hanshin Diesel Works's Days Payable falls into.


TSE:6018
71GF Score
Hanshin Diesel Works Ltd TSE:6018
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hanshin Diesel Works 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.

Hanshin Diesel Works'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
=( (1592.5 + 1106.423) / 2 ) / 11099.256*365
=1349.4615 / 11099.256*365
=44.38

Hanshin Diesel Works'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
=( (1194.43 + 1106.423) / 2 ) / 3158.046*365 / 4
=1150.4265 / 3158.046*365 / 4
=33.24

* 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 33.24 mean?
Hanshin Diesel Works (TSE:6018) has a Days Payable of 33.24 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 Hanshin Diesel Works and its competitors. This is 48% below median its historical median of 64.34. Over the past decade, Hanshin Diesel Works' Days Payable has ranged from 39.57 to 127.13. According to the industry distribution chart, Hanshin Diesel Works ranks #2288 out of 3005 companies in the Industrial Products industry, placing it in the top 76.1%.
Is Hanshin Diesel Works' Days Payable too high?
Hanshin Diesel Works' current Days Payable of 33.24 is 48% below median its 10-year median of 64.34. Over the past 10 years, this metric has ranged from a low of 39.57 to a high of 127.13. The Industrial Products industry median Days Payable is 77.87. Hanshin Diesel Works' value of 33.24 is 57.3% below this industry median. Based on the distribution chart, Hanshin Diesel Works ranks #2288 out of 3005 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hanshin Diesel Works has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanshin Diesel Works' Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hanshin Diesel Works ranks #2288 out of 3005 companies for Days Payable. This places Hanshin Diesel Works in the lower half of its industry. The industry median Days Payable is 77.87. Hanshin Diesel Works' value of 33.24 is 57.3% below this benchmark. Historically, Hanshin Diesel Works' own Days Payable has ranged from 39.57 to 127.13 over the past decade. While the company's 10-year median is 64.34 vs. the industry median of 77.87, Hanshin Diesel 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 77.87, based on 3,005 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. Hanshin Diesel Works's current Days Payable of 33.24 is 57.3% 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 Hanshin Diesel Works and its competitors. For the Industrial Products industry, the median Days Payable is 77.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanshin Diesel Works's current Days Payable is 33.24, which is 48% below median its own 10-year median of 64.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanshin Diesel Works stock overvalued right now?
Based on GuruFocus' analysis, Hanshin Diesel Works (TSE:6018) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,370.27, compared to a current price of 円6,170.00 — trading 83.1% above its estimated fair value. The current Days Payable is 33.24, which is 48% below median its 10-year median of 64.34 and 57.3% below the Industrial Products industry median of 77.87. Hanshin Diesel Works' overall GF Score™ is 71/100 with 3 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 Hanshin Diesel Works (TSE:6018), the current Days Payable is 33.24 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 Hanshin Diesel Works (TSE:6018) Overvalued in 2026?

Based on GuruFocus' analysis, Hanshin Diesel Works stock appears to be overvalued. The current stock price of 円6,170.00 is trading 83.1% above its estimated GF Value™ of 円3,370.27. GuruFocus considers Hanshin Diesel Works to be Significantly Overvalued.

Key valuation signals for TSE:6018:

  • Days Payable: 33.24 (48% below median its 10-year median of 64.34)
  • GF Value™: 円3,370.27 vs. price of 円6,170.00 (83.1% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 57.3% below the Industrial Products median (#2288 of 3005)

No single metric tells the full story. See the TSE:6018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hanshin Diesel Works Business Description

Address Shinko Bldg. 8 Kaigan-dori, Chuo-ku, Kobe, JPN
Hanshin Diesel Works Ltd is engaged in the manufacture and sale of marine diesel engines, adjustable pitch propellers, side thrusters, lubrication and fuel oil cleaning equipment, ship operating support systems and others. The company has two divisions: Main engines and Components & repair work. The company generates the majority of its revenue from the Main engines division.
71GF Score

Get the complete analysis for TSE:6018

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

円6,170.00
Price
円3,370.27
GF Value