NittanTSE:6493 +1.09%74 Days Payable is 31.86 as of Mar. 2026, which is 8% below its 10-year median of 34.79. GuruFocus rates TSE:6493 with a GF Score™ of 74/100 and a GF Value™ of 円376.87 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Nittan ranks worse than 81.25% on this metric.
Nittan's average Accounts Payable for the
six
months ended in Mar. 2026 was 円3,896 Mil. Nittan's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円22,319 Mil.
Hence, Nittan's Days Payable for the
six
months ended in Mar. 2026 was 31.86.
The historical rank and industry rank for Nittan's Days Payable or its related term are showing as below:
TSE:6493'
s Days Payable Range Over the Past 10 Years
Min: 31.8 Med: 34.79 Max: 37.9
Current: 35.4
During the past 13 years, Nittan's highest Days Payable was 37.90. The lowest was 31.80. And the median was 34.79.
TSE:6493's Days Payable is ranked worse than 81.25% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 67.02
vs TSE:6493: 35.40
Nittan's Days Payable
declined
from Mar. 2025 (34.69) to Mar. 2026 (31.86).
It may suggest that Nittanaccelerated paying its suppliers.
Nittan Days Payable Related Terms
Nittan Days Payable Historical Data
* Premium members only.
The historical data trend for Nittan'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.
For the Auto Parts subindustry, Nittan'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.
Nittan Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nittan's Days Payable distribution charts can be found below:
* The bar in red indicates where Nittan'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.
Nittan'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.
Nittan (TSE:6493) has a Days Payable of 31.86 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 Nittan and its competitors. This is near median its historical median of 34.79. Over the past decade, Nittan's Days Payable has ranged from 31.80 to 37.90. According to the industry distribution chart, Nittan ranks #1062 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 81.3%.
Is Nittan's Days Payable too high?
Nittan's current Days Payable of 31.86 is near median its 10-year median of 34.79. Over the past 10 years, this metric has ranged from a low of 31.80 to a high of 37.90. The Vehicles & Parts industry median Days Payable is 67.02. Nittan's value of 31.86 is 52.5% below this industry median. Based on the distribution chart, Nittan ranks #1062 out of 1307 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nittan has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nittan's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nittan ranks #1062 out of 1307 companies for Days Payable. This places Nittan in the lower half of its industry. The industry median Days Payable is 67.02. Nittan's value of 31.86 is 52.5% below this benchmark. Historically, Nittan's own Days Payable has ranged from 31.80 to 37.90 over the past decade. While the company's 10-year median is 34.79 vs. the industry median of 67.02, Nittan 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,307 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. Nittan's current Days Payable of 31.86 is 52.5% 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 Nittan and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittan's current Days Payable is 31.86, which is near median its own 10-year median of 34.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittan stock overvalued right now?
Based on GuruFocus' analysis, Nittan (TSE:6493) is currently considered Modestly Overvalued. The stock's GF Value™ is 円376.87, compared to a current price of 円463.00 — trading 22.9% above its estimated fair value. The current Days Payable is 31.86, which is near median its 10-year median of 34.79 and 52.5% below the Vehicles & Parts industry median of 67.02. Nittan's overall GF Score™ is 74/100 with 2 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 Nittan (TSE:6493), the current Days Payable is 31.86 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 Nittan (TSE:6493) Overvalued in 2026?
Based on GuruFocus' analysis, Nittan stock appears to be overvalued.
The current stock price of 円463.00 is trading 22.9% above its estimated GF Value™ of 円376.87.
GuruFocus considers Nittan to be Modestly Overvalued.
Key valuation signals for TSE:6493:
Days Payable: 31.86 (near median its 10-year median of 34.79)
GF Value™: 円376.87 vs. price of 円463.00 (22.9% above fair value)
Industry Position: 52.5% below the Vehicles & Parts median (#1062 of 1307)
No single metric tells the full story. See the TSE:6493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nittan Corp operates in the auto parts industry. The company is mainly engaged in the manufacturing and distribution of engine valves, automobile parts, spinning machine parts, and other general machine parts and equipment. In addition, the company is involved in the produce, process, and sales of agricultural crops. The company has an operational presence across Asia, North America, and Europe.
74GF Score
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