Origin Co (TSE:6513) Days Payable: 26.99 (As of Mar. 2026) — 36% 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:6513 Origin Co Ltd TSE:6513
50 GF Score
Price 円1,255.00
GF Value 円1,228.10
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Origin Co Days Payable?

Origin Co TSE:6513 -0.40% 50 Days Payable is 26.99 as of Mar. 2026, which is 36% below its 10-year median of 42.14. GuruFocus rates TSE:6513 with a GF Score™ of 50/100 and a GF Value™ of 円1,228.10 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,004 Semiconductors companies, Origin Co ranks worse than 77.99% on this metric.

Origin Co's average Accounts Payable for the three months ended in Mar. 2026 was 円1,707 Mil. Origin Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円5,772 Mil. Hence, Origin Co's Days Payable for the three months ended in Mar. 2026 was 26.99.

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

TSE:6513' s Days Payable Range Over the Past 10 Years
Min: 30.79   Med: 42.14   Max: 83.68
Current: 30.79

During the past 13 years, Origin Co's highest Days Payable was 83.68. The lowest was 30.79. And the median was 42.14.

TSE:6513's Days Payable is ranked worse than
77.99% of 1004 companies
in the Semiconductors industry
Industry Median: 54.545 vs TSE:6513: 30.79

Origin Co's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (26.99). It may suggest that Origin Co delayed paying its suppliers.


Origin Co Days Payable Historical Data

* Premium members only.

The historical data trend for Origin Co'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.

Origin Co Days Payable Chart

Origin Co 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 44.49 42.91 36.60 33.91 31.95

Origin Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 37.84 32.97 30.82 26.99 31.28

TSE:6513 vs AMAT, LRCX, KLAC: Days Payable Comparison

For the Semiconductor Equipment & Materials subindustry, Origin Co'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.


Origin Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Origin Co's Days Payable distribution charts can be found below:

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


TSE:6513
50GF Score
Origin Co Ltd TSE:6513
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Origin Co 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.

Origin Co'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
=( (2030.211 + 1705) / 2 ) / 21339*365
=1867.6055 / 21339*365
=31.95

Origin Co'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
=( (1709 + 1705) / 2 ) / 5771.698*365 / 4
=1707 / 5771.698*365 / 4
=26.99

* 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 26.99 mean?
Origin Co (TSE:6513) has a Days Payable of 26.99 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 Origin Co and its competitors. This is 36% below median its historical median of 42.14. Over the past decade, Origin Co's Days Payable has ranged from 30.79 to 83.68. According to the industry distribution chart, Origin Co ranks #783 out of 1004 companies in the Semiconductors industry, placing it in the top 78%.
Is Origin Co's Days Payable too high?
Origin Co's current Days Payable of 26.99 is 36% below median its 10-year median of 42.14. Over the past 10 years, this metric has ranged from a low of 30.79 to a high of 83.68. The Semiconductors industry median Days Payable is 54.55. Origin Co's value of 26.99 is 50.5% below this industry median. Based on the distribution chart, Origin Co ranks #783 out of 1004 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Origin Co has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Origin Co's Days Payable compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Origin Co ranks #783 out of 1004 companies for Days Payable. This places Origin Co in the lower half of its industry. The industry median Days Payable is 54.55. Origin Co's value of 26.99 is 50.5% below this benchmark. Historically, Origin Co's own Days Payable has ranged from 30.79 to 83.68 over the past decade. While the company's 10-year median is 42.14 vs. the industry median of 54.55, Origin Co 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 54.55, based on 1,004 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. Origin Co's current Days Payable of 26.99 is 50.5% 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 Origin Co and its competitors. For the Semiconductors industry, the median Days Payable is 54.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Origin Co's current Days Payable is 26.99, which is 36% below median its own 10-year median of 42.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Origin Co stock overvalued right now?
Based on GuruFocus' analysis, Origin Co (TSE:6513) is currently considered Fairly Valued. The stock's GF Value™ is 円1,228.10, compared to a current price of 円1,255.00 — trading 2.2% above its estimated fair value. The current Days Payable is 26.99, which is 36% below median its 10-year median of 42.14 and 50.5% below the Semiconductors industry median of 54.55. Origin Co's overall GF Score™ is 50/100 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 Origin Co (TSE:6513), the current Days Payable is 26.99 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 Origin Co (TSE:6513) Overvalued in 2026?

Based on GuruFocus' analysis, Origin Co stock appears to be overvalued. The current stock price of 円1,255.00 is trading 2.2% above its estimated GF Value™ of 円1,228.10. GuruFocus considers Origin Co to be Fairly Valued.

Key valuation signals for TSE:6513:

  • Days Payable: 26.99 (36% below median its 10-year median of 42.14)
  • GF Value™: 円1,228.10 vs. price of 円1,255.00 (2.2% above fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 50.5% below the Semiconductors median (#783 of 1004)

No single metric tells the full story. See the TSE:6513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Origin Co Business Description

Address 3-3-27 Sakawa, Sakura-ku, Saitama-ken, Saitama-shi, JPN, 338-0823
Origin Co Ltd is engaged in manufacturing and sales of power equipment, semiconductor devices, precision mechanical parts, system equipment and synthetic resin paints. Its business activities are divided into four divisions including Electronic, Chemitronics, Mechatronics and Components. The Electronics division promotes technological development of power supply equipment. Chemitronics division develops environmentally-friendly paints, water-based paints, benzene, solvent-based paints without toluene and xylene. The Mechatronics division develops cap sealer for semiconductor, vacuum soldering system, among others. Components division is engaged in the development of semiconductor power device technology and the development of original custom made precision mechanical parts.
50GF Score

Get the complete analysis for TSE:6513

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

円1,255.00
Price
円1,228.10
GF Value