NirecoTSE:6863 -0.73%86 Days Payable is 18.58 as of Mar. 2026, which is 33% below its 10-year median of 27.74. GuruFocus rates TSE:6863 with a GF Score™ of 86/100 and a GF Value™ of 円1,855.48 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,436 Hardware companies, Nireco ranks worse than 92% on this metric.
Nireco's average Accounts Payable for the
six
months ended in Mar. 2026 was 円366 Mil. Nireco's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円3,598 Mil.
Hence, Nireco's Days Payable for the
six
months ended in Mar. 2026 was 18.58.
The historical rank and industry rank for Nireco's Days Payable or its related term are showing as below:
TSE:6863'
s Days Payable Range Over the Past 10 Years
Min: 22.85 Med: 27.74 Max: 34.8
Current: 22.85
During the past 13 years, Nireco's highest Days Payable was 34.80. The lowest was 22.85. And the median was 27.74.
TSE:6863's Days Payable is ranked worse than 92% of 2436
companies
in the Hardware industry
Industry Median: 69.855
vs TSE:6863: 22.85
Nireco's Days Payable
declined
from Mar. 2025 (22.15) to Mar. 2026 (18.58).
It may suggest that Nirecoaccelerated paying its suppliers.
Nireco Days Payable Related Terms
Nireco Days Payable Historical Data
* Premium members only.
The historical data trend for Nireco'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.
TSE:6863 vs COHR, KEYS, GRMN: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Nireco'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.
Nireco Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Nireco's Days Payable distribution charts can be found below:
* The bar in red indicates where Nireco'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.
Nireco'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.
Nireco (TSE:6863) has a Days Payable of 18.58 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 Nireco and its competitors. This is 33% below median its historical median of 27.74. Over the past decade, Nireco's Days Payable has ranged from 22.85 to 34.80. According to the industry distribution chart, Nireco ranks #2241 out of 2436 companies in the Hardware industry, placing it in the top 92%.
Is Nireco's Days Payable too high?
Nireco's current Days Payable of 18.58 is 33% below median its 10-year median of 27.74. Over the past 10 years, this metric has ranged from a low of 22.85 to a high of 34.80. The Hardware industry median Days Payable is 69.86. Nireco's value of 18.58 is 73.4% below this industry median. Based on the distribution chart, Nireco ranks #2241 out of 2436 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nireco has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nireco's Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Nireco ranks #2241 out of 2436 companies for Days Payable. This places Nireco in the lower half of its industry. The industry median Days Payable is 69.86. Nireco's value of 18.58 is 73.4% below this benchmark. Historically, Nireco's own Days Payable has ranged from 22.85 to 34.80 over the past decade. While the company's 10-year median is 27.74 vs. the industry median of 69.86, Nireco 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 Hardware company?
The median Days Payable among Hardware companies is 69.86, based on 2,436 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. Nireco's current Days Payable of 18.58 is 73.4% 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 Nireco and its competitors. For the Hardware industry, the median Days Payable is 69.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nireco's current Days Payable is 18.58, which is 33% below median its own 10-year median of 27.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nireco stock overvalued right now?
Based on GuruFocus' analysis, Nireco (TSE:6863) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,855.48, compared to a current price of 円2,726.00 — trading 46.9% above its estimated fair value. The current Days Payable is 18.58, which is 33% below median its 10-year median of 27.74 and 73.4% below the Hardware industry median of 69.86. Nireco's overall GF Score™ is 86/100 with 6 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 Nireco (TSE:6863), the current Days Payable is 18.58 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 Nireco (TSE:6863) Overvalued in 2026?
Based on GuruFocus' analysis, Nireco stock appears to be overvalued.
The current stock price of 円2,726.00 is trading 46.9% above its estimated GF Value™ of 円1,855.48.
GuruFocus considers Nireco to be Significantly Overvalued.
Key valuation signals for TSE:6863:
Days Payable: 18.58 (33% below median its 10-year median of 27.74)
GF Value™: 円1,855.48 vs. price of 円2,726.00 (46.9% above fair value)
Industry Position: 73.4% below the Hardware median (#2241 of 2436)
No single metric tells the full story. See the TSE:6863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nireco Corp is engaged in the development, manufacture and sale of control, measurement and inspection equipment for a wide range of industries, from steel and chemicals to food and printing. Its reportable segments include: Process business; Web business; Inspection machine business; and Optics business.
86GF Score
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