Leader Electronics (TSE:6867) Days Payable: 22.11 (As of Mar. 2026) — 51% Below Median


TSE:6867 Leader Electronics Corp TSE:6867
61 GF Score
Price 円431.00
GF Value 円510.31
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Leader Electronics Days Payable?

Leader Electronics TSE:6867 +0.94% 61 Days Payable is 22.11 as of Mar. 2026, which is 51% below its 10-year median of 45.48. GuruFocus rates TSE:6867 with a GF Score™ of 61/100 and a GF Value™ of 円510.31 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,436 Hardware companies, Leader Electronics ranks worse than 87.73% on this metric.

Leader Electronics's average Accounts Payable for the six months ended in Mar. 2026 was 円115 Mil. Leader Electronics's Cost of Goods Sold for the six months ended in Mar. 2026 was 円947 Mil. Hence, Leader Electronics's Days Payable for the six months ended in Mar. 2026 was 22.11.

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

TSE:6867' s Days Payable Range Over the Past 10 Years
Min: 28.88   Med: 45.48   Max: 66.7
Current: 28.88

During the past 13 years, Leader Electronics's highest Days Payable was 66.70. The lowest was 28.88. And the median was 45.48.

TSE:6867's Days Payable is ranked worse than
87.73% of 2436 companies
in the Hardware industry
Industry Median: 69.89 vs TSE:6867: 28.88

Leader Electronics's Days Payable declined from Mar. 2025 (22.27) to Mar. 2026 (22.11). It may suggest that Leader Electronics accelerated paying its suppliers.


Leader Electronics Days Payable Historical Data

* Premium members only.

The historical data trend for Leader Electronics'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.

Leader Electronics Days Payable Chart

Leader Electronics 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 52.06 55.82 45.06 34.14 34.52

Leader Electronics 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 49.47 27.51 22.27 32.24 22.11

TSE:6867 vs COHR, KEYS, GRMN: Days Payable Comparison

For the Scientific & Technical Instruments subindustry, Leader Electronics'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.


Leader Electronics Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Leader Electronics's Days Payable distribution charts can be found below:

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


TSE:6867
61GF Score
Leader Electronics Corp TSE:6867
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Leader Electronics 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.

Leader Electronics'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
=( (138.763 + 154.641) / 2 ) / 1551.204*365
=146.702 / 1551.204*365
=34.52

Leader Electronics'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
=( (74.789 + 154.641) / 2 ) / 946.817*365 / 2
=114.715 / 946.817*365 / 2
=22.11

* 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 22.11 mean?
Leader Electronics (TSE:6867) has a Days Payable of 22.11 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 Leader Electronics and its competitors. This is 51% below median its historical median of 45.48. Over the past decade, Leader Electronics' Days Payable has ranged from 28.88 to 66.70. According to the industry distribution chart, Leader Electronics ranks #2137 out of 2436 companies in the Hardware industry, placing it in the top 87.7%.
Is Leader Electronics' Days Payable too high?
Leader Electronics' current Days Payable of 22.11 is 51% below median its 10-year median of 45.48. Over the past 10 years, this metric has ranged from a low of 28.88 to a high of 66.70. The Hardware industry median Days Payable is 69.89. Leader Electronics' value of 22.11 is 68.4% below this industry median. Based on the distribution chart, Leader Electronics ranks #2137 out of 2436 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Leader Electronics has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leader Electronics' Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Leader Electronics ranks #2137 out of 2436 companies for Days Payable. This places Leader Electronics in the lower half of its industry. The industry median Days Payable is 69.89. Leader Electronics' value of 22.11 is 68.4% below this benchmark. Historically, Leader Electronics' own Days Payable has ranged from 28.88 to 66.70 over the past decade. While the company's 10-year median is 45.48 vs. the industry median of 69.89, Leader Electronics 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 69.89, 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. Leader Electronics's current Days Payable of 22.11 is 68.4% 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 Leader Electronics and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leader Electronics's current Days Payable is 22.11, which is 51% below median its own 10-year median of 45.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leader Electronics stock overvalued right now?
Based on GuruFocus' analysis, Leader Electronics (TSE:6867) is currently considered Modestly Undervalued. The stock's GF Value™ is 円510.31, compared to a current price of 円431.00 — trading 15.5% below its estimated fair value. The current Days Payable is 22.11, which is 51% below median its 10-year median of 45.48 and 68.4% below the Hardware industry median of 69.89. Leader Electronics' overall GF Score™ is 61/100 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 Leader Electronics (TSE:6867), the current Days Payable is 22.11 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 Leader Electronics (TSE:6867) Overvalued in 2026?

Based on GuruFocus' analysis, Leader Electronics stock appears to be undervalued. The current stock price of 円431.00 is trading 15.5% below its estimated GF Value™ of 円510.31. GuruFocus considers Leader Electronics to be Modestly Undervalued.

Key valuation signals for TSE:6867:

  • Days Payable: 22.11 (51% below median its 10-year median of 45.48)
  • GF Value™: 円510.31 vs. price of 円431.00 (15.5% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 68.4% below the Hardware median (#2137 of 2436)

No single metric tells the full story. See the TSE:6867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leader Electronics Business Description

Address 2-6-33 Tsunashima-Higashi, Kohoku-ku, Yokohama, JPN, 223-8505
Leader Electronics Corp is engaged in the research, development, manufacturing, and sales of electronic measuring instruments, including those for broadcasting stations, manufacturers of professional video-related equipment, and signal monitoring during live broadcasts of sporting events.
61GF Score

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

円431.00
Price
円510.31
GF Value