Pulstec Industrial Co (TSE:6894) Days Payable: 9.03 (As of Mar. 2026) — 61% Below Median


TSE:6894 Pulstec Industrial Co Ltd TSE:6894
76 GF Score
Price 円2,175.00
GF Value 円1,760.61
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Pulstec Industrial Co Days Payable?

Pulstec Industrial Co TSE:6894 +1.83% 76 Days Payable is 9.03 as of Mar. 2026, which is 61% below its 10-year median of 23.45. GuruFocus rates TSE:6894 with a GF Score™ of 76/100 and a GF Value™ of 円1,760.61 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, Pulstec Industrial Co ranks worse than 98.36% on this metric.

Pulstec Industrial Co's average Accounts Payable for the six months ended in Mar. 2026 was 円43 Mil. Pulstec Industrial Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円861 Mil. Hence, Pulstec Industrial Co's Days Payable for the six months ended in Mar. 2026 was 9.03.

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

TSE:6894' s Days Payable Range Over the Past 10 Years
Min: 8.51   Med: 23.45   Max: 84.06
Current: 10.07

During the past 13 years, Pulstec Industrial Co's highest Days Payable was 84.06. The lowest was 8.51. And the median was 23.45.

TSE:6894's Days Payable is ranked worse than
98.36% of 2993 companies
in the Industrial Products industry
Industry Median: 78.04 vs TSE:6894: 10.07

Pulstec Industrial Co's Days Payable increased from Mar. 2025 (6.60) to Mar. 2026 (9.03). It may suggest that Pulstec Industrial Co delayed paying its suppliers.


Pulstec Industrial Co Days Payable Historical Data

* Premium members only.

The historical data trend for Pulstec Industrial 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.

Pulstec Industrial Co Days Payable Chart

Pulstec Industrial 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 11.99 13.89 15.14 14.06 8.51

Pulstec Industrial Co 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 14.99 15.86 6.60 13.32 9.03

TSE:6894 vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Pulstec Industrial 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.


Pulstec Industrial Co Days Payable vs Industrial Products Industry

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

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


TSE:6894
76GF Score
Pulstec Industrial Co Ltd TSE:6894
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Pulstec Industrial 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.

Pulstec Industrial 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
=( (38.462 + 31.175) / 2 ) / 1493.586*365
=34.8185 / 1493.586*365
=8.51

Pulstec Industrial 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (53.959 + 31.175) / 2 ) / 860.656*365 / 2
=42.567 / 860.656*365 / 2
=9.03

* 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 9.03 mean?
Pulstec Industrial Co (TSE:6894) has a Days Payable of 9.03 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 Pulstec Industrial Co and its competitors. This is 61% below median its historical median of 23.45. Over the past decade, Pulstec Industrial Co's Days Payable has ranged from 8.51 to 84.06. According to the industry distribution chart, Pulstec Industrial Co ranks #2944 out of 2993 companies in the Industrial Products industry, placing it in the top 98.4%.
Is Pulstec Industrial Co's Days Payable too high?
Pulstec Industrial Co's current Days Payable of 9.03 is 61% below median its 10-year median of 23.45. Over the past 10 years, this metric has ranged from a low of 8.51 to a high of 84.06. The Industrial Products industry median Days Payable is 78.04. Pulstec Industrial Co's value of 9.03 is 88.4% below this industry median. Based on the distribution chart, Pulstec Industrial Co ranks #2944 out of 2993 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Pulstec Industrial Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pulstec Industrial Co's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Pulstec Industrial Co ranks #2944 out of 2993 companies for Days Payable. This places Pulstec Industrial Co in the lower half of its industry. The industry median Days Payable is 78.04. Pulstec Industrial Co's value of 9.03 is 88.4% below this benchmark. Historically, Pulstec Industrial Co's own Days Payable has ranged from 8.51 to 84.06 over the past decade. While the company's 10-year median is 23.45 vs. the industry median of 78.04, Pulstec Industrial 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 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. Pulstec Industrial Co's current Days Payable of 9.03 is 88.4% 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 Pulstec Industrial Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulstec Industrial Co's current Days Payable is 9.03, which is 61% below median its own 10-year median of 23.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulstec Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Pulstec Industrial Co (TSE:6894) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,760.61, compared to a current price of 円2,175.00 — trading 23.5% above its estimated fair value. The current Days Payable is 9.03, which is 61% below median its 10-year median of 23.45 and 88.4% below the Industrial Products industry median of 78.04. Pulstec Industrial Co's overall GF Score™ is 76/100 with 4 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 Pulstec Industrial Co (TSE:6894), the current Days Payable is 9.03 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 Pulstec Industrial Co (TSE:6894) Overvalued in 2026?

Based on GuruFocus' analysis, Pulstec Industrial Co stock appears to be overvalued. The current stock price of 円2,175.00 is trading 23.5% above its estimated GF Value™ of 円1,760.61. GuruFocus considers Pulstec Industrial Co to be Modestly Overvalued.

Key valuation signals for TSE:6894:

  • Days Payable: 9.03 (61% below median its 10-year median of 23.45)
  • GF Value™: 円1,760.61 vs. price of 円2,175.00 (23.5% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 88.4% below the Industrial Products median (#2944 of 2993)

No single metric tells the full story. See the TSE:6894 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pulstec Industrial Co Business Description

Address 35, 7000 Nakagawa, Hosoe-cho, Hamana-ku, Shizuoka, Hamamatsu, JPN, 431-1304
Pulstec Industrial Co Ltd is a Japan-based company engaged in the manufacture and sale of electronic applied equipment and systems. Its products include X-ray application, optical application, optical disc, and scanner series. The company is also engaged in engaged in the manufacture and sale of portable X-ray residual stress measuring devices, healthcare, manufacturing of medical equipment, 3D scanners, various measurement, control and data processing devices, and other electronic application devices and equipment.
76GF Score

Get the complete analysis for TSE:6894

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

円2,175.00
Price
円1,760.61
GF Value