Naikai Zosen (TSE:7018) Days Payable: 38.95 (As of Mar. 2026) — 58% Below Median


TSE:7018 Naikai Zosen Corp TSE:7018
71 GF Score
Price 円9,980.00
GF Value 円5,613.01
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Naikai Zosen Days Payable?

Naikai Zosen TSE:7018 +0.30% 71 Days Payable is 38.95 as of Mar. 2026, which is 58% below its 10-year median of 93.42. GuruFocus rates TSE:7018 with a GF Score™ of 71/100 and a GF Value™ of 円5,613.01 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 337 Aerospace & Defense companies, Naikai Zosen ranks worse than 73% on this metric.

Naikai Zosen's average Accounts Payable for the six months ended in Mar. 2026 was 円4,914 Mil. Naikai Zosen's Cost of Goods Sold for the six months ended in Mar. 2026 was 円23,022 Mil. Hence, Naikai Zosen's Days Payable for the six months ended in Mar. 2026 was 38.95.

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

TSE:7018' s Days Payable Range Over the Past 10 Years
Min: 37.03   Med: 93.42   Max: 106.43
Current: 40.07

During the past 13 years, Naikai Zosen's highest Days Payable was 106.43. The lowest was 37.03. And the median was 93.42.

TSE:7018's Days Payable is ranked worse than
73% of 337 companies
in the Aerospace & Defense industry
Industry Median: 64.7 vs TSE:7018: 40.07

Naikai Zosen's Days Payable declined from Mar. 2025 (41.89) to Mar. 2026 (38.95). It may suggest that Naikai Zosen accelerated paying its suppliers.


Naikai Zosen Days Payable Historical Data

* Premium members only.

The historical data trend for Naikai Zosen'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.

Naikai Zosen Days Payable Chart

Naikai Zosen 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 98.80 96.91 60.88 37.03 37.97

Naikai Zosen 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 77.30 40.09 41.89 43.67 38.95

TSE:7018 vs SPCX, GE, RTX: Days Payable Comparison

For the Aerospace & Defense subindustry, Naikai Zosen'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.


Naikai Zosen Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Naikai Zosen's Days Payable distribution charts can be found below:

* The bar in red indicates where Naikai Zosen's Days Payable falls into.


TSE:7018
71GF Score
Naikai Zosen Corp TSE:7018
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Naikai Zosen 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.

Naikai Zosen'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
=( (4212 + 4657) / 2 ) / 42624*365
=4434.5 / 42624*365
=37.97

Naikai Zosen'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
=( (5170 + 4657) / 2 ) / 23022*365 / 2
=4913.5 / 23022*365 / 2
=38.95

* 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 38.95 mean?
Naikai Zosen (TSE:7018) has a Days Payable of 38.95 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 Naikai Zosen and its competitors. This is 58% below median its historical median of 93.42. Over the past decade, Naikai Zosen's Days Payable has ranged from 37.03 to 106.43. According to the industry distribution chart, Naikai Zosen ranks #246 out of 337 companies in the Aerospace & Defense industry, placing it in the top 73%.
Is Naikai Zosen's Days Payable too high?
Naikai Zosen's current Days Payable of 38.95 is 58% below median its 10-year median of 93.42. Over the past 10 years, this metric has ranged from a low of 37.03 to a high of 106.43. The Aerospace & Defense industry median Days Payable is 64.70. Naikai Zosen's value of 38.95 is 39.8% below this industry median. Based on the distribution chart, Naikai Zosen ranks #246 out of 337 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Naikai Zosen has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naikai Zosen's Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Naikai Zosen ranks #246 out of 337 companies for Days Payable. This places Naikai Zosen in the lower half of its industry. The industry median Days Payable is 64.70. Naikai Zosen's value of 38.95 is 39.8% below this benchmark. Historically, Naikai Zosen's own Days Payable has ranged from 37.03 to 106.43 over the past decade. While the company's 10-year median is 93.42 vs. the industry median of 64.70, Naikai Zosen 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 Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.70, based on 337 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. Naikai Zosen's current Days Payable of 38.95 is 39.8% 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 Naikai Zosen and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naikai Zosen's current Days Payable is 38.95, which is 58% below median its own 10-year median of 93.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naikai Zosen stock overvalued right now?
Based on GuruFocus' analysis, Naikai Zosen (TSE:7018) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,613.01, compared to a current price of 円9,980.00 — trading 77.8% above its estimated fair value. The current Days Payable is 38.95, which is 58% below median its 10-year median of 93.42 and 39.8% below the Aerospace & Defense industry median of 64.70. Naikai Zosen's overall GF Score™ is 71/100 with 1 warning sign 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 Naikai Zosen (TSE:7018), the current Days Payable is 38.95 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 Naikai Zosen (TSE:7018) Overvalued in 2026?

Based on GuruFocus' analysis, Naikai Zosen stock appears to be overvalued. The current stock price of 円9,980.00 is trading 77.8% above its estimated GF Value™ of 円5,613.01. GuruFocus considers Naikai Zosen to be Significantly Overvalued.

Key valuation signals for TSE:7018:

  • Days Payable: 38.95 (58% below median its 10-year median of 93.42)
  • GF Value™: 円5,613.01 vs. price of 円9,980.00 (77.8% above fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 39.8% below the Aerospace & Defense median (#246 of 337)

No single metric tells the full story. See the TSE:7018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naikai Zosen Business Description

Address 226-6 swamp town Setoda Onomichi, Hiroshima, JPN, 722-2493
Naikai Zosen Corp is a shipbuilding company. The company constructs various ships, such as container ships, product tankers, car carriers, bulk carriers, chemical tankers, cargo ships, passenger ferries, and research vessels.
71GF Score

Get the complete analysis for TSE:7018

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

円9,980.00
Price
円5,613.01
GF Value