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.
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.
NagaseTSE:8012 -1.22%80 Days Payable is 74.33 as of Mar. 2026, which is 5% above its 10-year median of 71.03. GuruFocus rates TSE:8012 with a GF Score™ of 80/100 and a GF Value™ of 円829.84 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,552 Chemicals companies, Nagase ranks better than 60.5% on this metric.
Nagase's average Accounts Payable for the
three
months ended in Mar. 2026 was 円162,846 Mil. Nagase's Cost of Goods Sold for the
three
months ended in Mar. 2026 was 円199,923 Mil.
Hence, Nagase's Days Payable for the
three
months ended in Mar. 2026 was 74.33.
The historical rank and industry rank for Nagase's Days Payable or its related term are showing as below:
TSE:8012'
s Days Payable Range Over the Past 10 Years
Min: 57.82 Med: 71.03 Max: 81.57
Current: 71.81
During the past 13 years, Nagase's highest Days Payable was 81.57. The lowest was 57.82. And the median was 71.03.
TSE:8012's Days Payable is ranked better than 60.5% of 1552
companies
in the Chemicals industry
Industry Median: 59.645
vs TSE:8012: 71.81
Nagase's Days Payable
declined
from Mar. 2025 (75.15) to Mar. 2026 (74.33).
It may suggest that Nagaseaccelerated paying its suppliers.
Nagase Days Payable Related Terms
Nagase Days Payable Historical Data
* Premium members only.
The historical data trend for Nagase'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:8012 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Nagase'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.
Nagase Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nagase's Days Payable distribution charts can be found below:
* The bar in red indicates where Nagase'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.
Nagase'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.
Nagase (TSE:8012) has a Days Payable of 74.33 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 Nagase and its competitors. This is near median its historical median of 71.03. Over the past decade, Nagase's Days Payable has ranged from 57.82 to 81.57. According to the industry distribution chart, Nagase ranks #613 out of 1552 companies in the Chemicals industry, placing it in the top 39.5%.
Is Nagase's Days Payable too high?
Nagase's current Days Payable of 74.33 is near median its 10-year median of 71.03. Over the past 10 years, this metric has ranged from a low of 57.82 to a high of 81.57. The Chemicals industry median Days Payable is 59.65. Nagase's value of 74.33 is 24.6% above this industry median. Based on the distribution chart, Nagase ranks #613 out of 1552 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nagase has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nagase's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nagase ranks #613 out of 1552 companies for Days Payable. This puts Nagase in the upper half of its industry. The industry median Days Payable is 59.65. Nagase's value of 74.33 is 24.6% above this benchmark. Historically, Nagase's own Days Payable has ranged from 57.82 to 81.57 over the past decade. While the company's 10-year median is 71.03 vs. the industry median of 59.65, Nagase has consistently been above 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.65, based on 1,552 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. Nagase's current Days Payable of 74.33 is 24.6% above 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 Nagase and its competitors. For the Chemicals industry, the median Days Payable is 59.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagase's current Days Payable is 74.33, which is near median its own 10-year median of 71.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagase stock overvalued right now?
Based on GuruFocus' analysis, Nagase (TSE:8012) is currently considered Significantly Overvalued. The stock's GF Value™ is 円829.84, compared to a current price of 円1,135.50 — trading 36.8% above its estimated fair value. The current Days Payable is 74.33, which is near median its 10-year median of 71.03 and 24.6% above the Chemicals industry median of 59.65. Nagase's overall GF Score™ is 80/100 with 2 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 Nagase (TSE:8012), the current Days Payable is 74.33 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 Nagase (TSE:8012) Overvalued in 2026?
Based on GuruFocus' analysis, Nagase stock appears to be overvalued.
The current stock price of 円1,135.50 is trading 36.8% above its estimated GF Value™ of 円829.84.
GuruFocus considers Nagase to be Significantly Overvalued.
Key valuation signals for TSE:8012:
Days Payable: 74.33 (near median its 10-year median of 71.03)
GF Value™: 円829.84 vs. price of 円1,135.50 (36.8% above fair value)
Industry Position: 24.6% above the Chemicals median (#613 of 1552)
No single metric tells the full story. See the TSE:8012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nagase & Co Ltd is a Japan-based trading company focused on chemicals and related products. The company operates through five segments. The Electronics and Energy segment covers semiconductors, components, AR/VR, renewable energy, and displays. The Functional Material segment handles paints, inks, resins, chemicals, films, and sanitary materials. The Life Related segment offers pharmaceuticals, agrochemicals, food ingredients, cosmetics, reagents, and medical devices. The Mobility segment provides materials and products for batteries, electrification, in-vehicle electronics, and autonomous driving. The Processing Material segment deals with plastics, resins, molding machines, and molds, while Others includes information processing and functional services.
80GF Score
Get the complete analysis for TSE:8012
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8012 has been successfully added to your 
