Aoyama Zaisan Networks Co (TSE:8929) Days Payable: 4.89 (As of Dec. 2025) — 56% Above Median


TSE:8929 Aoyama Zaisan Networks Co Ltd TSE:8929
88 GF Score
Price 円1,272.00
GF Value 円1,434.92
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Aoyama Zaisan Networks Co Days Payable?

Aoyama Zaisan Networks Co TSE:8929 -0.47% 88 Days Payable is 4.89 as of Dec. 2025, which is 56% above its 10-year median of 3.13. GuruFocus rates TSE:8929 with a GF Score™ of 88/100 and a GF Value™ of 円1,434.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,568 Real Estate companies, Aoyama Zaisan Networks Co ranks worse than 97.07% on this metric.

Aoyama Zaisan Networks Co's average Accounts Payable for the three months ended in Dec. 2025 was 円323 Mil. Aoyama Zaisan Networks Co's Cost of Goods Sold for the three months ended in Dec. 2025 was 円6,020 Mil. Hence, Aoyama Zaisan Networks Co's Days Payable for the three months ended in Dec. 2025 was 4.89.

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

TSE:8929' s Days Payable Range Over the Past 10 Years
Min: 2.29   Med: 3.13   Max: 18.09
Current: 4.19

During the past 13 years, Aoyama Zaisan Networks Co's highest Days Payable was 18.09. The lowest was 2.29. And the median was 3.13.

TSE:8929's Days Payable is ranked worse than
97.07% of 1568 companies
in the Real Estate industry
Industry Median: 94.38 vs TSE:8929: 4.19

Aoyama Zaisan Networks Co's Days Payable increased from Dec. 2024 (2.62) to Dec. 2025 (4.89). It may suggest that Aoyama Zaisan Networks Co delayed paying its suppliers.


Aoyama Zaisan Networks Co Days Payable Historical Data

* Premium members only.

The historical data trend for Aoyama Zaisan Networks 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.

Aoyama Zaisan Networks Co Days Payable Chart

Aoyama Zaisan Networks Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 2.90 3.68 3.24 3.70

Aoyama Zaisan Networks Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 3.23 3.58 3.34 4.89 5.57

TSE:8929 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Aoyama Zaisan Networks 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.


Aoyama Zaisan Networks Co Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aoyama Zaisan Networks Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Aoyama Zaisan Networks Co's Days Payable falls into.


TSE:8929
88GF Score
Aoyama Zaisan Networks Co Ltd TSE:8929
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Aoyama Zaisan Networks 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.

Aoyama Zaisan Networks Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (378 + 296) / 2 ) / 33284*365
=337 / 33284*365
=3.70

Aoyama Zaisan Networks Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (349 + 296) / 2 ) / 6020*365 / 4
=322.5 / 6020*365 / 4
=4.89

* 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 4.89 mean?
Aoyama Zaisan Networks Co (TSE:8929) has a Days Payable of 4.89 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aoyama Zaisan Networks Co and its competitors. This is 56% above median its historical median of 3.13. Over the past decade, Aoyama Zaisan Networks Co's Days Payable has ranged from 2.29 to 18.09. According to the industry distribution chart, Aoyama Zaisan Networks Co ranks #1522 out of 1568 companies in the Real Estate industry, placing it in the top 97.1%.
Is Aoyama Zaisan Networks Co's Days Payable too high?
Aoyama Zaisan Networks Co's current Days Payable of 4.89 is 56% above median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 18.09. The Real Estate industry median Days Payable is 94.38. Aoyama Zaisan Networks Co's value of 4.89 is 94.8% below this industry median. Based on the distribution chart, Aoyama Zaisan Networks Co ranks #1522 out of 1568 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Aoyama Zaisan Networks Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aoyama Zaisan Networks Co's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Aoyama Zaisan Networks Co ranks #1522 out of 1568 companies for Days Payable. This places Aoyama Zaisan Networks Co in the lower half of its industry. The industry median Days Payable is 94.38. Aoyama Zaisan Networks Co's value of 4.89 is 94.8% below this benchmark. Historically, Aoyama Zaisan Networks Co's own Days Payable has ranged from 2.29 to 18.09 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 94.38, Aoyama Zaisan Networks 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 a Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,568 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. Aoyama Zaisan Networks Co's current Days Payable of 4.89 is 94.8% 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 Aoyama Zaisan Networks Co and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoyama Zaisan Networks Co's current Days Payable is 4.89, which is 56% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoyama Zaisan Networks Co stock overvalued right now?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co (TSE:8929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,434.92, compared to a current price of 円1,272.00 — trading 11.4% below its estimated fair value. The current Days Payable is 4.89, which is 56% above median its 10-year median of 3.13 and 94.8% below the Real Estate industry median of 94.38. Aoyama Zaisan Networks Co's overall GF Score™ is 88/100 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 Aoyama Zaisan Networks Co (TSE:8929), the current Days Payable is 4.89 as of Dec. 2025. 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 Aoyama Zaisan Networks Co (TSE:8929) Overvalued in 2026?

Based on GuruFocus' analysis, Aoyama Zaisan Networks Co stock appears to be undervalued. The current stock price of 円1,272.00 is trading 11.4% below its estimated GF Value™ of 円1,434.92. GuruFocus considers Aoyama Zaisan Networks Co to be Modestly Undervalued.

Key valuation signals for TSE:8929:

  • Days Payable: 4.89 (56% above median its 10-year median of 3.13)
  • GF Value™: 円1,434.92 vs. price of 円1,272.00 (11.4% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 94.8% below the Real Estate median (#1522 of 1568)

No single metric tells the full story. See the TSE:8929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aoyama Zaisan Networks Co Business Description

Address 8-4-14 Akasaka, Aoyama Tower Place, 3rd floor, Minato-ku, Tokyo, JPN, 107 0052
Aoyama Zaisan Networks Co Ltd is engaged in the provision of consulting services of asset transferring, maintenance and operation, among others. It is also engaged in corporate finance consulting and real estate solutions consulting in Japan.
88GF Score

Get the complete analysis for TSE:8929

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

円1,272.00
Price
円1,434.92
GF Value