Grandy House (TSE:8999) Days Payable: 25.03 (As of Mar. 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:8999 Grandy House Corp TSE:8999
54 GF Score
Price 円537.00
GF Value 円582.07
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Grandy House Days Payable?

Grandy House TSE:8999 -0.92% 54 Days Payable is 25.03 as of Mar. 2026, which is 18% below its 10-year median of 30.37. GuruFocus rates TSE:8999 with a GF Score™ of 54/100 and a GF Value™ of 円582.07 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,568 Real Estate companies, Grandy House ranks worse than 84.06% on this metric.

Grandy House's average Accounts Payable for the six months ended in Mar. 2026 was 円3,137 Mil. Grandy House's Cost of Goods Sold for the six months ended in Mar. 2026 was 円22,867 Mil. Hence, Grandy House's Days Payable for the six months ended in Mar. 2026 was 25.03.

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

TSE:8999' s Days Payable Range Over the Past 10 Years
Min: 24.98   Med: 30.37   Max: 32.78
Current: 25.58

During the past 13 years, Grandy House's highest Days Payable was 32.78. The lowest was 24.98. And the median was 30.37.

TSE:8999's Days Payable is ranked worse than
84.06% of 1568 companies
in the Real Estate industry
Industry Median: 94.205 vs TSE:8999: 25.58

Grandy House's Days Payable increased from Mar. 2025 (24.86) to Mar. 2026 (25.03). It may suggest that Grandy House delayed paying its suppliers.


Grandy House Days Payable Historical Data

* Premium members only.

The historical data trend for Grandy House'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.

Grandy House Days Payable Chart

Grandy House 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 29.29 30.29 28.39 24.98 25.77

Grandy House 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 26.46 24.51 24.86 25.94 25.03

TSE:8999 vs CBRE, BEKE, JLL: Days Payable Comparison

For the Real Estate Services subindustry, Grandy House'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.


Grandy House Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Days Payable distribution charts can be found below:

* The bar in red indicates where Grandy House's Days Payable falls into.


TSE:8999
54GF Score
Grandy House Corp TSE:8999
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grandy House 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.

Grandy House'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
=( (3215.002 + 3158.176) / 2 ) / 45134.986*365
=3186.589 / 45134.986*365
=25.77

Grandy House'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
=( (3114.938 + 3158.176) / 2 ) / 22867.181*365 / 2
=3136.557 / 22867.181*365 / 2
=25.03

* 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 25.03 mean?
Grandy House (TSE:8999) has a Days Payable of 25.03 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 Grandy House and its competitors. This is 18% below median its historical median of 30.37. Over the past decade, Grandy House's Days Payable has ranged from 24.98 to 32.78. According to the industry distribution chart, Grandy House ranks #1318 out of 1568 companies in the Real Estate industry, placing it in the top 84.1%.
Is Grandy House's Days Payable too high?
Grandy House's current Days Payable of 25.03 is 18% below median its 10-year median of 30.37. Over the past 10 years, this metric has ranged from a low of 24.98 to a high of 32.78. The Real Estate industry median Days Payable is 94.21. Grandy House's value of 25.03 is 73.4% below this industry median. Based on the distribution chart, Grandy House ranks #1318 out of 1568 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Grandy House has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandy House's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grandy House ranks #1318 out of 1568 companies for Days Payable. This places Grandy House in the lower half of its industry. The industry median Days Payable is 94.21. Grandy House's value of 25.03 is 73.4% below this benchmark. Historically, Grandy House's own Days Payable has ranged from 24.98 to 32.78 over the past decade. While the company's 10-year median is 30.37 vs. the industry median of 94.21, Grandy House 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 94.21, 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. Grandy House's current Days Payable of 25.03 is 73.4% 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 Grandy House and its competitors. For the Real Estate industry, the median Days Payable is 94.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grandy House's current Days Payable is 25.03, which is 18% below median its own 10-year median of 30.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandy House stock overvalued right now?
Based on GuruFocus' analysis, Grandy House (TSE:8999) is currently considered Fairly Valued. The stock's GF Value™ is 円582.07, compared to a current price of 円537.00 — trading 7.7% below its estimated fair value. The current Days Payable is 25.03, which is 18% below median its 10-year median of 30.37 and 73.4% below the Real Estate industry median of 94.21. Grandy House's overall GF Score™ is 54/100 with 7 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 Grandy House (TSE:8999), the current Days Payable is 25.03 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 Grandy House (TSE:8999) Overvalued in 2026?

Based on GuruFocus' analysis, Grandy House stock appears to be undervalued. The current stock price of 円537.00 is trading 7.7% below its estimated GF Value™ of 円582.07. GuruFocus considers Grandy House to be Fairly Valued.

Key valuation signals for TSE:8999:

  • Days Payable: 25.03 (18% below median its 10-year median of 30.37)
  • GF Value™: 円582.07 vs. price of 円537.00 (7.7% below fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 73.4% below the Real Estate median (#1318 of 1568)

No single metric tells the full story. See the TSE:8999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grandy House Business Description

Address 4-3-18, Odori, Tochigi Prefecture, Utsunomiya, JPN, 3320-081
Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.
54GF Score

Get the complete analysis for TSE:8999

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

円537.00
Price
円582.07
GF Value