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.
Zero CoTSE:9028 -0.68%87 Days Payable is 21.49 as of Mar. 2026, which is 27% below its 10-year median of 29.51. GuruFocus rates TSE:9028 with a GF Score™ of 87/100 and a GF Value™ of 円2,582.94 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Zero Co ranks worse than 83.23% on this metric.
Zero Co's average Accounts Payable for the
three
months ended in Mar. 2026 was 円9,421 Mil. Zero Co's Cost of Goods Sold for the
three
months ended in Mar. 2026 was 円40,003 Mil.
Hence, Zero Co's Days Payable for the
three
months ended in Mar. 2026 was 21.49.
The historical rank and industry rank for Zero Co's Days Payable or its related term are showing as below:
TSE:9028'
s Days Payable Range Over the Past 10 Years
Min: 27.16 Med: 29.51 Max: 33.81
Current: 33.81
During the past 13 years, Zero Co's highest Days Payable was 33.81. The lowest was 27.16. And the median was 29.51.
TSE:9028's Days Payable is ranked worse than 83.23% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 67.255
vs TSE:9028: 33.81
Zero Co's Days Payable
increased
from Mar. 2025 (21.03) to Mar. 2026 (21.49).
It may suggest that Zero Codelayed paying its suppliers.
Zero Co Days Payable Related Terms
Zero Co Days Payable Historical Data
* Premium members only.
The historical data trend for Zero 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.
TSE:9028 vs CVNA, PAG, ALTB: Days Payable Comparison
For the Auto & Truck Dealerships subindustry, Zero 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.
Zero Co Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zero Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Zero Co'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.
Zero Co's Days Payable for the fiscal year that ended in Jun. 2025 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.
Zero Co (TSE:9028) has a Days Payable of 21.49 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 Zero Co and its competitors. This is 27% below median its historical median of 29.51. Over the past decade, Zero Co's Days Payable has ranged from 27.16 to 33.81. According to the industry distribution chart, Zero Co ranks #1087 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 83.2%.
Is Zero Co's Days Payable too high?
Zero Co's current Days Payable of 21.49 is 27% below median its 10-year median of 29.51. Over the past 10 years, this metric has ranged from a low of 27.16 to a high of 33.81. The Vehicles & Parts industry median Days Payable is 67.26. Zero Co's value of 21.49 is 68% below this industry median. Based on the distribution chart, Zero Co ranks #1087 out of 1306 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Zero Co has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zero Co's Days Payable compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Zero Co ranks #1087 out of 1306 companies for Days Payable. This places Zero Co in the lower half of its industry. The industry median Days Payable is 67.26. Zero Co's value of 21.49 is 68% below this benchmark. Historically, Zero Co's own Days Payable has ranged from 27.16 to 33.81 over the past decade. While the company's 10-year median is 29.51 vs. the industry median of 67.26, Zero 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.26, based on 1,306 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. Zero Co's current Days Payable of 21.49 is 68% 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 Zero Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero Co's current Days Payable is 21.49, which is 27% below median its own 10-year median of 29.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero Co stock overvalued right now?
Based on GuruFocus' analysis, Zero Co (TSE:9028) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,582.94, compared to a current price of 円3,650.00 — trading 41.3% above its estimated fair value. The current Days Payable is 21.49, which is 27% below median its 10-year median of 29.51 and 68% below the Vehicles & Parts industry median of 67.26. Zero Co's overall GF Score™ is 87/100 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 Zero Co (TSE:9028), the current Days Payable is 21.49 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 Zero Co (TSE:9028) Overvalued in 2026?
Based on GuruFocus' analysis, Zero Co stock appears to be overvalued.
The current stock price of 円3,650.00 is trading 41.3% above its estimated GF Value™ of 円2,582.94.
GuruFocus considers Zero Co to be Significantly Overvalued.
Key valuation signals for TSE:9028:
Days Payable: 21.49 (27% below median its 10-year median of 29.51)
GF Value™: 円2,582.94 vs. price of 円3,650.00 (41.3% above fair value)
Industry Position: 68% below the Vehicles & Parts median (#1087 of 1306)
No single metric tells the full story. See the TSE:9028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zero Co Ltd provides transportation services including new and used vehicle transportation, door-to-door transportation of private cars and motorbikes, new and heavy vehicle maintenance, handling and vehicle inspection at the auto auction.
87GF Score
Get the complete analysis for TSE:9028
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:9028 has been successfully added to your 
