Hamakyorex Co (TSE:9037) Days Payable: 19.58 (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:9037 Hamakyorex Co Ltd TSE:9037
89 GF Score
Price 円1,843.00
GF Value 円1,396.17
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Hamakyorex Co Days Payable?

Hamakyorex Co TSE:9037 +0.77% 89 Days Payable is 19.58 as of Mar. 2026, which is 18% below its 10-year median of 23.99. GuruFocus rates TSE:9037 with a GF Score™ of 89/100 and a GF Value™ of 円1,396.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 968 Transportation companies, Hamakyorex Co ranks worse than 82.33% on this metric.

Hamakyorex Co's average Accounts Payable for the three months ended in Mar. 2026 was 円7,503 Mil. Hamakyorex Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円34,958 Mil. Hence, Hamakyorex Co's Days Payable for the three months ended in Mar. 2026 was 19.58.

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

TSE:9037' s Days Payable Range Over the Past 10 Years
Min: 19.14   Med: 23.99   Max: 25.73
Current: 19.14

During the past 13 years, Hamakyorex Co's highest Days Payable was 25.73. The lowest was 19.14. And the median was 23.99.

TSE:9037's Days Payable is ranked worse than
82.33% of 968 companies
in the Transportation industry
Industry Median: 38.695 vs TSE:9037: 19.14

Hamakyorex Co's Days Payable declined from Mar. 2025 (20.75) to Mar. 2026 (19.58). It may suggest that Hamakyorex Co accelerated paying its suppliers.


Hamakyorex Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hamakyorex 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.

Hamakyorex Co Days Payable Chart

Hamakyorex Co 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 23.63 23.02 22.68 21.09 19.37

Hamakyorex 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 20.75 19.08 18.75 18.93 19.58

TSE:9037 vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, Hamakyorex 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.


Hamakyorex Co Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Hamakyorex Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hamakyorex Co's Days Payable falls into.


TSE:9037
89GF Score
Hamakyorex Co Ltd TSE:9037
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hamakyorex 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.

Hamakyorex Co'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
=( (6914 + 7474) / 2 ) / 135588*365
=7194 / 135588*365
=19.37

Hamakyorex Co'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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (7531 + 7474) / 2 ) / 34958*365 / 4
=7502.5 / 34958*365 / 4
=19.58

* 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 19.58 mean?
Hamakyorex Co (TSE:9037) has a Days Payable of 19.58 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 Hamakyorex Co and its competitors. This is 18% below median its historical median of 23.99. Over the past decade, Hamakyorex Co's Days Payable has ranged from 19.14 to 25.73. According to the industry distribution chart, Hamakyorex Co ranks #797 out of 968 companies in the Transportation industry, placing it in the top 82.3%.
Is Hamakyorex Co's Days Payable too high?
Hamakyorex Co's current Days Payable of 19.58 is 18% below median its 10-year median of 23.99. Over the past 10 years, this metric has ranged from a low of 19.14 to a high of 25.73. The Transportation industry median Days Payable is 38.70. Hamakyorex Co's value of 19.58 is 49.4% below this industry median. Based on the distribution chart, Hamakyorex Co ranks #797 out of 968 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Hamakyorex Co has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamakyorex Co's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, Hamakyorex Co ranks #797 out of 968 companies for Days Payable. This places Hamakyorex Co in the lower half of its industry. The industry median Days Payable is 38.70. Hamakyorex Co's value of 19.58 is 49.4% below this benchmark. Historically, Hamakyorex Co's own Days Payable has ranged from 19.14 to 25.73 over the past decade. While the company's 10-year median is 23.99 vs. the industry median of 38.70, Hamakyorex 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 Transportation company?
The median Days Payable among Transportation companies is 38.70, based on 968 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. Hamakyorex Co's current Days Payable of 19.58 is 49.4% 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 Hamakyorex Co and its competitors. For the Transportation industry, the median Days Payable is 38.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamakyorex Co's current Days Payable is 19.58, which is 18% below median its own 10-year median of 23.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamakyorex Co stock overvalued right now?
Based on GuruFocus' analysis, Hamakyorex Co (TSE:9037) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,396.17, compared to a current price of 円1,843.00 — trading 32% above its estimated fair value. The current Days Payable is 19.58, which is 18% below median its 10-year median of 23.99 and 49.4% below the Transportation industry median of 38.70. Hamakyorex Co's overall GF Score™ is 89/100 with 3 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 Hamakyorex Co (TSE:9037), the current Days Payable is 19.58 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 Hamakyorex Co (TSE:9037) Overvalued in 2026?

Based on GuruFocus' analysis, Hamakyorex Co stock appears to be overvalued. The current stock price of 円1,843.00 is trading 32% above its estimated GF Value™ of 円1,396.17. GuruFocus considers Hamakyorex Co to be Significantly Overvalued.

Key valuation signals for TSE:9037:

  • Days Payable: 19.58 (18% below median its 10-year median of 23.99)
  • GF Value™: 円1,396.17 vs. price of 円1,843.00 (32% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 49.4% below the Transportation median (#797 of 968)

No single metric tells the full story. See the TSE:9037 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamakyorex Co Business Description

Address 1701-1 Terawaki-cho, Minami-ku, Shizuoka, Hamamatsu-shi, JPN, 430 0841
Hamakyorex Co Ltd is a Japan based company engaged in the provision of logistics services. Its business activities include apparel physical distribution, medical equipment logistics, cosmetic logistics, bedding logistics, EC logistics, food distribution, miscellaneous goods distribution and other related activities.
89GF Score

Get the complete analysis for TSE:9037

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

円1,843.00
Price
円1,396.17
GF Value