Hana Holdings Co (TSE:9156) Days Payable: 1.68 (As of Mar. 2026) — 29% Above 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:9156 Hana Holdings Co Ltd TSE:9156
20 GF Score
Price 円2,670.00
! 3 Warning Signs
View Full Analysis

What is Hana Holdings Co Days Payable?

Hana Holdings Co TSE:9156 20 Days Payable is 1.68 as of Mar. 2026, which is 29% above its 10-year median of 1.30. GuruFocus rates TSE:9156 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review.

Hana Holdings Co's average Accounts Payable for the six months ended in Mar. 2026 was 円13 Mil. Hana Holdings Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円1,453 Mil. Hence, Hana Holdings Co's Days Payable for the six months ended in Mar. 2026 was 1.68.

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

TSE:9156' s Days Payable Range Over the Past 10 Years
Min: 0.85   Med: 1.3   Max: 2.31
Current: 2.04

During the past 6 years, Hana Holdings Co's highest Days Payable was 2.31. The lowest was 0.85. And the median was 1.30.

TSE:9156's Days Payable is not ranked
in the Education industry.
Industry Median: 33.63 vs TSE:9156: 2.04

Hana Holdings Co's Days Payable declined from Mar. 2025 (2.78) to Mar. 2026 (1.68). It may suggest that Hana Holdings Co accelerated paying its suppliers.


Hana Holdings Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hana Holdings 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.

Hana Holdings Co Days Payable Chart

Hana Holdings Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 0.85 0.00 1.30 2.02 2.31

Hana Holdings Co Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.16 2.78 2.15 1.68

TSE:9156 vs : Days Payable Comparison

For the Education & Training Services subindustry, Hana Holdings 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.


Hana Holdings Co Days Payable vs Education Industry

For the Education industry and Consumer Defensive sector, Hana Holdings Co's Days Payable distribution charts can be found below:

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


TSE:9156
20GF Score
Hana Holdings Co Ltd TSE:9156
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hana Holdings 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.

Hana Holdings 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
=( (18.523 + 15.77) / 2 ) / 2706.223*365
=17.1465 / 2706.223*365
=2.31

Hana Holdings 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (10.996 + 15.77) / 2 ) / 1453.119*365 / 2
=13.383 / 1453.119*365 / 2
=1.68

* 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 1.68 mean?
Hana Holdings Co (TSE:9156) has a Days Payable of 1.68 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 Hana Holdings Co and its competitors. This is 29% above median its historical median of 1.30. Over the past decade, Hana Holdings Co's Days Payable has ranged from 0.85 to 2.31.
Is Hana Holdings Co's Days Payable too high?
Hana Holdings Co's current Days Payable of 1.68 is 29% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.31. The Education industry median Days Payable is 33.63. Hana Holdings Co's value of 1.68 is 95% below this industry median. Overall, Hana Holdings Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Hana Holdings Co's Days Payable compare to ?
Hana Holdings Co's Days Payable of 1.68 can be compared against companies in the Education industry. The industry median Days Payable is 33.63. Hana Holdings Co's value of 1.68 is 95% below this benchmark. Historically, Hana Holdings Co's own Days Payable has ranged from 0.85 to 2.31 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 33.63, Hana Holdings 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 an Education company?
The median Days Payable among Education companies is 33.63, based on 211 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. Hana Holdings Co's current Days Payable of 1.68 is 95% 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 Hana Holdings Co and its competitors. For the Education industry, the median Days Payable is 33.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hana Holdings Co's current Days Payable is 1.68, which is 29% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hana Holdings Co stock overvalued right now?
Hana Holdings Co (TSE:9156) has a current Days Payable of 1.68. The current Days Payable is 1.68, which is 29% above median its 10-year median of 1.30 and 95% below the Education industry median of 33.63. Hana Holdings Co's overall GF Score™ is 20/100 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 Hana Holdings Co (TSE:9156), the current Days Payable is 1.68 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.

Hana Holdings Co Business Description

Comparable Companies
Address 1-5-28 Marunouchi, 8th Floor, Itochu Marunouchi Building, Aichi Prefecture, Naka-ku, Nagoya, JPN, 460-0002
Hana Holdings Co Ltd is engaged in the operation of licensed nursery schools and small-scale childcare facilities, commissioning the operation of childcare facilities, and others.
20GF Score

Get the complete analysis for TSE:9156

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

円2,670.00
Price