Tokai Kisen Co (TSE:9173) Days Payable: 33.85 (As of Jun. 2026) — 12% 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:9173 Tokai Kisen Co Ltd TSE:9173
61 GF Score
Price 円2,812.00
GF Value 円2,872.74
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Tokai Kisen Co Days Payable?

Tokai Kisen Co TSE:9173 -0.18% 61 Days Payable is 33.85 as of Jun. 2026, which is 12% above its 10-year median of 30.18. GuruFocus rates TSE:9173 with a GF Score™ of 61/100 and a GF Value™ of 円2,872.74 (Fairly Valued). The stock has 4 warning signs investors should review. Among 973 Transportation companies, Tokai Kisen Co ranks better than 52.62% on this metric.

Tokai Kisen Co's average Accounts Payable for the three months ended in Jun. 2026 was 円1,449 Mil. Tokai Kisen Co's Cost of Goods Sold for the three months ended in Jun. 2026 was 円3,906 Mil. Hence, Tokai Kisen Co's Days Payable for the three months ended in Jun. 2026 was 33.85.

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

TSE:9173' s Days Payable Range Over the Past 10 Years
Min: 26.62   Med: 30.18   Max: 40.63
Current: 40.63

During the past 13 years, Tokai Kisen Co's highest Days Payable was 40.63. The lowest was 26.62. And the median was 30.18.

TSE:9173's Days Payable is ranked better than
52.62% of 973 companies
in the Transportation industry
Industry Median: 38.08 vs TSE:9173: 40.63

Tokai Kisen Co's Days Payable declined from Jun. 2025 (35.12) to Jun. 2026 (33.85). It may suggest that Tokai Kisen Co accelerated paying its suppliers.


Tokai Kisen Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tokai Kisen 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.

Tokai Kisen Co Days Payable Chart

Tokai Kisen 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 29.70 26.62 28.56 31.85 30.80

Tokai Kisen Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 35.12 49.72 38.16 28.96 33.85

Tokai Kisen Co Days Payable Competitor Comparison

For the Marine Shipping subindustry, Tokai Kisen 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.


Tokai Kisen Co Days Payable vs Transportation Industry

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

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


TSE:9173
61GF Score
Tokai Kisen Co Ltd TSE:9173
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai Kisen 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.

Tokai Kisen 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
=( (1186.493 + 886.686) / 2 ) / 12285.059*365
=1036.5895 / 12285.059*365
=30.80

Tokai Kisen Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (999 + 1898.989) / 2 ) / 3906*365 / 4
=1448.9945 / 3906*365 / 4
=33.85

* 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 33.85 mean?
Tokai Kisen Co (TSE:9173) has a Days Payable of 33.85 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tokai Kisen Co and its competitors. This is 12% above median its historical median of 30.18. Over the past decade, Tokai Kisen Co's Days Payable has ranged from 26.62 to 40.63. According to the industry distribution chart, Tokai Kisen Co ranks #461 out of 973 companies in the Transportation industry, placing it in the top 47.4%.
Is Tokai Kisen Co's Days Payable too high?
Tokai Kisen Co's current Days Payable of 33.85 is 12% above median its 10-year median of 30.18. Over the past 10 years, this metric has ranged from a low of 26.62 to a high of 40.63. The Transportation industry median Days Payable is 38.08. Tokai Kisen Co's value of 33.85 is 11.1% below this industry median. Based on the distribution chart, Tokai Kisen Co ranks #461 out of 973 companies in the Transportation industry, which is above the industry midpoint. Overall, Tokai Kisen Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokai Kisen Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, Tokai Kisen Co ranks #461 out of 973 companies for Days Payable. This puts Tokai Kisen Co in the upper half of its industry. The industry median Days Payable is 38.08. Tokai Kisen Co's value of 33.85 is 11.1% below this benchmark. Historically, Tokai Kisen Co's own Days Payable has ranged from 26.62 to 40.63 over the past decade. While the company's 10-year median is 30.18 vs. the industry median of 38.08, Tokai Kisen 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 38.08, based on 973 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. Tokai Kisen Co's current Days Payable of 33.85 is 11.1% 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 Tokai Kisen Co and its competitors. For the Transportation industry, the median Days Payable is 38.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Kisen Co's current Days Payable is 33.85, which is 12% above median its own 10-year median of 30.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Kisen Co (TSE:9173) is currently considered Fairly Valued. The stock's GF Value™ is 円2,872.74, compared to a current price of 円2,812.00 — trading 2.1% below its estimated fair value. The current Days Payable is 33.85, which is 12% above median its 10-year median of 30.18 and 11.1% below the Transportation industry median of 38.08. Tokai Kisen Co's overall GF Score™ is 61/100 with 4 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 Tokai Kisen Co (TSE:9173), the current Days Payable is 33.85 as of Jun. 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 Tokai Kisen Co (TSE:9173) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Kisen Co stock appears to be undervalued. The current stock price of 円2,812.00 is trading 2.1% below its estimated GF Value™ of 円2,872.74. GuruFocus considers Tokai Kisen Co to be Fairly Valued.

Key valuation signals for TSE:9173:

  • Days Payable: 33.85 (12% above median its 10-year median of 30.18)
  • GF Value™: 円2,872.74 vs. price of 円2,812.00 (2.1% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 11.1% below the Transportation median (#461 of 973)

No single metric tells the full story. See the TSE:9173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Kisen Co Business Description

Address 1-16-1 Kaigan, Minato-ku, Tokyo, JPN, 105-6891
Tokai Kisen Co Ltd is a Japan-based company mainly engaged in the marine transportation business. Its services include fleet service, trade, food and beverage, restaurant and hotel management and general passenger automobile carrier services.
61GF Score

Get the complete analysis for TSE:9173

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

円2,812.00
Price
円2,872.74
GF Value