Tokyo Kisen Co (TSE:9193) Days Payable: 31.29 (As of Mar. 2026) — 13% Below Median

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TSE:9193 Tokyo Kisen Co Ltd TSE:9193
65 GF Score
Price 円881.00
GF Value 円758.53
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tokyo Kisen Co Days Payable?

Tokyo Kisen Co TSE:9193 -0.56% 65 Days Payable is 31.29 as of Mar. 2026, which is 13% below its 10-year median of 36.15. GuruFocus rates TSE:9193 with a GF Score™ of 65/100 and a GF Value™ of 円758.53 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 968 Transportation companies, Tokyo Kisen Co ranks worse than 61.67% on this metric.

Tokyo Kisen Co's average Accounts Payable for the six months ended in Mar. 2026 was 円896 Mil. Tokyo Kisen Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円5,223 Mil. Hence, Tokyo Kisen Co's Days Payable for the six months ended in Mar. 2026 was 31.29.

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

TSE:9193' s Days Payable Range Over the Past 10 Years
Min: 30.39   Med: 36.15   Max: 39.3
Current: 30.39

During the past 13 years, Tokyo Kisen Co's highest Days Payable was 39.30. The lowest was 30.39. And the median was 36.15.

TSE:9193's Days Payable is ranked worse than
61.67% of 968 companies
in the Transportation industry
Industry Median: 38.62 vs TSE:9193: 30.39

Tokyo Kisen Co's Days Payable increased from Mar. 2025 (27.78) to Mar. 2026 (31.29). It may suggest that Tokyo Kisen Co delayed paying its suppliers.


Tokyo Kisen Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tokyo 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.

Tokyo Kisen Co Days Payable Chart

Tokyo Kisen 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 38.47 36.02 33.27 32.63 31.50

Tokyo Kisen Co 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 32.38 29.42 27.78 28.52 31.29

Tokyo Kisen Co Days Payable Competitor Comparison

For the Marine Shipping subindustry, Tokyo 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.


Tokyo Kisen Co Days Payable vs Transportation Industry

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

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


TSE:9193
65GF Score
Tokyo Kisen Co Ltd TSE:9193
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo 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.

Tokyo Kisen 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
=( (949.939 + 944.067) / 2 ) / 10972.181*365
=947.003 / 10972.181*365
=31.50

Tokyo Kisen 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
=( (846.956 + 944.067) / 2 ) / 5223.123*365 / 2
=895.5115 / 5223.123*365 / 2
=31.29

* 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 31.29 mean?
Tokyo Kisen Co (TSE:9193) has a Days Payable of 31.29 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 Tokyo Kisen Co and its competitors. This is 13% below median its historical median of 36.15. Over the past decade, Tokyo Kisen Co's Days Payable has ranged from 30.39 to 39.30. According to the industry distribution chart, Tokyo Kisen Co ranks #597 out of 968 companies in the Transportation industry, placing it in the top 61.7%.
Is Tokyo Kisen Co's Days Payable too high?
Tokyo Kisen Co's current Days Payable of 31.29 is 13% below median its 10-year median of 36.15. Over the past 10 years, this metric has ranged from a low of 30.39 to a high of 39.30. The Transportation industry median Days Payable is 38.62. Tokyo Kisen Co's value of 31.29 is 19% below this industry median. Based on the distribution chart, Tokyo Kisen Co ranks #597 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, Tokyo Kisen Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Kisen Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, Tokyo Kisen Co ranks #597 out of 968 companies for Days Payable. This places Tokyo Kisen Co in the lower half of its industry. The industry median Days Payable is 38.62. Tokyo Kisen Co's value of 31.29 is 19% below this benchmark. Historically, Tokyo Kisen Co's own Days Payable has ranged from 30.39 to 39.30 over the past decade. While the company's 10-year median is 36.15 vs. the industry median of 38.62, Tokyo 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 38.62, 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. Tokyo Kisen Co's current Days Payable of 31.29 is 19% 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 Tokyo Kisen Co and its competitors. For the Transportation industry, the median Days Payable is 38.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Kisen Co's current Days Payable is 31.29, which is 13% below median its own 10-year median of 36.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Kisen Co (TSE:9193) is currently considered Modestly Overvalued. The stock's GF Value™ is 円758.53, compared to a current price of 円881.00 — trading 16.1% above its estimated fair value. The current Days Payable is 31.29, which is 13% below median its 10-year median of 36.15 and 19% below the Transportation industry median of 38.62. Tokyo Kisen Co's overall GF Score™ is 65/100 with 6 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 Tokyo Kisen Co (TSE:9193), the current Days Payable is 31.29 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 Tokyo Kisen Co (TSE:9193) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Kisen Co stock appears to be overvalued. The current stock price of 円881.00 is trading 16.1% above its estimated GF Value™ of 円758.53. GuruFocus considers Tokyo Kisen Co to be Modestly Overvalued.

Key valuation signals for TSE:9193:

  • Days Payable: 31.29 (13% below median its 10-year median of 36.15)
  • GF Value™: 円758.53 vs. price of 円881.00 (16.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 19% below the Transportation median (#597 of 968)

No single metric tells the full story. See the TSE:9193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Kisen Co Business Description

Address No.2 Yamashita-cho, Naka-ku, Industry & Trade Center Building, Yokohama, JPN, 231-0023
Tokyo Kisen Co Ltd is a Japan-based company providing maritime safety services. The services offered by the company include harbor towage services, escort tug services, and emergency support and disaster prevention services like container ships, crude oil tankers, LNG carriers, LPG carriers, bulk carriers, car carriers, and iron ore carriers.
65GF Score

Get the complete analysis for TSE:9193

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

円881.00
Price
円758.53
GF Value