Star Flyer (TSE:9206) Days Payable: 29.39 (As of Mar. 2026) — 10% 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:9206 Star Flyer Inc TSE:9206
54 GF Score
Price 円1,923.00
GF Value 円2,853.96
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Star Flyer Days Payable?

Star Flyer TSE:9206 +0.16% 54 Days Payable is 29.39 as of Mar. 2026, which is 10% above its 10-year median of 26.81. GuruFocus rates TSE:9206 with a GF Score™ of 54/100 and a GF Value™ of 円2,853.96 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 968 Transportation companies, Star Flyer ranks worse than 61.78% on this metric.

Star Flyer's average Accounts Payable for the six months ended in Mar. 2026 was 円3,196 Mil. Star Flyer's Cost of Goods Sold for the six months ended in Mar. 2026 was 円19,843 Mil. Hence, Star Flyer's Days Payable for the six months ended in Mar. 2026 was 29.39.

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

TSE:9206' s Days Payable Range Over the Past 10 Years
Min: 21.07   Med: 26.81   Max: 37.38
Current: 30.62

During the past 13 years, Star Flyer's highest Days Payable was 37.38. The lowest was 21.07. And the median was 26.81.

TSE:9206's Days Payable is ranked worse than
61.78% of 968 companies
in the Transportation industry
Industry Median: 38.8 vs TSE:9206: 30.62

Star Flyer's Days Payable declined from Mar. 2025 (30.81) to Mar. 2026 (29.39). It may suggest that Star Flyer accelerated paying its suppliers.


Star Flyer Days Payable Historical Data

* Premium members only.

The historical data trend for Star Flyer'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.

Star Flyer Days Payable Chart

Star Flyer 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 34.09 21.07 22.88 28.88 30.83

Star Flyer 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 25.42 26.20 30.81 31.64 29.39

TSE:9206 vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, Star Flyer'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.


Star Flyer Days Payable vs Transportation Industry

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

* The bar in red indicates where Star Flyer's Days Payable falls into.


TSE:9206
54GF Score
Star Flyer Inc TSE:9206
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Flyer 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.

Star Flyer'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
=( (3595 + 3109) / 2 ) / 39680*365
=3352 / 39680*365
=30.83

Star Flyer'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
=( (3283 + 3109) / 2 ) / 19843*365 / 2
=3196 / 19843*365 / 2
=29.39

* 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 29.39 mean?
Star Flyer (TSE:9206) has a Days Payable of 29.39 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 Star Flyer and its competitors. This is 10% above median its historical median of 26.81. Over the past decade, Star Flyer's Days Payable has ranged from 21.07 to 37.38. According to the industry distribution chart, Star Flyer ranks #598 out of 968 companies in the Transportation industry, placing it in the top 61.8%.
Is Star Flyer's Days Payable too high?
Star Flyer's current Days Payable of 29.39 is 10% above median its 10-year median of 26.81. Over the past 10 years, this metric has ranged from a low of 21.07 to a high of 37.38. The Transportation industry median Days Payable is 38.80. Star Flyer's value of 29.39 is 24.3% below this industry median. Based on the distribution chart, Star Flyer ranks #598 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, Star Flyer has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Flyer's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Star Flyer ranks #598 out of 968 companies for Days Payable. This places Star Flyer in the lower half of its industry. The industry median Days Payable is 38.80. Star Flyer's value of 29.39 is 24.3% below this benchmark. Historically, Star Flyer's own Days Payable has ranged from 21.07 to 37.38 over the past decade. While the company's 10-year median is 26.81 vs. the industry median of 38.80, Star Flyer 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 38.80, 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. Star Flyer's current Days Payable of 29.39 is 24.3% 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 Star Flyer and its competitors. For the Transportation industry, the median Days Payable is 38.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Flyer's current Days Payable is 29.39, which is 10% above median its own 10-year median of 26.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Flyer stock overvalued right now?
Based on GuruFocus' analysis, Star Flyer (TSE:9206) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,853.96, compared to a current price of 円1,923.00 — trading 32.6% below its estimated fair value. The current Days Payable is 29.39, which is 10% above median its 10-year median of 26.81 and 24.3% below the Transportation industry median of 38.80. Star Flyer's overall GF Score™ is 54/100 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 Star Flyer (TSE:9206), the current Days Payable is 29.39 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 Star Flyer (TSE:9206) Overvalued in 2026?

Based on GuruFocus' analysis, Star Flyer stock appears to be undervalued. The current stock price of 円1,923.00 is trading 32.6% below its estimated GF Value™ of 円2,853.96. GuruFocus considers Star Flyer to be Significantly Undervalued.

Key valuation signals for TSE:9206:

  • Days Payable: 29.39 (10% above median its 10-year median of 26.81)
  • GF Value™: 円2,853.96 vs. price of 円1,923.00 (32.6% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 24.3% below the Transportation median (#598 of 968)

No single metric tells the full story. See the TSE:9206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Star Flyer Business Description

Address 6 Kuko Kitamachi, Starflyer Kitakyushu Airport Headquarters Building, Kokuraminami-ku, Kitakyushu, Fukuoka, JPN, 800-0306
Star Flyer Inc operates as an airline carrier in the aviation industry. The company provides air transportation services for passengers, baggage, and cargo. Star Flyer also offers shuttle services between key Japanese cities.
54GF Score

Get the complete analysis for TSE:9206

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

円1,923.00
Price
円2,853.96
GF Value