f-code (TSE:9211) Days Payable: 56.06 (As of Jun. 2026) — 30% Below Median

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TSE:9211 f-code Inc TSE:9211
77 GF Score
Price 円1,437.00
GF Value 円4,971.99
Valuation Possible Value Trap
! 5 Warning Signs
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What is f-code Days Payable?

f-code TSE:9211 +1.48% 77 Days Payable is 56.06 as of Jun. 2026, which is 30% below its 10-year median of 79.92. GuruFocus rates TSE:9211 with a GF Score™ of 77/100 and a GF Value™ of 円4,971.99 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 912 Media - Diversified companies, f-code ranks worse than 61.07% on this metric.

f-code's average Accounts Payable for the three months ended in Jun. 2026 was 円952 Mil. f-code's Cost of Goods Sold for the three months ended in Jun. 2026 was 円1,549 Mil. Hence, f-code's Days Payable for the three months ended in Jun. 2026 was 56.06.

The historical rank and industry rank for f-code's Days Payable or its related term are showing as below:

TSE:9211' s Days Payable Range Over the Past 10 Years
Min: 49.61   Med: 79.92   Max: 229.12
Current: 54.13

During the past 7 years, f-code's highest Days Payable was 229.12. The lowest was 49.61. And the median was 79.92.

TSE:9211's Days Payable is ranked worse than
61.07% of 912 companies
in the Media - Diversified industry
Industry Median: 80.91 vs TSE:9211: 54.13

f-code's Days Payable declined from Jun. 2025 (60.18) to Jun. 2026 (56.06). It may suggest that f-code accelerated paying its suppliers.


f-code Days Payable Historical Data

* Premium members only.

The historical data trend for f-code'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.

f-code Days Payable Chart

f-code Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 124.39 79.92 60.77 60.46 49.61

f-code Quarterly Data
Dec20 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 60.18 61.10 50.00 52.48 56.06

TSE:9211 vs APP, OMC, TTD: Days Payable Comparison

For the Advertising Agencies subindustry, f-code'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.


f-code Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, f-code's Days Payable distribution charts can be found below:

* The bar in red indicates where f-code's Days Payable falls into.


TSE:9211
77GF Score
f-code Inc TSE:9211
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

f-code 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.

f-code'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
=( (551.021 + 757.157) / 2 ) / 4812.651*365
=654.089 / 4812.651*365
=49.61

f-code'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
=( (1026.38 + 877.214) / 2 ) / 1549.351*365 / 4
=951.797 / 1549.351*365 / 4
=56.06

* 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 56.06 mean?
f-code (TSE:9211) has a Days Payable of 56.06 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 f-code and its competitors. This is 30% below median its historical median of 79.92. Over the past decade, f-code's Days Payable has ranged from 49.61 to 229.12. According to the industry distribution chart, f-code ranks #557 out of 912 companies in the Media - Diversified industry, placing it in the top 61.1%.
Is f-code's Days Payable too high?
f-code's current Days Payable of 56.06 is 30% below median its 10-year median of 79.92. Over the past 10 years, this metric has ranged from a low of 49.61 to a high of 229.12. The Media - Diversified industry median Days Payable is 80.91. f-code's value of 56.06 is 30.7% below this industry median. Based on the distribution chart, f-code ranks #557 out of 912 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, f-code has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does f-code's Days Payable compare to APP and OMC?
According to the Media - Diversified industry distribution chart, f-code ranks #557 out of 912 companies for Days Payable. This places f-code in the lower half of its industry. The industry median Days Payable is 80.91. f-code's value of 56.06 is 30.7% below this benchmark. Historically, f-code's own Days Payable has ranged from 49.61 to 229.12 over the past decade. While the company's 10-year median is 79.92 vs. the industry median of 80.91, f-code 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 80.91, based on 912 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. f-code's current Days Payable of 56.06 is 30.7% 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 f-code and its competitors. For the Media - Diversified industry, the median Days Payable is 80.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. f-code's current Days Payable is 56.06, which is 30% below median its own 10-year median of 79.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is f-code stock overvalued right now?
Based on GuruFocus' analysis, f-code (TSE:9211) is currently considered Possible Value Trap. The stock's GF Value™ is 円4,971.99, compared to a current price of 円1,437.00 — trading 71.1% below its estimated fair value. The current Days Payable is 56.06, which is 30% below median its 10-year median of 79.92 and 30.7% below the Media - Diversified industry median of 80.91. f-code's overall GF Score™ is 77/100 with 5 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 f-code (TSE:9211), the current Days Payable is 56.06 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 f-code (TSE:9211) Overvalued in 2026?

Based on GuruFocus' analysis, f-code stock appears to be undervalued. The current stock price of 円1,437.00 is trading 71.1% below its estimated GF Value™ of 円4,971.99. GuruFocus considers f-code to be Possible Value Trap.

Key valuation signals for TSE:9211:

  • Days Payable: 56.06 (30% below median its 10-year median of 79.92)
  • GF Value™: 円4,971.99 vs. price of 円1,437.00 (71.1% below fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 30.7% below the Media - Diversified median (#557 of 912)

No single metric tells the full story. See the TSE:9211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


f-code Business Description

Address 1-1 Kagurazaka, 2nd Floor, Kagurazaka Sotobori Dori Building, Shinjuku-ku, Tokyo, JPN, 162-0825
f-code Inc is engaged in providing comprehensive consulting services in digital marketing.
77GF Score

Get the complete analysis for TSE:9211

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

円1,437.00
Price
円4,971.99
GF Value