ASNOVA CoTSE:9223 +0.75%30 Days Payable is 9.59 as of Mar. 2026, which is 37% above its 10-year median of 7.00. GuruFocus rates TSE:9223 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 945 Business Services companies, ASNOVA Co ranks worse than 88.36% on this metric.
ASNOVA Co's average Accounts Payable for the
six
months ended in Mar. 2026 was 円97 Mil. ASNOVA Co's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円1,854 Mil.
Hence, ASNOVA Co's Days Payable for the
six
months ended in Mar. 2026 was 9.59.
The historical rank and industry rank for ASNOVA Co's Days Payable or its related term are showing as below:
TSE:9223'
s Days Payable Range Over the Past 10 Years
Min: 2.68 Med: 7 Max: 14.4
Current: 8.47
During the past 7 years, ASNOVA Co's highest Days Payable was 14.40. The lowest was 2.68. And the median was 7.00.
TSE:9223's Days Payable is ranked worse than 88.36% of 945
companies
in the Business Services industry
Industry Median: 46.11
vs TSE:9223: 8.47
ASNOVA Co's Days Payable
declined
from Mar. 2025 (21.35) to Mar. 2026 (9.59).
It may suggest that ASNOVA Coaccelerated paying its suppliers.
ASNOVA Co Days Payable Related Terms
ASNOVA Co Days Payable Historical Data
* Premium members only.
The historical data trend for ASNOVA 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.
TSE:9223 vs URI, SUNB, AER: Days Payable Comparison
For the Rental & Leasing Services subindustry, ASNOVA 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.
ASNOVA Co Days Payable vs Business Services Industry
For the Business Services industry and Industrials sector, ASNOVA Co's Days Payable distribution charts can be found below:
* The bar in red indicates where ASNOVA Co's Days Payable falls into.
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.
ASNOVA Co's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
ASNOVA Co (TSE:9223) has a Days Payable of 9.59 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 ASNOVA Co and its competitors. This is 37% above median its historical median of 7.00. Over the past decade, ASNOVA Co's Days Payable has ranged from 2.68 to 14.40. According to the industry distribution chart, ASNOVA Co ranks #835 out of 945 companies in the Business Services industry, placing it in the top 88.4%.
Is ASNOVA Co's Days Payable too high?
ASNOVA Co's current Days Payable of 9.59 is 37% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 14.40. The Business Services industry median Days Payable is 46.11. ASNOVA Co's value of 9.59 is 79.2% below this industry median. Based on the distribution chart, ASNOVA Co ranks #835 out of 945 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ASNOVA Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's Days Payable compare to URI and SUNB?
According to the Business Services industry distribution chart, ASNOVA Co ranks #835 out of 945 companies for Days Payable. This places ASNOVA Co in the lower half of its industry. The industry median Days Payable is 46.11. ASNOVA Co's value of 9.59 is 79.2% below this benchmark. Historically, ASNOVA Co's own Days Payable has ranged from 2.68 to 14.40 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 46.11, ASNOVA 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 Business Services company?
The median Days Payable among Business Services companies is 46.11, based on 945 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. ASNOVA Co's current Days Payable of 9.59 is 79.2% 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 ASNOVA Co and its competitors. For the Business Services industry, the median Days Payable is 46.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASNOVA Co's current Days Payable is 9.59, which is 37% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (TSE:9223) has a current Days Payable of 9.59. The current Days Payable is 9.59, which is 37% above median its 10-year median of 7.00 and 79.2% below the Business Services industry median of 46.11. ASNOVA Co's overall GF Score™ is 30/100 with 7 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 ASNOVA Co (TSE:9223), the current Days Payable is 9.59 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.
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
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