Toyo Logistics Co (TSE:9306) Days Payable: 26.40 (As of Mar. 2026) — Near 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:9306 Toyo Logistics Co Ltd TSE:9306
75 GF Score
Price 円2,009.00
GF Value 円1,641.63
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Toyo Logistics Co Days Payable?

Toyo Logistics Co TSE:9306 +0.15% 75 Days Payable is 26.40 as of Mar. 2026, which is 1% below its 10-year median of 26.57. GuruFocus rates TSE:9306 with a GF Score™ of 75/100 and a GF Value™ of 円1,641.63 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 973 Transportation companies, Toyo Logistics Co ranks worse than 70.91% on this metric.

Toyo Logistics Co's average Accounts Payable for the three months ended in Mar. 2026 was 円1,997 Mil. Toyo Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円6,902 Mil. Hence, Toyo Logistics Co's Days Payable for the three months ended in Mar. 2026 was 26.40.

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

TSE:9306' s Days Payable Range Over the Past 10 Years
Min: 24.74   Med: 26.57   Max: 30.17
Current: 24.85

During the past 13 years, Toyo Logistics Co's highest Days Payable was 30.17. The lowest was 24.74. And the median was 26.57.

TSE:9306's Days Payable is ranked worse than
70.91% of 973 companies
in the Transportation industry
Industry Median: 38.08 vs TSE:9306: 24.85

Toyo Logistics Co's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (26.40). It may suggest that Toyo Logistics Co delayed paying its suppliers.


Toyo Logistics Co Days Payable Historical Data

* Premium members only.

The historical data trend for Toyo Logistics 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.

Toyo Logistics Co Days Payable Chart

Toyo Logistics 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 26.17 25.57 25.59 24.74 25.02

Toyo Logistics Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 24.33 23.96 25.20 26.40 24.60

TSE:9306 vs UPS, FDX, EXPD: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, Toyo Logistics 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.


Toyo Logistics Co Days Payable vs Transportation Industry

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

* The bar in red indicates where Toyo Logistics Co's Days Payable falls into.


TSE:9306
75GF Score
Toyo Logistics Co Ltd TSE:9306
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Logistics 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.

Toyo Logistics 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
=( (1841.386 + 1970.181) / 2 ) / 27798.84*365
=1905.7835 / 27798.84*365
=25.02

Toyo Logistics 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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2023.301 + 1970.181) / 2 ) / 6902.012*365 / 4
=1996.741 / 6902.012*365 / 4
=26.40

* 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 26.40 mean?
Toyo Logistics Co (TSE:9306) has a Days Payable of 26.40 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 Toyo Logistics Co and its competitors. This is near median its historical median of 26.57. Over the past decade, Toyo Logistics Co's Days Payable has ranged from 24.74 to 30.17. According to the industry distribution chart, Toyo Logistics Co ranks #690 out of 973 companies in the Transportation industry, placing it in the top 70.9%.
Is Toyo Logistics Co's Days Payable too high?
Toyo Logistics Co's current Days Payable of 26.40 is near median its 10-year median of 26.57. Over the past 10 years, this metric has ranged from a low of 24.74 to a high of 30.17. The Transportation industry median Days Payable is 38.08. Toyo Logistics Co's value of 26.40 is 30.7% below this industry median. Based on the distribution chart, Toyo Logistics Co ranks #690 out of 973 companies in the Transportation industry, which is below the industry midpoint. Overall, Toyo Logistics Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Logistics Co's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, Toyo Logistics Co ranks #690 out of 973 companies for Days Payable. This places Toyo Logistics Co in the lower half of its industry. The industry median Days Payable is 38.08. Toyo Logistics Co's value of 26.40 is 30.7% below this benchmark. Historically, Toyo Logistics Co's own Days Payable has ranged from 24.74 to 30.17 over the past decade. While the company's 10-year median is 26.57 vs. the industry median of 38.08, Toyo Logistics 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. Toyo Logistics Co's current Days Payable of 26.40 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 Toyo Logistics 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. Toyo Logistics Co's current Days Payable is 26.40, which is near median its own 10-year median of 26.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Logistics Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Logistics Co (TSE:9306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,641.63, compared to a current price of 円2,009.00 — trading 22.4% above its estimated fair value. The current Days Payable is 26.40, which is near median its 10-year median of 26.57 and 30.7% below the Transportation industry median of 38.08. Toyo Logistics Co's overall GF Score™ is 75/100 with 2 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 Toyo Logistics Co (TSE:9306), the current Days Payable is 26.40 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 Toyo Logistics Co (TSE:9306) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Logistics Co stock appears to be overvalued. The current stock price of 円2,009.00 is trading 22.4% above its estimated GF Value™ of 円1,641.63. GuruFocus considers Toyo Logistics Co to be Modestly Overvalued.

Key valuation signals for TSE:9306:

  • Days Payable: 26.40 (near median its 10-year median of 26.57)
  • GF Value™: 円1,641.63 vs. price of 円2,009.00 (22.4% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 30.7% below the Transportation median (#690 of 973)

No single metric tells the full story. See the TSE:9306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Logistics Co Business Description

Address No. 17 No. 6-chome Nakamura-ku, Nagoya, JPN
Toyo Logistics Co Ltd is a Japan-based company operating in the logistics sector. It is mainly engaged in providing warehousing and transportation services. The company offers international and domestic logistics. In international logistics, the company offers import, export, and international transportation services including customs clearance and ship handling. The company also offers domestic logistics services including trunk room, document storage center, and book storage services. Toyo is also engaged in real estate business including design, construction, management, and development of products.
75GF Score

Get the complete analysis for TSE:9306

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

円2,009.00
Price
円1,641.63
GF Value