Aso International (TSE:9340) Days Payable: 21.60 (As of Mar. 2026) — 17% Below 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:9340 Aso International Inc TSE:9340
69 GF Score
Price 円704.00
GF Value 円674.10
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Aso International Days Payable?

Aso International TSE:9340 +0.14% 69 Days Payable is 21.60 as of Mar. 2026, which is 17% below its 10-year median of 25.88. GuruFocus rates TSE:9340 with a GF Score™ of 69/100 and a GF Value™ of 円674.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 793 Medical Devices & Instruments companies, Aso International ranks worse than 91.93% on this metric.

Aso International's average Accounts Payable for the three months ended in Mar. 2026 was 円137 Mil. Aso International's Cost of Goods Sold for the three months ended in Mar. 2026 was 円577 Mil. Hence, Aso International's Days Payable for the three months ended in Mar. 2026 was 21.60.

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

TSE:9340' s Days Payable Range Over the Past 10 Years
Min: 21.74   Med: 25.88   Max: 26.69
Current: 21.74

During the past 6 years, Aso International's highest Days Payable was 26.69. The lowest was 21.74. And the median was 25.88.

TSE:9340's Days Payable is ranked worse than
91.93% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 68.47 vs TSE:9340: 21.74

Aso International's Days Payable increased from Mar. 2025 (20.47) to Mar. 2026 (21.60). It may suggest that Aso International delayed paying its suppliers.


Aso International Days Payable Historical Data

* Premium members only.

The historical data trend for Aso International'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.

Aso International Days Payable Chart

Aso International Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Days Payable
Get a 7-Day Free Trial 25.88 26.69 25.44 22.59 21.86

Aso International Quarterly Data
Jun21 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 19.85 20.89 22.04 21.60 22.27

TSE:9340 vs ISRG, BDX, MDLN: Days Payable Comparison

For the Medical Instruments & Supplies subindustry, Aso International'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.


Aso International Days Payable vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Days Payable distribution charts can be found below:

* The bar in red indicates where Aso International's Days Payable falls into.


TSE:9340
69GF Score
Aso International Inc TSE:9340
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aso International 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.

Aso International's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (139.843 + 119.062) / 2 ) / 2091.505*365
=129.4525 / 2091.505*365
=22.59

Aso International'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
=( (139.515 + 133.52) / 2 ) / 576.771*365 / 4
=136.5175 / 576.771*365 / 4
=21.60

* 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 21.60 mean?
Aso International (TSE:9340) has a Days Payable of 21.60 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 Aso International and its competitors. This is 17% below median its historical median of 25.88. Over the past decade, Aso International's Days Payable has ranged from 21.74 to 26.69. According to the industry distribution chart, Aso International ranks #729 out of 793 companies in the Medical Devices & Instruments industry, placing it in the top 91.9%.
Is Aso International's Days Payable too high?
Aso International's current Days Payable of 21.60 is 17% below median its 10-year median of 25.88. Over the past 10 years, this metric has ranged from a low of 21.74 to a high of 26.69. The Medical Devices & Instruments industry median Days Payable is 68.47. Aso International's value of 21.60 is 68.5% below this industry median. Based on the distribution chart, Aso International ranks #729 out of 793 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Aso International has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aso International's Days Payable compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Aso International ranks #729 out of 793 companies for Days Payable. This places Aso International in the lower half of its industry. The industry median Days Payable is 68.47. Aso International's value of 21.60 is 68.5% below this benchmark. Historically, Aso International's own Days Payable has ranged from 21.74 to 26.69 over the past decade. While the company's 10-year median is 25.88 vs. the industry median of 68.47, Aso International 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 Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 68.47, based on 793 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. Aso International's current Days Payable of 21.60 is 68.5% 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 Aso International and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 68.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aso International's current Days Payable is 21.60, which is 17% below median its own 10-year median of 25.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aso International stock overvalued right now?
Based on GuruFocus' analysis, Aso International (TSE:9340) is currently considered Fairly Valued. The stock's GF Value™ is 円674.10, compared to a current price of 円704.00 — trading 4.4% above its estimated fair value. The current Days Payable is 21.60, which is 17% below median its 10-year median of 25.88 and 68.5% below the Medical Devices & Instruments industry median of 68.47. Aso International's overall GF Score™ is 69/100 with 1 warning sign 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 Aso International (TSE:9340), the current Days Payable is 21.60 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 Aso International (TSE:9340) Overvalued in 2026?

Based on GuruFocus' analysis, Aso International stock appears to be overvalued. The current stock price of 円704.00 is trading 4.4% above its estimated GF Value™ of 円674.10. GuruFocus considers Aso International to be Fairly Valued.

Key valuation signals for TSE:9340:

  • Days Payable: 21.60 (17% below median its 10-year median of 25.88)
  • GF Value™: 円674.10 vs. price of 円704.00 (4.4% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 68.5% below the Medical Devices & Instruments median (#729 of 793)

No single metric tells the full story. See the TSE:9340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aso International Business Description

Address 2-11-8 Ginza, 22nd Central Building, 3rd Floor, Chuo-ku, Tokyo, JPN, 104-0061
Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances. The company mainly manufactures and supplies custom-made orthodontic dental prostheses to dental medical institutions. Its product portfolio comprises Aso Liner, Specter 4D Print Retainer, 3D printers for dental prostheses, Harmony, a lingual orthodontic system, and various types of retainers, among others. The group operates in a single segment, the orthodontic business.
69GF Score

Get the complete analysis for TSE:9340

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

円704.00
Price
円674.10
GF Value