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.
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.
eREX CoTSE:9517 +2.40%59 Days Payable is 36.52 as of Mar. 2026, which is 24% above its 10-year median of 29.44. GuruFocus rates TSE:9517 with a GF Score™ of 59/100 and a GF Value™ of 円491.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 391 Utilities - Independent Power Producers companies, eREX Co ranks worse than 75.96% on this metric.
eREX Co's average Accounts Payable for the
three
months ended in Mar. 2026 was 円14,620 Mil. eREX Co's Cost of Goods Sold for the
three
months ended in Mar. 2026 was 円36,525 Mil.
Hence, eREX Co's Days Payable for the
three
months ended in Mar. 2026 was 36.52.
The historical rank and industry rank for eREX Co's Days Payable or its related term are showing as below:
TSE:9517'
s Days Payable Range Over the Past 10 Years
Min: 22.23 Med: 29.44 Max: 39.28
Current: 35.77
During the past 13 years, eREX Co's highest Days Payable was 39.28. The lowest was 22.23. And the median was 29.44.
eREX Co's Days Payable
declined
from Mar. 2025 (37.49) to Mar. 2026 (36.52).
It may suggest that eREX Coaccelerated paying its suppliers.
eREX Co Days Payable Related Terms
eREX Co Days Payable Historical Data
* Premium members only.
The historical data trend for eREX 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.
For the Utilities - Renewable subindustry, eREX 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.
eREX Co Days Payable vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, eREX Co's Days Payable distribution charts can be found below:
* The bar in red indicates where eREX 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.
eREX 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.
eREX Co (TSE:9517) has a Days Payable of 36.52 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 eREX Co and its competitors. This is 24% above median its historical median of 29.44. Over the past decade, eREX Co's Days Payable has ranged from 22.23 to 39.28. According to the industry distribution chart, eREX Co ranks #297 out of 391 companies in the Utilities - Independent Power Producers industry, placing it in the top 76%.
Is eREX Co's Days Payable too high?
eREX Co's current Days Payable of 36.52 is 24% above median its 10-year median of 29.44. Over the past 10 years, this metric has ranged from a low of 22.23 to a high of 39.28. The Utilities - Independent Power Producers industry median Days Payable is 79.51. eREX Co's value of 36.52 is 54.1% below this industry median. Based on the distribution chart, eREX Co ranks #297 out of 391 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, eREX Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does eREX Co's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, eREX Co ranks #297 out of 391 companies for Days Payable. This places eREX Co in the lower half of its industry. The industry median Days Payable is 79.51. eREX Co's value of 36.52 is 54.1% below this benchmark. Historically, eREX Co's own Days Payable has ranged from 22.23 to 39.28 over the past decade. While the company's 10-year median is 29.44 vs. the industry median of 79.51, eREX 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.51, based on 391 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. eREX Co's current Days Payable of 36.52 is 54.1% 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 eREX Co and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eREX Co's current Days Payable is 36.52, which is 24% above median its own 10-year median of 29.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eREX Co stock overvalued right now?
Based on GuruFocus' analysis, eREX Co (TSE:9517) is currently considered Significantly Overvalued. The stock's GF Value™ is 円491.66, compared to a current price of 円811.00 — trading 65% above its estimated fair value. The current Days Payable is 36.52, which is 24% above median its 10-year median of 29.44 and 54.1% below the Utilities - Independent Power Producers industry median of 79.51. eREX Co's overall GF Score™ is 59/100 with 3 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 eREX Co (TSE:9517), the current Days Payable is 36.52 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 eREX Co (TSE:9517) Overvalued in 2026?
Based on GuruFocus' analysis, eREX Co stock appears to be overvalued.
The current stock price of 円811.00 is trading 65% above its estimated GF Value™ of 円491.66.
GuruFocus considers eREX Co to be Significantly Overvalued.
Key valuation signals for TSE:9517:
Days Payable: 36.52 (24% above median its 10-year median of 29.44)
GF Value™: 円491.66 vs. price of 円811.00 (65% above fair value)
Industry Position: 54.1% below the Utilities - Independent Power Producers median (#297 of 391)
No single metric tells the full story. See the TSE:9517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.
59GF Score
Get the complete analysis for TSE:9517
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9517 has been successfully added to your 
