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.
Hokkaido Gas CoTSE:9534 +0.26%74 Days Payable is 11.98 as of Mar. 2026, which is 51% below its 10-year median of 24.46. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 482 Utilities - Regulated companies, Hokkaido Gas Co ranks worse than 95.64% on this metric.
The historical rank and industry rank for Hokkaido Gas Co's Days Payable or its related term are showing as below:
TSE:9534'
s Days Payable Range Over the Past 10 Years
Min: 11.67 Med: 24.46 Max: 36.97
Current: 15.63
During the past 13 years, Hokkaido Gas Co's highest Days Payable was 36.97. The lowest was 11.67. And the median was 24.46.
TSE:9534's Days Payable is ranked worse than 95.64% of 482
companies
in the Utilities - Regulated industry
Industry Median: 70.105
vs TSE:9534: 15.63
Hokkaido Gas Co's Days Payable
declined
from Mar. 2025 (16.32) to Mar. 2026 (11.98).
It may suggest that Hokkaido Gas Coaccelerated paying its suppliers.
Hokkaido Gas Co Days Payable Related Terms
Hokkaido Gas Co Days Payable Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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 - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co Days Payable vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas 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.
Hokkaido Gas 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.
Hokkaido Gas Co (TSE:9534) has a Days Payable of 11.98 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 Hokkaido Gas Co and its competitors. This is 51% below median its historical median of 24.46. Over the past decade, Hokkaido Gas Co's Days Payable has ranged from 11.67 to 36.97. According to the industry distribution chart, Hokkaido Gas Co ranks #461 out of 482 companies in the Utilities - Regulated industry, placing it in the top 95.6%.
Is Hokkaido Gas Co's Days Payable too high?
Hokkaido Gas Co's current Days Payable of 11.98 is 51% below median its 10-year median of 24.46. Over the past 10 years, this metric has ranged from a low of 11.67 to a high of 36.97. The Utilities - Regulated industry median Days Payable is 70.11. Hokkaido Gas Co's value of 11.98 is 82.9% below this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #461 out of 482 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #461 out of 482 companies for Days Payable. This places Hokkaido Gas Co in the lower half of its industry. The industry median Days Payable is 70.11. Hokkaido Gas Co's value of 11.98 is 82.9% below this benchmark. Historically, Hokkaido Gas Co's own Days Payable has ranged from 11.67 to 36.97 over the past decade. While the company's 10-year median is 24.46 vs. the industry median of 70.11, Hokkaido Gas 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 - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.11, based on 482 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. Hokkaido Gas Co's current Days Payable of 11.98 is 82.9% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current Days Payable is 11.98, which is 51% below median its own 10-year median of 24.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current Days Payable is 11.98, which is 51% below median its 10-year median of 24.46 and 82.9% below the Utilities - Regulated industry median of 70.11. Hokkaido Gas Co's overall GF Score™ is 74/100 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 Hokkaido Gas Co (TSE:9534), the current Days Payable is 11.98 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
Days Payable: 11.98 (51% below median its 10-year median of 24.46)
GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
Industry Position: 82.9% below the Utilities - Regulated median (#461 of 482)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score
Get the complete analysis for TSE:9534
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:9534 has been successfully added to your 
