Hokuriku Gas Co (TSE:9537) Days Payable: 26.28 (As of Mar. 2026) — 31% Below Median

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TSE:9537 Hokuriku Gas Co Ltd TSE:9537
67 GF Score
Price 円4,280.00
GF Value 円3,701.52
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Hokuriku Gas Co Days Payable?

Hokuriku Gas Co TSE:9537 -1.15% 67 Days Payable is 26.28 as of Mar. 2026, which is 31% below its 10-year median of 38.01. GuruFocus rates TSE:9537 with a GF Score™ of 67/100 and a GF Value™ of 円3,701.52 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 482 Utilities - Regulated companies, Hokuriku Gas Co ranks worse than 81.54% on this metric.

Hokuriku Gas Co's average Accounts Payable for the six months ended in Mar. 2026 was 円3,371 Mil. Hokuriku Gas Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円23,405 Mil. Hence, Hokuriku Gas Co's Days Payable for the six months ended in Mar. 2026 was 26.28.

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

TSE:9537' s Days Payable Range Over the Past 10 Years
Min: 33.26   Med: 38.01   Max: 43.01
Current: 33.26

During the past 13 years, Hokuriku Gas Co's highest Days Payable was 43.01. The lowest was 33.26. And the median was 38.01.

TSE:9537's Days Payable is ranked worse than
81.54% of 482 companies
in the Utilities - Regulated industry
Industry Median: 70.105 vs TSE:9537: 33.26

Hokuriku Gas Co's Days Payable increased from Mar. 2025 (26.13) to Mar. 2026 (26.28). It may suggest that Hokuriku Gas Co delayed paying its suppliers.


Hokuriku Gas Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hokuriku 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.

Hokuriku Gas Co Days Payable Chart

Hokuriku Gas 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 39.63 34.05 43.01 40.60 38.05

Hokuriku Gas Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 26.73 44.19 26.13 37.59 26.28

TSE:9537 vs ATO, NI, UGI: Days Payable Comparison

For the Utilities - Regulated Gas subindustry, Hokuriku 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.


Hokuriku Gas Co Days Payable vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hokuriku Gas Co's Days Payable falls into.


TSE:9537
67GF Score
Hokuriku Gas Co Ltd TSE:9537
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokuriku Gas 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.

Hokuriku Gas 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
=( (4017.555 + 4187.854) / 2 ) / 39355.461*365
=4102.7045 / 39355.461*365
=38.05

Hokuriku Gas 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2553.25 + 4187.854) / 2 ) / 23405.141*365 / 2
=3370.552 / 23405.141*365 / 2
=26.28

* 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 26.28 mean?
Hokuriku Gas Co (TSE:9537) has a Days Payable of 26.28 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 Hokuriku Gas Co and its competitors. This is 31% below median its historical median of 38.01. Over the past decade, Hokuriku Gas Co's Days Payable has ranged from 33.26 to 43.01. According to the industry distribution chart, Hokuriku Gas Co ranks #393 out of 482 companies in the Utilities - Regulated industry, placing it in the top 81.5%.
Is Hokuriku Gas Co's Days Payable too high?
Hokuriku Gas Co's current Days Payable of 26.28 is 31% below median its 10-year median of 38.01. Over the past 10 years, this metric has ranged from a low of 33.26 to a high of 43.01. The Utilities - Regulated industry median Days Payable is 70.11. Hokuriku Gas Co's value of 26.28 is 62.5% below this industry median. Based on the distribution chart, Hokuriku Gas Co ranks #393 out of 482 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hokuriku Gas Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Gas Co's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokuriku Gas Co ranks #393 out of 482 companies for Days Payable. This places Hokuriku Gas Co in the lower half of its industry. The industry median Days Payable is 70.11. Hokuriku Gas Co's value of 26.28 is 62.5% below this benchmark. Historically, Hokuriku Gas Co's own Days Payable has ranged from 33.26 to 43.01 over the past decade. While the company's 10-year median is 38.01 vs. the industry median of 70.11, Hokuriku 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. Hokuriku Gas Co's current Days Payable of 26.28 is 62.5% 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 Hokuriku 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. Hokuriku Gas Co's current Days Payable is 26.28, which is 31% below median its own 10-year median of 38.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Gas Co (TSE:9537) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,701.52, compared to a current price of 円4,280.00 — trading 15.6% above its estimated fair value. The current Days Payable is 26.28, which is 31% below median its 10-year median of 38.01 and 62.5% below the Utilities - Regulated industry median of 70.11. Hokuriku Gas Co's overall GF Score™ is 67/100 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 Hokuriku Gas Co (TSE:9537), the current Days Payable is 26.28 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 Hokuriku Gas Co (TSE:9537) Overvalued in 2026?

Based on GuruFocus' analysis, Hokuriku Gas Co stock appears to be overvalued. The current stock price of 円4,280.00 is trading 15.6% above its estimated GF Value™ of 円3,701.52. GuruFocus considers Hokuriku Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9537:

  • Days Payable: 26.28 (31% below median its 10-year median of 38.01)
  • GF Value™: 円3,701.52 vs. price of 円4,280.00 (15.6% above fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 62.5% below the Utilities - Regulated median (#393 of 482)

No single metric tells the full story. See the TSE:9537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokuriku Gas Co Business Description

Address Hokuriku Building, 2-23 Higashi-Odori 1-chome, Chuo-ku, Niigata City, JPN, 950-8748
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas and gas-related equipment. It is involved in the manufacture, supply, and sale of city gas, as well as the operation of gas works and the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
67GF Score

Get the complete analysis for TSE:9537

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

円4,280.00
Price
円3,701.52
GF Value