Nikken Kogaku Co (TSE:9767) Days Payable: 48.43 (As of Mar. 2026) — 63% Below Median


TSE:9767 Nikken Kogaku Co Ltd TSE:9767
70 GF Score
Price 円1,451.00
GF Value 円1,573.15
Valuation Fairly Valued
! 2 Warning Signs
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What is Nikken Kogaku Co Days Payable?

Nikken Kogaku Co TSE:9767 -2.68% 70 Days Payable is 48.43 as of Mar. 2026, which is 63% below its 10-year median of 130.38. GuruFocus rates TSE:9767 with a GF Score™ of 70/100 and a GF Value™ of 円1,573.15 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,709 Construction companies, Nikken Kogaku Co ranks worse than 59.33% on this metric.

Nikken Kogaku Co's average Accounts Payable for the six months ended in Mar. 2026 was 円662 Mil. Nikken Kogaku Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円2,493 Mil. Hence, Nikken Kogaku Co's Days Payable for the six months ended in Mar. 2026 was 48.43.

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

TSE:9767' s Days Payable Range Over the Past 10 Years
Min: 61.87   Med: 130.38   Max: 149.16
Current: 62.87

During the past 13 years, Nikken Kogaku Co's highest Days Payable was 149.16. The lowest was 61.87. And the median was 130.38.

TSE:9767's Days Payable is ranked worse than
59.33% of 1709 companies
in the Construction industry
Industry Median: 76.67 vs TSE:9767: 62.87

Nikken Kogaku Co's Days Payable declined from Mar. 2025 (74.58) to Mar. 2026 (48.43). It may suggest that Nikken Kogaku Co accelerated paying its suppliers.


Nikken Kogaku Co Days Payable Historical Data

* Premium members only.

The historical data trend for Nikken Kogaku 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.

Nikken Kogaku Co Days Payable Chart

Nikken Kogaku 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 134.83 141.23 124.51 125.93 61.87

Nikken Kogaku 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 109.63 154.81 74.58 82.60 48.43

TSE:9767 vs TT, JCI, CARR: Days Payable Comparison

For the Building Products & Equipment subindustry, Nikken Kogaku 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.


Nikken Kogaku Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Nikken Kogaku Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nikken Kogaku Co's Days Payable falls into.


TSE:9767
70GF Score
Nikken Kogaku Co Ltd TSE:9767
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikken Kogaku 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.

Nikken Kogaku 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
=( (965.886 + 535.974) / 2 ) / 4430.066*365
=750.93 / 4430.066*365
=61.87

Nikken Kogaku 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
=( (787.316 + 535.974) / 2 ) / 2493.383*365 / 2
=661.645 / 2493.383*365 / 2
=48.43

* 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 48.43 mean?
Nikken Kogaku Co (TSE:9767) has a Days Payable of 48.43 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 Nikken Kogaku Co and its competitors. This is 63% below median its historical median of 130.38. Over the past decade, Nikken Kogaku Co's Days Payable has ranged from 61.87 to 149.16. According to the industry distribution chart, Nikken Kogaku Co ranks #1014 out of 1709 companies in the Construction industry, placing it in the top 59.3%.
Is Nikken Kogaku Co's Days Payable too high?
Nikken Kogaku Co's current Days Payable of 48.43 is 63% below median its 10-year median of 130.38. Over the past 10 years, this metric has ranged from a low of 61.87 to a high of 149.16. The Construction industry median Days Payable is 76.67. Nikken Kogaku Co's value of 48.43 is 36.8% below this industry median. Based on the distribution chart, Nikken Kogaku Co ranks #1014 out of 1709 companies in the Construction industry, which is below the industry midpoint. Overall, Nikken Kogaku Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's Days Payable compare to TT and JCI?
According to the Construction industry distribution chart, Nikken Kogaku Co ranks #1014 out of 1709 companies for Days Payable. This places Nikken Kogaku Co in the lower half of its industry. The industry median Days Payable is 76.67. Nikken Kogaku Co's value of 48.43 is 36.8% below this benchmark. Historically, Nikken Kogaku Co's own Days Payable has ranged from 61.87 to 149.16 over the past decade. While the company's 10-year median is 130.38 vs. the industry median of 76.67, Nikken Kogaku 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 Construction company?
The median Days Payable among Construction companies is 76.67, based on 1,709 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. Nikken Kogaku Co's current Days Payable of 48.43 is 36.8% 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 Nikken Kogaku Co and its competitors. For the Construction industry, the median Days Payable is 76.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikken Kogaku Co's current Days Payable is 48.43, which is 63% below median its own 10-year median of 130.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,573.15, compared to a current price of 円1,451.00 — trading 7.8% below its estimated fair value. The current Days Payable is 48.43, which is 63% below median its 10-year median of 130.38 and 36.8% below the Construction industry median of 76.67. Nikken Kogaku Co's overall GF Score™ is 70/100 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 Nikken Kogaku Co (TSE:9767), the current Days Payable is 48.43 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?

Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be undervalued. The current stock price of 円1,451.00 is trading 7.8% below its estimated GF Value™ of 円1,573.15. GuruFocus considers Nikken Kogaku Co to be Fairly Valued.

Key valuation signals for TSE:9767:

  • Days Payable: 48.43 (63% below median its 10-year median of 130.38)
  • GF Value™: 円1,573.15 vs. price of 円1,451.00 (7.8% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 36.8% below the Construction median (#1014 of 1709)

No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikken Kogaku Co Business Description

Address 17th Floor, Nittochi Nishishinjuku Building, 6-10-1 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
70GF Score

Get the complete analysis for TSE:9767

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

円1,451.00
Price
円1,573.15
GF Value