Watt Mann Co (TSE:9927) Days Payable: 25.52 (As of Mar. 2026) — 59% Above 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:9927 Watt Mann Co Ltd TSE:9927
67 GF Score
Price 円963.00
GF Value 円867.15
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Watt Mann Co Days Payable?

Watt Mann Co TSE:9927 67 Days Payable is 25.52 as of Mar. 2026, which is 59% above its 10-year median of 16.04. GuruFocus rates TSE:9927 with a GF Score™ of 67/100 and a GF Value™ of 円867.15 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Watt Mann Co ranks worse than 78.62% on this metric.

Watt Mann Co's average Accounts Payable for the six months ended in Mar. 2026 was 円353 Mil. Watt Mann Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円2,527 Mil. Hence, Watt Mann Co's Days Payable for the six months ended in Mar. 2026 was 25.52.

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

TSE:9927' s Days Payable Range Over the Past 10 Years
Min: 2.83   Med: 16.04   Max: 28.29
Current: 26.96

During the past 13 years, Watt Mann Co's highest Days Payable was 28.29. The lowest was 2.83. And the median was 16.04.

TSE:9927's Days Payable is ranked worse than
78.62% of 1099 companies
in the Retail - Cyclical industry
Industry Median: 51.79 vs TSE:9927: 26.96

Watt Mann Co's Days Payable declined from Mar. 2025 (27.34) to Mar. 2026 (25.52). It may suggest that Watt Mann Co accelerated paying its suppliers.


Watt Mann Co Days Payable Historical Data

* Premium members only.

The historical data trend for Watt Mann 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.

Watt Mann Co Days Payable Chart

Watt Mann 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 22.84 28.01 28.29 27.19 26.71

Watt Mann 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 25.52 27.27 27.34 28.73 25.52

TSE:9927 vs CASY, WSM, DKS: Days Payable Comparison

For the Specialty Retail subindustry, Watt Mann 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.


Watt Mann Co Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Watt Mann Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Watt Mann Co's Days Payable falls into.


TSE:9927
67GF Score
Watt Mann Co Ltd TSE:9927
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Watt Mann 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.

Watt Mann 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
=( (379.819 + 337.953) / 2 ) / 4903.902*365
=358.886 / 4903.902*365
=26.71

Watt Mann 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
=( (368.693 + 337.953) / 2 ) / 2526.77*365 / 2
=353.323 / 2526.77*365 / 2
=25.52

* 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 25.52 mean?
Watt Mann Co (TSE:9927) has a Days Payable of 25.52 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 Watt Mann Co and its competitors. This is 59% above median its historical median of 16.04. Over the past decade, Watt Mann Co's Days Payable has ranged from 2.83 to 28.29. According to the industry distribution chart, Watt Mann Co ranks #864 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 78.6%.
Is Watt Mann Co's Days Payable too high?
Watt Mann Co's current Days Payable of 25.52 is 59% above median its 10-year median of 16.04. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 28.29. The Retail - Cyclical industry median Days Payable is 51.79. Watt Mann Co's value of 25.52 is 50.7% below this industry median. Based on the distribution chart, Watt Mann Co ranks #864 out of 1099 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Watt Mann 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 Watt Mann Co's Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Watt Mann Co ranks #864 out of 1099 companies for Days Payable. This places Watt Mann Co in the lower half of its industry. The industry median Days Payable is 51.79. Watt Mann Co's value of 25.52 is 50.7% below this benchmark. Historically, Watt Mann Co's own Days Payable has ranged from 2.83 to 28.29 over the past decade. While the company's 10-year median is 16.04 vs. the industry median of 51.79, Watt Mann 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.79, based on 1,099 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. Watt Mann Co's current Days Payable of 25.52 is 50.7% 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 Watt Mann Co and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watt Mann Co's current Days Payable is 25.52, which is 59% above median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watt Mann Co stock overvalued right now?
Based on GuruFocus' analysis, Watt Mann Co (TSE:9927) is currently considered Modestly Overvalued. The stock's GF Value™ is 円867.15, compared to a current price of 円963.00 — trading 11.1% above its estimated fair value. The current Days Payable is 25.52, which is 59% above median its 10-year median of 16.04 and 50.7% below the Retail - Cyclical industry median of 51.79. Watt Mann Co's overall GF Score™ is 67/100 with 5 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 Watt Mann Co (TSE:9927), the current Days Payable is 25.52 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 Watt Mann Co (TSE:9927) Overvalued in 2026?

Based on GuruFocus' analysis, Watt Mann Co stock appears to be overvalued. The current stock price of 円963.00 is trading 11.1% above its estimated GF Value™ of 円867.15. GuruFocus considers Watt Mann Co to be Modestly Overvalued.

Key valuation signals for TSE:9927:

  • Days Payable: 25.52 (59% above median its 10-year median of 16.04)
  • GF Value™: 円867.15 vs. price of 円963.00 (11.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 50.7% below the Retail - Cyclical median (#864 of 1099)

No single metric tells the full story. See the TSE:9927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Watt Mann Co Business Description

Address 1-27-13, Honcho Tsurugamine, Asahi ku, Kanagawa Prefecture, Yokohama, JPN, 241 0021
Watt Mann Co Ltd is a Japanese company engaged in operating a chain of retail stores offering second-hand products. It is engaged in the sale and purchase of brand products and accessories, furniture, interior products, clothing, sports products CDs, DVDs, videos and game software, among others. The company deals in three product categories, including clothing, consumer electronics and books.
67GF Score

Get the complete analysis for TSE:9927

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

円963.00
Price
円867.15
GF Value