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Heiwa Paper CoTSE:9929 +1.06%70 Days Payable is 117.78 as of Mar. 2026, which is 8% below its 10-year median of 127.54. GuruFocus rates TSE:9929 with a GF Score™ of 70/100 and a GF Value™ of 円437.66 (Fairly Valued). The stock has 4 warning signs investors should review. Among 276 Forest Products companies, Heiwa Paper Co ranks better than 82.25% on this metric.
The historical data trend for Heiwa Paper 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 Paper & Paper Products subindustry, Heiwa Paper 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.
Heiwa Paper Co Days Payable vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Heiwa Paper 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.
Heiwa Paper 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.
Heiwa Paper Co (TSE:9929) has a Days Payable of 117.78 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 Heiwa Paper Co and its competitors. This is near median its historical median of 127.54. Over the past decade, Heiwa Paper Co's Days Payable has ranged from 115.01 to 142.79. According to the industry distribution chart, Heiwa Paper Co ranks #49 out of 276 companies in the Forest Products industry, placing it in the top 17.8%.
Is Heiwa Paper Co's Days Payable too high?
Heiwa Paper Co's current Days Payable of 117.78 is near median its 10-year median of 127.54. Over the past 10 years, this metric has ranged from a low of 115.01 to a high of 142.79. The Forest Products industry median Days Payable is 57.13. Heiwa Paper Co's value of 117.78 is 106.2% above this industry median. Based on the distribution chart, Heiwa Paper Co ranks #49 out of 276 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Heiwa Paper 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 Heiwa Paper Co's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #49 out of 276 companies for Days Payable. This places Heiwa Paper Co in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.13. Heiwa Paper Co's value of 117.78 is 106.2% above this benchmark. Historically, Heiwa Paper Co's own Days Payable has ranged from 115.01 to 142.79 over the past decade. While the company's 10-year median is 127.54 vs. the industry median of 57.13, Heiwa Paper Co has consistently been above 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 Forest Products company?
The median Days Payable among Forest Products companies is 57.13, based on 276 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. Heiwa Paper Co's current Days Payable of 117.78 is 106.2% above 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 Heiwa Paper Co and its competitors. For the Forest Products industry, the median Days Payable is 57.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current Days Payable is 117.78, which is near median its own 10-year median of 127.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.66, compared to a current price of 円477.00 — trading 9% above its estimated fair value. The current Days Payable is 117.78, which is near median its 10-year median of 127.54 and 106.2% above the Forest Products industry median of 57.13. Heiwa Paper Co's overall GF Score™ is 70/100 with 4 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 Heiwa Paper Co (TSE:9929), the current Days Payable is 117.78 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 Heiwa Paper Co (TSE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued.
The current stock price of 円477.00 is trading 9% above its estimated GF Value™ of 円437.66.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
Days Payable: 117.78 (near median its 10-year median of 127.54)
GF Value™: 円437.66 vs. price of 円477.00 (9% above fair value)
Industry Position: 106.2% above the Forest Products median (#49 of 276)
No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
70GF Score
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