LG Innotek Co (XKRX:011070) Days Payable : 54.83 (As of Mar. 2024)

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What is LG Innotek Co Days Payable?

LG Innotek Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩2,352,712 Mil. LG Innotek Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩3,915,234 Mil. Hence, LG Innotek Co's Days Payable for the three months ended in Mar. 2024 was 54.83.

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

XKRX:011070' s Days Payable Range Over the Past 10 Years
Min: 34.78 Med: 39.46 Max: 51.76
Current: 40.75

During the past 13 years, LG Innotek Co's highest Days Payable was 51.76. The lowest was 34.78. And the median was 39.46.

XKRX:011070's Days Payable is ranked worse than
77.44% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs XKRX:011070: 40.75

LG Innotek Co's Days Payable increased from Mar. 2023 (41.87) to Mar. 2024 (54.83). It may suggest that LG Innotek Co delayed paying its suppliers.

LG Innotek Co Days Payable Historical Data

The historical data trend for LG Innotek 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.

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LG Innotek Co Days Payable Chart

LG Innotek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.78

38.03

36.56

37.72

43.68

LG Innotek Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															41.87	35.05	42.86	36.37	54.83

Competitive Comparison of LG Innotek Co's Days Payable

For the Electronic Components subindustry, LG Innotek 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.

LG Innotek Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LG Innotek Co's Days Payable distribution charts can be found below:

* The bar in red indicates where LG Innotek Co's Days Payable falls into.

LG Innotek 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.

LG Innotek Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1992345.933	+	2493726.421)	/	2 )	/	18741974.184	*	365
=	2243036.177					/	18741974.184	*	365
=	43.68

LG Innotek Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2493726.421	+	2211698.316)	/	2 )	/	3915234.019	*	365 / 4
=	2352712.3685					/	3915234.019	*	365 / 4
=	54.83

LG Innotek Co Days Payable Related Terms

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LG Innotek Co (XKRX:011070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Innotek Co Ltd (XKRX:011070) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30, Magokjungang, E1/E3, 10-ro, Gangseo-gu, Seoul, KOR, 07796

Website

http://www.lginnotek.com

LG Innotek Co Ltd is a Korea-based company engaged in the manufacturing of materials and components that focuses on mobile, automotive, LED, display, semiconductor and IoT business fields with its core technologies. The company offers mobile products, including camera modules, wireless power chargers, and optical biosensor modules; and automotive products, such as motors and sensors, connectivity, thermoelectric modules, and LED lighting products. It also provides display products, which include photomasks, power modules, digital tuners, and touch panels; semiconductor products consisting of flip chip scale packages, chip on films, wireless modems, routers, and electronic shelf labels.

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