CU MEDICAL SYSTEMS (XKRX:115480) Days Payable : 19.91 (As of Mar. 2024)

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What is CU MEDICAL SYSTEMS Days Payable?

CU MEDICAL SYSTEMS's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,257 Mil. CU MEDICAL SYSTEMS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩5,762 Mil. Hence, CU MEDICAL SYSTEMS's Days Payable for the three months ended in Mar. 2024 was 19.91.

The historical rank and industry rank for CU MEDICAL SYSTEMS's Days Payable or its related term are showing as below:

XKRX:115480' s Days Payable Range Over the Past 10 Years
Min: 5.8 Med: 21.29 Max: 92.85
Current: 23.12

During the past 13 years, CU MEDICAL SYSTEMS's highest Days Payable was 92.85. The lowest was 5.80. And the median was 21.29.

XKRX:115480's Days Payable is ranked worse than
90.71% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs XKRX:115480: 23.12

CU MEDICAL SYSTEMS's Days Payable declined from Mar. 2023 (25.57) to Mar. 2024 (19.91). It may suggest that CU MEDICAL SYSTEMS accelerated paying its suppliers.

CU MEDICAL SYSTEMS Days Payable Historical Data

The historical data trend for CU MEDICAL SYSTEMS'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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CU MEDICAL SYSTEMS Days Payable Chart

CU MEDICAL SYSTEMS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.85

49.37

20.38

26.42

23.72

CU MEDICAL SYSTEMS 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															25.57	18.65	27.93	24.36	19.91

Competitive Comparison of CU MEDICAL SYSTEMS's Days Payable

For the Medical Devices subindustry, CU MEDICAL SYSTEMS'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.

CU MEDICAL SYSTEMS's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CU MEDICAL SYSTEMS's Days Payable distribution charts can be found below:

* The bar in red indicates where CU MEDICAL SYSTEMS's Days Payable falls into.

CU MEDICAL SYSTEMS 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.

CU MEDICAL SYSTEMS'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
=	( (1833.402	+	948.442)	/	2 )	/	21400.429	*	365
=	1390.922					/	21400.429	*	365
=	23.72

CU MEDICAL SYSTEMS'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
=	( (948.442	+	1565.894)	/	2 )	/	5761.833	*	365 / 4
=	1257.168					/	5761.833	*	365 / 4
=	19.91

CU MEDICAL SYSTEMS Days Payable Related Terms

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CU MEDICAL SYSTEMS (XKRX:115480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CU MEDICAL SYSTEMS Inc (XKRX:115480) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

130-1, Dongwhagongdan-ro, Munmak-eup, Wonju, KOR

Website

http://www.cu911.com

CU MEDICAL SYSTEMS Inc is a South Korea based medical device manufacturing company. It manufactures medical equipment such as a defibrillator. The company exports to the U.S. and Africa. Company's products include Health Guardian CU-EL1S, i-PAD NF1200, NOVASTIM CU-FS1, AED Trainer.

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