Solum Co (XKRX:248070) Days Payable : 45.78 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Solum Co Days Payable?

Solum Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩161,075 Mil. Solum Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩321,078 Mil. Hence, Solum Co's Days Payable for the three months ended in Mar. 2024 was 45.78.

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

XKRX:248070' s Days Payable Range Over the Past 10 Years
Min: 42.88 Med: 53.88 Max: 350.71
Current: 42.94

During the past 9 years, Solum Co's highest Days Payable was 350.71. The lowest was 42.88. And the median was 53.88.

XKRX:248070's Days Payable is ranked worse than
74.75% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs XKRX:248070: 42.94

Solum Co's Days Payable increased from Mar. 2023 (42.20) to Mar. 2024 (45.78). It may suggest that Solum Co delayed paying its suppliers.

Solum Co Days Payable Historical Data

The historical data trend for Solum 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.

* Premium members only.

Solum Co Days Payable Chart

Solum Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.55

48.01

53.88

49.09

42.88

Solum 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															42.20	39.45	34.11	50.57	45.78

Competitive Comparison of Solum Co's Days Payable

For the Electronic Components subindustry, Solum 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.

Solum Co's Days Payable Distribution in the Hardware Industry

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

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

Solum 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.

Solum 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
=	( (252289.278	+	132278.62)	/	2 )	/	1636694.889	*	365
=	192283.949					/	1636694.889	*	365
=	42.88

Solum 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
=	( (132278.62	+	189871.564)	/	2 )	/	321078.443	*	365 / 4
=	161075.092					/	321078.443	*	365 / 4
=	45.78

Solum Co Days Payable Related Terms

Thank you for viewing the detailed overview of Solum Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Solum Co (XKRX:248070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solum Co Ltd (XKRX:248070) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4,5,6th Floor, 357, Guseong-ro, Giheung-gu, Gyeonggi-do, Yongin-si, KOR

Website

https://www.solu-m.com

Solum Co Ltd is engaged in providing power modules, digital tuner, and Electronic Shelf Label solutions. The product portfolio of the company includes TV Power Adapter, Server Power, LED Power, Tuner, and Keyco among others.

Solum Co (XKRX:248070) Headlines

No Headlines