Solus Advanced Materials (XKRX:336370) Days Payable : 37.96 (As of Mar. 2024)

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What is Solus Advanced Materials Days Payable?

Solus Advanced Materials's average Accounts Payable for the three months ended in Mar. 2024 was ₩46,078 Mil. Solus Advanced Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩110,766 Mil. Hence, Solus Advanced Materials's Days Payable for the three months ended in Mar. 2024 was 37.96.

The historical rank and industry rank for Solus Advanced Materials's Days Payable or its related term are showing as below:

XKRX:336370' s Days Payable Range Over the Past 10 Years
Min: 40.96 Med: 78.14 Max: 293.31
Current: 40.96

During the past 5 years, Solus Advanced Materials's highest Days Payable was 293.31. The lowest was 40.96. And the median was 78.14.

XKRX:336370's Days Payable is ranked worse than
77.16% of 2421 companies
in the Hardware industry
Industry Median: 67.64 vs XKRX:336370: 40.96

Solus Advanced Materials's Days Payable declined from Mar. 2023 (45.97) to Mar. 2024 (37.96). It may suggest that Solus Advanced Materials accelerated paying its suppliers.

Solus Advanced Materials Days Payable Historical Data

The historical data trend for Solus Advanced Materials'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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Solus Advanced Materials Days Payable Chart

Solus Advanced Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

293.31

83.53

78.14

65.65

47.18

Solus Advanced Materials Quarterly Data
	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												45.97	38.93	32.59	41.81	37.96

Competitive Comparison of Solus Advanced Materials's Days Payable

For the Electronic Components subindustry, Solus Advanced Materials'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.

Solus Advanced Materials's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solus Advanced Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where Solus Advanced Materials's Days Payable falls into.

Solus Advanced Materials 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.

Solus Advanced Materials'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
=	( (60481.885	+	46078.308)	/	2 )	/	412184.474	*	365
=	53280.0965					/	412184.474	*	365
=	47.18

Solus Advanced Materials'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
=	( (46078.308	+	0)	/	1 )	/	110766.178	*	365 / 4
=	46078.308					/	110766.178	*	365 / 4
=	37.96

Solus Advanced Materials Days Payable Related Terms

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Solus Advanced Materials (XKRX:336370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solus Advanced Materials (XKRX:336370) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

33637L.PFD:Korea 33637K:Korea

Address

15, Jong-ro 33-gil, Jongno-gu, 6th Floor, Yeoungang B/D, Seoul, KOR, 03129

Website

https://www.solusadvancedmaterials.com

Solus Advanced Materials is a South Korea based company engaged in providing the copper foil for electronic devices. It also provides Battery copper foil for EV batteries, Electro Materials for mobile and TV and Natural materials for cosmeceutical, pharmaceutical and nutraceutical industries.

Solus Advanced Materials (XKRX:336370) Headlines

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