Model Solution Co (XKRX:417970) Days Payable : 2.58 (As of Mar. 2024)

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What is Model Solution Co Days Payable?

Model Solution Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩348 Mil. Model Solution Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩12,331 Mil. Hence, Model Solution Co's Days Payable for the three months ended in Mar. 2024 was 2.58.

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

XKRX:417970' s Days Payable Range Over the Past 10 Years
Min: 2.59 Med: 10.44 Max: 32.05
Current: 2.59

During the past 12 years, Model Solution Co's highest Days Payable was 32.05. The lowest was 2.59. And the median was 10.44.

XKRX:417970's Days Payable is ranked worse than
99.56% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs XKRX:417970: 2.59

Model Solution Co's Days Payable declined from Mar. 2023 (2.83) to Mar. 2024 (2.58). It may suggest that Model Solution Co accelerated paying its suppliers.

Model Solution Co Days Payable Historical Data

The historical data trend for Model Solution 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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Model Solution Co Days Payable Chart

Model Solution Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.15

3.36

3.99

3.38

2.69

Model Solution Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							2.83	3.02	3.31	2.09	2.58

Competitive Comparison of Model Solution Co's Days Payable

For the Metal Fabrication subindustry, Model Solution 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.

Model Solution Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Model Solution Co's Days Payable distribution charts can be found below:

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

Model Solution 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.

Model Solution 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
=	( (390.747	+	387.818)	/	2 )	/	52900.07	*	365
=	389.2825					/	52900.07	*	365
=	2.69

Model Solution 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
=	( (387.818	+	308.532)	/	2 )	/	12330.771	*	365 / 4
=	348.175					/	12330.771	*	365 / 4
=	2.58

Model Solution Co Days Payable Related Terms

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Model Solution Co (XKRX:417970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Model Solution Co Ltd (XKRX:417970) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24, Cherry Blossom-ro 20-gil, Geumcheon-gu, Seoul, KOR, 08582

Website

https://www.model-solution.com

Model Solution Co Ltd manufactures and supports prototypes of new products that incorporate cutting-edge technologies such as IT devices, electronic products, and medical/healthcare devices through a variety of solutions including rapid prototypes, precision machining, quick-turn tooling and molding.

Model Solution Co (XKRX:417970) Headlines

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