LG Energy Solution (XKRX:373220) Days Payable : 48.15 (As of Dec. 2023)

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What is LG Energy Solution Days Payable?

LG Energy Solution's average Accounts Payable for the three months ended in Dec. 2023 was ₩3,708,896 Mil. LG Energy Solution's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩7,028,146 Mil. Hence, LG Energy Solution's Days Payable for the three months ended in Dec. 2023 was 48.15.

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

XKRX:373220' s Days Payable Range Over the Past 10 Years
Min: 43.95 Med: 56.98 Max: 764.9
Current: 52.36

During the past 4 years, LG Energy Solution's highest Days Payable was 764.90. The lowest was 43.95. And the median was 56.98.

XKRX:373220's Days Payable is ranked worse than
67.68% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs XKRX:373220: 52.36

LG Energy Solution's Days Payable declined from Dec. 2022 (58.24) to Dec. 2023 (48.15). It may suggest that LG Energy Solution accelerated paying its suppliers.

LG Energy Solution Days Payable Historical Data

The historical data trend for LG Energy Solution'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 Energy Solution Days Payable Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

764.90

62.39

51.56

43.95

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							58.24	54.15	57.66	57.82	48.15

Competitive Comparison of LG Energy Solution's Days Payable

For the Specialty Industrial Machinery subindustry, LG Energy Solution'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 Energy Solution's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where LG Energy Solution's Days Payable falls into.

LG Energy Solution 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 Energy Solution'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
=	( (3841766	+	3093719)	/	2 )	/	28802437	*	365
=	3467742.5					/	28802437	*	365
=	43.95

LG Energy Solution's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4324073	+	3093719)	/	2 )	/	7028146	*	365 / 4
=	3708896					/	7028146	*	365 / 4
=	48.15

LG Energy Solution Days Payable Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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