MiraeING Co (XKRX:007120) Days Payable : 0.11 (As of Dec. 2023)

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What is MiraeING Co Days Payable?

MiraeING Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩2 Mil. MiraeING Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩1,348 Mil. Hence, MiraeING Co's Days Payable for the three months ended in Dec. 2023 was 0.11.

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

XKRX:007120' s Days Payable Range Over the Past 10 Years
Min: 1.4 Med: 42.72 Max: 70.86
Current: 6.03

During the past 13 years, MiraeING Co's highest Days Payable was 70.86. The lowest was 1.40. And the median was 42.72.

XKRX:007120's Days Payable is ranked worse than
93.18% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs XKRX:007120: 6.03

MiraeING Co's Days Payable declined from Dec. 2022 (10.07) to Dec. 2023 (0.11). It may suggest that MiraeING Co accelerated paying its suppliers.

MiraeING Co Days Payable Historical Data

The historical data trend for MiraeING 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.

MiraeING Co Days Payable Chart

MiraeING Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.59

42.61

15.19

1.44

1.40

MiraeING Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															10.07	1.80	16.26	14.27	0.11

Competitive Comparison of MiraeING Co's Days Payable

For the Security & Protection Services subindustry, MiraeING 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.

MiraeING Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MiraeING Co's Days Payable distribution charts can be found below:

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

MiraeING 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.

MiraeING 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
=	( (48.928	+	0.36)	/	2 )	/	6411.49	*	365
=	24.644					/	6411.49	*	365
=	1.40

MiraeING Co'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
=	( (2.792	+	0.36)	/	2 )	/	1347.944	*	365 / 4
=	1.576					/	1347.944	*	365 / 4
=	0.11

MiraeING Co Days Payable Related Terms

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MiraeING Co (XKRX:007120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MiraeING Co (XKRX:007120) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

509, Dosan-daero, Gangnam-gu, Seoul, KOR, 135-957

Website

http://www.miraeing.co.kr

MiraeING.Co. operates in the security and protection services industry in South Korea. The company is engaged in the manufacturing of CCTV camera, self-propelled howitzers and offers solutions in the form of SWIFT.

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