Dong Yang Steel Pipe Co (XKRX:008970) Days Payable : 30.55 (As of Dec. 2023)

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What is Dong Yang Steel Pipe Co Days Payable?

Dong Yang Steel Pipe Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩30,106 Mil. Dong Yang Steel Pipe Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩89,914 Mil. Hence, Dong Yang Steel Pipe Co's Days Payable for the three months ended in Dec. 2023 was 30.55.

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

XKRX:008970' s Days Payable Range Over the Past 10 Years
Min: 34.07 Med: 48.79 Max: 66.76
Current: 35.14

During the past 13 years, Dong Yang Steel Pipe Co's highest Days Payable was 66.76. The lowest was 34.07. And the median was 48.79.

XKRX:008970's Days Payable is ranked worse than
56.12% of 588 companies
in the Steel industry
Industry Median: 41.41 vs XKRX:008970: 35.14

Dong Yang Steel Pipe Co's Days Payable declined from Dec. 2022 (36.43) to Dec. 2023 (30.55). It may suggest that Dong Yang Steel Pipe Co accelerated paying its suppliers.

Dong Yang Steel Pipe Co Days Payable Historical Data

The historical data trend for Dong Yang Steel Pipe 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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Dong Yang Steel Pipe Co Days Payable Chart

Dong Yang Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.78

38.78

38.79

34.07

42.33

Dong Yang Steel Pipe 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															36.43	34.18	30.19	40.87	30.55

Competitive Comparison of Dong Yang Steel Pipe Co's Days Payable

For the Steel subindustry, Dong Yang Steel Pipe 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.

Dong Yang Steel Pipe Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dong Yang Steel Pipe Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dong Yang Steel Pipe Co's Days Payable falls into.

Dong Yang Steel Pipe 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.

Dong Yang Steel Pipe 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
=	( (22984.662	+	37595.587)	/	2 )	/	261200.377	*	365
=	30290.1245					/	261200.377	*	365
=	42.33

Dong Yang Steel Pipe 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
=	( (22615.648	+	37595.587)	/	2 )	/	89913.51	*	365 / 4
=	30105.6175					/	89913.51	*	365 / 4
=	30.55

Dong Yang Steel Pipe Co Days Payable Related Terms

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Dong Yang Steel Pipe Co (XKRX:008970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dong Yang Steel Pipe Co Ltd (XKRX:008970) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

57, Namgwan-ri, Pungse-myeon, Dongnam-gu, Cheonan-si, Chungcheongnam-do, KOR, 330-911

Website

http://www.dysp.co.kr

Dong Yang Steel Pipe Co Ltd is a manufacturer of steel pipes. The company's main products include: polyethylene/ FBE coated steel pipe, polyurea coated steel pipes for water services, steel pipes piles and steel pipes for oil and gas transport.

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