Hwacheon Machinery Co (XKRX:010660) Days Payable : 43.72 (As of Mar. 2024)

View and export this data going back to 1988. Start your Free Trial

What is Hwacheon Machinery Co Days Payable?

Hwacheon Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩19,979 Mil. Hwacheon Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩41,703 Mil. Hence, Hwacheon Machinery Co's Days Payable for the three months ended in Mar. 2024 was 43.72.

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

XKRX:010660' s Days Payable Range Over the Past 10 Years
Min: 39.5 Med: 51.03 Max: 52.91
Current: 44.64

During the past 13 years, Hwacheon Machinery Co's highest Days Payable was 52.91. The lowest was 39.50. And the median was 51.03.

XKRX:010660's Days Payable is ranked worse than
75.33% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs XKRX:010660: 44.64

Hwacheon Machinery Co's Days Payable declined from Mar. 2023 (57.18) to Mar. 2024 (43.72). It may suggest that Hwacheon Machinery Co accelerated paying its suppliers.

Hwacheon Machinery Co Days Payable Historical Data

The historical data trend for Hwacheon Machinery 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.

Hwacheon Machinery Co Days Payable Chart

Hwacheon Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.53

50.57

39.50

46.40

52.91

Hwacheon Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	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															57.18	46.83	47.85	36.88	43.72

Competitive Comparison of Hwacheon Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Hwacheon Machinery 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.

Hwacheon Machinery Co's Days Payable Distribution in the Industrial Products Industry

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

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

Hwacheon Machinery 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.

Hwacheon Machinery 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
=	( (24303.461	+	18479.741)	/	2 )	/	147571.75	*	365
=	21391.601					/	147571.75	*	365
=	52.91

Hwacheon Machinery 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
=	( (18479.741	+	21478.99)	/	2 )	/	41703.105	*	365 / 4
=	19979.3655					/	41703.105	*	365 / 4
=	43.72

Hwacheon Machinery Co Days Payable Related Terms

Thank you for viewing the detailed overview of Hwacheon Machinery Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hwacheon Machinery Co (XKRX:010660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hwacheon Machinery Co Ltd (XKRX:010660) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1022-7, Bangbae-dong, Seocho-Ku, Seoul, KOR

Website

http://www.hwacheon.co.kr

Hwacheon Machinery Co Ltd is a South Korea-based company engaged in the manufacturing and distribution of machine tools. Its products consist of machine centers, including vertical, horizontal and multi-tasking machine centers; computer numerical control (CNC) turning centers, including vertical, horizontal, twin-spindle and process-integrated turning centers; general and special purpose machines, including lathes, milling machines, grinding machines and drilling machines, and automobile parts, such as engine parts, cylinder blocks, cylinder heads and crankshafts.

Hwacheon Machinery Co (XKRX:010660) Headlines

No Headlines