Lotte Chemical (XKRX:011170) Days Payable : 25.14 (As of Mar. 2024)

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What is Lotte Chemical Days Payable?

Lotte Chemical's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,354,392 Mil. Lotte Chemical's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩4,916,592 Mil. Hence, Lotte Chemical's Days Payable for the three months ended in Mar. 2024 was 25.14.

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

XKRX:011170' s Days Payable Range Over the Past 10 Years
Min: 24.15 Med: 27.68 Max: 31.69
Current: 27.11

During the past 13 years, Lotte Chemical's highest Days Payable was 31.69. The lowest was 24.15. And the median was 27.68.

XKRX:011170's Days Payable is ranked worse than
83.65% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs XKRX:011170: 27.11

Lotte Chemical's Days Payable declined from Mar. 2023 (29.84) to Mar. 2024 (25.14). It may suggest that Lotte Chemical accelerated paying its suppliers.

Lotte Chemical Days Payable Historical Data

The historical data trend for Lotte Chemical'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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Lotte Chemical Days Payable Chart

Lotte Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.95

29.90

29.53

26.52

27.45

Lotte Chemical 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															29.84	-	-	23.77	25.14

Competitive Comparison of Lotte Chemical's Days Payable

For the Chemicals subindustry, Lotte Chemical'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.

Lotte Chemical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lotte Chemical's Days Payable distribution charts can be found below:

* The bar in red indicates where Lotte Chemical's Days Payable falls into.

Lotte Chemical 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.

Lotte Chemical'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
=	( (1528377.865	+	1354392.004)	/	2 )	/	19165102.991	*	365
=	1441384.9345					/	19165102.991	*	365
=	27.45

Lotte Chemical'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
=	( (1354392.004	+	0)	/	1 )	/	4916591.781	*	365 / 4
=	1354392.004					/	4916591.781	*	365 / 4
=	25.14

Lotte Chemical Days Payable Related Terms

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Lotte Chemical (XKRX:011170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Corp (XKRX:011170) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

300 Olympic-ro, 14th Floor-16th Floor, Lotte World Tower, Songpa-gu, Seoul, KOR

Website

http://www.lottechem.com

Lotte Chemical Corp is one of the largest chemical companies in Asia. It manufactures a variety of chemicals which include polyethylene, polypropylene, functional resin, ethylene oxide/ethylene glycol, butadiene, benzene, and Toluene. Its products are used in various industry applications such as coating materials, automotive parts, and detergent.

Lotte Chemical (XKRX:011170) Headlines

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