Oriental Precision & Engineering Co (XKRX:014940) Days Payable : 28.55 (As of Dec. 2023)

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What is Oriental Precision & Engineering Co Days Payable?

Oriental Precision & Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩12,016 Mil. Oriental Precision & Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩38,407 Mil. Hence, Oriental Precision & Engineering Co's Days Payable for the three months ended in Dec. 2023 was 28.55.

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

XKRX:014940' s Days Payable Range Over the Past 10 Years
Min: 30.22 Med: 57.49 Max: 106.32
Current: 30.22

During the past 13 years, Oriental Precision & Engineering Co's highest Days Payable was 106.32. The lowest was 30.22. And the median was 57.49.

XKRX:014940's Days Payable is ranked worse than
90.6% of 298 companies
in the Aerospace & Defense industry
Industry Median: 78.04 vs XKRX:014940: 30.22

Oriental Precision & Engineering Co's Days Payable declined from Dec. 2022 (32.37) to Dec. 2023 (28.55). It may suggest that Oriental Precision & Engineering Co accelerated paying its suppliers.

Oriental Precision & Engineering Co Days Payable Historical Data

The historical data trend for Oriental Precision & Engineering 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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Oriental Precision & Engineering Co Days Payable Chart

Oriental Precision & Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

49.38

43.21

48.19

32.47

30.22

Oriental Precision & Engineering 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															32.37	33.47	-	-	28.55

Competitive Comparison of Oriental Precision & Engineering Co's Days Payable

For the Aerospace & Defense subindustry, Oriental Precision & Engineering 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.

Oriental Precision & Engineering Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Oriental Precision & Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Oriental Precision & Engineering Co's Days Payable falls into.

Oriental Precision & Engineering 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.

Oriental Precision & Engineering 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
=	( (10315.479	+	12015.722)	/	2 )	/	134841.045	*	365
=	11165.6005					/	134841.045	*	365
=	30.22

Oriental Precision & Engineering 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
=	( (0	+	12015.722)	/	1 )	/	38407.044	*	365 / 4
=	12015.722					/	38407.044	*	365 / 4
=	28.55

Oriental Precision & Engineering Co Days Payable Related Terms

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Oriental Precision & Engineering Co (XKRX:014940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Oriental Precision & Engineering Co Ltd (XKRX:014940) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1614-1 Songjeong-dong, Gangseo-gu, Busan, KOR

Website

http://eng.opco.co.kr

Oriental Precision & Engineering Co Ltd engages in the manufacture machineries and equipment for ships. It products include lifting appliances, engine room crane,engine room casings, funnels, and hull blocks; and machineries, such as deck, hose handling, provision, knuckle, electric slewing, monorail, offshore, jib, and gantry cranes, life saving appliances, deck machinery, deck house, engine room casing, funnel, and living quarter.

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