Daesung Holdings Co (XKRX:016710) Days Payable : 60.76 (As of Mar. 2024)

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What is Daesung Holdings Co Days Payable?

Daesung Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩266,701 Mil. Daesung Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩400,554 Mil. Hence, Daesung Holdings Co's Days Payable for the three months ended in Mar. 2024 was 60.76.

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

XKRX:016710' s Days Payable Range Over the Past 10 Years
Min: 71.08 Med: 96.79 Max: 108.4
Current: 71.08

During the past 13 years, Daesung Holdings Co's highest Days Payable was 108.40. The lowest was 71.08. And the median was 96.79.

XKRX:016710's Days Payable is ranked better than
52.54% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.38 vs XKRX:016710: 71.08

Daesung Holdings Co's Days Payable declined from Mar. 2023 (66.12) to Mar. 2024 (60.76). It may suggest that Daesung Holdings Co accelerated paying its suppliers.

Daesung Holdings Co Days Payable Historical Data

The historical data trend for Daesung Holdings 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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Daesung Holdings Co Days Payable Chart

Daesung Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.96

97.06

96.62

96.48

108.40

Daesung Holdings 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															66.12	99.05	67.78	53.86	60.76

Competitive Comparison of Daesung Holdings Co's Days Payable

For the Utilities - Regulated Gas subindustry, Daesung Holdings 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.

Daesung Holdings Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Daesung Holdings Co's Days Payable distribution charts can be found below:

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

Daesung Holdings 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.

Daesung Holdings 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
=	( (353971.628	+	274316.222)	/	2 )	/	1057816.886	*	365
=	314143.925					/	1057816.886	*	365
=	108.40

Daesung Holdings 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
=	( (274316.222	+	259086.417)	/	2 )	/	400554.362	*	365 / 4
=	266701.3195					/	400554.362	*	365 / 4
=	60.76

Daesung Holdings Co Days Payable Related Terms

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Daesung Holdings Co (XKRX:016710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Daesung Holdings Co Ltd (XKRX:016710) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2268-1, Namsan-4-dong, Jung-gu, Daegu, KOR, 700-725

Website

http://www.taegugas.co.kr

Daesung Holdings Co Ltd is an energy company which specializes in distributing liquefied natural gas in Daegu area. It also provides pipe installation services. The company supplies gas for commercial, residential, and industrial purposes.

Daesung Holdings Co (XKRX:016710) Headlines

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