Daedong Metals Co (XKRX:020400) Days Payable : 45.52 (As of Mar. 2024)

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What is Daedong Metals Co Days Payable?

Daedong Metals Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩12,468 Mil. Daedong Metals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩24,993 Mil. Hence, Daedong Metals Co's Days Payable for the three months ended in Mar. 2024 was 45.52.

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

XKRX:020400' s Days Payable Range Over the Past 10 Years
Min: 32.18 Med: 41.35 Max: 53.17
Current: 44.65

During the past 13 years, Daedong Metals Co's highest Days Payable was 53.17. The lowest was 32.18. And the median was 41.35.

XKRX:020400's Days Payable is ranked worse than
75.43% of 2922 companies
in the Industrial Products industry
Industry Median: 76.705 vs XKRX:020400: 44.65

Daedong Metals Co's Days Payable declined from Mar. 2023 (48.70) to Mar. 2024 (45.52). It may suggest that Daedong Metals Co accelerated paying its suppliers.

Daedong Metals Co Days Payable Historical Data

The historical data trend for Daedong Metals 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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Daedong Metals Co Days Payable Chart

Daedong Metals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

47.79

53.17

48.89

44.83

42.55

Daedong Metals 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															48.70	-	-	40.78	45.52

Competitive Comparison of Daedong Metals Co's Days Payable

For the Metal Fabrication subindustry, Daedong Metals 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.

Daedong Metals Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Daedong Metals Co's Days Payable falls into.

Daedong Metals 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.

Daedong Metals 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
=	( (16452.531	+	12468.137)	/	2 )	/	124034.656	*	365
=	14460.334					/	124034.656	*	365
=	42.55

Daedong Metals 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
=	( (12468.137	+	0)	/	1 )	/	24993.435	*	365 / 4
=	12468.137					/	24993.435	*	365 / 4
=	45.52

Daedong Metals Co Days Payable Related Terms

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Daedong Metals Co (XKRX:020400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daedong Metals Co Ltd (XKRX:020400) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Nongong-ro, Nongong-eub, Dalsung -gun, Daegu, KOR

Website

http://www.daedongmetals.co.kr

Daedong Metals Co Ltd is engaged in producing and selling casting parts for agricultural machinery, heavy equipment, and automotive markets in South Korea. Its automotive parts include cylinder heads and blocks; agricultural machinery parts comprise cylinder heads and blocks, clutch housings, middle cases, transmission cases, and hydraulic cylinders; and construction equipment parts consist of valve blocks, MCVs, shaft, and valve casings, cylinder blocks, and main and pump cases. The company also offers other parts, such as housings and flywheel housings.

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