Asiana Airlines (XKRX:020560) Days Payable : 8.79 (As of Mar. 2024)

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What is Asiana Airlines Days Payable?

Asiana Airlines's average Accounts Payable for the three months ended in Mar. 2024 was ₩171,860 Mil. Asiana Airlines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,783,759 Mil. Hence, Asiana Airlines's Days Payable for the three months ended in Mar. 2024 was 8.79.

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

XKRX:020560' s Days Payable Range Over the Past 10 Years
Min: 7.3 Med: 8.61 Max: 11.38
Current: 8.9

During the past 13 years, Asiana Airlines's highest Days Payable was 11.38. The lowest was 7.30. And the median was 8.61.

XKRX:020560's Days Payable is ranked worse than
94.87% of 936 companies
in the Transportation industry
Industry Median: 38.84 vs XKRX:020560: 8.90

Asiana Airlines's Days Payable increased from Mar. 2023 (7.96) to Mar. 2024 (8.79). It may suggest that Asiana Airlines delayed paying its suppliers.

Asiana Airlines Days Payable Historical Data

The historical data trend for Asiana Airlines'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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Asiana Airlines Days Payable Chart

Asiana Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.82

11.04

7.30

7.31

8.40

Asiana Airlines 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															7.96	8.21	9.56	9.71	8.79

Competitive Comparison of Asiana Airlines's Days Payable

For the Airlines subindustry, Asiana Airlines'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.

Asiana Airlines's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Asiana Airlines's Days Payable distribution charts can be found below:

* The bar in red indicates where Asiana Airlines's Days Payable falls into.

Asiana Airlines 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.

Asiana Airlines'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
=	( (117722.745	+	177012.976)	/	2 )	/	6401772.339	*	365
=	147367.8605					/	6401772.339	*	365
=	8.40

Asiana Airlines'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
=	( (177012.976	+	166706.832)	/	2 )	/	1783758.64	*	365 / 4
=	171859.904					/	1783758.64	*	365 / 4
=	8.79

Asiana Airlines Days Payable Related Terms

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Asiana Airlines (XKRX:020560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asiana Airlines Inc (XKRX:020560) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731

Website

http://www.flyasiana.com

Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

Asiana Airlines (XKRX:020560) Headlines

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