Hankuk Steel Wire Co (XKRX:025550) Days Payable : 22.31 (As of Dec. 2023)

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What is Hankuk Steel Wire Co Days Payable?

Hankuk Steel Wire Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩13,835 Mil. Hankuk Steel Wire Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩56,590 Mil. Hence, Hankuk Steel Wire Co's Days Payable for the three months ended in Dec. 2023 was 22.31.

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

XKRX:025550' s Days Payable Range Over the Past 10 Years
Min: 15.64 Med: 22.04 Max: 29.34
Current: 26.08

During the past 13 years, Hankuk Steel Wire Co's highest Days Payable was 29.34. The lowest was 15.64. And the median was 22.04.

XKRX:025550's Days Payable is ranked worse than
71.26% of 588 companies
in the Steel industry
Industry Median: 41.41 vs XKRX:025550: 26.08

Hankuk Steel Wire Co's Days Payable declined from Dec. 2022 (28.28) to Dec. 2023 (22.31). It may suggest that Hankuk Steel Wire Co accelerated paying its suppliers.

Hankuk Steel Wire Co Days Payable Historical Data

The historical data trend for Hankuk Steel Wire 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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Hankuk Steel Wire Co Days Payable Chart

Hankuk Steel Wire Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.81

18.66

25.41

28.54

28.34

Hankuk Steel Wire 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															28.28	29.25	25.75	24.89	22.31

Competitive Comparison of Hankuk Steel Wire Co's Days Payable

For the Steel subindustry, Hankuk Steel Wire 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.

Hankuk Steel Wire Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hankuk Steel Wire Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hankuk Steel Wire Co's Days Payable falls into.

Hankuk Steel Wire 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.

Hankuk Steel Wire 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
=	( (18756.685	+	15724.322)	/	2 )	/	222008.939	*	365
=	17240.5035					/	222008.939	*	365
=	28.34

Hankuk Steel Wire 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
=	( (11945.568	+	15724.322)	/	2 )	/	56589.921	*	365 / 4
=	13834.945					/	56589.921	*	365 / 4
=	22.31

Hankuk Steel Wire Co Days Payable Related Terms

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Hankuk Steel Wire Co (XKRX:025550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hankuk Steel Wire Co Ltd (XKRX:025550) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

27 Hasinbeonyeongo, Saha-gu, Busan, KOR, 604-032

Website

http://www.ehansun.co.kr

Hankuk Steel Wire Co Ltd is a South Korean company engaged in manufacturing of steel wires and cables.

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