Abco Electronics Co (XKRX:036010) Days Payable : 41.23 (As of Dec. 2023)

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What is Abco Electronics Co Days Payable?

Abco Electronics Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩11,898 Mil. Abco Electronics Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩26,333 Mil. Hence, Abco Electronics Co's Days Payable for the three months ended in Dec. 2023 was 41.23.

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

XKRX:036010' s Days Payable Range Over the Past 10 Years
Min: 11.87 Med: 31.19 Max: 49.76
Current: 44.27

During the past 13 years, Abco Electronics Co's highest Days Payable was 49.76. The lowest was 11.87. And the median was 31.19.

XKRX:036010's Days Payable is ranked worse than
73.7% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs XKRX:036010: 44.27

Abco Electronics Co's Days Payable declined from Dec. 2022 (51.39) to Dec. 2023 (41.23). It may suggest that Abco Electronics Co accelerated paying its suppliers.

Abco Electronics Co Days Payable Historical Data

The historical data trend for Abco Electronics 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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Abco Electronics Co Days Payable Chart

Abco Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.87

17.66

40.24

49.76

43.11

Abco Electronics 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															51.39	46.92	45.64	43.90	41.23

Competitive Comparison of Abco Electronics Co's Days Payable

For the Electronic Components subindustry, Abco Electronics 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.

Abco Electronics Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Abco Electronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Abco Electronics Co's Days Payable falls into.

Abco Electronics 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.

Abco Electronics 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
=	( (16438.831	+	11036.137)	/	2 )	/	116309.047	*	365
=	13737.484					/	116309.047	*	365
=	43.11

Abco Electronics 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
=	( (12760.113	+	11036.137)	/	2 )	/	26333.232	*	365 / 4
=	11898.125					/	26333.232	*	365 / 4
=	41.23

Abco Electronics Co Days Payable Related Terms

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Abco Electronics Co (XKRX:036010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Abco Electronics Co Ltd (XKRX:036010) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5448-4 Sangdaewon-Dong, Jungwon-Gu, Seongnam, Kyeonggi-Do, KOR, 462-120

Website

http://www.abco.co.kr

Abco Electronics Co Ltd operates in the electronic components industry in South Korea. The company is engaged in manufacturing of electronic components like inductors, capacitors, and coils.

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