Estec (XKRX:069510) Days Payable : 67.80 (As of Mar. 2024)

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What is Estec Days Payable?

Estec's average Accounts Payable for the three months ended in Mar. 2024 was ₩62,518 Mil. Estec's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩84,146 Mil. Hence, Estec's Days Payable for the three months ended in Mar. 2024 was 67.80.

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

XKRX:069510' s Days Payable Range Over the Past 10 Years
Min: 34.42 Med: 42.32 Max: 58.2
Current: 58.2

During the past 13 years, Estec's highest Days Payable was 58.20. The lowest was 34.42. And the median was 42.32.

XKRX:069510's Days Payable is ranked worse than
59.68% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs XKRX:069510: 58.20

Estec's Days Payable increased from Mar. 2023 (53.20) to Mar. 2024 (67.80). It may suggest that Estec delayed paying its suppliers.

Estec Days Payable Historical Data

The historical data trend for Estec'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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Estec Days Payable Chart

Estec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.42

43.89

50.62

42.03

56.22

Estec 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															53.20	-	60.18	55.39	67.80

Competitive Comparison of Estec's Days Payable

For the Consumer Electronics subindustry, Estec'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.

Estec's Days Payable Distribution in the Hardware Industry

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

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

Estec 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.

Estec'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
=	( (45988.967	+	62518.466)	/	2 )	/	352245.661	*	365
=	54253.7165					/	352245.661	*	365
=	56.22

Estec'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
=	( (62518.466	+	0)	/	1 )	/	84146.025	*	365 / 4
=	62518.466					/	84146.025	*	365 / 4
=	67.80

Estec Days Payable Related Terms

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Estec (XKRX:069510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Estec Corp (XKRX:069510) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

85-12,Yusan-dong, Yangsan, Gyeongsangnam-Do, KOR, 626-230

Website

http://www.estec.co.kr

Estec Corp is a South Korean company operating in consumer electronics industry. The products of the company include automotive speaker, TV display, audio speaker, and earphone and headphone.

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