CHOSUN WELDING POHANG Co (XKRX:120030) Days Payable : 26.07 (As of Mar. 2024)

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What is CHOSUN WELDING POHANG Co Days Payable?

CHOSUN WELDING POHANG Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩2,293 Mil. CHOSUN WELDING POHANG Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩8,027 Mil. Hence, CHOSUN WELDING POHANG Co's Days Payable for the three months ended in Mar. 2024 was 26.07.

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

XKRX:120030' s Days Payable Range Over the Past 10 Years
Min: 21.31 Med: 29.28 Max: 42.11
Current: 26.19

During the past 13 years, CHOSUN WELDING POHANG Co's highest Days Payable was 42.11. The lowest was 21.31. And the median was 29.28.

XKRX:120030's Days Payable is ranked worse than
91.72% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs XKRX:120030: 26.19

CHOSUN WELDING POHANG Co's Days Payable increased from Mar. 2023 (24.81) to Mar. 2024 (26.07). It may suggest that CHOSUN WELDING POHANG Co delayed paying its suppliers.

CHOSUN WELDING POHANG Co Days Payable Historical Data

The historical data trend for CHOSUN WELDING POHANG 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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CHOSUN WELDING POHANG Co Days Payable Chart

CHOSUN WELDING POHANG Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.33

27.91

26.00

24.49

21.31

CHOSUN WELDING POHANG 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															24.81	27.05	31.48	24.04	26.07

Competitive Comparison of CHOSUN WELDING POHANG Co's Days Payable

For the Tools & Accessories subindustry, CHOSUN WELDING POHANG 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.

CHOSUN WELDING POHANG Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where CHOSUN WELDING POHANG Co's Days Payable falls into.

CHOSUN WELDING POHANG 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.

CHOSUN WELDING POHANG 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
=	( (2984.477	+	2815.336)	/	2 )	/	49676.405	*	365
=	2899.9065					/	49676.405	*	365
=	21.31

CHOSUN WELDING POHANG 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
=	( (2815.336	+	1770.822)	/	2 )	/	8026.711	*	365 / 4
=	2293.079					/	8026.711	*	365 / 4
=	26.07

CHOSUN WELDING POHANG Co Days Payable Related Terms

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CHOSUN WELDING POHANG Co (XKRX:120030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHOSUN WELDING POHANG Co Ltd (XKRX:120030) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

865 Jangheung-Dong, Nam-Gu, Pohang, KOR

Website

http://www.chosunwelding.com

CHOSUN WELDING POHANG Co Ltd produces and sells welding materials in Korea. It offers covered arc welding electrodes, stick electrodes, submerged arc materials, and solid wires, as well as Mag wires for use in carbon dioxide gas arc welding applications.

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