Taewoong Logistics Co (XKRX:124560) Days Payable : 19.83 (As of Mar. 2024)

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What is Taewoong Logistics Co Days Payable?

Taewoong Logistics Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩39,039 Mil. Taewoong Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩179,607 Mil. Hence, Taewoong Logistics Co's Days Payable for the three months ended in Mar. 2024 was 19.83.

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

XKRX:124560' s Days Payable Range Over the Past 10 Years
Min: 9.89 Med: 20.84 Max: 24.74
Current: 18.83

During the past 6 years, Taewoong Logistics Co's highest Days Payable was 24.74. The lowest was 9.89. And the median was 20.84.

XKRX:124560's Days Payable is ranked worse than
83.88% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs XKRX:124560: 18.83

Taewoong Logistics Co's Days Payable increased from Mar. 2023 (14.97) to Mar. 2024 (19.83). It may suggest that Taewoong Logistics Co delayed paying its suppliers.

Taewoong Logistics Co Days Payable Historical Data

The historical data trend for Taewoong Logistics 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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Taewoong Logistics Co Days Payable Chart

Taewoong Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

24.74

23.06

20.91

11.57

9.89

Taewoong Logistics 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															14.97	17.26	19.61	19.74	19.83

Competitive Comparison of Taewoong Logistics Co's Days Payable

For the Integrated Freight & Logistics subindustry, Taewoong Logistics 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.

Taewoong Logistics Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taewoong Logistics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taewoong Logistics Co's Days Payable falls into.

Taewoong Logistics 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.

Taewoong Logistics Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (33371.784	+	29741.283)	/	2 )	/	1164463.248	*	365
=	31556.5335					/	1164463.248	*	365
=	9.89

Taewoong Logistics 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
=	( (36644.31	+	41433.895)	/	2 )	/	179606.846	*	365 / 4
=	39039.1025					/	179606.846	*	365 / 4
=	19.83

Taewoong Logistics Co Days Payable Related Terms

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Taewoong Logistics Co (XKRX:124560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taewoong Logistics Co Ltd (XKRX:124560) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Teheran-ro, 37-gill, 9th Floor, 13-6, Gangnam-gu, Seoul, KOR

Website

http://www.e-tgl.com

Taewoong Logistics Co Ltd is a logistics company with its multiple transport services by sea, air, bulk project, and inland transportation.

Taewoong Logistics Co (XKRX:124560) Headlines

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