Cheryong Industrial Co (XKRX:147830) Days Payable : 58.46 (As of Mar. 2024)

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What is Cheryong Industrial Co Days Payable?

Cheryong Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩2,707 Mil. Cheryong Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩4,225 Mil. Hence, Cheryong Industrial Co's Days Payable for the three months ended in Mar. 2024 was 58.46.

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

XKRX:147830' s Days Payable Range Over the Past 10 Years
Min: 29.64 Med: 34.53 Max: 51.19
Current: 43.26

During the past 13 years, Cheryong Industrial Co's highest Days Payable was 51.19. The lowest was 29.64. And the median was 34.53.

XKRX:147830's Days Payable is ranked worse than
76.53% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs XKRX:147830: 43.26

Cheryong Industrial Co's Days Payable increased from Mar. 2023 (37.21) to Mar. 2024 (58.46). It may suggest that Cheryong Industrial Co delayed paying its suppliers.

Cheryong Industrial Co Days Payable Historical Data

The historical data trend for Cheryong Industrial 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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Cheryong Industrial Co Days Payable Chart

Cheryong Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

49.71

49.50

34.73

34.33

51.19

Cheryong Industrial 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															37.21	43.01	40.07	29.42	58.46

Competitive Comparison of Cheryong Industrial Co's Days Payable

For the Electrical Equipment & Parts subindustry, Cheryong Industrial 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.

Cheryong Industrial Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Cheryong Industrial Co's Days Payable falls into.

Cheryong Industrial 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.

Cheryong Industrial 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
=	( (5370.284	+	2858.662)	/	2 )	/	29337.689	*	365
=	4114.473					/	29337.689	*	365
=	51.19

Cheryong Industrial 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
=	( (2858.662	+	2554.562)	/	2 )	/	4225.096	*	365 / 4
=	2706.612					/	4225.096	*	365 / 4
=	58.46

Cheryong Industrial Co Days Payable Related Terms

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Cheryong Industrial Co (XKRX:147830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cheryong Industrial Co Ltd (XKRX:147830) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

339-1, Kwangjang-dong, 628 Garasam Building, Gwangjin-Gu, Seoul, KOR, 143-210

Website

http://www.cheryong.co.kr

Cheryong Industrial Co Ltd is a manufacturer and distributor of transmission and substation materials, distribution equipment, underground ship materials, and communication equipment. It provides transmission material such as built-in wire harness, double suspension insulator; distribution material consist of the Low-pressure hermetic metal diverging sleeve, Plastic reel for wire wrapping.

Cheryong Industrial Co (XKRX:147830) Headlines

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