Cube Entertainment (XKRX:182360) Days Payable : 71.88 (As of Mar. 2024)

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What is Cube Entertainment Days Payable?

Cube Entertainment's average Accounts Payable for the three months ended in Mar. 2024 was ₩28,471 Mil. Cube Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩36,144 Mil. Hence, Cube Entertainment's Days Payable for the three months ended in Mar. 2024 was 71.88.

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

XKRX:182360' s Days Payable Range Over the Past 10 Years
Min: 32.6 Med: 41.74 Max: 85.48
Current: 82.4

During the past 11 years, Cube Entertainment's highest Days Payable was 85.48. The lowest was 32.60. And the median was 41.74.

XKRX:182360's Days Payable is ranked better than
50.6% of 923 companies
in the Media - Diversified industry
Industry Median: 79.7 vs XKRX:182360: 82.40

Cube Entertainment's Days Payable declined from Mar. 2023 (128.42) to Mar. 2024 (71.88). It may suggest that Cube Entertainment accelerated paying its suppliers.

Cube Entertainment Days Payable Historical Data

The historical data trend for Cube Entertainment'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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Cube Entertainment Days Payable Chart

Cube Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.99

32.60

38.16

68.49

85.48

Cube Entertainment 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															128.42	80.63	79.87	87.52	71.88

Competitive Comparison of Cube Entertainment's Days Payable

For the Entertainment subindustry, Cube Entertainment'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.

Cube Entertainment's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cube Entertainment's Days Payable distribution charts can be found below:

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

Cube Entertainment 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.

Cube Entertainment'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
=	( (26638.718	+	21852.511)	/	2 )	/	103528.554	*	365
=	24245.6145					/	103528.554	*	365
=	85.48

Cube Entertainment'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
=	( (21852.511	+	35090.274)	/	2 )	/	36143.643	*	365 / 4
=	28471.3925					/	36143.643	*	365 / 4
=	71.88

Cube Entertainment Days Payable Related Terms

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Cube Entertainment (XKRX:182360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cube Entertainment Inc (XKRX:182360) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4F, Chungdam-Dong, Kangnam-Gu, Seoul, KOR, 125-20

Website

http://www.cubeent.co.kr

Cube Entertainment Inc is engaged in the publishing of videos, audio and original master recordings. The company produces motion graphic, music videos and promotion VCR.

Cube Entertainment (XKRX:182360) Headlines

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