Spigen Korea Co (XKRX:192440) Days Payable : 27.51 (As of Dec. 2023)

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What is Spigen Korea Co Days Payable?

Spigen Korea Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩13,011 Mil. Spigen Korea Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩43,161 Mil. Hence, Spigen Korea Co's Days Payable for the three months ended in Dec. 2023 was 27.51.

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

XKRX:192440' s Days Payable Range Over the Past 10 Years
Min: 10.24 Med: 20.8 Max: 31.95
Current: 25.76

During the past 11 years, Spigen Korea Co's highest Days Payable was 31.95. The lowest was 10.24. And the median was 20.80.

XKRX:192440's Days Payable is ranked worse than
91.41% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs XKRX:192440: 25.76

Spigen Korea Co's Days Payable declined from Dec. 2022 (30.50) to Dec. 2023 (27.51). It may suggest that Spigen Korea Co accelerated paying its suppliers.

Spigen Korea Co Days Payable Historical Data

The historical data trend for Spigen Korea 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.

* Premium members only.

Spigen Korea Co Days Payable Chart

Spigen Korea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.24

25.81

31.95

24.41

22.49

Spigen Korea Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															30.50	22.01	28.22	28.39	27.51

Competitive Comparison of Spigen Korea Co's Days Payable

For the Consumer Electronics subindustry, Spigen Korea 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.

Spigen Korea Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Spigen Korea Co's Days Payable falls into.

Spigen Korea 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.

Spigen Korea 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
=	( (8450.768	+	9610.216)	/	2 )	/	146581.951	*	365
=	9030.492					/	146581.951	*	365
=	22.49

Spigen Korea Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16411.135	+	9610.216)	/	2 )	/	43161.203	*	365 / 4
=	13010.6755					/	43161.203	*	365 / 4
=	27.51

Spigen Korea Co Days Payable Related Terms

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Spigen Korea Co (XKRX:192440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Spigen Korea Co Ltd (XKRX:192440) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Gasan Digital neck to call 1128 1709, Seoul, KOR, 153-803

Website

http://www.spigenkorea.co.kr

Spigen Korea Co Ltd is a South Korea based company operates in the mobile accessories business. It is primarily engaged in the manufacturing and sale of mobile accessories such as charger, cable, bluetooth earphone, smartphone care, car accessories and others.

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