GOLFZON Co (XKRX:215000) Days Payable : 17.51 (As of Dec. 2023)

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What is GOLFZON Co Days Payable?

GOLFZON Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩15,614 Mil. GOLFZON Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩81,345 Mil. Hence, GOLFZON Co's Days Payable for the three months ended in Dec. 2023 was 17.51.

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

XKRX:215000' s Days Payable Range Over the Past 10 Years
Min: 11.66 Med: 18.66 Max: 23.86
Current: 18.22

During the past 9 years, GOLFZON Co's highest Days Payable was 23.86. The lowest was 11.66. And the median was 18.66.

XKRX:215000's Days Payable is ranked worse than
81.02% of 432 companies
in the Interactive Media industry
Industry Median: 60.97 vs XKRX:215000: 18.22

GOLFZON Co's Days Payable declined from Dec. 2022 (26.37) to Dec. 2023 (17.51). It may suggest that GOLFZON Co accelerated paying its suppliers.

GOLFZON Co Days Payable Historical Data

The historical data trend for GOLFZON 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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GOLFZON Co Days Payable Chart

GOLFZON Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.26

11.66

13.68

18.66

16.09

GOLFZON 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															26.37	18.84	19.26	19.49	17.51

Competitive Comparison of GOLFZON Co's Days Payable

For the Electronic Gaming & Multimedia subindustry, GOLFZON 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.

GOLFZON Co's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GOLFZON Co's Days Payable distribution charts can be found below:

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

GOLFZON 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.

GOLFZON 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
=	( (18425.303	+	9315.225)	/	2 )	/	314713.34	*	365
=	13870.264					/	314713.34	*	365
=	16.09

GOLFZON 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
=	( (21911.78	+	9315.225)	/	2 )	/	81344.703	*	365 / 4
=	15613.5025					/	81344.703	*	365 / 4
=	17.51

GOLFZON Co Days Payable Related Terms

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GOLFZON Co (XKRX:215000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GOLFZON Co Ltd (XKRX:215000) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daejeon Expo 97 beongil 40 (doryongdong), Daejeon, KOR

Website

http://golfsimulator.golfzon.com

GOLFZON Co Ltd is a Korea-based company that manufactures golf simulators. The company operates its business through two segments: screen golf segment, which produces and distributes golf simulators through GOLFZON JAPAN and GOLFZON CHINA, and golf maintenance segment which installs and maintains golf simulators. The company distributes its products within domestic market and to overseas markets. GOLFZON VISION is the golf simulator for homes and businesses with 3D graphics technology.

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