Rayence Co (XKRX:228850) Days Payable : 29.45 (As of Mar. 2024)

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What is Rayence Co Days Payable?

Rayence Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩6,930 Mil. Rayence Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩21,475 Mil. Hence, Rayence Co's Days Payable for the three months ended in Mar. 2024 was 29.45.

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

XKRX:228850' s Days Payable Range Over the Past 10 Years
Min: 21.77 Med: 33.21 Max: 47.38
Current: 32.28

During the past 10 years, Rayence Co's highest Days Payable was 47.38. The lowest was 21.77. And the median was 33.21.

XKRX:228850's Days Payable is ranked worse than
83.82% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 72.55 vs XKRX:228850: 32.28

Rayence Co's Days Payable increased from Mar. 2023 (25.96) to Mar. 2024 (29.45). It may suggest that Rayence Co delayed paying its suppliers.

Rayence Co Days Payable Historical Data

The historical data trend for Rayence 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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Rayence Co Days Payable Chart

Rayence Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.50

34.37

30.29

26.21

21.77

Rayence 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															25.96	33.56	31.59	31.49	29.45

Competitive Comparison of Rayence Co's Days Payable

For the Medical Devices subindustry, Rayence 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.

Rayence Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Rayence Co's Days Payable distribution charts can be found below:

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

Rayence 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.

Rayence 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
=	( (4491.082	+	5658.726)	/	2 )	/	85092.456	*	365
=	5074.904					/	85092.456	*	365
=	21.77

Rayence 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
=	( (5658.726	+	8201.274)	/	2 )	/	21474.6	*	365 / 4
=	6930					/	21474.6	*	365 / 4
=	29.45

Rayence Co Days Payable Related Terms

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Rayence Co (XKRX:228850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Rayence Co Ltd (XKRX:228850) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Samsung 1-ro 1-gil, Gyeonggi-do, Hwaseong, KOR, 18449

Website

http://www.rayence.com

Rayence Co Ltd is engaged in providing dental, medical, veterinary, and industrial X-ray detector products. It also has the techniques for designing products such as CMOS Wafer, developing flat panel detectors (TFT), and using the core technology of scintillator, which is used for radiation detection. TFT based detectors have diagnostic imaging capabilities with a high grey scale range. CMOS products provide both static and dynamic imaging capabilities and are produced utilizing ASIC design.

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