Rainbow Robotics (XKRX:277810) Days Payable : 9.80 (As of Dec. 2023)

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What is Rainbow Robotics Days Payable?

Rainbow Robotics's average Accounts Payable for the three months ended in Dec. 2023 was ₩327 Mil. Rainbow Robotics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩3,044 Mil. Hence, Rainbow Robotics's Days Payable for the three months ended in Dec. 2023 was 9.80.

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

XKRX:277810' s Days Payable Range Over the Past 10 Years
Min: 2.77 Med: 9.88 Max: 16.33
Current: 16.33

During the past 8 years, Rainbow Robotics's highest Days Payable was 16.33. The lowest was 2.77. And the median was 9.88.

XKRX:277810's Days Payable is ranked worse than
96.42% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs XKRX:277810: 16.33

Rainbow Robotics's Days Payable declined from Dec. 2022 (26.68) to Dec. 2023 (9.80). It may suggest that Rainbow Robotics accelerated paying its suppliers.

Rainbow Robotics Days Payable Historical Data

The historical data trend for Rainbow Robotics'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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Rainbow Robotics Days Payable Chart

Rainbow Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.62

8.21

10.14

11.87

10.38

Rainbow Robotics Quarterly Data
	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												26.68	31.43	18.61	22.16	9.80

Competitive Comparison of Rainbow Robotics's Days Payable

For the Specialty Industrial Machinery subindustry, Rainbow Robotics'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.

Rainbow Robotics's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Rainbow Robotics's Days Payable falls into.

Rainbow Robotics 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.

Rainbow Robotics'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
=	( (272.923	+	181.08)	/	2 )	/	7983.148	*	365
=	227.0015					/	7983.148	*	365
=	10.38

Rainbow Robotics'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
=	( (472.673	+	181.08)	/	2 )	/	3044.448	*	365 / 4
=	326.8765					/	3044.448	*	365 / 4
=	9.80

Rainbow Robotics Days Payable Related Terms

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Rainbow Robotics (XKRX:277810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainbow Robotics (XKRX:277810) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-19, Expo-ro 339beon-gil, Yuseong-gu, KOR, 34122

Website

http://www.rainbow-robotics.com

Rainbow Robotics is a professional technological mechatronics company, provides top robotic system engineering technology. It develops and produces industrial robots and other robots.

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