Seah Steel (XKRX:306200) Days Payable : 29.16 (As of Dec. 2023)

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What is Seah Steel Days Payable?

Seah Steel's average Accounts Payable for the three months ended in Dec. 2023 was ₩119,409 Mil. Seah Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩373,645 Mil. Hence, Seah Steel's Days Payable for the three months ended in Dec. 2023 was 29.16.

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

XKRX:306200' s Days Payable Range Over the Past 10 Years
Min: 27.69 Med: 30.97 Max: 98.2
Current: 30.74

During the past 6 years, Seah Steel's highest Days Payable was 98.20. The lowest was 27.69. And the median was 30.97.

XKRX:306200's Days Payable is ranked worse than
64.63% of 588 companies
in the Steel industry
Industry Median: 39.7 vs XKRX:306200: 30.74

Seah Steel's Days Payable increased from Dec. 2022 (28.99) to Dec. 2023 (29.16). It may suggest that Seah Steel delayed paying its suppliers.

Seah Steel Days Payable Historical Data

The historical data trend for Seah Steel'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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Seah Steel Days Payable Chart

Seah Steel Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.59

34.52

28.34

27.69

27.72

Seah Steel 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															28.99	30.99	31.83	34.08	29.16

Competitive Comparison of Seah Steel's Days Payable

For the Steel subindustry, Seah Steel'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.

Seah Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Seah Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Seah Steel's Days Payable falls into.

Seah Steel 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.

Seah Steel'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
=	( (118856.658	+	115550.707)	/	2 )	/	1543468.422	*	365
=	117203.6825					/	1543468.422	*	365
=	27.72

Seah Steel'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
=	( (123268.264	+	115550.707)	/	2 )	/	373644.765	*	365 / 4
=	119409.4855					/	373644.765	*	365 / 4
=	29.16

Seah Steel Days Payable Related Terms

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Seah Steel (XKRX:306200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Seah Steel Corp (XKRX:306200) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, Mapo-gu, Seah Tower, 25/26/27th Floor, Seoul, KOR, 04036

Website

http://www.seahsteel.co.kr

Seah Steel Corp is a Korean based company operates in the steel sector. The business activity of the group includes manufacturing of steel products such as carbon steel pipe, stainless steel pipe, titanium tube, galvanized color steel sheet and others. These products are used in wide range of areas such as oil refining, nuclear power plants, LNG vessels, marine plants and others. Geographically, the activities are carried out through the region of Korea and it derives revenue through the sale of products.

Seah Steel (XKRX:306200) Headlines

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