Bluemtec Co (XKRX:439580) Days Payable : 3.34 (As of Mar. 2024)

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What is Bluemtec Co Days Payable?

Bluemtec Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩898 Mil. Bluemtec Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩24,545 Mil. Hence, Bluemtec Co's Days Payable for the three months ended in Mar. 2024 was 3.34.

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

XKRX:439580' s Days Payable Range Over the Past 10 Years
Min: 1.66 Med: 2.91 Max: 7.58
Current: 2.17

During the past 3 years, Bluemtec Co's highest Days Payable was 7.58. The lowest was 1.66. And the median was 2.91.

XKRX:439580's Days Payable is ranked worse than
99.49% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs XKRX:439580: 2.17

Bluemtec Co's Days Payable increased from Dec. 2022 (2.06) to Mar. 2024 (3.34). It may suggest that Bluemtec Co delayed paying its suppliers.

Bluemtec Co Days Payable Historical Data

The historical data trend for Bluemtec 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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Bluemtec Co Days Payable Chart

Bluemtec Co Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

7.58

2.91

1.66

Bluemtec Co Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			2.06	1.70	-	2.91	3.34

Competitive Comparison of Bluemtec Co's Days Payable

For the Pharmaceutical Retailers subindustry, Bluemtec 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.

Bluemtec Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Bluemtec Co's Days Payable distribution charts can be found below:

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

Bluemtec 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.

Bluemtec Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (188.3	+	395.955)	/	2 )	/	64113.016	*	365
=	292.1275					/	64113.016	*	365
=	1.66

Bluemtec 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
=	( (898.159	+	0)	/	1 )	/	24545.154	*	365 / 4
=	898.159					/	24545.154	*	365 / 4
=	3.34

Bluemtec Co Days Payable Related Terms

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Bluemtec Co (XKRX:439580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bluemtec Co Ltd (XKRX:439580) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 322-2, 322-2A, 184, Jungbu-daero, Giheung-gu , Gyeonggi-do, 1612, 1613, 1614, 1615 Yeongdeok-dong, Hicks U Tower, Yongin-si, KOR

Website

https://www.bluemtec.co.kr

Bluemtec Co Ltd is a company whose main business is selling prescription drugs through an e-commerce platform. It operates two pharmaceutical distribution platforms, BluePharmKorea targeting hospitals and clinics, and KoolPharm targeting pharmacies and provide IT services to operate and advance these two platforms. In addition, they are operating BlueLabs, which provides services and website development for pharmaceutical companies and medical institutions.

Bluemtec Co (XKRX:439580) Headlines

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