POSCO Holdings (POSCO Holdings) Days Payable : 31.26 (As of Dec. 2023)

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What is POSCO Holdings Days Payable?

POSCO Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $4,613 Mil. POSCO Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $13,466 Mil. Hence, POSCO Holdings's Days Payable for the three months ended in Dec. 2023 was 31.26.

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

PKX' s Days Payable Range Over the Past 10 Years
Min: 28.24 Med: 31.91 Max: 35.64
Current: 34.06

During the past 13 years, POSCO Holdings's highest Days Payable was 35.64. The lowest was 28.24. And the median was 31.91.

PKX's Days Payable is ranked worse than
57.48% of 588 companies
in the Steel industry
Industry Median: 39.59 vs PKX: 34.06

POSCO Holdings's Days Payable declined from Dec. 2022 (31.58) to Dec. 2023 (31.26). It may suggest that POSCO Holdings accelerated paying its suppliers.

POSCO Holdings Days Payable Historical Data

The historical data trend for POSCO Holdings'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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POSCO Holdings Days Payable Chart

POSCO Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.93

29.44

32.53

33.16

33.00

POSCO Holdings 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															31.58	35.50	34.87	36.02	31.26

Competitive Comparison of POSCO Holdings's Days Payable

For the Steel subindustry, POSCO Holdings'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.

POSCO Holdings's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where POSCO Holdings's Days Payable falls into.

POSCO Holdings 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.

POSCO Holdings'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
=	( (5368.281	+	4433.341)	/	2 )	/	54209.285	*	365
=	4900.811					/	54209.285	*	365
=	33.00

POSCO Holdings'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
=	( (4792.171	+	4433.341)	/	2 )	/	13466.433	*	365 / 4
=	4612.756					/	13466.433	*	365 / 4
=	31.26

POSCO Holdings Days Payable Related Terms

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POSCO Holdings (POSCO Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » POSCO Holdings Inc (NYSE:PKX) » Definitions » Days Payable

Traded in Other Exchanges

005490:Korea PKX:Germany PKX:Germany P1KX34:Brazil

Address

POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, KOR, 06194

Website

https://www.posco.co.kr

POSCO Holdings Inc is a holding company and operates through its subsidiaries. The company's operating segments are 1) Steel Segment includes the production and sale of steel products. 2) Green Infrastructure Business includes the provision of infrastructure and related services. The segment is divided into three operations, Trading Segment consists trading and natural resources development activities. Construction Segment consists planning, designing and construction of industrial plants, civil engineering projects and buildings. The energy and Other Segment consists power generation and information technology and operational technology services. 3) Green Materials and Energy Segment include manufacturing and sale of energy-related and other industrial materials, 4) Others Segment.