Shinil Electronics (XKRX:002700) Days Payable : 36.49 (As of Dec. 2023)

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What is Shinil Electronics Days Payable?

Shinil Electronics's average Accounts Payable for the three months ended in Dec. 2023 was ₩15,989 Mil. Shinil Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩39,983 Mil. Hence, Shinil Electronics's Days Payable for the three months ended in Dec. 2023 was 36.49.

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

XKRX:002700' s Days Payable Range Over the Past 10 Years
Min: 35.9 Med: 45.41 Max: 62.72
Current: 42.19

During the past 13 years, Shinil Electronics's highest Days Payable was 62.72. The lowest was 35.90. And the median was 45.41.

XKRX:002700's Days Payable is ranked worse than
71.81% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs XKRX:002700: 42.19

Shinil Electronics's Days Payable declined from Dec. 2022 (41.38) to Dec. 2023 (36.49). It may suggest that Shinil Electronics accelerated paying its suppliers.

Shinil Electronics Days Payable Historical Data

The historical data trend for Shinil Electronics'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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Shinil Electronics Days Payable Chart

Shinil Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.60

35.90

40.96

37.48

38.29

Shinil Electronics 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															41.38	51.44	34.96	57.19	36.49

Competitive Comparison of Shinil Electronics's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Shinil Electronics'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.

Shinil Electronics's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Shinil Electronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Shinil Electronics's Days Payable falls into.

Shinil Electronics 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.

Shinil Electronics'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
=	( (14349.831	+	15376.144)	/	2 )	/	141693.245	*	365
=	14862.9875					/	141693.245	*	365
=	38.29

Shinil Electronics'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
=	( (16602.714	+	15376.144)	/	2 )	/	39982.787	*	365 / 4
=	15989.429					/	39982.787	*	365 / 4
=	36.49

Shinil Electronics Days Payable Related Terms

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Shinil Electronics (XKRX:002700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shinil Electronics (XKRX:002700) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

308, Yeongok-gil, Ipjang-myeon, Seobuk-gu, Cheonan-si, Chungcheong-do, Cheonan-si, KOR

Website

http://www.shinil.co.kr

Shinil Electronics, formerly Shinil Industrial Co Ltd is a South Korea based company engages in the manufacturing of household electronic appliances. It manufactures electric fan, heaters, rice cooker, iron, and vacuum cleaner.

Shinil Electronics (XKRX:002700) Headlines

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