Chokwang Paint (XKRX:004910) Days Payable : 54.30 (As of Mar. 2024)

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What is Chokwang Paint Days Payable?

Chokwang Paint's average Accounts Payable for the three months ended in Mar. 2024 was ₩28,666 Mil. Chokwang Paint's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩48,177 Mil. Hence, Chokwang Paint's Days Payable for the three months ended in Mar. 2024 was 54.30.

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

XKRX:004910' s Days Payable Range Over the Past 10 Years
Min: 49.86 Med: 53.97 Max: 59.86
Current: 54.62

During the past 13 years, Chokwang Paint's highest Days Payable was 59.86. The lowest was 49.86. And the median was 53.97.

XKRX:004910's Days Payable is ranked worse than
57.1% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs XKRX:004910: 54.62

Chokwang Paint's Days Payable increased from Mar. 2023 (53.34) to Mar. 2024 (54.30). It may suggest that Chokwang Paint delayed paying its suppliers.

Chokwang Paint Days Payable Historical Data

The historical data trend for Chokwang Paint'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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Chokwang Paint Days Payable Chart

Chokwang Paint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.44

59.86

57.73

55.90

53.55

Chokwang Paint Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															53.34	51.32	55.73	54.98	54.30

Competitive Comparison of Chokwang Paint's Days Payable

For the Specialty Chemicals subindustry, Chokwang Paint'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.

Chokwang Paint's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chokwang Paint's Days Payable distribution charts can be found below:

* The bar in red indicates where Chokwang Paint's Days Payable falls into.

Chokwang Paint 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.

Chokwang Paint'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
=	( (31986.546	+	28666.285)	/	2 )	/	206695.624	*	365
=	30326.4155					/	206695.624	*	365
=	53.55

Chokwang Paint'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
=	( (28666.285	+	0)	/	1 )	/	48177.057	*	365 / 4
=	28666.285					/	48177.057	*	365 / 4
=	54.30

Chokwang Paint Days Payable Related Terms

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Chokwang Paint (XKRX:004910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chokwang Paint Ltd (XKRX:004910) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

379-1 Samrak-dong, Sasang-gu, Busan, KOR, 617-070

Website

http://www.chokwangpaint.co.kr

Chokwang Paint Ltd is a South Korean company engaged in manufacturing of general paints and similar products. The products of the company are floor paint, water repellent, residential paint, industrial paint, and carpentry paint.

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