Daekyo Co (XKRX:019685) Days Payable : 4.30 (As of Mar. 2024)

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What is Daekyo Co Days Payable?

Daekyo Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩6,409 Mil. Daekyo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩135,964 Mil. Hence, Daekyo Co's Days Payable for the three months ended in Mar. 2024 was 4.30.

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

XKRX:019685' s Days Payable Range Over the Past 10 Years
Min: 2.74 Med: 4.24 Max: 6
Current: 4.44

During the past 13 years, Daekyo Co's highest Days Payable was 6.00. The lowest was 2.74. And the median was 4.24.

XKRX:019685's Days Payable is ranked worse than
87.79% of 213 companies
in the Education industry
Industry Median: 37.29 vs XKRX:019685: 4.44

Daekyo Co's Days Payable declined from Mar. 2023 (4.35) to Mar. 2024 (4.30). It may suggest that Daekyo Co accelerated paying its suppliers.

Daekyo Co Days Payable Historical Data

The historical data trend for Daekyo 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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Daekyo Co Days Payable Chart

Daekyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.10

2.74

3.32

3.56

3.98

Daekyo Co 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															4.35	4.73	4.32	4.14	4.30

Competitive Comparison of Daekyo Co's Days Payable

For the Education & Training Services subindustry, Daekyo 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.

Daekyo Co's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Daekyo Co's Days Payable distribution charts can be found below:

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

Daekyo 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.

Daekyo Co'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
=	( (5559.288	+	6441.079)	/	2 )	/	550435.573	*	365
=	6000.1835					/	550435.573	*	365
=	3.98

Daekyo 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
=	( (6441.079	+	6377.232)	/	2 )	/	135964.001	*	365 / 4
=	6409.1555					/	135964.001	*	365 / 4
=	4.30

Daekyo Co Days Payable Related Terms

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Daekyo Co (XKRX:019685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Daekyo Co Ltd (XKRX:019685) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

019680:Korea

Address

Noonnopi Seocho Center, 446-3, Bangbae-Dong, Seocho-Gu, Seoul, KOR, 137-818

Website

http://eng.daekyo.com

Daekyo Co Ltd is a Korean education company that provides services such as learning centers, educational materials, media programs, and international programs. The company's largest segment is its Noonnoppi brand of learning centers and self-learning systems. This segment offers on-site learning centers for children as well as home tutoring and virtual learning programs. The majority of students that subscribe to Noonnoppi programs are elementary and middle/high school students, followed by adult learners. Daekyo also operates over 10 international subsidiaries the U.S. and in 21 countries across Asia.

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