Paratech Co (XKRX:033540) Days Payable : 35.01 (As of Mar. 2024)

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What is Paratech Co Days Payable?

Paratech Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩24,151 Mil. Paratech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩62,950 Mil. Hence, Paratech Co's Days Payable for the three months ended in Mar. 2024 was 35.01.

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

XKRX:033540' s Days Payable Range Over the Past 10 Years
Min: 27.89 Med: 40.88 Max: 46.99
Current: 34.62

During the past 13 years, Paratech Co's highest Days Payable was 46.99. The lowest was 27.89. And the median was 40.88.

XKRX:033540's Days Payable is ranked worse than
85.46% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs XKRX:033540: 34.62

Paratech Co's Days Payable declined from Mar. 2023 (37.46) to Mar. 2024 (35.01). It may suggest that Paratech Co accelerated paying its suppliers.

Paratech Co Days Payable Historical Data

The historical data trend for Paratech 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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Paratech Co Days Payable Chart

Paratech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.91

44.13

40.77

27.89

35.27

Paratech 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															37.46	39.32	38.01	33.72	35.01

Competitive Comparison of Paratech Co's Days Payable

For the Specialty Industrial Machinery subindustry, Paratech 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.

Paratech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Paratech Co's Days Payable distribution charts can be found below:

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

Paratech 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.

Paratech 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
=	( (17575.499	+	24150.749)	/	2 )	/	215898.319	*	365
=	20863.124					/	215898.319	*	365
=	35.27

Paratech 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
=	( (24150.749	+	0)	/	1 )	/	62950.173	*	365 / 4
=	24150.749					/	62950.173	*	365 / 4
=	35.01

Paratech Co Days Payable Related Terms

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Paratech Co (XKRX:033540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paratech Co Ltd (XKRX:033540) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gyeonggi Wonmi chunuidong 65-2, Bucheon, KOR, 420-120

Website

http://www.paradise-ind.co.kr

Paratech Co Ltd is a South Korean company operating in the diversified industrial industry. The products manufactured by the company are sprinkler, valve, sprinkler flexible hose, automatic fire extinguisher, easy sprinkler package, water spray system, and air foam.

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