Development Advance Solution (XKRX:058730) Days Payable : 24.25 (As of Mar. 2024)

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What is Development Advance Solution Days Payable?

Development Advance Solution's average Accounts Payable for the three months ended in Mar. 2024 was ₩17,003 Mil. Development Advance Solution's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩63,992 Mil. Hence, Development Advance Solution's Days Payable for the three months ended in Mar. 2024 was 24.25.

The historical rank and industry rank for Development Advance Solution's Days Payable or its related term are showing as below:

XKRX:058730' s Days Payable Range Over the Past 10 Years
Min: 14.38 Med: 16.34 Max: 29.61
Current: 29.61

During the past 13 years, Development Advance Solution's highest Days Payable was 29.61. The lowest was 14.38. And the median was 16.34.

XKRX:058730's Days Payable is ranked worse than
66.55% of 586 companies
in the Steel industry
Industry Median: 41.325 vs XKRX:058730: 29.61

Development Advance Solution's Days Payable declined from Mar. 2023 (32.60) to Mar. 2024 (24.25). It may suggest that Development Advance Solution accelerated paying its suppliers.

Development Advance Solution Days Payable Historical Data

The historical data trend for Development Advance Solution'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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Development Advance Solution Days Payable Chart

Development Advance Solution Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.20

14.38

14.99

25.72

25.60

Development Advance Solution 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															32.60	29.25	30.29	21.19	24.25

Competitive Comparison of Development Advance Solution's Days Payable

For the Steel subindustry, Development Advance Solution'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.

Development Advance Solution's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Development Advance Solution's Days Payable falls into.

Development Advance Solution 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.

Development Advance Solution'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
=	( (28383.696	+	17003.417)	/	2 )	/	323591.955	*	365
=	22693.5565					/	323591.955	*	365
=	25.60

Development Advance Solution'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
=	( (17003.417	+	0)	/	1 )	/	63992.087	*	365 / 4
=	17003.417					/	63992.087	*	365 / 4
=	24.25

Development Advance Solution Days Payable Related Terms

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Development Advance Solution (XKRX:058730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Development Advance Solution (XKRX:058730) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1039-1,Unnong-ri, Dong-myeon, Hwaseong, Jeolla, KOR, 519-883

Website

http://www.dast.co.kr

Development Advance Solution is a South Korean company engaged in manufacturing of structural metal sheet products and metal works used for buildings.

Development Advance Solution (XKRX:058730) Headlines

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