Thinkware Systems (XKRX:084730) Days Payable : 26.25 (As of Dec. 2023)

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What is Thinkware Systems Days Payable?

Thinkware Systems's average Accounts Payable for the three months ended in Dec. 2023 was ₩26,064 Mil. Thinkware Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩90,606 Mil. Hence, Thinkware Systems's Days Payable for the three months ended in Dec. 2023 was 26.25.

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

XKRX:084730' s Days Payable Range Over the Past 10 Years
Min: 25.48 Med: 36.7 Max: 65.64
Current: 25.48

During the past 13 years, Thinkware Systems's highest Days Payable was 65.64. The lowest was 25.48. And the median was 36.70.

XKRX:084730's Days Payable is ranked worse than
91.62% of 2422 companies
in the Hardware industry
Industry Median: 67.735 vs XKRX:084730: 25.48

Thinkware Systems's Days Payable increased from Dec. 2022 (21.58) to Dec. 2023 (26.25). It may suggest that Thinkware Systems delayed paying its suppliers.

Thinkware Systems Days Payable Historical Data

The historical data trend for Thinkware Systems'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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Thinkware Systems Days Payable Chart

Thinkware Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.03

34.20

42.71

28.07

27.15

Thinkware Systems 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															21.58	30.20	20.78	24.10	26.25

Competitive Comparison of Thinkware Systems's Days Payable

For the Scientific & Technical Instruments subindustry, Thinkware Systems'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.

Thinkware Systems's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Thinkware Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Thinkware Systems's Days Payable falls into.

Thinkware Systems 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.

Thinkware Systems'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
=	( (15848.207	+	27852.233)	/	2 )	/	293729.996	*	365
=	21850.22					/	293729.996	*	365
=	27.15

Thinkware Systems'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
=	( (24276.672	+	27852.233)	/	2 )	/	90606.215	*	365 / 4
=	26064.4525					/	90606.215	*	365 / 4
=	26.25

Thinkware Systems Days Payable Related Terms

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Thinkware Systems (XKRX:084730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Thinkware Systems Corp (XKRX:084730) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 (Sampyeong-dong 678), Samhwan Highpex A 9th Floor, Bundang-gu, Seongnam, KOR

Website

http://www.thinkware.co.kr

Thinkware Systems Corp is engaged in manufacturing location and navigation systems in South Korea. Its products include navigation, map software, black box for automobiles, tablet personal computer and location-based services.

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