AVATEC Co (XKRX:149950) Days Payable : 9.04 (As of Mar. 2024)

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What is AVATEC Co Days Payable?

AVATEC Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,758 Mil. AVATEC Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩17,735 Mil. Hence, AVATEC Co's Days Payable for the three months ended in Mar. 2024 was 9.04.

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

XKRX:149950' s Days Payable Range Over the Past 10 Years
Min: 8.48 Med: 10.55 Max: 13.45
Current: 10.04

During the past 12 years, AVATEC Co's highest Days Payable was 13.45. The lowest was 8.48. And the median was 10.55.

XKRX:149950's Days Payable is ranked worse than
98.6% of 2421 companies
in the Hardware industry
Industry Median: 67.64 vs XKRX:149950: 10.04

AVATEC Co's Days Payable declined from Mar. 2023 (10.58) to Mar. 2024 (9.04). It may suggest that AVATEC Co accelerated paying its suppliers.

AVATEC Co Days Payable Historical Data

The historical data trend for AVATEC 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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AVATEC Co Days Payable Chart

AVATEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.83

8.48

10.70

12.92

10.94

AVATEC 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															10.58	10.97	10.09	11.56	9.04

Competitive Comparison of AVATEC Co's Days Payable

For the Electronic Components subindustry, AVATEC 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.

AVATEC Co's Days Payable Distribution in the Hardware Industry

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

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

AVATEC 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.

AVATEC 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
=	( (2171.75	+	1932.415)	/	2 )	/	68446.594	*	365
=	2052.0825					/	68446.594	*	365
=	10.94

AVATEC 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
=	( (1932.415	+	1583.184)	/	2 )	/	17734.553	*	365 / 4
=	1757.7995					/	17734.553	*	365 / 4
=	9.04

AVATEC Co Days Payable Related Terms

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AVATEC Co (XKRX:149950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVATEC Co Ltd (XKRX:149950) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Dalseodaero 85-gil, Dalseo-gu, Daegu, KOR, 704-240

Website

http://www.avatec.co.kr

AVATEC Co Ltd is engaged in manufacturing of electronic components and liquid crystal display components. It has etching/ITO coating, tempered glass, touch panel, and coating businesses. Its products include tempered glasses, thin film coating products, anti-reflection, and AF coating glass products, automotive window/room mirror coating; EMI filter glass products; high reflection mirrors, copy machines, and scanners or optics related components; and low emissivity glass products.

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