Pangen Biotech (XKRX:222110) Days Payable : 13.27 (As of Mar. 2024)

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What is Pangen Biotech Days Payable?

Pangen Biotech's average Accounts Payable for the three months ended in Mar. 2024 was ₩343 Mil. Pangen Biotech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩2,362 Mil. Hence, Pangen Biotech's Days Payable for the three months ended in Mar. 2024 was 13.27.

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

XKRX:222110' s Days Payable Range Over the Past 10 Years
Min: 7.41 Med: 14.95 Max: 34.03
Current: 12.99

During the past 10 years, Pangen Biotech's highest Days Payable was 34.03. The lowest was 7.41. And the median was 14.95.

XKRX:222110's Days Payable is ranked worse than
94.61% of 724 companies
in the Biotechnology industry
Industry Median: 148.12 vs XKRX:222110: 12.99

Pangen Biotech's Days Payable declined from Mar. 2023 (19.38) to Mar. 2024 (13.27). It may suggest that Pangen Biotech accelerated paying its suppliers.

Pangen Biotech Days Payable Historical Data

The historical data trend for Pangen Biotech'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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Pangen Biotech Days Payable Chart

Pangen Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.07

34.03

16.72

19.92

15.98

Pangen Biotech 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															19.38	24.69	9.61	12.29	13.27

Competitive Comparison of Pangen Biotech's Days Payable

For the Biotechnology subindustry, Pangen Biotech'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.

Pangen Biotech's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Pangen Biotech's Days Payable distribution charts can be found below:

* The bar in red indicates where Pangen Biotech's Days Payable falls into.

Pangen Biotech 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.

Pangen Biotech'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
=	( (255.478	+	298.822)	/	2 )	/	6328.831	*	365
=	277.15					/	6328.831	*	365
=	15.98

Pangen Biotech'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
=	( (298.822	+	387.925)	/	2 )	/	2361.654	*	365 / 4
=	343.3735					/	2361.654	*	365 / 4
=	13.27

Pangen Biotech Days Payable Related Terms

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Pangen Biotech (XKRX:222110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Pangen Biotech Inc (XKRX:222110) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4Floor Innoplex 2-dong, 306 Sinwon-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16675

Website

http://www.pangen.com

Pangen Biotech Inc is a biotechnology company. It is engaged in development of biosimilar products and technology transfer services for biologics development. It develops biosimilar products, such as EPO, recombinant factor VIII, G-CSF, etc.

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