Korean Air Lines Co (XKRX:003490) Days Payable : 6.98 (As of Dec. 2023)

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What is Korean Air Lines Co Days Payable?

Korean Air Lines Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩281,142 Mil. Korean Air Lines Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩3,677,686 Mil. Hence, Korean Air Lines Co's Days Payable for the three months ended in Dec. 2023 was 6.98.

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

XKRX:003490' s Days Payable Range Over the Past 10 Years
Min: 5.8 Med: 7.48 Max: 10.56
Current: 7

During the past 13 years, Korean Air Lines Co's highest Days Payable was 10.56. The lowest was 5.80. And the median was 7.48.

XKRX:003490's Days Payable is ranked worse than
95.38% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs XKRX:003490: 7.00

Korean Air Lines Co's Days Payable declined from Dec. 2022 (8.59) to Dec. 2023 (6.98). It may suggest that Korean Air Lines Co accelerated paying its suppliers.

Korean Air Lines Co Days Payable Historical Data

The historical data trend for Korean Air Lines 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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Korean Air Lines Co Days Payable Chart

Korean Air Lines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.08

8.74

7.34

7.61

7.81

Korean Air Lines Co 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															8.59	7.69	5.99	6.60	6.98

Competitive Comparison of Korean Air Lines Co's Days Payable

For the Airlines subindustry, Korean Air Lines 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.

Korean Air Lines Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Korean Air Lines Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Korean Air Lines Co's Days Payable falls into.

Korean Air Lines 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.

Korean Air Lines 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
=	( (269833.276	+	280092.411)	/	2 )	/	12850301.877	*	365
=	274962.8435					/	12850301.877	*	365
=	7.81

Korean Air Lines Co'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
=	( (282191.806	+	280092.411)	/	2 )	/	3677685.509	*	365 / 4
=	281142.1085					/	3677685.509	*	365 / 4
=	6.98

Korean Air Lines Co Days Payable Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

003495:Korea

Address

260 Haneul-gil, Gangseo-gu, Seoul, KOR

Website

http://www.koreanair.com

Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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