LG (XKRX:003550) Days Payable : 31.81 (As of Dec. 2023)

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What is LG Days Payable?

LG's average Accounts Payable for the three months ended in Dec. 2023 was ₩627,687 Mil. LG's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩1,800,689 Mil. Hence, LG's Days Payable for the three months ended in Dec. 2023 was 31.81.

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

XKRX:003550' s Days Payable Range Over the Past 10 Years
Min: 40.65 Med: 68.9 Max: 126.54
Current: 40.65

During the past 13 years, LG's highest Days Payable was 126.54. The lowest was 40.65. And the median was 68.90.

XKRX:003550's Days Payable is ranked worse than
77.8% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs XKRX:003550: 40.65

LG's Days Payable declined from Dec. 2022 (32.66) to Dec. 2023 (31.81). It may suggest that LG accelerated paying its suppliers.

LG Days Payable Historical Data

The historical data trend for LG'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.

* Premium members only.

LG Days Payable Chart

LG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.62

90.26

65.41

53.14

51.21

LG 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															32.66	54.08	34.76	37.00	31.81

Competitive Comparison of LG's Days Payable

For the Consumer Electronics subindustry, LG'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.

LG's Days Payable Distribution in the Hardware Industry

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

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

LG 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.

LG'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
=	( (753442	+	772816)	/	2 )	/	5438970	*	365
=	763129					/	5438970	*	365
=	51.21

LG'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
=	( (482557	+	772816)	/	2 )	/	1800689	*	365 / 4
=	627686.5					/	1800689	*	365 / 4
=	31.81

LG Days Payable Related Terms

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LG (XKRX:003550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Corp (XKRX:003550) » Definitions » Days Payable

Traded in Other Exchanges

003555:Korea

Address

LG Twin Tower, 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 150-721

Website

http://www.lg.com

LG Corp is a South Korea-based holding company that is principally engaged in electronics, chemicals, telecommunications, and services businesses. The company operates business through a number of affiliated companies, including LG Electronics, LG Display, LG Innotek, LG Siltron, and others in the electronics industry; LG Chem, LG Household and Health Care, LG Life Sciences, and others in the chemicals industry; and LG N-Sys, LG CNS, LG Sports, and others in the telecommunication and services industry. The company has a business presence in North America, Europe, Middle East, Africa, the Commonwealth of Independent States (Kazakhstan, Russia, Turkmenistan, Ukraine), Asia-Pacific, and Latin America.

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