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Synergy Innovation Co (XKRX:048870) Days Payable : 21.85 (As of Dec. 2023)


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What is Synergy Innovation Co Days Payable?

Synergy Innovation Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩3,268 Mil. Synergy Innovation Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩13,647 Mil. Hence, Synergy Innovation Co's Days Payable for the three months ended in Dec. 2023 was 21.85.

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

XKRX:048870' s Days Payable Range Over the Past 10 Years
Min: 18.81   Med: 37.18   Max: 161.37
Current: 22.5

During the past 13 years, Synergy Innovation Co's highest Days Payable was 161.37. The lowest was 18.81. And the median was 37.18.

XKRX:048870's Days Payable is ranked worse than
88.66% of 714 companies
in the Biotechnology industry
Industry Median: 147.95 vs XKRX:048870: 22.50

Synergy Innovation Co's Days Payable increased from Dec. 2022 (18.28) to Dec. 2023 (21.85). It may suggest that Synergy Innovation Co delayed paying its suppliers.


Synergy Innovation Co Days Payable Historical Data

The historical data trend for Synergy Innovation 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.

* Premium members only.

Synergy Innovation Co Days Payable Chart

Synergy Innovation Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.95 36.40 26.97 22.03 18.81

Synergy Innovation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.28 35.95 17.84 23.33 21.85

Competitive Comparison of Synergy Innovation Co's Days Payable

For the Biotechnology subindustry, Synergy Innovation 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.


Synergy Innovation Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Synergy Innovation Co's Days Payable distribution charts can be found below:

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



Synergy Innovation 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.

Synergy Innovation 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
=( (2541.366 + 2778.938) / 2 ) / 51611.644*365
=2660.152 / 51611.644*365
=18.81

Synergy Innovation 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
=( (3757.765 + 2778.938) / 2 ) / 13646.6*365 / 4
=3268.3515 / 13646.6*365 / 4
=21.85

* 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.


Synergy Innovation Co Days Payable Related Terms

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Synergy Innovation Co (XKRX:048870) Business Description

Traded in Other Exchanges
N/A
Address
124 Myeong-dong Dong 601, Seongnam-si, Gyeonggi-do, Seoul, KOR
Synergy Innovation Co Ltd is a South Korean company engaged in research and development in various fields like genetics, new drugs, and medical devices and materials. The business of the company includes bio business and new drug development.

Synergy Innovation Co (XKRX:048870) Headlines

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