Gaon Cable Co (XKRX:000500) Days Payable : 57.08 (As of Mar. 2024)

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What is Gaon Cable Co Days Payable?

Gaon Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩233,412 Mil. Gaon Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩373,150 Mil. Hence, Gaon Cable Co's Days Payable for the three months ended in Mar. 2024 was 57.08.

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

XKRX:000500' s Days Payable Range Over the Past 10 Years
Min: 29.28 Med: 45.92 Max: 57.14
Current: 57.14

During the past 13 years, Gaon Cable Co's highest Days Payable was 57.14. The lowest was 29.28. And the median was 45.92.

XKRX:000500's Days Payable is ranked worse than
60.61% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs XKRX:000500: 57.14

Gaon Cable Co's Days Payable increased from Mar. 2023 (55.64) to Mar. 2024 (57.08). It may suggest that Gaon Cable Co delayed paying its suppliers.

Gaon Cable Co Days Payable Historical Data

The historical data trend for Gaon Cable 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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Gaon Cable Co Days Payable Chart

Gaon Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.87

40.03

43.47

49.40

53.11

Gaon Cable 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															55.64	61.58	49.71	55.85	57.08

Competitive Comparison of Gaon Cable Co's Days Payable

For the Communication Equipment subindustry, Gaon Cable 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.

Gaon Cable Co's Days Payable Distribution in the Hardware Industry

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

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

Gaon Cable 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.

Gaon Cable 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
=	( (200327.472	+	202972.189)	/	2 )	/	1385917.013	*	365
=	201649.8305					/	1385917.013	*	365
=	53.11

Gaon Cable 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
=	( (202972.189	+	263851.799)	/	2 )	/	373149.907	*	365 / 4
=	233411.994					/	373149.907	*	365 / 4
=	57.08

Gaon Cable Co Days Payable Related Terms

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Gaon Cable Co (XKRX:000500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gaon Cable Co Ltd (XKRX:000500) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

World Trade Center, 517, Floors 24, ASEM Tower, Yeongdong-daero, Gangnam-gu, Seoul, KOR, 135-798

Website

http://www.gaoncable.com

Gaon Cable Co Ltd engages in the manufacture of electric cables. Its major products include power cable, telecommunication cable, materials and new products. The power cable includes extra-high voltage cables, overhead lines, low and medium voltage power (MV/LV) cables, industrial specialty cables. The telecom products are local area network (LAN) cables, optical communication and other communication cables. The materials include oxygen free copper rod. The new products include intelligent wiring solution and integral pipeline system.

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