Manho Rope & Wire (XKRX:001080) Days Payable : 19.58 (As of Mar. 2024)

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What is Manho Rope & Wire Days Payable?

Manho Rope & Wire's average Accounts Payable for the three months ended in Mar. 2024 was ₩8,767 Mil. Manho Rope & Wire's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩40,855 Mil. Hence, Manho Rope & Wire's Days Payable for the three months ended in Mar. 2024 was 19.58.

The historical rank and industry rank for Manho Rope & Wire's Days Payable or its related term are showing as below:

XKRX:001080' s Days Payable Range Over the Past 10 Years
Min: 14.93 Med: 17.08 Max: 30.13
Current: 30.13

During the past 13 years, Manho Rope & Wire's highest Days Payable was 30.13. The lowest was 14.93. And the median was 17.08.

XKRX:001080's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.52 vs XKRX:001080: 30.13

Manho Rope & Wire's Days Payable declined from Mar. 2023 (31.69) to Mar. 2024 (19.58). It may suggest that Manho Rope & Wire accelerated paying its suppliers.

Manho Rope & Wire Days Payable Historical Data

The historical data trend for Manho Rope & Wire'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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Manho Rope & Wire Days Payable Chart

Manho Rope & Wire Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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16.56

15.77

19.93

20.30

23.65

Manho Rope & Wire 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															31.69	28.75	29.12	19.12	19.58

Competitive Comparison of Manho Rope & Wire's Days Payable

For the Steel subindustry, Manho Rope & Wire'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.

Manho Rope & Wire's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Manho Rope & Wire's Days Payable distribution charts can be found below:

* The bar in red indicates where Manho Rope & Wire's Days Payable falls into.

Manho Rope & Wire 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.

Manho Rope & Wire's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (13703.93	+	12351.481)	/	2 )	/	201090.018	*	365
=	13027.7055					/	201090.018	*	365
=	23.65

Manho Rope & Wire'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
=	( (8767.058	+	0)	/	1 )	/	40855.339	*	365 / 4
=	8767.058					/	40855.339	*	365 / 4
=	19.58

Manho Rope & Wire Days Payable Related Terms

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Manho Rope & Wire (XKRX:001080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manho Rope & Wire Ltd (XKRX:001080) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

85-2, 4 Street Joongang-Dong, Joong-ku, Busan, KOR, 618-270

Website

http://www.manhorope.com

Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, galvanized steel wires for aluminum stranded conductors steel reinforced (ACSR) and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.

Manho Rope & Wire (XKRX:001080) Headlines

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