Paik Kwang Industrial Co (XKRX:001340) Days Payable : 30.34 (As of Mar. 2024)

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What is Paik Kwang Industrial Co Days Payable?

Paik Kwang Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩15,107 Mil. Paik Kwang Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩45,443 Mil. Hence, Paik Kwang Industrial Co's Days Payable for the three months ended in Mar. 2024 was 30.34.

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

XKRX:001340' s Days Payable Range Over the Past 10 Years
Min: 21.74 Med: 31.24 Max: 81.45
Current: 30.52

During the past 13 years, Paik Kwang Industrial Co's highest Days Payable was 81.45. The lowest was 21.74. And the median was 31.24.

XKRX:001340's Days Payable is ranked worse than
80.21% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs XKRX:001340: 30.52

Paik Kwang Industrial Co's Days Payable declined from Mar. 2023 (31.97) to Mar. 2024 (30.34). It may suggest that Paik Kwang Industrial Co accelerated paying its suppliers.

Paik Kwang Industrial Co Days Payable Historical Data

The historical data trend for Paik Kwang Industrial 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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Paik Kwang Industrial Co Days Payable Chart

Paik Kwang Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

28.19

30.32

33.14

34.75

32.16

Paik Kwang Industrial 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															31.97	26.24	30.85	33.95	30.34

Competitive Comparison of Paik Kwang Industrial Co's Days Payable

For the Specialty Chemicals subindustry, Paik Kwang Industrial 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.

Paik Kwang Industrial Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Paik Kwang Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Paik Kwang Industrial Co's Days Payable falls into.

Paik Kwang Industrial 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.

Paik Kwang Industrial 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
=	( (16329.22	+	14572.664)	/	2 )	/	175343.878	*	365
=	15450.942					/	175343.878	*	365
=	32.16

Paik Kwang Industrial 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
=	( (14572.664	+	15641.646)	/	2 )	/	45442.713	*	365 / 4
=	15107.155					/	45442.713	*	365 / 4
=	30.34

Paik Kwang Industrial Co Days Payable Related Terms

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Paik Kwang Industrial Co (XKRX:001340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paik Kwang Industrial Co Ltd (XKRX:001340) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Soryong-dong, Gunsan, KOR, 573-879

Website

http://www.pkic.co.kr

Paik Kwang Industrial Co Ltd is a South Korea based company engages in the manufacture and marketing of inorganic chemical products such as caustic soda, hydrochloric acid, and liquid chlorine and detergents used for semiconductor and LCD industry.

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