Bolak Co (XKRX:002760) Days Payable : 12.33 (As of Mar. 2024)

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What is Bolak Co Days Payable?

Bolak Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,309 Mil. Bolak Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩9,689 Mil. Hence, Bolak Co's Days Payable for the three months ended in Mar. 2024 was 12.33.

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

XKRX:002760' s Days Payable Range Over the Past 10 Years
Min: 14.59 Med: 16.78 Max: 21.18
Current: 16.85

During the past 13 years, Bolak Co's highest Days Payable was 21.18. The lowest was 14.59. And the median was 16.78.

XKRX:002760's Days Payable is ranked worse than
93.2% of 1501 companies
in the Chemicals industry
Industry Median: 60.48 vs XKRX:002760: 16.85

Bolak Co's Days Payable declined from Mar. 2023 (25.89) to Mar. 2024 (12.33). It may suggest that Bolak Co accelerated paying its suppliers.

Bolak Co Days Payable Historical Data

The historical data trend for Bolak 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.

Bolak Co Days Payable Chart

Bolak Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.47

19.21

16.49

21.18

19.79

Bolak 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															25.89	24.09	16.55	11.46	12.33

Competitive Comparison of Bolak Co's Days Payable

For the Specialty Chemicals subindustry, Bolak 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.

Bolak Co's Days Payable Distribution in the Chemicals Industry

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

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

Bolak 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.

Bolak 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
=	( (3188.768	+	1267.222)	/	2 )	/	41087.642	*	365
=	2227.995					/	41087.642	*	365
=	19.79

Bolak 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
=	( (1267.222	+	1351.195)	/	2 )	/	9689.499	*	365 / 4
=	1309.2085					/	9689.499	*	365 / 4
=	12.33

Bolak Co Days Payable Related Terms

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Bolak Co (XKRX:002760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bolak Co Ltd (XKRX:002760) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chorok-ro, Yangkam-Myeon, Hwaseong, Gyeonggi, KOR, 18628

Website

http://www.bolak.co.kr

Bolak Co Ltd manufactures food additives and active pharmaceutical ingredients in South Korea. Its products include food flavors, coloring agents, chewing gum base, pharmaceutical materials, and cosmetic ingredients.

Bolak Co (XKRX:002760) Headlines

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