Changhae Ethanol Co (XKRX:004650) Days Payable : 34.03 (As of Mar. 2024)

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What is Changhae Ethanol Co Days Payable?

Changhae Ethanol Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩8,463 Mil. Changhae Ethanol Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩22,695 Mil. Hence, Changhae Ethanol Co's Days Payable for the three months ended in Mar. 2024 was 34.03.

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

XKRX:004650' s Days Payable Range Over the Past 10 Years
Min: 15.6 Med: 25.47 Max: 45.86
Current: 39.23

During the past 11 years, Changhae Ethanol Co's highest Days Payable was 45.86. The lowest was 15.60. And the median was 25.47.

XKRX:004650's Days Payable is ranked worse than
79.9% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs XKRX:004650: 39.23

Changhae Ethanol Co's Days Payable declined from Mar. 2023 (34.37) to Mar. 2024 (34.03). It may suggest that Changhae Ethanol Co accelerated paying its suppliers.

Changhae Ethanol Co Days Payable Historical Data

The historical data trend for Changhae Ethanol 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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Changhae Ethanol Co Days Payable Chart

Changhae Ethanol Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.60

19.16

22.88

27.69

35.03

Changhae Ethanol 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															34.37	39.89	51.15	36.43	34.03

Competitive Comparison of Changhae Ethanol Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Changhae Ethanol 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.

Changhae Ethanol Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Changhae Ethanol Co's Days Payable distribution charts can be found below:

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

Changhae Ethanol 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.

Changhae Ethanol 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
=	( (9806.821	+	7891.614)	/	2 )	/	92193.105	*	365
=	8849.2175					/	92193.105	*	365
=	35.03

Changhae Ethanol 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
=	( (7891.614	+	9034.771)	/	2 )	/	22695.351	*	365 / 4
=	8463.1925					/	22695.351	*	365 / 4
=	34.03

Changhae Ethanol Co Days Payable Related Terms

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Changhae Ethanol Co (XKRX:004650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Changhae Ethanol Co Ltd (XKRX:004650) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

15, Wonmanseong-ro, Deokjin-gu, Jonju-si, Jeollabuk-do, KOR, 561-203

Website

http://www.chethanol.com

Changhae Ethanol Co Ltd is engaged in manufacturing and selling pure wine spirits (bio-ethanol) by using crops including sugar cane, tapioca, rice and barley.

Changhae Ethanol Co (XKRX:004650) Headlines

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