Tae Kyung Chemical Co (XKRX:006890) Days Payable : 21.64 (As of Dec. 2023)

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What is Tae Kyung Chemical Co Days Payable?

Tae Kyung Chemical Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩2,462 Mil. Tae Kyung Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩10,379 Mil. Hence, Tae Kyung Chemical Co's Days Payable for the three months ended in Dec. 2023 was 21.64.

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

XKRX:006890' s Days Payable Range Over the Past 10 Years
Min: 22.16 Med: 37.78 Max: 46.65
Current: 22.16

During the past 13 years, Tae Kyung Chemical Co's highest Days Payable was 46.65. The lowest was 22.16. And the median was 37.78.

XKRX:006890's Days Payable is ranked worse than
91.7% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.2 vs XKRX:006890: 22.16

Tae Kyung Chemical Co's Days Payable increased from Dec. 2022 (21.33) to Dec. 2023 (21.64). It may suggest that Tae Kyung Chemical Co delayed paying its suppliers.

Tae Kyung Chemical Co Days Payable Historical Data

The historical data trend for Tae Kyung Chemical 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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Tae Kyung Chemical Co Days Payable Chart

Tae Kyung Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

39.18

31.48

27.74

24.10

23.08

Tae Kyung Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.33	22.82	21.72	21.58	21.64

Competitive Comparison of Tae Kyung Chemical Co's Days Payable

For the Utilities - Regulated Gas subindustry, Tae Kyung Chemical 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.

Tae Kyung Chemical Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tae Kyung Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tae Kyung Chemical Co's Days Payable falls into.

Tae Kyung Chemical 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.

Tae Kyung Chemical 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
=	( (2283.551	+	2665.039)	/	2 )	/	39123.731	*	365
=	2474.295					/	39123.731	*	365
=	23.08

Tae Kyung Chemical Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2258.211	+	2665.039)	/	2 )	/	10379.358	*	365 / 4
=	2461.625					/	10379.358	*	365 / 4
=	21.64

Tae Kyung Chemical Co Days Payable Related Terms

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Tae Kyung Chemical Co (XKRX:006890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tae Kyung Chemical Co Ltd (XKRX:006890) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Songwon B.D. 4F 652-12, Deungchon 1-dong, Gangseo-gu, Seoul, KOR, 157-841

Website

http://www.taekyungchem.co.kr

Tae Kyung Chemical Co Ltd is involved in manufacturing and selling industrialized liquid gases and dry ice in Korea. It offers liquid and solid carbon dioxide, magnesium hydroxide, gas carburetor, and organic compounds, as well as processing machine tools. The company is also involved in the re-inspection of special equipment; installation of high-pressure gas utilities; and trading activities.

Tae Kyung Chemical Co (XKRX:006890) Headlines

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