Posco M-Tech Co (XKRX:009520) Days Payable : 13.79 (As of Dec. 2023)

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What is Posco M-Tech Co Days Payable?

Posco M-Tech Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩13,549 Mil. Posco M-Tech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩89,674 Mil. Hence, Posco M-Tech Co's Days Payable for the three months ended in Dec. 2023 was 13.79.

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

XKRX:009520' s Days Payable Range Over the Past 10 Years
Min: 15.09 Med: 18.37 Max: 19.92
Current: 15.09

During the past 13 years, Posco M-Tech Co's highest Days Payable was 19.92. The lowest was 15.09. And the median was 18.37.

XKRX:009520's Days Payable is ranked worse than
84.86% of 588 companies
in the Steel industry
Industry Median: 39.7 vs XKRX:009520: 15.09

Posco M-Tech Co's Days Payable declined from Dec. 2022 (13.83) to Dec. 2023 (13.79). It may suggest that Posco M-Tech Co accelerated paying its suppliers.

Posco M-Tech Co Days Payable Historical Data

The historical data trend for Posco M-Tech 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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Posco M-Tech Co Days Payable Chart

Posco M-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.67

19.20

16.69

16.32

15.74

Posco M-Tech 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															13.83	15.33	15.06	15.72	13.79

Competitive Comparison of Posco M-Tech Co's Days Payable

For the Steel subindustry, Posco M-Tech 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.

Posco M-Tech Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Posco M-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Posco M-Tech Co's Days Payable falls into.

Posco M-Tech 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.

Posco M-Tech 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
=	( (12877.149	+	14916.884)	/	2 )	/	322162.633	*	365
=	13897.0165					/	322162.633	*	365
=	15.74

Posco M-Tech 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
=	( (12182.005	+	14916.884)	/	2 )	/	89673.575	*	365 / 4
=	13549.4445					/	89673.575	*	365 / 4
=	13.79

Posco M-Tech Co Days Payable Related Terms

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Posco M-Tech Co (XKRX:009520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Posco M-Tech Co Ltd (XKRX:009520) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

131, Hyeongsangangbuk-ro, Nam-gu, Gyeongsanbuk-do, Pohang, KOR, 37835

Website

http://www.poscomtech.com

Posco M-Tech Co Ltd is a South Korea based company engages in the provision of steel raw materials and packing materials and services. Its products include aluminum deoxidizers; ferro silicon; ferro molybdenum, magnesium ingots and Fe powder; and StrapMaster.

Posco M-Tech Co (XKRX:009520) Headlines

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