Hannong Chemicals (XKRX:011500) Days Payable : 21.66 (As of Dec. 2023)

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What is Hannong Chemicals Days Payable?

Hannong Chemicals's average Accounts Payable for the three months ended in Dec. 2023 was ₩12,215 Mil. Hannong Chemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩51,453 Mil. Hence, Hannong Chemicals's Days Payable for the three months ended in Dec. 2023 was 21.66.

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

XKRX:011500' s Days Payable Range Over the Past 10 Years
Min: 23.11 Med: 25.44 Max: 31.24
Current: 23.11

During the past 13 years, Hannong Chemicals's highest Days Payable was 31.24. The lowest was 23.11. And the median was 25.44.

XKRX:011500's Days Payable is ranked worse than
87.5% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs XKRX:011500: 23.11

Hannong Chemicals's Days Payable declined from Dec. 2022 (23.76) to Dec. 2023 (21.66). It may suggest that Hannong Chemicals accelerated paying its suppliers.

Hannong Chemicals Days Payable Historical Data

The historical data trend for Hannong Chemicals'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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Hannong Chemicals Days Payable Chart

Hannong Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

23.25

24.13

25.49

24.37

24.28

Hannong Chemicals 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															23.76	26.63	23.86	19.00	21.66

Competitive Comparison of Hannong Chemicals's Days Payable

For the Chemicals subindustry, Hannong Chemicals'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.

Hannong Chemicals's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Hannong Chemicals's Days Payable falls into.

Hannong Chemicals 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.

Hannong Chemicals'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
=	( (13921.827	+	13103.305)	/	2 )	/	203161.101	*	365
=	13512.566					/	203161.101	*	365
=	24.28

Hannong Chemicals'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
=	( (11327.067	+	13103.305)	/	2 )	/	51452.869	*	365 / 4
=	12215.186					/	51452.869	*	365 / 4
=	21.66

Hannong Chemicals Days Payable Related Terms

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Hannong Chemicals (XKRX:011500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hannong Chemicals Inc (XKRX:011500) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

24, Oehang 1-gil, Gunsan-1-si, Jeollabuk-do, KOR

Website

http://www.hannong.co.kr

Hannong Chemicals Inc is a manufacturing company that produces basic chemical products used in various industries. Its products are supplied to several product categories, including detergents, textiles, paints, oil refinery, and electronic materials. Some of the products offered by the company include Glycol Ether, Eoa, Emulsifying agents and Glymer.

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