Wooshin Systems Co (XKRX:017370) Days Payable : 86.10 (As of Dec. 2023)

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What is Wooshin Systems Co Days Payable?

Wooshin Systems Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩45,388 Mil. Wooshin Systems Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩48,105 Mil. Hence, Wooshin Systems Co's Days Payable for the three months ended in Dec. 2023 was 86.10.

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

XKRX:017370' s Days Payable Range Over the Past 10 Years
Min: 50.29 Med: 70.09 Max: 89.63
Current: 70.9

During the past 13 years, Wooshin Systems Co's highest Days Payable was 89.63. The lowest was 50.29. And the median was 70.09.

XKRX:017370's Days Payable is ranked better than
54.24% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs XKRX:017370: 70.90

Wooshin Systems Co's Days Payable increased from Dec. 2022 (69.19) to Dec. 2023 (86.10). It may suggest that Wooshin Systems Co delayed paying its suppliers.

Wooshin Systems Co Days Payable Historical Data

The historical data trend for Wooshin Systems 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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Wooshin Systems Co Days Payable Chart

Wooshin Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

68.06

67.62

56.68

60.27

72.11

Wooshin Systems 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															69.19	72.64	61.10	64.76	86.10

Competitive Comparison of Wooshin Systems Co's Days Payable

For the Auto Parts subindustry, Wooshin Systems 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.

Wooshin Systems Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wooshin Systems Co's Days Payable distribution charts can be found below:

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

Wooshin Systems 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.

Wooshin Systems 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
=	( (30380.985	+	50607.351)	/	2 )	/	204975.138	*	365
=	40494.168					/	204975.138	*	365
=	72.11

Wooshin Systems 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
=	( (40168.395	+	50607.351)	/	2 )	/	48105.143	*	365 / 4
=	45387.873					/	48105.143	*	365 / 4
=	86.10

Wooshin Systems Co Days Payable Related Terms

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Wooshin Systems Co (XKRX:017370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wooshin Systems Co Ltd (XKRX:017370) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sihwa Plant 1: 333, Sihwa Industrial Complex 3 or 506, Gyeonggi-do, Siheung, KOR, 150-102

Website

http://www.wooshinsys.co.kr

Wooshin Systems Co Ltd manufactures and sells automotive body assembly systems and body parts. Geographically the company holds its presence in both South korea region and even at the international level.

Wooshin Systems Co (XKRX:017370) Headlines

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