Jinro Distillers Co (XKRX:018120) Days Payable : 13.50 (As of Mar. 2024)

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What is Jinro Distillers Co Days Payable?

Jinro Distillers Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩3,189 Mil. Jinro Distillers Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩21,564 Mil. Hence, Jinro Distillers Co's Days Payable for the three months ended in Mar. 2024 was 13.50.

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

XKRX:018120' s Days Payable Range Over the Past 10 Years
Min: 2.57 Med: 14.14 Max: 33.23
Current: 22.02

During the past 13 years, Jinro Distillers Co's highest Days Payable was 33.23. The lowest was 2.57. And the median was 14.14.

XKRX:018120's Days Payable is ranked worse than
92.08% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 77.86 vs XKRX:018120: 22.02

Jinro Distillers Co's Days Payable declined from Mar. 2023 (24.39) to Mar. 2024 (13.50). It may suggest that Jinro Distillers Co accelerated paying its suppliers.

Jinro Distillers Co Days Payable Historical Data

The historical data trend for Jinro Distillers 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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Jinro Distillers Co Days Payable Chart

Jinro Distillers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.98

14.04

33.23

31.70

17.75

Jinro Distillers 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															24.39	27.02	32.68	16.09	13.50

Competitive Comparison of Jinro Distillers Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Jinro Distillers 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.

Jinro Distillers Co's Days Payable Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Jinro Distillers Co's Days Payable falls into.

Jinro Distillers 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.

Jinro Distillers 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
=	( (6586.587	+	1939.48)	/	2 )	/	87669.198	*	365
=	4263.0335					/	87669.198	*	365
=	17.75

Jinro Distillers 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
=	( (1939.48	+	4439.393)	/	2 )	/	21563.949	*	365 / 4
=	3189.4365					/	21563.949	*	365 / 4
=	13.50

Jinro Distillers Co Days Payable Related Terms

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Jinro Distillers Co (XKRX:018120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jinro Distillers Co Ltd (XKRX:018120) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

650 Chochi-Dong, Danwon-Gu, Ansan, Gyeonggi, KOR, 425-080

Website

http://www.cleancohol.com

Jinro Distillers Co Ltd is a South Korea-based company engaged in the manufacturing of ethanol. It produces fermented ethanol and refined ethanol used as raw materials for distilled spirits. The company is also involved in the manufacturing of alcohol disinfectants, including household-type disinfectants and industrial disinfectants, which are used as sanitary sterilizing preparations.

Jinro Distillers Co (XKRX:018120) Headlines

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