Korea Engineering Consultants (XKRX:023350) Days Payable : 15.44 (As of Mar. 2024)

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What is Korea Engineering Consultants Days Payable?

Korea Engineering Consultants's average Accounts Payable for the three months ended in Mar. 2024 was ₩13,005 Mil. Korea Engineering Consultants's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩76,835 Mil. Hence, Korea Engineering Consultants's Days Payable for the three months ended in Mar. 2024 was 15.44.

The historical rank and industry rank for Korea Engineering Consultants's Days Payable or its related term are showing as below:

XKRX:023350' s Days Payable Range Over the Past 10 Years
Min: 12.82 Med: 25.65 Max: 102.19
Current: 12.82

During the past 13 years, Korea Engineering Consultants's highest Days Payable was 102.19. The lowest was 12.82. And the median was 25.65.

XKRX:023350's Days Payable is ranked worse than
98.01% of 1606 companies
in the Construction industry
Industry Median: 76.53 vs XKRX:023350: 12.82

Korea Engineering Consultants's Days Payable declined from Mar. 2023 (25.12) to Mar. 2024 (15.44). It may suggest that Korea Engineering Consultants accelerated paying its suppliers.

Korea Engineering Consultants Days Payable Historical Data

The historical data trend for Korea Engineering Consultants'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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Korea Engineering Consultants Days Payable Chart

Korea Engineering Consultants Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.32

17.11

22.55

23.96

17.37

Korea Engineering Consultants 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															25.12	16.54	13.23	9.19	15.44

Competitive Comparison of Korea Engineering Consultants's Days Payable

For the Engineering & Construction subindustry, Korea Engineering Consultants'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.

Korea Engineering Consultants's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Korea Engineering Consultants's Days Payable distribution charts can be found below:

* The bar in red indicates where Korea Engineering Consultants's Days Payable falls into.

Korea Engineering Consultants 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.

Korea Engineering Consultants'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
=	( (15929.979	+	16532.181)	/	2 )	/	341061.695	*	365
=	16231.08					/	341061.695	*	365
=	17.37

Korea Engineering Consultants'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
=	( (16532.181	+	9478.035)	/	2 )	/	76834.985	*	365 / 4
=	13005.108					/	76834.985	*	365 / 4
=	15.44

Korea Engineering Consultants Days Payable Related Terms

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Korea Engineering Consultants (XKRX:023350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Korea Engineering Consultants Corp (XKRX:023350) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

4845, Geumgwang-Dong, Jungwon-Gu, Seongnam, Gyeonggi, KOR, 462-240

Website

http://www.kecc.co.kr

Korea Engineering Consultants Corp operates in the engineering and construction industry in South Korea. The business areas of the company are roads, highways, airports, railroads, water supply, bridges, urban planning, construction, and supervision.

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