PanOcean Co (XKRX:028670) Days Payable : 23.07 (As of Mar. 2024)

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What is PanOcean Co Days Payable?

PanOcean Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩215,335 Mil. PanOcean Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩851,737 Mil. Hence, PanOcean Co's Days Payable for the three months ended in Mar. 2024 was 23.07.

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

XKRX:028670' s Days Payable Range Over the Past 10 Years
Min: 14.88 Med: 19.11 Max: 29.77
Current: 22.32

During the past 13 years, PanOcean Co's highest Days Payable was 29.77. The lowest was 14.88. And the median was 19.11.

XKRX:028670's Days Payable is ranked worse than
78.04% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs XKRX:028670: 22.32

PanOcean Co's Days Payable declined from Mar. 2023 (24.99) to Mar. 2024 (23.07). It may suggest that PanOcean Co accelerated paying its suppliers.

PanOcean Co Days Payable Historical Data

The historical data trend for PanOcean 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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PanOcean Co Days Payable Chart

PanOcean Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.65

21.73

17.45

15.84

21.67

PanOcean 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															24.99	19.81	23.52	24.63	23.07

Competitive Comparison of PanOcean Co's Days Payable

For the Marine Shipping subindustry, PanOcean 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.

PanOcean Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PanOcean Co's Days Payable distribution charts can be found below:

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

PanOcean 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.

PanOcean 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
=	( (242354	+	216076)	/	2 )	/	3861154	*	365
=	229215					/	3861154	*	365
=	21.67

PanOcean 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
=	( (216076	+	214593)	/	2 )	/	851737	*	365 / 4
=	215334.5					/	851737	*	365 / 4
=	23.07

PanOcean Co Days Payable Related Terms

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PanOcean Co (XKRX:028670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PanOcean Co Ltd (XKRX:028670) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Tower 8, 7, Jong-ro 5-gil, Jongno-gu, Seoul, KOR, 03157

Website

https://www.panocean.com

PanOcean Co Ltd is a shipping company. The company provides marine transportation services. It provides products and services including breakbulk liner, tramper services, large bulker services, container and tanker services, gas carriers, and heavy lift business. The company's operating segment includes Shipping related and Grain trading business. It generates maximum revenue from Shipping related segment. It also provides tamper services to ship dry bulk cargoes such as iron ore, coal, grains, lumber, wood pulp, and raw sugar.

PanOcean Co (XKRX:028670) Headlines

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