Comtec Systems Co (XKRX:031820) Days Payable : 55.86 (As of Sep. 2024)

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What is Comtec Systems Co Days Payable?

Comtec Systems Co's average Accounts Payable for the three months ended in Sep. 2024 was ₩124,351 Mil. Comtec Systems Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩203,124 Mil. Hence, Comtec Systems Co's Days Payable for the three months ended in Sep. 2024 was 55.86.

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

XKRX:031820' s Days Payable Range Over the Past 10 Years
Min: 61.02 Med: 100.42 Max: 135.45
Current: 61.02

During the past 13 years, Comtec Systems Co's highest Days Payable was 135.45. The lowest was 61.02. And the median was 100.42.

XKRX:031820's Days Payable is ranked worse than
57.78% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs XKRX:031820: 61.02

Comtec Systems Co's Days Payable increased from Sep. 2023 (55.57) to Sep. 2024 (55.86). It may suggest that Comtec Systems Co delayed paying its suppliers.

Comtec Systems Co Days Payable Historical Data

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

Comtec Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.47

92.61

82.53

79.89

73.98

Comtec Systems Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															55.57	58.81	71.01	49.63	55.86

Competitive Comparison of Comtec Systems Co's Days Payable

For the Communication Equipment subindustry, Comtec 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.

Comtec Systems Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comtec Systems Co's Days Payable distribution charts can be found below:

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

Comtec 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.

Comtec 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
=	( (173330.627	+	141363.246)	/	2 )	/	776268.631	*	365
=	157346.9365					/	776268.631	*	365
=	73.98

Comtec Systems Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (97241.712	+	151461.213)	/	2 )	/	203124.167	*	365 / 4
=	124351.4625					/	203124.167	*	365 / 4
=	55.86

Comtec Systems Co Days Payable Related Terms

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Comtec Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comtec Systems Co Ltd (XKRX:031820) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

779-10 Daerim 3-dong, Yeongdeungpo-gu, Seoul, KOR, 150-073

Website

http://www.comtec.co.kr

Comtec Systems Co Ltd engaged in the provision of network integration systems for financial area. The company provides integration systems used for the construction of local area networks and wide area networks.

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