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Baiksan CoXKRX:035150 -0.66%82 Days Payable is 45.90 as of Jun. 2026, which is 10% above its 10-year median of 41.86. GuruFocus rates XKRX:035150 with a GF Score™ of 82/100 and a GF Value™ of ₩15,571.14 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,027 Manufacturing - Apparel & Accessories companies, Baiksan Co ranks worse than 58.91% on this metric.
Baiksan Co's average Accounts Payable for the
three
months ended in Jun. 2026 was ₩48,393 Mil. Baiksan Co's Cost of Goods Sold for the
three
months ended in Jun. 2026 was ₩96,211 Mil.
Hence, Baiksan Co's Days Payable for the
three
months ended in Jun. 2026 was 45.90.
The historical rank and industry rank for Baiksan Co's Days Payable or its related term are showing as below:
XKRX:035150'
s Days Payable Range Over the Past 10 Years
Min: 31.51 Med: 41.86 Max: 49.03
Current: 44.37
During the past 13 years, Baiksan Co's highest Days Payable was 49.03. The lowest was 31.51. And the median was 41.86.
XKRX:035150's Days Payable is ranked worse than 58.91% of 1027
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.08
vs XKRX:035150: 44.37
Baiksan Co's Days Payable
increased
from Jun. 2025 (45.23) to Jun. 2026 (45.90).
It may suggest that Baiksan Codelayed paying its suppliers.
The historical data trend for Baiksan 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.
XKRX:035150 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Baiksan 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.
Baiksan Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Baiksan Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Baiksan Co's Days Payable falls into.
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.
Baiksan Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Baiksan Co (XKRX:035150) has a Days Payable of 45.90 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Baiksan Co and its competitors. This is 10% above median its historical median of 41.86. Over the past decade, Baiksan Co's Days Payable has ranged from 31.51 to 49.03. According to the industry distribution chart, Baiksan Co ranks #605 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 58.9%.
Is Baiksan Co's Days Payable too high?
Baiksan Co's current Days Payable of 45.90 is 10% above median its 10-year median of 41.86. Over the past 10 years, this metric has ranged from a low of 31.51 to a high of 49.03. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.08. Baiksan Co's value of 45.90 is 13.5% below this industry median. Based on the distribution chart, Baiksan Co ranks #605 out of 1027 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Baiksan Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Baiksan Co's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Baiksan Co ranks #605 out of 1027 companies for Days Payable. This places Baiksan Co in the lower half of its industry. The industry median Days Payable is 53.08. Baiksan Co's value of 45.90 is 13.5% below this benchmark. Historically, Baiksan Co's own Days Payable has ranged from 31.51 to 49.03 over the past decade. While the company's 10-year median is 41.86 vs. the industry median of 53.08, Baiksan Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.08, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Baiksan Co's current Days Payable of 45.90 is 13.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Baiksan Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baiksan Co's current Days Payable is 45.90, which is 10% above median its own 10-year median of 41.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baiksan Co stock overvalued right now?
Based on GuruFocus' analysis, Baiksan Co (XKRX:035150) is currently considered Significantly Undervalued. The stock's GF Value™ is ₩15,571.14, compared to a current price of ₩10,600.00 — trading 31.9% below its estimated fair value. The current Days Payable is 45.90, which is 10% above median its 10-year median of 41.86 and 13.5% below the Manufacturing - Apparel & Accessories industry median of 53.08. Baiksan Co's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Baiksan Co (XKRX:035150), the current Days Payable is 45.90 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Baiksan Co (XKRX:035150) Overvalued in 2026?
Based on GuruFocus' analysis, Baiksan Co stock appears to be undervalued.
The current stock price of ₩10,600.00 is trading 31.9% below its estimated GF Value™ of ₩15,571.14.
GuruFocus considers Baiksan Co to be Significantly Undervalued.
Key valuation signals for XKRX:035150:
Days Payable: 45.90 (10% above median its 10-year median of 41.86)
GF Value™: ₩15,571.14 vs. price of ₩10,600.00 (31.9% below fair value)
Industry Position: 13.5% below the Manufacturing - Apparel & Accessories median (#605 of 1027)
No single metric tells the full story. See the XKRX:035150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baiksan Co Ltd is a South Korea-based company engaged in the industry of artificial leather manufacturing, finance, trade, and clothing production and export. Along with subsiidary the company manufactures and sells synthetic leather using polyurethane synthetic resin and non-woven fabric as foaming agents. The main uses of polyurethane synthetic leather are diverse, ranging from shoes, clothing, and bags to balls, sporting goods, electronic product cases, furniture, automobile interior materials, and miscellaneous goods, and the demand continues to increase as the use develops.
82GF Score
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