SOLBORN (XKRX:035610) Days Payable : 59.09 (As of Mar. 2024)

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What is SOLBORN Days Payable?

SOLBORN's average Accounts Payable for the three months ended in Mar. 2024 was ₩6,469 Mil. SOLBORN's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩9,990 Mil. Hence, SOLBORN's Days Payable for the three months ended in Mar. 2024 was 59.09.

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

XKRX:035610' s Days Payable Range Over the Past 10 Years
Min: 23.54 Med: 48.58 Max: 70.94
Current: 47.83

During the past 13 years, SOLBORN's highest Days Payable was 70.94. The lowest was 23.54. And the median was 48.58.

XKRX:035610's Days Payable is ranked worse than
59.83% of 473 companies
in the Conglomerates industry
Industry Median: 59.54 vs XKRX:035610: 47.83

SOLBORN's Days Payable declined from Mar. 2023 (61.92) to Mar. 2024 (59.09). It may suggest that SOLBORN accelerated paying its suppliers.

SOLBORN Days Payable Historical Data

The historical data trend for SOLBORN'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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SOLBORN Days Payable Chart

SOLBORN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.87

48.03

37.19

23.54

49.21

SOLBORN 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															61.92	54.42	28.87	48.74	59.09

Competitive Comparison of SOLBORN's Days Payable

For the Conglomerates subindustry, SOLBORN'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.

SOLBORN's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, SOLBORN's Days Payable distribution charts can be found below:

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

SOLBORN 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.

SOLBORN'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
=	( (4921.91	+	5988.84)	/	2 )	/	40461.878	*	365
=	5455.375					/	40461.878	*	365
=	49.21

SOLBORN'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
=	( (5988.84	+	6949.248)	/	2 )	/	9990.477	*	365 / 4
=	6469.044					/	9990.477	*	365 / 4
=	59.09

SOLBORN Days Payable Related Terms

Thank you for viewing the detailed overview of SOLBORN's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

SOLBORN (XKRX:035610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SOLBORN Inc (XKRX:035610) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

66-4, Cheongdam-dong, Gangnam-gu, Seoul, KOR

Website

http://www.solborn.co.kr

Solborn, Inc is a holding company which invests and manages other companies engaged in manufacture of medical image processing systems, newspaper publishing and printing.

SOLBORN (XKRX:035610) Headlines

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