Dae Dong Steel Co (XKRX:048470) Days Payable : 37.36 (As of Mar. 2024)

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What is Dae Dong Steel Co Days Payable?

Dae Dong Steel Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩12,561 Mil. Dae Dong Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩30,684 Mil. Hence, Dae Dong Steel Co's Days Payable for the three months ended in Mar. 2024 was 37.36.

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

XKRX:048470' s Days Payable Range Over the Past 10 Years
Min: 23.64 Med: 32.68 Max: 38.75
Current: 34.96

During the past 13 years, Dae Dong Steel Co's highest Days Payable was 38.75. The lowest was 23.64. And the median was 32.68.

XKRX:048470's Days Payable is ranked worse than
58.53% of 586 companies
in the Steel industry
Industry Median: 41.43 vs XKRX:048470: 34.96

Dae Dong Steel Co's Days Payable increased from Mar. 2023 (33.95) to Mar. 2024 (37.36). It may suggest that Dae Dong Steel Co delayed paying its suppliers.

Dae Dong Steel Co Days Payable Historical Data

The historical data trend for Dae Dong Steel 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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Dae Dong Steel Co Days Payable Chart

Dae Dong Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.47

37.64

32.51

23.64

29.52

Dae Dong Steel 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															33.95	37.89	37.28	27.91	37.36

Competitive Comparison of Dae Dong Steel Co's Days Payable

For the Steel subindustry, Dae Dong Steel 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.

Dae Dong Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dae Dong Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dae Dong Steel Co's Days Payable falls into.

Dae Dong Steel 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.

Dae Dong Steel 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
=	( (8524.185	+	13273.927)	/	2 )	/	134761.955	*	365
=	10899.056					/	134761.955	*	365
=	29.52

Dae Dong Steel 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
=	( (13273.927	+	11848.749)	/	2 )	/	30683.833	*	365 / 4
=	12561.338					/	30683.833	*	365 / 4
=	37.36

Dae Dong Steel Co Days Payable Related Terms

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Dae Dong Steel Co (XKRX:048470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dae Dong Steel Co Ltd (XKRX:048470) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

44-1, Yeouido-Dong, Yeongdeungpo-gu, Seoul, KOR, 150-010

Website

http://www.daedongsteel.co.kr

Dae Dong Steel Co Ltd is a manufacturer of steel products in Korea.

Dae Dong Steel Co (XKRX:048470) Headlines

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