CMG Pharmaceutical Co (XKRX:058820) Days Payable : 67.70 (As of Mar. 2024)

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What is CMG Pharmaceutical Co Days Payable?

CMG Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩9,213 Mil. CMG Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩12,417 Mil. Hence, CMG Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 67.70.

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

XKRX:058820' s Days Payable Range Over the Past 10 Years
Min: 52.18 Med: 74.72 Max: 110.02
Current: 62.5

During the past 13 years, CMG Pharmaceutical Co's highest Days Payable was 110.02. The lowest was 52.18. And the median was 74.72.

XKRX:058820's Days Payable is ranked worse than
65.05% of 970 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs XKRX:058820: 62.50

CMG Pharmaceutical Co's Days Payable declined from Mar. 2023 (77.53) to Mar. 2024 (67.70). It may suggest that CMG Pharmaceutical Co accelerated paying its suppliers.

CMG Pharmaceutical Co Days Payable Historical Data

The historical data trend for CMG Pharmaceutical 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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CMG Pharmaceutical Co Days Payable Chart

CMG Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

52.18

54.44

53.84

71.96

74.31

CMG Pharmaceutical 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															77.53	64.81	54.90	57.91	67.70

Competitive Comparison of CMG Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, CMG Pharmaceutical 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.

CMG Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CMG Pharmaceutical Co's Days Payable distribution charts can be found below:

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

CMG Pharmaceutical 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.

CMG Pharmaceutical 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
=	( (11244.874	+	9197.321)	/	2 )	/	50203.948	*	365
=	10221.0975					/	50203.948	*	365
=	74.31

CMG Pharmaceutical 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
=	( (9197.321	+	9227.703)	/	2 )	/	12417.463	*	365 / 4
=	9212.512					/	12417.463	*	365 / 4
=	67.70

CMG Pharmaceutical Co Days Payable Related Terms

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CMG Pharmaceutical Co (XKRX:058820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CMG Pharmaceutical Co Ltd (XKRX:058820) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Cheongdam-dong 18-20, No. B01, Gangnam-gu, Seoul, KOR, 135-949

Website

http://www.cmgpharma.co.kr

CMG Pharmaceutical Co Ltd is the sole pharmaceutical company and an affiliate company of CHA Health Systems. CHA Health Systems are integrated systems which include medical school, pharmacy school, research institutes, general hospitals and many affiliates which are related to stem cell research, biotechnology and pharmaceutical business all over the world.

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