Haisung Aero-Robotics Co (XKRX:059270) Days Payable : 52.88 (As of Mar. 2024)

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What is Haisung Aero-Robotics Co Days Payable?

Haisung Aero-Robotics Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,694 Mil. Haisung Aero-Robotics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩2,924 Mil. Hence, Haisung Aero-Robotics Co's Days Payable for the three months ended in Mar. 2024 was 52.88.

The historical rank and industry rank for Haisung Aero-Robotics Co's Days Payable or its related term are showing as below:

XKRX:059270' s Days Payable Range Over the Past 10 Years
Min: 42.32 Med: 47.51 Max: 60.38
Current: 42.58

During the past 7 years, Haisung Aero-Robotics Co's highest Days Payable was 60.38. The lowest was 42.32. And the median was 47.51.

XKRX:059270's Days Payable is ranked worse than
76.94% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs XKRX:059270: 42.58

Haisung Aero-Robotics Co's Days Payable increased from Mar. 2023 (42.09) to Mar. 2024 (52.88). It may suggest that Haisung Aero-Robotics Co delayed paying its suppliers.

Haisung Aero-Robotics Co Days Payable Historical Data

The historical data trend for Haisung Aero-Robotics 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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Haisung Aero-Robotics Co Days Payable Chart

Haisung Aero-Robotics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.10

42.52

47.51

48.13

42.32

Haisung Aero-Robotics Co Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													42.09	35.92	43.70	49.72	52.88

Competitive Comparison of Haisung Aero-Robotics Co's Days Payable

For the Specialty Industrial Machinery subindustry, Haisung Aero-Robotics 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.

Haisung Aero-Robotics Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haisung Aero-Robotics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Haisung Aero-Robotics Co's Days Payable falls into.

Haisung Aero-Robotics 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.

Haisung Aero-Robotics 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
=	( (1255.615	+	1523.617)	/	2 )	/	11984.407	*	365
=	1389.616					/	11984.407	*	365
=	42.32

Haisung Aero-Robotics 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
=	( (1523.617	+	1865.077)	/	2 )	/	2923.901	*	365 / 4
=	1694.347					/	2923.901	*	365 / 4
=	52.88

Haisung Aero-Robotics Co Days Payable Related Terms

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Haisung Aero-Robotics Co (XKRX:059270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haisung Aero-Robotics Co Ltd (XKRX:059270) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

132B-6L, 551 Neungheodae-ro, Namdong-gu, Incheon, KOR, 21699

Website

http://www.haisung.co.kr

Haisung TPC Co Ltd is a gear, decelerator, and accelerator manufacturing technology developer. The company produces and sells elevator decelerator, industrial decelerator, cycloid decelerator, and other products.

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