Sonid (XKRX:060230) Days Payable : 16.82 (As of Sep. 2024)

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What is Sonid Days Payable?

Sonid's average Accounts Payable for the three months ended in Sep. 2024 was ₩3,031 Mil. Sonid's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩16,442 Mil. Hence, Sonid's Days Payable for the three months ended in Sep. 2024 was 16.82.

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

XKRX:060230' s Days Payable Range Over the Past 10 Years
Min: 18.64 Med: 59.3 Max: 71.69
Current: 18.64

During the past 13 years, Sonid's highest Days Payable was 71.69. The lowest was 18.64. And the median was 59.30.

XKRX:060230's Days Payable is ranked worse than
91.79% of 1510 companies
in the Chemicals industry
Industry Median: 59.245 vs XKRX:060230: 18.64

Sonid's Days Payable declined from Sep. 2023 (94.99) to Sep. 2024 (16.82). It may suggest that Sonid accelerated paying its suppliers.

Sonid Days Payable Historical Data

The historical data trend for Sonid'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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Sonid Days Payable Chart

Sonid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.14

43.33

49.25

63.95

46.21

Sonid Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															94.99	23.36	17.92	19.21	16.82

Competitive Comparison of Sonid's Days Payable

For the Chemicals subindustry, Sonid'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.

Sonid's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sonid's Days Payable distribution charts can be found below:

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

Sonid 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.

Sonid'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
=	( (6800.282	+	2915.411)	/	2 )	/	38372.94	*	365
=	4857.8465					/	38372.94	*	365
=	46.21

Sonid's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3342.657	+	2719.014)	/	2 )	/	16441.984	*	365 / 4
=	3030.8355					/	16441.984	*	365 / 4
=	16.82

Sonid Days Payable Related Terms

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Sonid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sonid Inc (XKRX:060230) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

50, 2gongdan 7gil, Seobuk-gu, Chungcheongnam-do, Cheonan-si, KOR

Website

http://www.exax.co.kr

Sonid Inc, formerly Yapex Inc is involved in manufacturing and selling chemicals, electronic materials, and printed electronics in Korea. It offers chemical products for display manufacturing products, such as cleaners; developing chemicals to develop photo resist and dry film resist in the process of photolithography; wet etchants used for manufacturing photo-mask, a-si, LTPS, Oxide TFT, and TSP; and stripping chemicals to remove photo resist remained on LCD panel.

Sonid Headlines

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