Cherrybro Co (XKRX:066360) Days Payable : 24.27 (As of Mar. 2024)

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What is Cherrybro Co Days Payable?

Cherrybro Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩23,512 Mil. Cherrybro Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩88,386 Mil. Hence, Cherrybro Co's Days Payable for the three months ended in Mar. 2024 was 24.27.

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

XKRX:066360' s Days Payable Range Over the Past 10 Years
Min: 10.39 Med: 16.22 Max: 22.66
Current: 22.31

During the past 9 years, Cherrybro Co's highest Days Payable was 22.66. The lowest was 10.39. And the median was 16.22.

XKRX:066360's Days Payable is ranked worse than
83.43% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs XKRX:066360: 22.31

Cherrybro Co's Days Payable increased from Mar. 2023 (21.57) to Mar. 2024 (24.27). It may suggest that Cherrybro Co delayed paying its suppliers.

Cherrybro Co Days Payable Historical Data

The historical data trend for Cherrybro 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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Cherrybro Co Days Payable Chart

Cherrybro Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.22

19.12

19.95

20.50

22.66

Cherrybro 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															21.57	20.19	20.52	23.82	24.27

Competitive Comparison of Cherrybro Co's Days Payable

For the Packaged Foods subindustry, Cherrybro 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.

Cherrybro Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cherrybro Co's Days Payable distribution charts can be found below:

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

Cherrybro 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.

Cherrybro 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
=	( (20607.657	+	21683.814)	/	2 )	/	340683.779	*	365
=	21145.7355					/	340683.779	*	365
=	22.66

Cherrybro 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
=	( (21683.814	+	25339.604)	/	2 )	/	88385.708	*	365 / 4
=	23511.709					/	88385.708	*	365 / 4
=	24.27

Cherrybro Co Days Payable Related Terms

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Cherrybro Co (XKRX:066360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cherrybro Co Ltd (XKRX:066360) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1770, Saenggeojincheon-ro Iwol-myeon, Jincheon-gun, Chungbuk, Incheon, KOR

Website

http://www.cherrybro.com

Cherrybro Co Ltd is a chicken company. It is engaged in breeding, production, distribution, and research and development division. The company also conducts testing and consulting on poultry disease for outdoor farmers, and clinical trials for veterinary drugs. Its product offerings include kokhen, crispy chicken, mountain chickens, cheery duck, Jeju chicken, chicken nuggets, smoked cherry duck, lower wing, among others.

Cherrybro Co (XKRX:066360) Headlines

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