NewFlex Technology Co (XKRX:085670) Days Payable : 49.41 (As of Mar. 2024)

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What is NewFlex Technology Co Days Payable?

NewFlex Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩21,188 Mil. NewFlex Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩39,128 Mil. Hence, NewFlex Technology Co's Days Payable for the three months ended in Mar. 2024 was 49.41.

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

XKRX:085670' s Days Payable Range Over the Past 10 Years
Min: 40.85 Med: 54.84 Max: 66.03
Current: 54.84

During the past 13 years, NewFlex Technology Co's highest Days Payable was 66.03. The lowest was 40.85. And the median was 54.84.

XKRX:085670's Days Payable is ranked worse than
62.85% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs XKRX:085670: 54.84

NewFlex Technology Co's Days Payable declined from Mar. 2023 (50.52) to Mar. 2024 (49.41). It may suggest that NewFlex Technology Co accelerated paying its suppliers.

NewFlex Technology Co Days Payable Historical Data

The historical data trend for NewFlex Technology 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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NewFlex Technology Co Days Payable Chart

NewFlex Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.60

46.91

66.03

54.40

56.56

NewFlex Technology 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															50.52	54.65	51.09	47.37	49.41

Competitive Comparison of NewFlex Technology Co's Days Payable

For the Electronic Components subindustry, NewFlex Technology 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.

NewFlex Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NewFlex Technology Co's Days Payable distribution charts can be found below:

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

NewFlex Technology 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.

NewFlex Technology 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
=	( (30880.523	+	21187.894)	/	2 )	/	167994.891	*	365
=	26034.2085					/	167994.891	*	365
=	56.56

NewFlex Technology 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
=	( (21187.894	+	0)	/	1 )	/	39128.074	*	365 / 4
=	21187.894					/	39128.074	*	365 / 4
=	49.41

NewFlex Technology Co Days Payable Related Terms

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NewFlex Technology Co (XKRX:085670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NewFlex Technology Co Ltd (XKRX:085670) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

603-4 Banwoul Industry Complex, 1055 Shingil-dong, Danwon-gu, Ansan, Gyeonggi, KOR, 425-839

Website

http://www.newflex.co.kr

NewFlex Technology Co Ltd is involved in manufacturing and selling flexible printed circuit boards products in South Korea. The company offers single side, double side, multi-layer, rigid, and build-up and IVH flexible printed circuit boards, as well as metal, printed circuit boards. Its products are primarily used in mobile, LED, and IT parts.

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