Neorigin Co (XKRX:094860) Days Payable : 56.47 (As of Dec. 2023)

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What is Neorigin Co Days Payable?

Neorigin Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩1,147 Mil. Neorigin Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩1,853 Mil. Hence, Neorigin Co's Days Payable for the three months ended in Dec. 2023 was 56.47.

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

XKRX:094860' s Days Payable Range Over the Past 10 Years
Min: 27.31 Med: 54.56 Max: 287.39
Current: 33.79

During the past 13 years, Neorigin Co's highest Days Payable was 287.39. The lowest was 27.31. And the median was 54.56.

XKRX:094860's Days Payable is ranked worse than
62.97% of 2528 companies
in the Software industry
Industry Median: 50.5 vs XKRX:094860: 33.79

Neorigin Co's Days Payable increased from Dec. 2022 (34.92) to Dec. 2023 (56.47). It may suggest that Neorigin Co delayed paying its suppliers.

Neorigin Co Days Payable Historical Data

The historical data trend for Neorigin 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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Neorigin Co Days Payable Chart

Neorigin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.80

27.31

30.76

39.18

36.97

Neorigin Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															34.92	36.93	34.33	20.35	56.47

Competitive Comparison of Neorigin Co's Days Payable

For the Software - Infrastructure subindustry, Neorigin 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.

Neorigin Co's Days Payable Distribution in the Software Industry

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

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

Neorigin 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.

Neorigin 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
=	( (2560.338	+	1734.329)	/	2 )	/	21201.323	*	365
=	2147.3335					/	21201.323	*	365
=	36.97

Neorigin Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (558.995	+	1734.329)	/	2 )	/	1852.787	*	365 / 4
=	1146.662					/	1852.787	*	365 / 4
=	56.47

Neorigin Co Days Payable Related Terms

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Neorigin Co (XKRX:094860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neorigin Co Ltd (XKRX:094860) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

155, Hakdong-ro, 3rd and 4th Floor, Wonyoung Building, Gangnam-gu, Seoul, KOR, 135-010

Website

http://www.kornicglory.co.kr

Neorigin Co Ltd, formerly KORNIC GLORY Co Ltd is engaged in providing network security solutions for public and educational institutes in Korea and internationally. The company offers security solutions, including TESS TMS and TESS TMS V6.0, which are cyber threat management systems; TESS AIRTMS, a wireless intrusion prevention system; and TESS TMX, a threat management system for measurement and overall management. It also provides a security risk management system for enterprises.

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