Daesung Energy Co (XKRX:117580) Days Payable : 56.15 (As of Dec. 2023)

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What is Daesung Energy Co Days Payable?

Daesung Energy Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩164,387 Mil. Daesung Energy Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩267,156 Mil. Hence, Daesung Energy Co's Days Payable for the three months ended in Dec. 2023 was 56.15.

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

XKRX:117580' s Days Payable Range Over the Past 10 Years
Min: 80.68 Med: 104.97 Max: 117.71
Current: 80.68

During the past 13 years, Daesung Energy Co's highest Days Payable was 117.71. The lowest was 80.68. And the median was 104.97.

XKRX:117580's Days Payable is ranked better than
61.13% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs XKRX:117580: 80.68

Daesung Energy Co's Days Payable increased from Dec. 2022 (54.95) to Dec. 2023 (56.15). It may suggest that Daesung Energy Co delayed paying its suppliers.

Daesung Energy Co Days Payable Historical Data

The historical data trend for Daesung Energy 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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Daesung Energy Co Days Payable Chart

Daesung Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

103.16

104.48

105.16

104.77

117.71

Daesung Energy 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															54.95	68.71	108.30	72.82	56.15

Competitive Comparison of Daesung Energy Co's Days Payable

For the Utilities - Regulated Gas subindustry, Daesung Energy 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.

Daesung Energy Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Daesung Energy Co's Days Payable distribution charts can be found below:

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

Daesung Energy 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.

Daesung Energy 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
=	( (312646.952	+	245281.687)	/	2 )	/	865004.747	*	365
=	278964.3195					/	865004.747	*	365
=	117.71

Daesung Energy 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
=	( (83491.747	+	245281.687)	/	2 )	/	267155.913	*	365 / 4
=	164386.717					/	267155.913	*	365 / 4
=	56.15

Daesung Energy Co Days Payable Related Terms

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Daesung Energy Co (XKRX:117580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Daesung Energy Co Ltd (XKRX:117580) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

85, Myeongdeok-ro, Jung-gu, Daegu, KOR, 700-440

Website

http://www.taegugas.co.kr

Daesung Energy Co Ltd is engaged in manufacturing and distribution of gas and gaseous fuel. It receives natural gas from Korea Gas Corporation and supplies gas to residential, commercial and industrial use. The company also provides hybrid wind and solar systems such as SolaWin, Landfill Gas (LFG), Solid Refuse Fuel (SRF), and Community Energy System (CES).

Daesung Energy Co (XKRX:117580) Headlines

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