FORMETAL Co (XKRX:119500) Days Payable : 39.93 (As of Sep. 2024)

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What is FORMETAL Co Days Payable?

FORMETAL Co's average Accounts Payable for the three months ended in Sep. 2024 was ₩6,380 Mil. FORMETAL Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩14,582 Mil. Hence, FORMETAL Co's Days Payable for the three months ended in Sep. 2024 was 39.93.

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

XKRX:119500' s Days Payable Range Over the Past 10 Years
Min: 36.54 Med: 45.95 Max: 56.22
Current: 38.88

During the past 13 years, FORMETAL Co's highest Days Payable was 56.22. The lowest was 36.54. And the median was 45.95.

XKRX:119500's Days Payable is ranked worse than
80.15% of 2947 companies
in the Industrial Products industry
Industry Median: 76.04 vs XKRX:119500: 38.88

FORMETAL Co's Days Payable declined from Sep. 2023 (44.85) to Sep. 2024 (39.93). It may suggest that FORMETAL Co accelerated paying its suppliers.

FORMETAL Co Days Payable Historical Data

The historical data trend for FORMETAL 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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FORMETAL Co Days Payable Chart

FORMETAL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.55

44.96

36.54

36.95

38.47

FORMETAL Co 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															44.85	39.25	38.65	41.17	39.93

Competitive Comparison of FORMETAL Co's Days Payable

For the Metal Fabrication subindustry, FORMETAL 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.

FORMETAL Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FORMETAL Co's Days Payable distribution charts can be found below:

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

FORMETAL 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.

FORMETAL 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
=	( (7190.845	+	6488.85)	/	2 )	/	64894.516	*	365
=	6839.8475					/	64894.516	*	365
=	38.47

FORMETAL Co'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
=	( (7696.359	+	5064.118)	/	2 )	/	14582.217	*	365 / 4
=	6380.2385					/	14582.217	*	365 / 4
=	39.93

FORMETAL Co Days Payable Related Terms

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FORMETAL Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

FORMETAL Co Headlines

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