ITCEN Co (XKRX:124500) Days Payable : 15.45 (As of Mar. 2024)

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What is ITCEN Co Days Payable?

ITCEN Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩148,045 Mil. ITCEN Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩874,183 Mil. Hence, ITCEN Co's Days Payable for the three months ended in Mar. 2024 was 15.45.

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

XKRX:124500' s Days Payable Range Over the Past 10 Years
Min: 10.95 Med: 29.08 Max: 60.51
Current: 17.8

During the past 11 years, ITCEN Co's highest Days Payable was 60.51. The lowest was 10.95. And the median was 29.08.

XKRX:124500's Days Payable is ranked worse than
82.53% of 2536 companies
in the Software industry
Industry Median: 50.42 vs XKRX:124500: 17.80

ITCEN Co's Days Payable declined from Mar. 2023 (24.65) to Mar. 2024 (15.45). It may suggest that ITCEN Co accelerated paying its suppliers.

ITCEN Co Days Payable Historical Data

The historical data trend for ITCEN 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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ITCEN Co Days Payable Chart

ITCEN Co Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.34

12.58

10.95

20.11

22.29

ITCEN 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															24.65	18.99	17.62	15.94	15.45

Competitive Comparison of ITCEN Co's Days Payable

For the Information Technology Services subindustry, ITCEN 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.

ITCEN Co's Days Payable Distribution in the Software Industry

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

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

ITCEN 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.

ITCEN 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
=	( (175576.258	+	148044.578)	/	2 )	/	2649260.03	*	365
=	161810.418					/	2649260.03	*	365
=	22.29

ITCEN 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
=	( (148044.578	+	0)	/	1 )	/	874182.789	*	365 / 4
=	148044.578					/	874182.789	*	365 / 4
=	15.45

ITCEN Co Days Payable Related Terms

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ITCEN Co (XKRX:124500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ITCEN Co Ltd (XKRX:124500) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Banpo-daero, Seocho-gu, Seoul, KOR, 137867

Website

http://www.itcensys.co.kr

ITCEN Co Ltd is engaged in Information technology sector. The company provides information systems design and development, information technology infrastructure and services. It also offers Information communication and technology services (ICT) from planning to development, building and further operation of the information system.

ITCEN Co (XKRX:124500) Headlines

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