Ajusteel Co (XKRX:139990) Days Payable : 75.96 (As of Mar. 2024)

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What is Ajusteel Co Days Payable?

Ajusteel Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩195,750 Mil. Ajusteel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩235,165 Mil. Hence, Ajusteel Co's Days Payable for the three months ended in Mar. 2024 was 75.96.

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

XKRX:139990' s Days Payable Range Over the Past 10 Years
Min: 47.36 Med: 57.44 Max: 72.34
Current: 72.34

During the past 5 years, Ajusteel Co's highest Days Payable was 72.34. The lowest was 47.36. And the median was 57.44.

XKRX:139990's Days Payable is ranked better than
71.33% of 586 companies
in the Steel industry
Industry Median: 41.43 vs XKRX:139990: 72.34

Ajusteel Co's Days Payable increased from Mar. 2023 (57.88) to Mar. 2024 (75.96). It may suggest that Ajusteel Co delayed paying its suppliers.

Ajusteel Co Days Payable Historical Data

The historical data trend for Ajusteel 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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Ajusteel Co Days Payable Chart

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

48.22

57.44

57.85

47.36

58.18

Ajusteel Co Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											57.88	65.81	73.36	81.85	75.96

Competitive Comparison of Ajusteel Co's Days Payable

For the Steel subindustry, Ajusteel 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.

Ajusteel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ajusteel Co's Days Payable distribution charts can be found below:

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

Ajusteel 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.

Ajusteel 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
=	( (98441.35	+	190464.695)	/	2 )	/	906320.89	*	365
=	144453.0225					/	906320.89	*	365
=	58.18

Ajusteel 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
=	( (190464.695	+	201035.411)	/	2 )	/	235165.298	*	365 / 4
=	195750.053					/	235165.298	*	365 / 4
=	75.96

Ajusteel Co Days Payable Related Terms

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Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

Ajusteel Co (XKRX:139990) Headlines

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