ALT Co (XKRX:172670) Days Payable : 0.91 (As of Mar. 2024)

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What is ALT Co Days Payable?

ALT Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩109 Mil. ALT Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩10,970 Mil. Hence, ALT Co's Days Payable for the three months ended in Mar. 2024 was 0.91.

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

XKRX:172670' s Days Payable Range Over the Past 10 Years
Min: 0.94 Med: 1.03 Max: 1.12
Current: 1.1

During the past 2 years, ALT Co's highest Days Payable was 1.12. The lowest was 0.94. And the median was 1.03.

XKRX:172670's Days Payable is ranked worse than
99.69% of 966 companies
in the Semiconductors industry
Industry Median: 51.69 vs XKRX:172670: 1.10

ALT Co's Days Payable declined from Mar. 2023 (1.01) to Mar. 2024 (0.91). It may suggest that ALT Co accelerated paying its suppliers.

ALT Co Days Payable Historical Data

The historical data trend for ALT 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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ALT Co Days Payable Chart

ALT Co Annual Data

Trend

Dec22

Dec23

Days Payable

1.12

0.94

ALT Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			1.01	1.69	1.15	0.89	0.91

Competitive Comparison of ALT Co's Days Payable

For the Semiconductors subindustry, ALT 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.

ALT Co's Days Payable Distribution in the Semiconductors Industry

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

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

ALT 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.

ALT 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
=	( (98.101	+	94.573)	/	2 )	/	37498.17	*	365
=	96.337					/	37498.17	*	365
=	0.94

ALT 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
=	( (94.573	+	124.331)	/	2 )	/	10970.382	*	365 / 4
=	109.452					/	10970.382	*	365 / 4
=	0.91

ALT Co Days Payable Related Terms

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ALT Co (XKRX:172670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ALT Co Ltd (XKRX:172670) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

82-19 Sciencesaneop 1-ro, Oksan-myeon, Heungdeok-gu, Chungcheongbuk-do, Cheongju-si, KOR

Website

http://www.alt-s.kr

ALT Co Ltd offers testing in the post-process of the non-memory semiconductor value chain. Its main business is testing high-level products such as Display Drive IC, CMOS image sensors, and Power Management IC among non-memory semiconductor products.

ALT Co (XKRX:172670) Headlines

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