JangWonTech Co (XKRX:174880) Days Payable : 55.43 (As of Mar. 2024)

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What is JangWonTech Co Days Payable?

JangWonTech Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩9,162 Mil. JangWonTech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩15,083 Mil. Hence, JangWonTech Co's Days Payable for the three months ended in Mar. 2024 was 55.43.

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

XKRX:174880' s Days Payable Range Over the Past 10 Years
Min: 25.22 Med: 37.95 Max: 64
Current: 61.46

During the past 10 years, JangWonTech Co's highest Days Payable was 64.00. The lowest was 25.22. And the median was 37.95.

XKRX:174880's Days Payable is not ranked
in the Industrial Products industry.
Industry Median: 76.43 vs XKRX:174880: 61.46

JangWonTech Co's Days Payable declined from Mar. 2023 (73.72) to Mar. 2024 (55.43). It may suggest that JangWonTech Co accelerated paying its suppliers.

JangWonTech Co Days Payable Historical Data

The historical data trend for JangWonTech 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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JangWonTech Co Days Payable Chart

JangWonTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

30.95

25.22

40.36

64.00

62.87

JangWonTech 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															73.72	77.32	50.77	54.55	55.43

Competitive Comparison of JangWonTech Co's Days Payable

For the Electrical Equipment & Parts subindustry, JangWonTech 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.

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

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

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

JangWonTech 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.

JangWonTech 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
=	( (8540.109	+	8614.083)	/	2 )	/	49797.463	*	365
=	8577.096					/	49797.463	*	365
=	62.87

JangWonTech 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
=	( (8614.083	+	9710.512)	/	2 )	/	15082.89	*	365 / 4
=	9162.2975					/	15082.89	*	365 / 4
=	55.43

JangWonTech Co Days Payable Related Terms

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JangWonTech Co (XKRX:174880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JangWonTech Co Ltd (XKRX:174880) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

14-9, 1 gongdan-ro 7-gil, Gyeongsangbuk-do, Gumi, KOR

Website

http://www.jangwontech.co.kr

JangWonTech Co Ltd is a die casting company. The business activities of the group include light metal die casting, post processing, painting and Surface treatment.

JangWonTech Co (XKRX:174880) Headlines

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