Gritee (XKRX:204020) Days Payable : 34.18 (As of Mar. 2024)

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What is Gritee Days Payable?

Gritee's average Accounts Payable for the three months ended in Mar. 2024 was ₩6,087 Mil. Gritee's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩16,251 Mil. Hence, Gritee's Days Payable for the three months ended in Mar. 2024 was 34.18.

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

XKRX:204020' s Days Payable Range Over the Past 10 Years
Min: 19.04 Med: 33.53 Max: 37.16
Current: 34.16

During the past 10 years, Gritee's highest Days Payable was 37.16. The lowest was 19.04. And the median was 33.53.

XKRX:204020's Days Payable is ranked worse than
71.16% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs XKRX:204020: 34.16

Gritee's Days Payable declined from Mar. 2023 (39.02) to Mar. 2024 (34.18). It may suggest that Gritee accelerated paying its suppliers.

Gritee Days Payable Historical Data

The historical data trend for Gritee'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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Gritee Days Payable Chart

Gritee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.16

35.90

34.83

27.31

19.04

Gritee 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															39.02	36.76	26.23	23.19	34.18

Competitive Comparison of Gritee's Days Payable

For the Apparel Retail subindustry, Gritee'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.

Gritee's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gritee's Days Payable distribution charts can be found below:

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

Gritee 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.

Gritee'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
=	( (4606.465	+	2742.007)	/	2 )	/	70431.325	*	365
=	3674.236					/	70431.325	*	365
=	19.04

Gritee'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
=	( (2742.007	+	9432.777)	/	2 )	/	16250.724	*	365 / 4
=	6087.392					/	16250.724	*	365 / 4
=	34.18

Gritee Days Payable Related Terms

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Gritee (XKRX:204020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gritee Inc (XKRX:204020) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Eonju-ro 151-gil, Sinsa-dong, Gangnam-gu, Seoul, KOR, 135-895

Website

http://www.gritees.com

Gritee Inc, formerly M Corset Inc is engaged in retail sale of innerwears. The company sells innerwears under the brands wonderbra, himico, playfex, crocodile innerwear, and maidenform.

Gritee (XKRX:204020) Headlines

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