Tongyang Pile (XKRX:228340) Days Payable : 24.47 (As of Mar. 2024)

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What is Tongyang Pile Days Payable?

Tongyang Pile's average Accounts Payable for the three months ended in Mar. 2024 was ₩3,536 Mil. Tongyang Pile's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩13,183 Mil. Hence, Tongyang Pile's Days Payable for the three months ended in Mar. 2024 was 24.47.

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

XKRX:228340' s Days Payable Range Over the Past 10 Years
Min: 23.17 Med: 34.01 Max: 60.96
Current: 23.17

During the past 10 years, Tongyang Pile's highest Days Payable was 60.96. The lowest was 23.17. And the median was 34.01.

XKRX:228340's Days Payable is ranked worse than
91.08% of 370 companies
in the Building Materials industry
Industry Median: 66.355 vs XKRX:228340: 23.17

Tongyang Pile's Days Payable increased from Mar. 2023 (21.68) to Mar. 2024 (24.47). It may suggest that Tongyang Pile delayed paying its suppliers.

Tongyang Pile Days Payable Historical Data

The historical data trend for Tongyang Pile'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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Tongyang Pile Days Payable Chart

Tongyang Pile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.47

34.43

33.59

28.30

23.85

Tongyang Pile 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															21.68	24.19	29.87	16.82	24.47

Competitive Comparison of Tongyang Pile's Days Payable

For the Building Materials subindustry, Tongyang Pile'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.

Tongyang Pile's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tongyang Pile's Days Payable distribution charts can be found below:

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

Tongyang Pile 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.

Tongyang Pile'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
=	( (3354.417	+	3923.048)	/	2 )	/	55685.988	*	365
=	3638.7325					/	55685.988	*	365
=	23.85

Tongyang Pile'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
=	( (3923.048	+	3148.128)	/	2 )	/	13182.508	*	365 / 4
=	3535.588					/	13182.508	*	365 / 4
=	24.47

Tongyang Pile Days Payable Related Terms

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Tongyang Pile (XKRX:228340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tongyang Pile Inc (XKRX:228340) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

16-127 Asan spa-ro, Yeomchi-eup, Chungcheongnam-do, Asan-si, KOR, 31 442

Website

http://www.tongyangphc.com

Tongyang Pile Inc is a South Korea based company engaged in manufacturing cement, lime, gypsum and related products.

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