Secucen Co (XKRX:232830) Days Payable : 36.51 (As of Dec. 2023)

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What is Secucen Co Days Payable?

Secucen Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩1,539 Mil. Secucen Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩3,845 Mil. Hence, Secucen Co's Days Payable for the three months ended in Dec. 2023 was 36.51.

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

XKRX:232830' s Days Payable Range Over the Past 10 Years
Min: 31.09 Med: 53.14 Max: 406.37
Current: 43.35

During the past 10 years, Secucen Co's highest Days Payable was 406.37. The lowest was 31.09. And the median was 53.14.

XKRX:232830's Days Payable is ranked worse than
54.41% of 2531 companies
in the Software industry
Industry Median: 50.36 vs XKRX:232830: 43.35

Secucen Co's Days Payable increased from Dec. 2022 (32.83) to Dec. 2023 (36.51). It may suggest that Secucen Co delayed paying its suppliers.

Secucen Co Days Payable Historical Data

The historical data trend for Secucen 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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Secucen Co Days Payable Chart

Secucen Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.60

53.14

35.33

31.09

72.87

Secucen Co Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			32.83	48.80	28.95	25.84	36.51

Competitive Comparison of Secucen Co's Days Payable

For the Software - Infrastructure subindustry, Secucen 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.

Secucen Co's Days Payable Distribution in the Software Industry

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

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

Secucen 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.

Secucen 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
=	( (3335.46	+	2167.864)	/	2 )	/	13783.049	*	365
=	2751.662					/	13783.049	*	365
=	72.87

Secucen Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (909.585	+	2167.864)	/	2 )	/	3845.386	*	365 / 4
=	1538.7245					/	3845.386	*	365 / 4
=	36.51

Secucen Co Days Payable Related Terms

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Secucen Co (XKRX:232830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Secucen Co Ltd (XKRX:232830) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Banpo Road, 13th Aittsen Building, 2nd floor, Seocho-gu, Seoul, KOR, 02 841

Website

http://www.secucen.com

Secucen Co Ltd is an IT services company providing security solutions, electronic signature services, mobile security services and integrated security platform. Its security solutions services include providing encryption solution, financial transactions detection solution, tamper-proof solutions through different apps like Barun AppIron, Barun FDS, and Edge DB.

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