Miwon Specialty Chemical Co (XKRX:268280) Days Payable : 16.29 (As of Mar. 2024)

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What is Miwon Specialty Chemical Co Days Payable?

Miwon Specialty Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩18,225 Mil. Miwon Specialty Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩102,092 Mil. Hence, Miwon Specialty Chemical Co's Days Payable for the three months ended in Mar. 2024 was 16.29.

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

XKRX:268280' s Days Payable Range Over the Past 10 Years
Min: 16.49 Med: 20.81 Max: 28.86
Current: 16.49

During the past 7 years, Miwon Specialty Chemical Co's highest Days Payable was 28.86. The lowest was 16.49. And the median was 20.81.

XKRX:268280's Days Payable is ranked worse than
93.54% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs XKRX:268280: 16.49

Miwon Specialty Chemical Co's Days Payable declined from Mar. 2023 (18.00) to Mar. 2024 (16.29). It may suggest that Miwon Specialty Chemical Co accelerated paying its suppliers.

Miwon Specialty Chemical Co Days Payable Historical Data

The historical data trend for Miwon Specialty Chemical 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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Miwon Specialty Chemical Co Days Payable Chart

Miwon Specialty Chemical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.81

24.75

23.70

19.04

17.74

Miwon Specialty Chemical 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															18.00	15.61	14.56	18.13	16.29

Competitive Comparison of Miwon Specialty Chemical Co's Days Payable

For the Chemicals subindustry, Miwon Specialty Chemical 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.

Miwon Specialty Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Miwon Specialty Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Miwon Specialty Chemical Co's Days Payable falls into.

Miwon Specialty Chemical 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.

Miwon Specialty Chemical 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
=	( (19851.842	+	17426.461)	/	2 )	/	383562.931	*	365
=	18639.1515					/	383562.931	*	365
=	17.74

Miwon Specialty Chemical 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
=	( (17426.461	+	19023.255)	/	2 )	/	102091.846	*	365 / 4
=	18224.858					/	102091.846	*	365 / 4
=	16.29

Miwon Specialty Chemical Co Days Payable Related Terms

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Miwon Specialty Chemical Co (XKRX:268280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Miwon Specialty Chemical Co Ltd (XKRX:268280) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

20 Poeun-daero 59 beon-gil, Suji-gu, Gyeonggi-do, Yongin-si, KOR, 16864

Website

http://www.miramer.com

Miwon Specialty Chemical Co Ltd is engaged in producing and supplying basic raw materials for UV/EB curing systems. Its products include acrylate and methacrylate monomers, oligomers, photoinitiators and other related fine chemicals. The company has a business presence across the globe. The products offered by the organization has applications on wood, metal, plastic, nail art, printing inks, adhesive, electronic, CD/DVD/Bluray and optical film.

Miwon Specialty Chemical Co (XKRX:268280) Headlines

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