AFW Co (XKRX:312610) Days Payable : 14.76 (As of Mar. 2024)

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What is AFW Co Days Payable?

AFW Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩774 Mil. AFW Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩4,785 Mil. Hence, AFW Co's Days Payable for the three months ended in Mar. 2024 was 14.76.

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

XKRX:312610' s Days Payable Range Over the Past 10 Years
Min: 5.82 Med: 7.36 Max: 24.1
Current: 14.31

During the past 7 years, AFW Co's highest Days Payable was 24.10. The lowest was 5.82. And the median was 7.36.

XKRX:312610's Days Payable is ranked worse than
94.48% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs XKRX:312610: 14.31

AFW Co's Days Payable increased from Mar. 2023 (4.18) to Mar. 2024 (14.76). It may suggest that AFW Co delayed paying its suppliers.

AFW Co Days Payable Historical Data

The historical data trend for AFW 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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AFW Co Days Payable Chart

AFW Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.46

7.36

6.85

5.82

24.10

AFW 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															4.18	5.23	6.92	45.75	14.76

Competitive Comparison of AFW Co's Days Payable

For the Auto Parts subindustry, AFW 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.

AFW Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AFW Co's Days Payable distribution charts can be found below:

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

AFW 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.

AFW 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
=	( (45.165	+	899.882)	/	2 )	/	7157.659	*	365
=	472.5235					/	7157.659	*	365
=	24.10

AFW 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
=	( (899.882	+	647.943)	/	2 )	/	4785.198	*	365 / 4
=	773.9125					/	4785.198	*	365 / 4
=	14.76

AFW Co Days Payable Related Terms

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AFW Co (XKRX:312610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AFW Co Ltd (XKRX:312610) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

51 Gongdan-ro 1-gil, Waegwan-eup, Chilgok-gun, KOR

Website

http://www.asanfw.com

AFW Co Ltd is a South Korea based company specialized in friction welding. It provides parts to the electric vehicle manufacturers. The product portfolio of the company include Rivet Terminal, Fusing Busbar, Propeller Shaft, Brake Disk, Crank Shaft, Turbo Charger and Drill Rod among others.

AFW Co (XKRX:312610) Headlines

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