Axgate Co (XKRX:356680) Days Payable : 32.85 (As of Mar. 2024)

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What is Axgate Co Days Payable?

Axgate Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,089 Mil. Axgate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩3,024 Mil. Hence, Axgate Co's Days Payable for the three months ended in Mar. 2024 was 32.85.

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

XKRX:356680' s Days Payable Range Over the Past 10 Years
Min: 28.04 Med: 59.07 Max: 88.95
Current: 28.04

During the past 6 years, Axgate Co's highest Days Payable was 88.95. The lowest was 28.04. And the median was 59.07.

XKRX:356680's Days Payable is ranked worse than
69.35% of 2525 companies
in the Software industry
Industry Median: 49.58 vs XKRX:356680: 28.04

Axgate Co's Days Payable declined from Mar. 2023 (77.39) to Mar. 2024 (32.85). It may suggest that Axgate Co accelerated paying its suppliers.

Axgate Co Days Payable Historical Data

The historical data trend for Axgate 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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Axgate Co Days Payable Chart

Axgate Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.13

30.22

69.83

88.95

52.16

Axgate Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					77.39	42.64	41.28	15.98	32.85

Competitive Comparison of Axgate Co's Days Payable

For the Software - Application subindustry, Axgate 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.

Axgate Co's Days Payable Distribution in the Software Industry

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

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

Axgate 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.

Axgate 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
=	( (2939.097	+	1672.758)	/	2 )	/	16136.437	*	365
=	2305.9275					/	16136.437	*	365
=	52.16

Axgate 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
=	( (1672.758	+	504.328)	/	2 )	/	3023.552	*	365 / 4
=	1088.543					/	3023.552	*	365 / 4
=	32.85

Axgate Co Days Payable Related Terms

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Axgate Co (XKRX:356680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Axgate Co Ltd (XKRX:356680) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Yeongdong-daero 85-gil, 5th Floor, Daechi-dong 950-1, Songseok Building, Gangnam-gu, Seoul, KOR

Website

http://www.axgate.com

Axgate Co Ltd is engaged in network security solutions and control services. The company develops control systems, network security systems, and other products. Its products comprise integrated wired and wireless solutions, axgate series nest generation firewall, remote power control solutions, integrated security control systems, and web service security control systems.

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