Blitzway Studios Co (XKRX:369370) Days Payable : 1.88 (As of Mar. 2024)

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What is Blitzway Studios Co Days Payable?

Blitzway Studios Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩65 Mil. Blitzway Studios Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩3,155 Mil. Hence, Blitzway Studios Co's Days Payable for the three months ended in Mar. 2024 was 1.88.

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

XKRX:369370' s Days Payable Range Over the Past 10 Years
Min: 4.66 Med: 16.46 Max: 26.82
Current: 4.66

During the past 4 years, Blitzway Studios Co's highest Days Payable was 26.82. The lowest was 4.66. And the median was 16.46.

XKRX:369370's Days Payable is ranked worse than
93.51% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs XKRX:369370: 4.66

Blitzway Studios Co's Days Payable declined from Mar. 2023 (12.02) to Mar. 2024 (1.88). It may suggest that Blitzway Studios Co accelerated paying its suppliers.

Blitzway Studios Co Days Payable Historical Data

The historical data trend for Blitzway Studios 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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Blitzway Studios Co Days Payable Chart

Blitzway Studios Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

26.82

23.56

9.35

6.25

Blitzway Studios Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								12.02	5.52	10.63	2.43	1.88

Competitive Comparison of Blitzway Studios Co's Days Payable

For the Specialty Business Services subindustry, Blitzway Studios 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.

Blitzway Studios Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Blitzway Studios Co's Days Payable distribution charts can be found below:

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

Blitzway Studios 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.

Blitzway Studios 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
=	( (229.72	+	65.107)	/	2 )	/	8602.637	*	365
=	147.4135					/	8602.637	*	365
=	6.25

Blitzway Studios 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
=	( (65.107	+	0)	/	1 )	/	3154.91	*	365 / 4
=	65.107					/	3154.91	*	365 / 4
=	1.88

Blitzway Studios Co Days Payable Related Terms

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Blitzway Studios Co (XKRX:369370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Blitzway Studios Co Ltd (XKRX:369370) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

638, Gukhoe-daero, Yeongdeungpo-gu, Seoul, KOR, 07245

Website

https://www.blitzway.com

Blitzway Co Ltd is a designer and manufacturer of high-quality, highly detailed action figures.

Blitzway Studios Co (XKRX:369370) Headlines

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