Micube Solution (XKRX:373170) Days Payable : 13.24 (As of Mar. 2024)

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What is Micube Solution Days Payable?

Micube Solution's average Accounts Payable for the three months ended in Mar. 2024 was ₩873 Mil. Micube Solution's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩6,016 Mil. Hence, Micube Solution's Days Payable for the three months ended in Mar. 2024 was 13.24.

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

XKRX:373170' s Days Payable Range Over the Past 10 Years
Min: 13.36 Med: 18.62 Max: 19.89
Current: 19.89

During the past 4 years, Micube Solution's highest Days Payable was 19.89. The lowest was 13.36. And the median was 18.62.

XKRX:373170's Days Payable is ranked worse than
79.43% of 2523 companies
in the Software industry
Industry Median: 49.74 vs XKRX:373170: 19.89

Micube Solution's Days Payable declined from Dec. 2022 (18.11) to Mar. 2024 (13.24). It may suggest that Micube Solution accelerated paying its suppliers.

Micube Solution Days Payable Historical Data

The historical data trend for Micube Solution'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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Micube Solution Days Payable Chart

Micube Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

13.36

18.84

19.77

18.39

Micube Solution Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			18.11	23.03	16.72	13.17	13.24

Competitive Comparison of Micube Solution's Days Payable

For the Software - Infrastructure subindustry, Micube Solution'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.

Micube Solution's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Micube Solution's Days Payable falls into.

Micube Solution 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.

Micube Solution'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
=	( (801.47	+	1014.62)	/	2 )	/	18019.853	*	365
=	908.045					/	18019.853	*	365
=	18.39

Micube Solution'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
=	( (1014.62	+	730.835)	/	2 )	/	6015.532	*	365 / 4
=	872.7275					/	6015.532	*	365 / 4
=	13.24

Micube Solution Days Payable Related Terms

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Micube Solution (XKRX:373170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micube Solution Inc (XKRX:373170) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Hyoryeong-ro 55-gil, Dongsan Building, 2-5th Floor, Seoul, KOR

Website

https://www.micube.co.kr

Micube Solution Inc is a software company. It provides total solutions across all IT services, from consulting for the realization of manufacturing intelligence to system linkage/integration and operation services.

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