G.I. Tech Co (XKRX:382480) Days Payable : 19.93 (As of Dec. 2023)

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What is G.I. Tech Co Days Payable?

G.I. Tech Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩2,351 Mil. G.I. Tech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩10,762 Mil. Hence, G.I. Tech Co's Days Payable for the three months ended in Dec. 2023 was 19.93.

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

XKRX:382480' s Days Payable Range Over the Past 10 Years
Min: 9.24 Med: 26.51 Max: 37.35
Current: 20.57

During the past 5 years, G.I. Tech Co's highest Days Payable was 37.35. The lowest was 9.24. And the median was 26.51.

XKRX:382480's Days Payable is ranked worse than
94.64% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs XKRX:382480: 20.57

G.I. Tech Co's Days Payable increased from Dec. 2022 (7.31) to Dec. 2023 (19.93). It may suggest that G.I. Tech Co delayed paying its suppliers.

G.I. Tech Co Days Payable Historical Data

The historical data trend for G.I. Tech 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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G.I. Tech Co Days Payable Chart

G.I. Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

37.34

26.51

13.97

9.24

37.35

G.I. Tech Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								7.31	13.13	15.50	12.61	19.93

Competitive Comparison of G.I. Tech Co's Days Payable

For the Specialty Industrial Machinery subindustry, G.I. Tech 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.

G.I. Tech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, G.I. Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where G.I. Tech Co's Days Payable falls into.

G.I. Tech 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.

G.I. Tech 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
=	( (929.347	+	4035.312)	/	2 )	/	24257.031	*	365
=	2482.3295					/	24257.031	*	365
=	37.35

G.I. Tech Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (666.812	+	4035.312)	/	2 )	/	10761.86	*	365 / 4
=	2351.062					/	10761.86	*	365 / 4
=	19.93

G.I. Tech Co Days Payable Related Terms

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G.I. Tech Co (XKRX:382480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » G.I. Tech Co Ltd (XKRX:382480) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

42, Asanbaelli-ro 387beon-gil, Dunpo-myeon, Chungcheongnam-do, Asan-si, KOR, 31408

Website

http://www.gitec.kr

G.I. Tech Co Ltd is a company of super-precision in the accessory processing field through technology development. Its main products are Slot Die and Slit Nozzle and it enhances the development capability of a high-precision dispensing pump and super-mold magnesium in new material.

G.I. Tech Co (XKRX:382480) Headlines

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