Virnect Co (XKRX:438700) Days Payable : 9.64 (As of Mar. 2024)

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What is Virnect Co Days Payable?

Virnect Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩32 Mil. Virnect Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩298 Mil. Hence, Virnect Co's Days Payable for the three months ended in Mar. 2024 was 9.64.

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

XKRX:438700' s Days Payable Range Over the Past 10 Years
Min: 4.05 Med: 21.91 Max: 33.22
Current: 6.22

During the past 3 years, Virnect Co's highest Days Payable was 33.22. The lowest was 4.05. And the median was 21.91.

XKRX:438700's Days Payable is ranked worse than
94.97% of 2526 companies
in the Software industry
Industry Median: 49.695 vs XKRX:438700: 6.22

Virnect Co's Days Payable declined from Dec. 2022 (21.93) to Mar. 2024 (9.64). It may suggest that Virnect Co accelerated paying its suppliers.

Virnect Co Days Payable Historical Data

The historical data trend for Virnect 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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Virnect Co Days Payable Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

4.05

33.22

21.91

Virnect Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			21.93	44.94	13.78	0.47	9.64

Competitive Comparison of Virnect Co's Days Payable

For the Software - Application subindustry, Virnect 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.

Virnect Co's Days Payable Distribution in the Software Industry

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

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

Virnect 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.

Virnect 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
=	( (138.221	+	5.093)	/	2 )	/	1193.943	*	365
=	71.657					/	1193.943	*	365
=	21.91

Virnect 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
=	( (5.093	+	57.909)	/	2 )	/	298.056	*	365 / 4
=	31.501					/	298.056	*	365 / 4
=	9.64

Virnect Co Days Payable Related Terms

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Virnect Co (XKRX:438700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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