Lotte Chemical Pakistan (KAR:LOTCHEM) Days Payable : 16.28 (As of Mar. 2024)

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What is Lotte Chemical Pakistan Days Payable?

Lotte Chemical Pakistan's average Accounts Payable for the three months ended in Mar. 2024 was ₨5,458 Mil. Lotte Chemical Pakistan's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨30,593 Mil. Hence, Lotte Chemical Pakistan's Days Payable for the three months ended in Mar. 2024 was 16.28.

The historical rank and industry rank for Lotte Chemical Pakistan's Days Payable or its related term are showing as below:

KAR:LOTCHEM' s Days Payable Range Over the Past 10 Years
Min: 14.97 Med: 30.44 Max: 47.19
Current: 14.97

During the past 13 years, Lotte Chemical Pakistan's highest Days Payable was 47.19. The lowest was 14.97. And the median was 30.44.

KAR:LOTCHEM's Days Payable is ranked worse than
94.34% of 1503 companies
in the Chemicals industry
Industry Median: 60.28 vs KAR:LOTCHEM: 14.97

Lotte Chemical Pakistan's Days Payable declined from Mar. 2023 (18.75) to Mar. 2024 (16.28). It may suggest that Lotte Chemical Pakistan accelerated paying its suppliers.

Lotte Chemical Pakistan Days Payable Historical Data

The historical data trend for Lotte Chemical Pakistan'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.

* Premium members only.

Lotte Chemical Pakistan Days Payable Chart

Lotte Chemical Pakistan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

19.15

47.19

35.15

24.28

20.30

Lotte Chemical Pakistan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															18.75	19.69	7.60	9.15	16.28

Competitive Comparison of Lotte Chemical Pakistan's Days Payable

For the Specialty Chemicals subindustry, Lotte Chemical Pakistan'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.

Lotte Chemical Pakistan's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lotte Chemical Pakistan's Days Payable distribution charts can be found below:

* The bar in red indicates where Lotte Chemical Pakistan's Days Payable falls into.

Lotte Chemical Pakistan 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.

Lotte Chemical Pakistan'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
=	( (4251.738	+	3687.471)	/	2 )	/	71374.835	*	365
=	3969.6045					/	71374.835	*	365
=	20.30

Lotte Chemical Pakistan'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
=	( (3687.471	+	7229.116)	/	2 )	/	30592.943	*	365 / 4
=	5458.2935					/	30592.943	*	365 / 4
=	16.28

Lotte Chemical Pakistan Days Payable Related Terms

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Lotte Chemical Pakistan (KAR:LOTCHEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Pakistan Ltd (KAR:LOTCHEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

EZ/1/P-4, Eastern Industrial Zone, P.O. Box 723, Port Qasim, Karachi, SD, PAK, 74200

Website

https://www.lottechem.pk

Lotte Chemical Pakistan Ltd is a Pakistan-based manufacturer and supplier of Purified Terephthalic Acid (PTA). The business activity of the firm is operated through the manufacture and sale of chemicals segments. The organization supplies products to the textile, domestic polyester, and polyethylene terephthalate packaging industries.

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