Mirae (XKRX:025560) Days Payable : 40.05 (As of Mar. 2024)

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What is Mirae Days Payable?

Mirae's average Accounts Payable for the three months ended in Mar. 2024 was ₩1,071 Mil. Mirae's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩2,441 Mil. Hence, Mirae's Days Payable for the three months ended in Mar. 2024 was 40.05.

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

XKRX:025560' s Days Payable Range Over the Past 10 Years
Min: 17.92 Med: 44.29 Max: 159.49
Current: 17.92

During the past 13 years, Mirae's highest Days Payable was 159.49. The lowest was 17.92. And the median was 44.29.

XKRX:025560's Days Payable is ranked worse than
92.12% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs XKRX:025560: 17.92

Mirae's Days Payable declined from Mar. 2023 (65.35) to Mar. 2024 (40.05). It may suggest that Mirae accelerated paying its suppliers.

Mirae Days Payable Historical Data

The historical data trend for Mirae'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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Mirae Days Payable Chart

Mirae Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.43

32.51

49.70

38.87

22.70

Mirae 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															65.35	47.11	15.16	4.42	40.05

Competitive Comparison of Mirae's Days Payable

For the Semiconductor Equipment & Materials subindustry, Mirae'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.

Mirae's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mirae's Days Payable distribution charts can be found below:

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

Mirae 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.

Mirae'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
=	( (2542.47	+	1071.452)	/	2 )	/	29055.243	*	365
=	1806.961					/	29055.243	*	365
=	22.70

Mirae'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
=	( (1071.452	+	0)	/	1 )	/	2441.05	*	365 / 4
=	1071.452					/	2441.05	*	365 / 4
=	40.05

Mirae Days Payable Related Terms

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Mirae (XKRX:025560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mirae Corp (XKRX:025560) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 ro 65, Baekseok Industrial Complex, Cheonan, Chungcheongnam-do, KOR, 31093

Website

http://www.mirae.co.kr

Mirae Corp is a Korean company that provides equipment and service to the semiconductor and integrated circuit industries. The company make robots and accompanying software to automate the testing of flash memory, integrated circuits, and other electronics. Its products include mounter, semiconductor handler, and linear motor.

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