Macrogen (XKRX:038290) Days Payable : 26.85 (As of Mar. 2024)

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What is Macrogen Days Payable?

Macrogen's average Accounts Payable for the three months ended in Mar. 2024 was ₩5,656 Mil. Macrogen's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩19,223 Mil. Hence, Macrogen's Days Payable for the three months ended in Mar. 2024 was 26.85.

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

XKRX:038290' s Days Payable Range Over the Past 10 Years
Min: 23.03 Med: 32.67 Max: 43.2
Current: 23.03

During the past 13 years, Macrogen's highest Days Payable was 43.20. The lowest was 23.03. And the median was 32.67.

XKRX:038290's Days Payable is ranked worse than
85.29% of 204 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.645 vs XKRX:038290: 23.03

Macrogen's Days Payable declined from Mar. 2023 (30.01) to Mar. 2024 (26.85). It may suggest that Macrogen accelerated paying its suppliers.

Macrogen Days Payable Historical Data

The historical data trend for Macrogen'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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Macrogen Days Payable Chart

Macrogen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.20

42.00

29.95

25.73

23.70

Macrogen 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															30.01	26.04	16.43	14.36	26.85

Competitive Comparison of Macrogen's Days Payable

For the Diagnostics & Research subindustry, Macrogen'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.

Macrogen's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Macrogen's Days Payable distribution charts can be found below:

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

Macrogen 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.

Macrogen'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
=	( (6990.019	+	3861.763)	/	2 )	/	83563.455	*	365
=	5425.891					/	83563.455	*	365
=	23.70

Macrogen'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
=	( (3861.763	+	7451.077)	/	2 )	/	19223.226	*	365 / 4
=	5656.42					/	19223.226	*	365 / 4
=	26.85

Macrogen Days Payable Related Terms

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Macrogen (XKRX:038290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Macrogen Inc (XKRX:038290) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cherry Blossom-ro, 10th Floor, Gasan-dong, World Meridien 1st, Seoul, KOR

Website

https://www.macrogen.com

Macrogen Inc provides DNA sequencing and genome research services. Its business divisions are sequencing, oligo, microarray, mouse, and bioinformatics. The firm's products and services include DNA, Chip and Genetic Medicine products and Database construction, Genome Research and Bioinformatics analysis system consulting services.

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