CJ Freshway (XKRX:051500) Days Payable : 60.96 (As of Mar. 2024)

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What is CJ Freshway Days Payable?

CJ Freshway's average Accounts Payable for the three months ended in Mar. 2024 was ₩399,761 Mil. CJ Freshway's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩598,404 Mil. Hence, CJ Freshway's Days Payable for the three months ended in Mar. 2024 was 60.96.

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

XKRX:051500' s Days Payable Range Over the Past 10 Years
Min: 34.58 Med: 47.75 Max: 57.74
Current: 57.74

During the past 13 years, CJ Freshway's highest Days Payable was 57.74. The lowest was 34.58. And the median was 47.75.

XKRX:051500's Days Payable is ranked better than
66.99% of 306 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs XKRX:051500: 57.74

CJ Freshway's Days Payable increased from Mar. 2023 (60.12) to Mar. 2024 (60.96). It may suggest that CJ Freshway delayed paying its suppliers.

CJ Freshway Days Payable Historical Data

The historical data trend for CJ Freshway'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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CJ Freshway Days Payable Chart

CJ Freshway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.58

42.61

48.69

50.54

55.05

CJ Freshway 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															60.12	54.51	55.76	60.22	60.96

Competitive Comparison of CJ Freshway's Days Payable

For the Food Distribution subindustry, CJ Freshway'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.

CJ Freshway's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CJ Freshway's Days Payable distribution charts can be found below:

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

CJ Freshway 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.

CJ Freshway'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
=	( (352169.86	+	401941.784)	/	2 )	/	2499976.591	*	365
=	377055.822					/	2499976.591	*	365
=	55.05

CJ Freshway'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
=	( (401941.784	+	397579.859)	/	2 )	/	598403.992	*	365 / 4
=	399760.8215					/	598403.992	*	365 / 4
=	60.96

CJ Freshway Days Payable Related Terms

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CJ Freshway (XKRX:051500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CJ Freshway Corp (XKRX:051500) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

CJ Cheiljedang Center 330, 5th Floor, Dongho-Ro, Jung-gu, Seoul, KOR

Website

http://www.cjfood.com

CJ Freshway Corp provides a range of food distribution and contact meal services to organizations. The company's food service business caters for offices, business sites, hospitals, public organizations, schools and others. It supplies agricultural, fishery and livestock products, processed foods, and kitchen appliances to all types of restaurants including food dealers, food service providers, chain stores and general restaurants. In addition, it also designs, constructs and remodels cafeterias, general and franchised restaurants as well as provides consulting services.

CJ Freshway (XKRX:051500) Headlines

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