Shinwha Intertek (XKRX:056700) Days Payable : 43.32 (As of Mar. 2024)

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What is Shinwha Intertek Days Payable?

Shinwha Intertek's average Accounts Payable for the three months ended in Mar. 2024 was ₩25,104 Mil. Shinwha Intertek's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩52,877 Mil. Hence, Shinwha Intertek's Days Payable for the three months ended in Mar. 2024 was 43.32.

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

XKRX:056700' s Days Payable Range Over the Past 10 Years
Min: 30.75 Med: 40.91 Max: 64.06
Current: 42.66

During the past 13 years, Shinwha Intertek's highest Days Payable was 64.06. The lowest was 30.75. And the median was 40.91.

XKRX:056700's Days Payable is ranked worse than
68.55% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs XKRX:056700: 42.66

Shinwha Intertek's Days Payable increased from Mar. 2023 (38.85) to Mar. 2024 (43.32). It may suggest that Shinwha Intertek delayed paying its suppliers.

Shinwha Intertek Days Payable Historical Data

The historical data trend for Shinwha Intertek'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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Shinwha Intertek Days Payable Chart

Shinwha Intertek Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.75

34.30

34.39

37.02

40.40

Shinwha Intertek 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															38.85	39.94	36.83	48.42	43.32

Competitive Comparison of Shinwha Intertek's Days Payable

For the Specialty Chemicals subindustry, Shinwha Intertek'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.

Shinwha Intertek's Days Payable Distribution in the Chemicals Industry

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

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

Shinwha Intertek 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.

Shinwha Intertek'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
=	( (18478.836	+	20208.29)	/	2 )	/	174746.464	*	365
=	19343.563					/	174746.464	*	365
=	40.40

Shinwha Intertek'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
=	( (20208.29	+	29999.533)	/	2 )	/	52877.29	*	365 / 4
=	25103.9115					/	52877.29	*	365 / 4
=	43.32

Shinwha Intertek Days Payable Related Terms

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Shinwha Intertek (XKRX:056700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shinwha Intertek Corp (XKRX:056700) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

308, Seongbong-ro, Byeongcheon-myeon, Dongnam-gu, Cheonan, KOR

Website

http://www.shinwha.com

Shinwha Intertek Corp operates in the specialty chemicals industry in South Korea. The provides solutions like optical film for smart sheet, prism sheet, micro lens sheet, and reflector sheet, and diffusor sheet.

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