Daeho AL Co (XKRX:069460) Days Payable : 5.56 (As of Mar. 2024)

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What is Daeho AL Co Days Payable?

Daeho AL Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩2,282 Mil. Daeho AL Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩37,466 Mil. Hence, Daeho AL Co's Days Payable for the three months ended in Mar. 2024 was 5.56.

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

XKRX:069460' s Days Payable Range Over the Past 10 Years
Min: 4.45 Med: 7.13 Max: 12.69
Current: 7.78

During the past 13 years, Daeho AL Co's highest Days Payable was 12.69. The lowest was 4.45. And the median was 7.13.

XKRX:069460's Days Payable is ranked worse than
97.94% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs XKRX:069460: 7.78

Daeho AL Co's Days Payable declined from Mar. 2023 (10.51) to Mar. 2024 (5.56). It may suggest that Daeho AL Co accelerated paying its suppliers.

Daeho AL Co Days Payable Historical Data

The historical data trend for Daeho AL Co'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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Daeho AL Co Days Payable Chart

Daeho AL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.69

10.56

7.18

7.08

6.86

Daeho AL Co 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															10.51	9.77	6.96	6.31	5.56

Competitive Comparison of Daeho AL Co's Days Payable

For the Aluminum subindustry, Daeho AL Co'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.

Daeho AL Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Daeho AL Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Daeho AL Co's Days Payable falls into.

Daeho AL Co 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.

Daeho AL Co'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
=	( (4153.581	+	2138.891)	/	2 )	/	167327.873	*	365
=	3146.236					/	167327.873	*	365
=	6.86

Daeho AL Co'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
=	( (2138.891	+	2424.325)	/	2 )	/	37465.507	*	365 / 4
=	2281.608					/	37465.507	*	365 / 4
=	5.56

Daeho AL Co Days Payable Related Terms

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Daeho AL Co (XKRX:069460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daeho AL Co Ltd (XKRX:069460) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1-44, Buk-ri, Nongong-eup, Dalseong-gun, Daegu, KOR, 711-857

Website

http://www.daeho-al.com

Daeho AL Co Ltd is engaged in producing and selling various aluminum products in South Korea. It offers aluminum coils and sheets that are used as material for various industries, such as LCD, PDP, PDA, mobile phone and vehicle; circle sheets for use in kitchen utensil industries. The company also offers special steel materials for use in the construction, as well as products for nano and bio industries.

Daeho AL Co (XKRX:069460) Headlines

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