MDS Tech (XKRX:086960) Days Payable : 48.33 (As of Mar. 2024)

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What is MDS Tech Days Payable?

MDS Tech's average Accounts Payable for the three months ended in Mar. 2024 was ₩16,617 Mil. MDS Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩31,375 Mil. Hence, MDS Tech's Days Payable for the three months ended in Mar. 2024 was 48.33.

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

XKRX:086960' s Days Payable Range Over the Past 10 Years
Min: 40.54 Med: 50.93 Max: 61.43
Current: 41.07

During the past 13 years, MDS Tech's highest Days Payable was 61.43. The lowest was 40.54. And the median was 50.93.

XKRX:086960's Days Payable is ranked worse than
56.26% of 2531 companies
in the Software industry
Industry Median: 50.16 vs XKRX:086960: 41.07

MDS Tech's Days Payable increased from Mar. 2023 (44.70) to Mar. 2024 (48.33). It may suggest that MDS Tech delayed paying its suppliers.

MDS Tech Days Payable Historical Data

The historical data trend for MDS Tech'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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MDS Tech Days Payable Chart

MDS Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.35

61.43

57.40

48.88

57.88

MDS Tech 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															44.70	40.59	36.37	43.34	48.33

Competitive Comparison of MDS Tech's Days Payable

For the Software - Infrastructure subindustry, MDS Tech'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.

MDS Tech's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, MDS Tech's Days Payable distribution charts can be found below:

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

MDS Tech 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.

MDS Tech'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
=	( (14086.638	+	22025.905)	/	2 )	/	113867.822	*	365
=	18056.2715					/	113867.822	*	365
=	57.88

MDS Tech'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
=	( (22025.905	+	11207.385)	/	2 )	/	31375.393	*	365 / 4
=	16616.645					/	31375.393	*	365 / 4
=	48.33

MDS Tech Days Payable Related Terms

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MDS Tech (XKRX:086960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MDS Tech Inc (XKRX:086960) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

49 Daewangpangyo-ro 644beon-gil, 9th Floor, DTC Tower, Bundang-gu, Gyeonggi-do, Seongnam, KOR, 13493

Website

https://www.mdstech.co.kr

MDS Tech Inc is a South Korea-based company engaged in the provision of embedded software development and other solutions. It offers various solutions including SW Development Tools, Embedded Solutions, IoT and AI and Embedded Education and services.

MDS Tech (XKRX:086960) Headlines

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