Seojeon Electric Machinery Co (XKRX:189860) Days Payable : 144.36 (As of Mar. 2024)

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What is Seojeon Electric Machinery Co Days Payable?

Seojeon Electric Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩9,963 Mil. Seojeon Electric Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩6,298 Mil. Hence, Seojeon Electric Machinery Co's Days Payable for the three months ended in Mar. 2024 was 144.36.

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

XKRX:189860' s Days Payable Range Over the Past 10 Years
Min: 24.85 Med: 36.74 Max: 70.8
Current: 50.69

During the past 11 years, Seojeon Electric Machinery Co's highest Days Payable was 70.80. The lowest was 24.85. And the median was 36.74.

XKRX:189860's Days Payable is ranked worse than
69.07% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs XKRX:189860: 50.69

Seojeon Electric Machinery Co's Days Payable increased from Mar. 2023 (69.80) to Mar. 2024 (144.36). It may suggest that Seojeon Electric Machinery Co delayed paying its suppliers.

Seojeon Electric Machinery Co Days Payable Historical Data

The historical data trend for Seojeon Electric Machinery 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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Seojeon Electric Machinery Co Days Payable Chart

Seojeon Electric Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.77

34.87

35.33

38.90

70.80

Seojeon Electric Machinery 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															69.80	39.19	45.99	44.14	144.36

Competitive Comparison of Seojeon Electric Machinery Co's Days Payable

For the Electrical Equipment & Parts subindustry, Seojeon Electric Machinery 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.

Seojeon Electric Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seojeon Electric Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Seojeon Electric Machinery Co's Days Payable falls into.

Seojeon Electric Machinery 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.

Seojeon Electric Machinery 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
=	( (4619.456	+	9962.955)	/	2 )	/	37588.266	*	365
=	7291.2055					/	37588.266	*	365
=	70.80

Seojeon Electric Machinery 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
=	( (9962.955	+	0)	/	1 )	/	6297.526	*	365 / 4
=	9962.955					/	6297.526	*	365 / 4
=	144.36

Seojeon Electric Machinery Co Days Payable Related Terms

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Seojeon Electric Machinery Co (XKRX:189860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seojeon Electric Machinery Co Ltd (XKRX:189860) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

38-19, Daewol-ro 667beon-gil, Daewol-myeon, Gyeonggi-do, Icheon, KOR, 17401

Website

http://www.sjem.co.kr

Seojeon Electric Machinery Co Ltd is engaged in manufacturing switchboards and electric automatic control panels. The switchboard products offered by the entity include eco-friendly switchboard, special high voltage switchboard, low-voltage switchboard. Motor control panel, MCSG, gas insulated switchgear, Seismic switchgear, rectifier and distribution board for the data center. The other products provided by the company are power control system, smart grid system, electric work and insulation degradation prevention device. In addition, the organization also offers electrical work services.

Seojeon Electric Machinery Co (XKRX:189860) Headlines

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