Milae Bioresources Co (XKRX:218150) Days Payable : 16.05 (As of Mar. 2024)

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What is Milae Bioresources Co Days Payable?

Milae Bioresources Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩2,191 Mil. Milae Bioresources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩12,457 Mil. Hence, Milae Bioresources Co's Days Payable for the three months ended in Mar. 2024 was 16.05.

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

XKRX:218150' s Days Payable Range Over the Past 10 Years
Min: 11.08 Med: 16.18 Max: 27.01
Current: 17.52

During the past 9 years, Milae Bioresources Co's highest Days Payable was 27.01. The lowest was 11.08. And the median was 16.18.

XKRX:218150's Days Payable is ranked worse than
83.55% of 468 companies
in the Asset Management industry
Industry Median: 70.455 vs XKRX:218150: 17.52

Milae Bioresources Co's Days Payable declined from Mar. 2023 (17.29) to Mar. 2024 (16.05). It may suggest that Milae Bioresources Co accelerated paying its suppliers.

Milae Bioresources Co Days Payable Historical Data

The historical data trend for Milae Bioresources 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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Milae Bioresources Co Days Payable Chart

Milae Bioresources Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.90

27.01

17.96

15.05

14.59

Milae Bioresources 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															17.29	18.30	19.22	17.49	16.05

Competitive Comparison of Milae Bioresources Co's Days Payable

For the Asset Management subindustry, Milae Bioresources 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.

Milae Bioresources Co's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Milae Bioresources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Milae Bioresources Co's Days Payable falls into.

Milae Bioresources 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.

Milae Bioresources 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
=	( (2162.203	+	1979.632)	/	2 )	/	51811.1	*	365
=	2070.9175					/	51811.1	*	365
=	14.59

Milae Bioresources 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
=	( (1979.632	+	2401.434)	/	2 )	/	12457.392	*	365 / 4
=	2190.533					/	12457.392	*	365 / 4
=	16.05

Milae Bioresources Co Days Payable Related Terms

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Milae Bioresources Co (XKRX:218150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Milae Bioresources Co Ltd (XKRX:218150) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Euisadangdero, Youngdeunpogu, Seoul, KOR

Website

Milae Bioresources Co Ltd, formerly Hana Must Fifth Special Purpose Acquisition Co, is engaged in providing activities auxiliary to financial service activities.

Milae Bioresources Co (XKRX:218150) Headlines

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