Echomarketing Co (XKRX:230360) Days Payable : 60.41 (As of Dec. 2023)

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What is Echomarketing Co Days Payable?

Echomarketing Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩16,349 Mil. Echomarketing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩24,696 Mil. Hence, Echomarketing Co's Days Payable for the three months ended in Dec. 2023 was 60.41.

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

XKRX:230360' s Days Payable Range Over the Past 10 Years
Min: 1.66 Med: 24.34 Max: 55.31
Current: 54.06

During the past 10 years, Echomarketing Co's highest Days Payable was 55.31. The lowest was 1.66. And the median was 24.34.

XKRX:230360's Days Payable is ranked worse than
62.96% of 926 companies
in the Media - Diversified industry
Industry Median: 79.395 vs XKRX:230360: 54.06

Echomarketing Co's Days Payable increased from Dec. 2022 (50.46) to Dec. 2023 (60.41). It may suggest that Echomarketing Co delayed paying its suppliers.

Echomarketing Co Days Payable Historical Data

The historical data trend for Echomarketing 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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Echomarketing Co Days Payable Chart

Echomarketing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.66

13.54

55.31

41.80

35.14

Echomarketing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															50.46	65.77	46.14	67.77	60.41

Competitive Comparison of Echomarketing Co's Days Payable

For the Advertising Agencies subindustry, Echomarketing 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.

Echomarketing Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Echomarketing Co's Days Payable distribution charts can be found below:

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

Echomarketing 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.

Echomarketing 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
=	( (9284.234	+	9750.172)	/	2 )	/	98844.04	*	365
=	9517.203					/	98844.04	*	365
=	35.14

Echomarketing Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (22948.557	+	9750.172)	/	2 )	/	24696.308	*	365 / 4
=	16349.3645					/	24696.308	*	365 / 4
=	60.41

Echomarketing Co Days Payable Related Terms

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Echomarketing Co (XKRX:230360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Echomarketing Co Ltd (XKRX:230360) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

119 Street, POBA Kangnam Tower 5th floor, Nonhyeon-dong, Seoul, KOR, 06060

Website

http://www.echomarketing.co.kr

Echomarketing Co Ltd is a digital marketing company. The Company provides data marketing & mobile marketing services.

Echomarketing Co (XKRX:230360) Headlines

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