Chunbo Co (XKRX:278280) Days Payable : 8.76 (As of Mar. 2024)

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What is Chunbo Co Days Payable?

Chunbo Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩6,259 Mil. Chunbo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩65,201 Mil. Hence, Chunbo Co's Days Payable for the three months ended in Mar. 2024 was 8.76.

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

XKRX:278280' s Days Payable Range Over the Past 10 Years
Min: 10.18 Med: 15.86 Max: 20.66
Current: 13.65

During the past 8 years, Chunbo Co's highest Days Payable was 20.66. The lowest was 10.18. And the median was 15.86.

XKRX:278280's Days Payable is ranked worse than
95.35% of 1505 companies
in the Chemicals industry
Industry Median: 61.03 vs XKRX:278280: 13.65

Chunbo Co's Days Payable declined from Mar. 2023 (24.28) to Mar. 2024 (8.76). It may suggest that Chunbo Co accelerated paying its suppliers.

Chunbo Co Days Payable Historical Data

The historical data trend for Chunbo 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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Chunbo Co Days Payable Chart

Chunbo Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.03

12.07

10.18

15.73

20.66

Chunbo 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															24.28	12.10	8.92	11.25	8.76

Competitive Comparison of Chunbo Co's Days Payable

For the Chemicals subindustry, Chunbo 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.

Chunbo Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chunbo Co's Days Payable distribution charts can be found below:

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

Chunbo 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.

Chunbo 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
=	( (14464.367	+	6259.127)	/	2 )	/	183067.172	*	365
=	10361.747					/	183067.172	*	365
=	20.66

Chunbo 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
=	( (6259.127	+	0)	/	1 )	/	65201.009	*	365 / 4
=	6259.127					/	65201.009	*	365 / 4
=	8.76

Chunbo Co Days Payable Related Terms

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Chunbo Co (XKRX:278280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chunbo Co Ltd (XKRX:278280) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

312, Jungwonsaneop-ro, Judeok-eup, Chungcheongbuk-do, Chungju-si, KOR

Website

http://www.chunbochem.com

Chunbo Co Ltd is a general chemical material company based in South Korea. It provides Display Application Materials, Semiconductor Application Materials, Secondary Battery Materials, Pharmaceutical Intermediates and Specialty Chemicals. The chemicals offered by the company include Potassium nitrate, Potassium acetate, Potassium sulfate, Ammonium chloride and Fluoroethylene carbonate among others.

Chunbo Co (XKRX:278280) Headlines

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