COSCO SHIPPING Energy Transportation Co (COSCO SHIPPING Energy Transportation Co) Days Payable : 43.36 (As of Dec. 2023)

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What is COSCO SHIPPING Energy Transportation Co Days Payable?

COSCO SHIPPING Energy Transportation Co's average Accounts Payable for the three months ended in Dec. 2023 was $278 Mil. COSCO SHIPPING Energy Transportation Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $584 Mil. Hence, COSCO SHIPPING Energy Transportation Co's Days Payable for the three months ended in Dec. 2023 was 43.36.

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

CSDXY' s Days Payable Range Over the Past 10 Years
Min: 32.68 Med: 45.98 Max: 67.95
Current: 67.95

During the past 13 years, COSCO SHIPPING Energy Transportation Co's highest Days Payable was 67.95. The lowest was 32.68. And the median was 45.98.

CSDXY's Days Payable is ranked better than
73.31% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs CSDXY: 67.95

COSCO SHIPPING Energy Transportation Co's Days Payable declined from Dec. 2022 (54.63) to Dec. 2023 (43.36). It may suggest that COSCO SHIPPING Energy Transportation Co accelerated paying its suppliers.

COSCO SHIPPING Energy Transportation Co Days Payable Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation 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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COSCO SHIPPING Energy Transportation Co Days Payable Chart

COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.84

50.13

36.52

46.81

43.73

COSCO SHIPPING Energy Transportation 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															55.38	58.10	50.92	43.36	-

Competitive Comparison of COSCO SHIPPING Energy Transportation Co's Days Payable

For the Marine Shipping subindustry, COSCO SHIPPING Energy Transportation 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.

COSCO SHIPPING Energy Transportation Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Energy Transportation Co's Days Payable distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Energy Transportation Co's Days Payable falls into.

COSCO SHIPPING Energy Transportation 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.

COSCO SHIPPING Energy Transportation 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
=	( (278.17	+	239.192)	/	2 )	/	2159.234	*	365
=	258.681					/	2159.234	*	365
=	43.73

COSCO SHIPPING Energy Transportation 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
=	( (316.124	+	239.192)	/	2 )	/	584.339	*	365 / 4
=	277.658					/	584.339	*	365 / 4
=	43.36

COSCO SHIPPING Energy Transportation Co Days Payable Related Terms

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COSCO SHIPPING Energy Transportation Co (COSCO SHIPPING Energy Transportation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (OTCPK:CSDXY) » Definitions » Days Payable

Traded in Other Exchanges

01138:Hong Kong HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

COSCO SHIPPING Energy Transportation Co (COSCO SHIPPING Energy Transportation Co) Headlines

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