Higoshipping Co (BJSE:872351) Days Payable : 60.31 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Higoshipping Co Days Payable?

Higoshipping Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥254 Mil. Higoshipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥385 Mil. Hence, Higoshipping Co's Days Payable for the three months ended in Mar. 2024 was 60.31.

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

BJSE:872351' s Days Payable Range Over the Past 10 Years
Min: 47.45 Med: 60.23 Max: 155.43
Current: 57.8

During the past 9 years, Higoshipping Co's highest Days Payable was 155.43. The lowest was 47.45. And the median was 60.23.

BJSE:872351's Days Payable is ranked better than
66.52% of 929 companies
in the Transportation industry
Industry Median: 38.76 vs BJSE:872351: 57.80

Higoshipping Co's Days Payable declined from Mar. 2023 (73.65) to Mar. 2024 (60.31). It may suggest that Higoshipping Co accelerated paying its suppliers.

Higoshipping Co Days Payable Historical Data

The historical data trend for Higoshipping 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.

* Premium members only.

Higoshipping Co Days Payable Chart

Higoshipping Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.05

76.08

50.42

51.69

66.48

Higoshipping Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															73.65	51.30	56.06	68.12	60.31

Competitive Comparison of Higoshipping Co's Days Payable

For the Marine Shipping subindustry, Higoshipping 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.

Higoshipping Co's Days Payable Distribution in the Transportation Industry

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

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

Higoshipping 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.

Higoshipping 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
=	( (263.379	+	257.934)	/	2 )	/	1431.107	*	365
=	260.6565					/	1431.107	*	365
=	66.48

Higoshipping 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
=	( (257.934	+	250.834)	/	2 )	/	384.906	*	365 / 4
=	254.384					/	384.906	*	365 / 4
=	60.31

Higoshipping Co Days Payable Related Terms

Thank you for viewing the detailed overview of Higoshipping Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Higoshipping Co (BJSE:872351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Higoshipping Co Ltd (BJSE:872351) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Furong Middle Road, Room 1910, Xinshikong, No. 398, Section 3, Tianxin District, Hunan Province, Changsha City, CHN, 410007

Website

http://www.higoshipping.com

Higoshipping Co Ltd is a logistics enterprise integrating domestic feeder container liner transportation, international shipping agency, international freight forwarder, and third-party logistics. The company's shipping lines mainly include river-sea container shipping from Changsha Port to Shanghai Outer Port, International freight forwarding, river-ocean combined transport container liner transport, and road transport on the feeder line of the Yangtze River.

Higoshipping Co (BJSE:872351) Headlines

No Headlines