Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Days Payable : 63.43 (As of Dec. 2023)

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What is Chu Kong Shipping Enterprises (Group) Co Days Payable?

Chu Kong Shipping Enterprises (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$402 Mil. Chu Kong Shipping Enterprises (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,158 Mil. Hence, Chu Kong Shipping Enterprises (Group) Co's Days Payable for the six months ended in Dec. 2023 was 63.43.

The historical rank and industry rank for Chu Kong Shipping Enterprises (Group) Co's Days Payable or its related term are showing as below:

HKSE:00560' s Days Payable Range Over the Past 10 Years
Min: 30.3 Med: 55.99 Max: 87.88
Current: 56.45

During the past 13 years, Chu Kong Shipping Enterprises (Group) Co's highest Days Payable was 87.88. The lowest was 30.30. And the median was 55.99.

HKSE:00560's Days Payable is ranked better than
66.31% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs HKSE:00560: 56.45

Chu Kong Shipping Enterprises (Group) Co's Days Payable increased from Dec. 2022 (44.58) to Dec. 2023 (63.43). It may suggest that Chu Kong Shipping Enterprises (Group) Co delayed paying its suppliers.

Chu Kong Shipping Enterprises (Group) Co Days Payable Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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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Chu Kong Shipping Enterprises (Group) Co Days Payable Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

52.88

52.44

37.07

30.30

59.10

Chu Kong Shipping Enterprises (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															43.32	31.66	44.58	46.46	63.43

Competitive Comparison of Chu Kong Shipping Enterprises (Group) Co's Days Payable

For the Marine Shipping subindustry, Chu Kong Shipping Enterprises (Group) 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.

Chu Kong Shipping Enterprises (Group) Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chu Kong Shipping Enterprises (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chu Kong Shipping Enterprises (Group) Co's Days Payable falls into.

Chu Kong Shipping Enterprises (Group) 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.

Chu Kong Shipping Enterprises (Group) 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
=	( (247.611	+	486.937)	/	2 )	/	2268.367	*	365
=	367.274					/	2268.367	*	365
=	59.10

Chu Kong Shipping Enterprises (Group) 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (317.852	+	486.937)	/	2 )	/	1157.744	*	365 / 2
=	402.3945					/	1157.744	*	365 / 2
=	63.43

Chu Kong Shipping Enterprises (Group) Co Days Payable Related Terms

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Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (HKSE:00560) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Headlines

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