MingZhu Logistics Holdings (MingZhu Logistics Holdings) Days Payable : 28.97 (As of Jun. 2023)

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What is MingZhu Logistics Holdings Days Payable?

MingZhu Logistics Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $8.6 Mil. MingZhu Logistics Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $54.4 Mil. Hence, MingZhu Logistics Holdings's Days Payable for the six months ended in Jun. 2023 was 28.97.

The historical rank and industry rank for MingZhu Logistics Holdings's Days Payable or its related term are showing as below:

YGMZ' s Days Payable Range Over the Past 10 Years
Min: 17.35 Med: 26.74 Max: 37.12
Current: 32.73

During the past 6 years, MingZhu Logistics Holdings's highest Days Payable was 37.12. The lowest was 17.35. And the median was 26.74.

YGMZ's Days Payable is ranked worse than
58.18% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs YGMZ: 32.73

MingZhu Logistics Holdings's Days Payable increased from Jun. 2022 (19.54) to Jun. 2023 (28.97). It may suggest that MingZhu Logistics Holdings delayed paying its suppliers.

MingZhu Logistics Holdings Days Payable Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Days Payable Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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20.81

17.35

33.99

32.66

20.00

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial						22.93	25.31	19.54	38.47	28.97

Competitive Comparison of MingZhu Logistics Holdings's Days Payable

For the Trucking subindustry, MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where MingZhu Logistics Holdings's Days Payable falls into.

MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.345	+	10.135)	/	2 )	/	104.767	*	365
=	5.74					/	104.767	*	365
=	20.00

MingZhu Logistics Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (10.135	+	7.147)	/	2 )	/	54.438	*	365 / 2
=	8.641					/	54.438	*	365 / 2
=	28.97

MingZhu Logistics Holdings Days Payable Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.