eCargo Holdings (ASX:ECG) Days Payable : 32.31 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is eCargo Holdings Days Payable?

eCargo Holdings's average Accounts Payable for the six months ended in Dec. 2023 was A$3.22 Mil. eCargo Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$18.20 Mil. Hence, eCargo Holdings's Days Payable for the six months ended in Dec. 2023 was 32.31.

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

ASX:ECG' s Days Payable Range Over the Past 10 Years
Min: 14.8 Med: 41.42 Max: 71.34
Current: 32

During the past 9 years, eCargo Holdings's highest Days Payable was 71.34. The lowest was 14.80. And the median was 41.42.

ASX:ECG's Days Payable is ranked worse than
65.04% of 924 companies
in the Business Services industry
Industry Median: 47.115 vs ASX:ECG: 32.00

eCargo Holdings's Days Payable increased from Dec. 2022 (11.03) to Dec. 2023 (32.31). It may suggest that eCargo Holdings delayed paying its suppliers.

eCargo Holdings Days Payable Historical Data

The historical data trend for eCargo 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.

* Premium members only.

eCargo Holdings Days Payable Chart

eCargo Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

53.20

41.42

33.05

14.80

27.88

eCargo Holdings Semi-Annual Data
	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													48.63	22.00	11.03	37.57	32.31

Competitive Comparison of eCargo Holdings's Days Payable

For the Specialty Business Services subindustry, eCargo 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.

eCargo Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eCargo Holdings's Days Payable distribution charts can be found below:

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

eCargo 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.

eCargo Holdings'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
=	( (0.676	+	3.467)	/	2 )	/	27.12	*	365
=	2.0715					/	27.12	*	365
=	27.88

eCargo Holdings'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
=	( (2.976	+	3.467)	/	2 )	/	18.199	*	365 / 2
=	3.2215					/	18.199	*	365 / 2
=	32.31

eCargo Holdings Days Payable Related Terms

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

eCargo Holdings (ASX:ECG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » eCargo Holdings Ltd (ASX:ECG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13103N, ATL Logistics Centre B, 3 Kwai Chung Container Terminals, New Territories, Hong Kong, HKG

Website

https://www.eCargo.com

eCargo Holdings Ltd is an eCommerce business solution provider engaged in the development and provision of eCommerce technologies, integrated offline and online supply chain operations, provision of digital commerce solutions and services and brand distribution.. The company provides integrated online and offline supply chain solutions and operations for designer brands, retailers, and branded manufacturers. Its segments are Digital Commerce Service and Brand Distributions in Greater China. The majority of revenue is generated from the Greater China segment.

eCargo Holdings (ASX:ECG) Headlines

No Headlines