COSCO SHIPPING Ports (COSCO SHIPPING Ports) Days Payable : 105.98 (As of Dec. 2023)

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What is COSCO SHIPPING Ports Days Payable?

COSCO SHIPPING Ports's average Accounts Payable for the three months ended in Dec. 2023 was $325.6 Mil. COSCO SHIPPING Ports's Cost of Goods Sold for the three months ended in Dec. 2023 was $280.3 Mil. Hence, COSCO SHIPPING Ports's Days Payable for the three months ended in Dec. 2023 was 105.98.

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

CSPKF' s Days Payable Range Over the Past 10 Years
Min: 28.07 Med: 52.67 Max: 141.54
Current: 141.54

During the past 13 years, COSCO SHIPPING Ports's highest Days Payable was 141.54. The lowest was 28.07. And the median was 52.67.

CSPKF's Days Payable is ranked better than
89.34% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs CSPKF: 141.54

COSCO SHIPPING Ports's Days Payable increased from Sep. 2022 (35.50) to Dec. 2023 (105.98). It may suggest that COSCO SHIPPING Ports delayed paying its suppliers.

COSCO SHIPPING Ports Days Payable Historical Data

The historical data trend for COSCO SHIPPING Ports'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 Ports Days Payable Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.44

27.98

120.80

111.45

32.97

COSCO SHIPPING Ports Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															34.05	-	114.58	105.98	33.72

Competitive Comparison of COSCO SHIPPING Ports's Days Payable

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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 Ports's Days Payable Distribution in the Transportation Industry

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

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

COSCO SHIPPING Ports 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 Ports'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
=	( (96.133	+	90.596)	/	2 )	/	1033.491	*	365
=	93.3645					/	1033.491	*	365
=	32.97

COSCO SHIPPING Ports'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
=	( (560.534	+	90.596)	/	2 )	/	280.325	*	365 / 4
=	325.565					/	280.325	*	365 / 4
=	105.98

COSCO SHIPPING Ports Days Payable Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » Days Payable

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.