China Ocean Group Development (HKSE:08047) Days Payable : 0.00 (As of Sep. 2024)

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What is China Ocean Group Development Days Payable?

China Ocean Group Development's average Accounts Payable for the three months ended in Sep. 2024 was HK$187.1 Mil. China Ocean Group Development's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$0.0 Mil.

The historical rank and industry rank for China Ocean Group Development's Days Payable or its related term are showing as below:

HKSE:08047' s Days Payable Range Over the Past 10 Years
Min: 17 Med: 39.26 Max: 321.77
Current: 321.77

During the past 13 years, China Ocean Group Development's highest Days Payable was 321.77. The lowest was 17.00. And the median was 39.26.

HKSE:08047's Days Payable is ranked better than
96.13% of 956 companies
in the Transportation industry
Industry Median: 39.13 vs HKSE:08047: 321.77

China Ocean Group Development's Days Payable declined from Mar. 2023 (322.51) to Sep. 2024 (0.00). It may suggest that China Ocean Group Development accelerated paying its suppliers.

China Ocean Group Development Days Payable Historical Data

The historical data trend for China Ocean Group Development'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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China Ocean Group Development Days Payable Chart

China Ocean Group Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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19.47

17.00

39.58

45.92

62.97

China Ocean Group Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															322.51	17.88	194.97	-	-

Competitive Comparison of China Ocean Group Development's Days Payable

For the Integrated Freight & Logistics subindustry, China Ocean Group Development'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.

China Ocean Group Development's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Ocean Group Development's Days Payable distribution charts can be found below:

* The bar in red indicates where China Ocean Group Development's Days Payable falls into.

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China Ocean Group Development 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.

China Ocean Group Development's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (23.189	+	98.571)	/	2 )	/	352.904	*	365
=	60.88					/	352.904	*	365
=	62.97

China Ocean Group Development's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (98.571	+	275.69)	/	2 )	/	0	*	365 / 4
=	187.1305					/	0	*	365 / 4
=	N/A

China Ocean Group Development Days Payable Related Terms

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China Ocean Group Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Ocean Group Development Ltd (HKSE:08047) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Wan Chai, Room 03, 22nd Floor, China Resources Building, Hong Kong, HKG

Website

http://www.chinaoceangroup.com.hk

China Ocean Group Development Ltd operates as a holding company. It is engaged in various business segments that are Supply Chain Management Segment services business, which provides services involving the planning and implementation of an integrated solution for the effective flow of business, logistic, information and funds; and Money Lending, which provides money lending services. The Ocean fishing segment which provides fishing and catching business in open sea beyond the coastal region. The Supply Chain Management services business segment generates maximum revenue for the company. Geographically, the company offers its services to Hong Kong and China.

Executives

Liu Yi	2101 Beneficial owner
Jing Peng Xin He (hong Kong) Limited	2101 Beneficial owner
Shenzhqn Jing Peng Xin Trade Co Ltd	2101 Beneficial owner
Chen Quan	2101 Beneficial owner

China Ocean Group Development Headlines

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