YTO Express Group Co (SHSE:600233) Days Payable : 33.45 (As of Mar. 2024)

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What is YTO Express Group Co Days Payable?

YTO Express Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,059 Mil. YTO Express Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥13,798 Mil. Hence, YTO Express Group Co's Days Payable for the three months ended in Mar. 2024 was 33.45.

The historical rank and industry rank for YTO Express Group Co's Days Payable or its related term are showing as below:

SHSE:600233' s Days Payable Range Over the Past 10 Years
Min: 21.7 Med: 34.26 Max: 44.76
Current: 29.41

During the past 13 years, YTO Express Group Co's highest Days Payable was 44.76. The lowest was 21.70. And the median was 34.26.

SHSE:600233's Days Payable is ranked worse than
66.7% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs SHSE:600233: 29.41

YTO Express Group Co's Days Payable increased from Mar. 2023 (33.12) to Mar. 2024 (33.45). It may suggest that YTO Express Group Co delayed paying its suppliers.

YTO Express Group Co Days Payable Historical Data

The historical data trend for YTO Express 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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YTO Express Group Co Days Payable Chart

YTO Express Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.05

44.76

38.15

32.99

34.62

YTO Express Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															33.12	27.80	27.96	28.72	33.45

Competitive Comparison of YTO Express Group Co's Days Payable

For the Integrated Freight & Logistics subindustry, YTO Express 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.

YTO Express Group Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's Days Payable falls into.

YTO Express 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.

YTO Express 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
=	( (4218.028	+	5612.514)	/	2 )	/	51825.248	*	365
=	4915.271					/	51825.248	*	365
=	34.62

YTO Express Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5612.514	+	4504.684)	/	2 )	/	13797.834	*	365 / 4
=	5058.599					/	13797.834	*	365 / 4
=	33.45

YTO Express Group Co Days Payable Related Terms

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YTO Express Group Co (SHSE:600233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO Express Group Co Ltd (SHSE:600233) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705

Website

http://www.yto.net.cn

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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