CTS International Logistics (SHSE:603128) Days Payable : 48.83 (As of Mar. 2024)

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What is CTS International Logistics Days Payable?

CTS International Logistics's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,798 Mil. CTS International Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,360 Mil. Hence, CTS International Logistics's Days Payable for the three months ended in Mar. 2024 was 48.83.

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

SHSE:603128' s Days Payable Range Over the Past 10 Years
Min: 32.65 Med: 37.41 Max: 48.68
Current: 41.24

During the past 13 years, CTS International Logistics's highest Days Payable was 48.68. The lowest was 32.65. And the median was 37.41.

SHSE:603128's Days Payable is ranked better than
52.8% of 930 companies
in the Transportation industry
Industry Median: 39.16 vs SHSE:603128: 41.24

CTS International Logistics's Days Payable declined from Mar. 2023 (55.07) to Mar. 2024 (48.83). It may suggest that CTS International Logistics accelerated paying its suppliers.

CTS International Logistics Days Payable Historical Data

The historical data trend for CTS International Logistics'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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CTS International Logistics Days Payable Chart

CTS International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.20

37.62

33.11

35.80

48.68

CTS International Logistics 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															55.07	38.73	38.17	40.04	48.83

Competitive Comparison of CTS International Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, CTS International Logistics'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.

CTS International Logistics's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where CTS International Logistics's Days Payable falls into.

CTS International Logistics 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.

CTS International Logistics'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
=	( (1438.461	+	1936.226)	/	2 )	/	12652.479	*	365
=	1687.3435					/	12652.479	*	365
=	48.68

CTS International Logistics'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
=	( (1936.226	+	1659.872)	/	2 )	/	3359.739	*	365 / 4
=	1798.049					/	3359.739	*	365 / 4
=	48.83

CTS International Logistics Days Payable Related Terms

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CTS International Logistics (SHSE:603128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTS International Logistics Corp Ltd (SHSE:603128) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003

Website

http://www.ctsfreight.com

CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.

CTS International Logistics (SHSE:603128) Headlines

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