Yang Ming Marine Transport (TPE:2609) Days Payable : 44.85 (As of Dec. 2023)

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What is Yang Ming Marine Transport Days Payable?

Yang Ming Marine Transport's average Accounts Payable for the three months ended in Dec. 2023 was NT$16,739 Mil. Yang Ming Marine Transport's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$34,060 Mil. Hence, Yang Ming Marine Transport's Days Payable for the three months ended in Dec. 2023 was 44.85.

The historical rank and industry rank for Yang Ming Marine Transport's Days Payable or its related term are showing as below:

TPE:2609' s Days Payable Range Over the Past 10 Years
Min: 33.51 Med: 41.87 Max: 53.87
Current: 43.42

During the past 13 years, Yang Ming Marine Transport's highest Days Payable was 53.87. The lowest was 33.51. And the median was 41.87.

TPE:2609's Days Payable is ranked better than
55.53% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs TPE:2609: 43.42

Yang Ming Marine Transport's Days Payable declined from Dec. 2022 (46.75) to Dec. 2023 (44.85). It may suggest that Yang Ming Marine Transport accelerated paying its suppliers.

Yang Ming Marine Transport Days Payable Historical Data

The historical data trend for Yang Ming Marine Transport'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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Yang Ming Marine Transport Days Payable Chart

Yang Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.51

42.04

53.87

44.34

41.69

Yang Ming Marine Transport Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															46.75	41.24	44.22	45.03	44.85

Competitive Comparison of Yang Ming Marine Transport's Days Payable

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.

Yang Ming Marine Transport's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's Days Payable distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's Days Payable falls into.

Yang Ming Marine Transport 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.

Yang Ming Marine Transport'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
=	( (15918.697	+	14778.044)	/	2 )	/	134383.17	*	365
=	15348.3705					/	134383.17	*	365
=	41.69

Yang Ming Marine Transport'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
=	( (18699.743	+	14778.044)	/	2 )	/	34059.78	*	365 / 4
=	16738.8935					/	34059.78	*	365 / 4
=	44.85

Yang Ming Marine Transport Days Payable Related Terms

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Yang Ming Marine Transport (TPE:2609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yang Ming Marine Transport Corp (TPE:2609) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206

Website

https://www.yangming.com

Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. The company has three segments: containership, bulk shipping, and others. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the largest portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport (TPE:2609) Headlines

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