BEST (BEST) Days Payable : 69.01 (As of Dec. 2023)

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What is BEST Days Payable?

BEST's average Accounts Payable for the three months ended in Dec. 2023 was $224 Mil. BEST's Cost of Goods Sold for the three months ended in Dec. 2023 was $297 Mil. Hence, BEST's Days Payable for the three months ended in Dec. 2023 was 69.01.

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

BEST' s Days Payable Range Over the Past 10 Years
Min: 36.4 Med: 66.35 Max: 115.75
Current: 70.01

During the past 10 years, BEST's highest Days Payable was 115.75. The lowest was 36.40. And the median was 66.35.

BEST's Days Payable is ranked better than
74.7% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs BEST: 70.01

BEST's Days Payable increased from Dec. 2022 (66.05) to Dec. 2023 (69.01). It may suggest that BEST delayed paying its suppliers.

BEST Days Payable Historical Data

The historical data trend for BEST'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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BEST Days Payable Chart

BEST Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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115.75

82.89

44.33

66.35

70.27

BEST 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															66.05	77.06	68.70	66.18	69.01

Competitive Comparison of BEST's Days Payable

For the Trucking subindustry, BEST'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.

BEST's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where BEST's Days Payable falls into.

BEST 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.

BEST'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
=	( (205.116	+	229.806)	/	2 )	/	1129.577	*	365
=	217.461					/	1129.577	*	365
=	70.27

BEST'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
=	( (218.847	+	229.806)	/	2 )	/	296.62	*	365 / 4
=	224.3265					/	296.62	*	365 / 4
=	69.01

BEST Days Payable Related Terms

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BEST (BEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BEST Inc (NYSE:BEST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Tangmiao Road, 2nd Floor, Block A, Huaxing Modern Industry Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://ir.best-inc.com

BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.