Fujian Guohang Ocean Shipping Group Co (BJSE:833171) Days Payable : 87.13 (As of Jun. 2024)

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What is Fujian Guohang Ocean Shipping Group Co Days Payable?

Fujian Guohang Ocean Shipping Group Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥172.3 Mil. Fujian Guohang Ocean Shipping Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥180.5 Mil. Hence, Fujian Guohang Ocean Shipping Group Co's Days Payable for the three months ended in Jun. 2024 was 87.13.

The historical rank and industry rank for Fujian Guohang Ocean Shipping Group Co's Days Payable or its related term are showing as below:

BJSE:833171' s Days Payable Range Over the Past 10 Years
Min: 38.23 Med: 100.61 Max: 192.44
Current: 54.17

During the past 13 years, Fujian Guohang Ocean Shipping Group Co's highest Days Payable was 192.44. The lowest was 38.23. And the median was 100.61.

BJSE:833171's Days Payable is ranked better than
65.89% of 950 companies
in the Transportation industry
Industry Median: 37.375 vs BJSE:833171: 54.17

Fujian Guohang Ocean Shipping Group Co's Days Payable increased from Jun. 2023 (34.07) to Jun. 2024 (87.13). It may suggest that Fujian Guohang Ocean Shipping Group Co delayed paying its suppliers.

Fujian Guohang Ocean Shipping Group Co Days Payable Historical Data

The historical data trend for Fujian Guohang Ocean Shipping 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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Fujian Guohang Ocean Shipping Group Co Days Payable Chart

Fujian Guohang Ocean Shipping Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

84.06

88.54

44.15

38.23

38.73

Fujian Guohang Ocean Shipping Group Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															34.07	34.25	35.76	60.86	87.13

Competitive Comparison of Fujian Guohang Ocean Shipping Group Co's Days Payable

For the Marine Shipping subindustry, Fujian Guohang Ocean Shipping 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.

Fujian Guohang Ocean Shipping Group Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fujian Guohang Ocean Shipping Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Guohang Ocean Shipping Group Co's Days Payable falls into.

Fujian Guohang Ocean Shipping 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.

Fujian Guohang Ocean Shipping 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
=	( (98.965	+	68.633)	/	2 )	/	789.664	*	365
=	83.799					/	789.664	*	365
=	38.73

Fujian Guohang Ocean Shipping Group Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (186.722	+	157.942)	/	2 )	/	180.481	*	365 / 4
=	172.332					/	180.481	*	365 / 4
=	87.13

Fujian Guohang Ocean Shipping Group Co Days Payable Related Terms

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Fujian Guohang Ocean Shipping Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Guohang Ocean Shipping Group Co Ltd (BJSE:833171) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 68-1 Jiangbin East Avenue, Floor 25, Building 1, Lanbo Bay, Mawei District, Fujian Province, Fuzhou City, CHN, 350015

Website

http://www.gh-shipping.com

Fujian Guohang Ocean Shipping Group Co Ltd provides integrated maritime shipping services. It offers Dry bulk cargo transportation business on the international ocean, domestic coastal, and middle and lower reaches of the Yangtze River. It offers general cargo ship transportation; ship technical consulting services; ships, marine electromechanical supporting equipment and marine materials, building materials, mechanical equipment, and chemical products.

Fujian Guohang Ocean Shipping Group Co Headlines

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