Cosco Shipping Development Co (Cosco Shipping Development Co) Days Payable : 59.22 (As of Mar. 2024)

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What is Cosco Shipping Development Co Days Payable?

Cosco Shipping Development Co's average Accounts Payable for the three months ended in Mar. 2024 was $364 Mil. Cosco Shipping Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $560 Mil. Hence, Cosco Shipping Development Co's Days Payable for the three months ended in Mar. 2024 was 59.22.

The historical rank and industry rank for Cosco Shipping Development Co's Days Payable or its related term are showing as below:

CITAF' s Days Payable Range Over the Past 10 Years
Min: 40.29 Med: 71.6 Max: 110.25
Current: 83.5

During the past 13 years, Cosco Shipping Development Co's highest Days Payable was 110.25. The lowest was 40.29. And the median was 71.60.

CITAF's Days Payable is ranked better than
53.54% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.81 vs CITAF: 83.50

Cosco Shipping Development Co's Days Payable declined from Mar. 2023 (80.40) to Mar. 2024 (59.22). It may suggest that Cosco Shipping Development Co accelerated paying its suppliers.

Cosco Shipping Development Co Days Payable Historical Data

The historical data trend for Cosco Shipping Development 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.

* Premium members only.

Cosco Shipping Development Co Days Payable Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.21

104.78

64.27

67.69

85.63

Cosco Shipping Development 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															80.40	177.15	63.83	74.49	59.22

Competitive Comparison of Cosco Shipping Development Co's Days Payable

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.

Cosco Shipping Development Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Days Payable falls into.

Cosco Shipping Development 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.

Cosco Shipping Development 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
=	( (348.689	+	364.611)	/	2 )	/	1520.218	*	365
=	356.65					/	1520.218	*	365
=	85.63

Cosco Shipping Development 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
=	( (364.611	+	362.484)	/	2 )	/	560.143	*	365 / 4
=	363.5475					/	560.143	*	365 / 4
=	59.22

Cosco Shipping Development Co Days Payable Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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