China International Marine Containers (Group) Co (FRA:OCM) Days Payable : 78.49 (As of Mar. 2024)

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What is China International Marine Containers (Group) Co Days Payable?

China International Marine Containers (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was €3,202 Mil. China International Marine Containers (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €3,723 Mil. Hence, China International Marine Containers (Group) Co's Days Payable for the three months ended in Mar. 2024 was 78.49.

The historical rank and industry rank for China International Marine Containers (Group) Co's Days Payable or its related term are showing as below:

FRA:OCM' s Days Payable Range Over the Past 10 Years
Min: 54.4 Med: 73.75 Max: 98.35
Current: 70.64

During the past 13 years, China International Marine Containers (Group) Co's highest Days Payable was 98.35. The lowest was 54.40. And the median was 73.75.

FRA:OCM's Days Payable is ranked worse than
54.54% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs FRA:OCM: 70.64

China International Marine Containers (Group) Co's Days Payable increased from Mar. 2023 (77.74) to Mar. 2024 (78.49). It may suggest that China International Marine Containers (Group) Co delayed paying its suppliers.

China International Marine Containers (Group) Co Days Payable Historical Data

The historical data trend for China International Marine Containers (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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China International Marine Containers (Group) Co Days Payable Chart

China International Marine Containers (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.52

74.44

52.16

65.45

75.55

China International Marine Containers (Group) 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															77.74	64.65	66.05	76.20	78.49

Competitive Comparison of China International Marine Containers (Group) Co's Days Payable

For the Metal Fabrication subindustry, China International Marine Containers (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.

China International Marine Containers (Group) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China International Marine Containers (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China International Marine Containers (Group) Co's Days Payable falls into.

China International Marine Containers (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.

China International Marine Containers (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
=	( (2666.395	+	3193.096)	/	2 )	/	14154.268	*	365
=	2929.7455					/	14154.268	*	365
=	75.55

China International Marine Containers (Group) 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
=	( (3193.096	+	3211.072)	/	2 )	/	3722.807	*	365 / 4
=	3202.084					/	3722.807	*	365 / 4
=	78.49

China International Marine Containers (Group) Co Days Payable Related Terms

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China International Marine Containers (Group) Co (FRA:OCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (FRA:OCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

02039:Hong Kong 000039:China

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

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