Silk Road Logistics Holdings (HKSE:00988) Days Payable : 3,239.27 (As of Jun. 2023)

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What is Silk Road Logistics Holdings Days Payable?

Silk Road Logistics Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$23.45 Mil. Silk Road Logistics Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$1.32 Mil. Hence, Silk Road Logistics Holdings's Days Payable for the six months ended in Jun. 2023 was 3,239.27.

The historical rank and industry rank for Silk Road Logistics Holdings's Days Payable or its related term are showing as below:

HKSE:00988' s Days Payable Range Over the Past 10 Years
Min: 11.73 Med: 58.08 Max: 9883.81
Current: 158.72

During the past 13 years, Silk Road Logistics Holdings's highest Days Payable was 9883.81. The lowest was 11.73. And the median was 58.08.

HKSE:00988's Days Payable is not ranked
in the Capital Markets industry.
Industry Median: 106.62 vs HKSE:00988: 158.72

Silk Road Logistics Holdings's Days Payable declined from Jun. 2022 (20,239.84) to Jun. 2023 (3,239.27). It may suggest that Silk Road Logistics Holdings accelerated paying its suppliers.

Silk Road Logistics Holdings Days Payable Historical Data

The historical data trend for Silk Road Logistics Holdings'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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Silk Road Logistics Holdings Days Payable Chart

Silk Road Logistics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.23

915.52

3,901.85

9,883.81

161.36

Silk Road Logistics Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															3,754.62	20,239.84	7,637.41	3,239.27	77.76

Competitive Comparison of Silk Road Logistics Holdings's Days Payable

For the Capital Markets subindustry, Silk Road Logistics Holdings'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.

Silk Road Logistics Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Silk Road Logistics Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Silk Road Logistics Holdings's Days Payable falls into.

Silk Road Logistics Holdings 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.

Silk Road Logistics Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (87.691	+	24.849)	/	2 )	/	2.078	*	365
=	56.27					/	2.078	*	365
=	9,883.81

Silk Road Logistics Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (24.849	+	22.045)	/	2 )	/	1.321	*	365 / 2
=	23.447					/	1.321	*	365 / 2
=	3,239.27

Silk Road Logistics Holdings Days Payable Related Terms

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Silk Road Logistics Holdings (HKSE:00988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Silk Road Logistics Holdings Ltd (HKSE:00988) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Gloucester Road, Room 1702, 17th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.silkroadlogistics.com.hk

Silk Road Logistics Holdings Ltd is an Investment Holding company. It operates through three segments namely the Commodities trading segment which is engaged in the trading of commodities; the Oil segment which operates in the exploration and production of oil as well as the provision of well-drilling services; and the Logistics segment is involved in the provision of transportation and warehousing services. The company generates the majority of its revenue from the People's Republic of China.

Silk Road Logistics Holdings (HKSE:00988) Headlines

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