Infinity Logistics And Transport Ventures (HKSE:01442) Days Payable : 45.39 (As of Dec. 2023)

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What is Infinity Logistics And Transport Ventures Days Payable?

Infinity Logistics And Transport Ventures's average Accounts Payable for the six months ended in Dec. 2023 was HK$65.7 Mil. Infinity Logistics And Transport Ventures's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$264.1 Mil. Hence, Infinity Logistics And Transport Ventures's Days Payable for the six months ended in Dec. 2023 was 45.39.

The historical rank and industry rank for Infinity Logistics And Transport Ventures's Days Payable or its related term are showing as below:

HKSE:01442' s Days Payable Range Over the Past 10 Years
Min: 37.63 Med: 51.27 Max: 73.88
Current: 42.07

During the past 8 years, Infinity Logistics And Transport Ventures's highest Days Payable was 73.88. The lowest was 37.63. And the median was 51.27.

HKSE:01442's Days Payable is ranked better than
53.49% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs HKSE:01442: 42.07

Infinity Logistics And Transport Ventures's Days Payable increased from Dec. 2022 (41.68) to Dec. 2023 (45.39). It may suggest that Infinity Logistics And Transport Ventures delayed paying its suppliers.

Infinity Logistics And Transport Ventures Days Payable Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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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Infinity Logistics And Transport Ventures Days Payable Chart

Infinity Logistics And Transport Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.47

45.29

49.07

37.63

40.22

Infinity Logistics And Transport Ventures Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									45.29	49.61	41.68	40.58	45.39

Competitive Comparison of Infinity Logistics And Transport Ventures's Days Payable

For the Integrated Freight & Logistics subindustry, Infinity Logistics And Transport Ventures'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.

Infinity Logistics And Transport Ventures's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Infinity Logistics And Transport Ventures's Days Payable distribution charts can be found below:

* The bar in red indicates where Infinity Logistics And Transport Ventures's Days Payable falls into.

Infinity Logistics And Transport Ventures 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.

Infinity Logistics And Transport Ventures'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
=	( (44.567	+	67.089)	/	2 )	/	506.621	*	365
=	55.828					/	506.621	*	365
=	40.22

Infinity Logistics And Transport Ventures'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (64.27	+	67.089)	/	2 )	/	264.085	*	365 / 2
=	65.6795					/	264.085	*	365 / 2
=	45.39

Infinity Logistics And Transport Ventures Days Payable Related Terms

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Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200

Website

https://www.infinity.com.my

Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.

Executives

2926 Holdings Limited	2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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