CN Logistics International Holdings (HKSE:02130) Days Payable : 49.83 (As of Dec. 2023)

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What is CN Logistics International Holdings Days Payable?

CN Logistics International Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$238 Mil. CN Logistics International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$872 Mil. Hence, CN Logistics International Holdings's Days Payable for the six months ended in Dec. 2023 was 49.83.

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

HKSE:02130' s Days Payable Range Over the Past 10 Years
Min: 46.6 Med: 53.17 Max: 59.04
Current: 53.69

During the past 7 years, CN Logistics International Holdings's highest Days Payable was 59.04. The lowest was 46.60. And the median was 53.17.

HKSE:02130's Days Payable is ranked better than
63.37% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs HKSE:02130: 53.69

CN Logistics International Holdings's Days Payable declined from Dec. 2022 (51.13) to Dec. 2023 (49.83). It may suggest that CN Logistics International Holdings accelerated paying its suppliers.

CN Logistics International Holdings Days Payable Historical Data

The historical data trend for CN Logistics International 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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CN Logistics International Holdings Days Payable Chart

CN Logistics International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.95

46.60

53.17

51.73

54.52

CN Logistics International Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						39.62	52.83	51.13	56.99	49.83

Competitive Comparison of CN Logistics International Holdings's Days Payable

For the Integrated Freight & Logistics subindustry, CN Logistics International 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.

CN Logistics International Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CN Logistics International Holdings's Days Payable distribution charts can be found below:

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

CN Logistics International 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.

CN Logistics International Holdings'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
=	( (266.919	+	236.123)	/	2 )	/	1683.923	*	365
=	251.521					/	1683.923	*	365
=	54.52

CN Logistics International Holdings'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
=	( (240.097	+	236.123)	/	2 )	/	872.142	*	365 / 2
=	238.11					/	872.142	*	365 / 2
=	49.83

CN Logistics International Holdings Days Payable Related Terms

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CN Logistics International Holdings (HKSE:02130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CN Logistics International Holdings Ltd (HKSE:02130) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

97-107 Wo Yi Hop Road, Unit B, 13th Floor, Park Sun Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.cnlogistics.com.hk

CN Logistics International Holdings Ltd is an international logistics solutions provider. Its core business is providing air freight forwarding services and distribution and logistics services in relation to fashion products and fine wine, majorly focusing on high-end fashion including luxury and affordable luxury products.

Executives

Cargo Services Group Limited	2201 Interest of corporation controlled by you
Cs Logistics Holdings Ltd.	2201 Interest of corporation controlled by you
Lau Shek Yau John	2201 Interest of corporation controlled by you
Bai Chang Tai You Xian Gong Si	2201 Interest of corporation controlled by you
Dp World Limited	2201 Interest of corporation controlled by you
Cargo Services Seafreight Limited	2101 Beneficial owner
Cargo Services (logistics) Limited	2101 Beneficial owner
Ngan Au Kei Yee
Ngan Tim Wing	2101 Beneficial owner
Chan Wing Luk	2101 Beneficial owner

CN Logistics International Holdings (HKSE:02130) Headlines

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