Seacon Shipping Group Holdings (HKSE:02409) Days Payable : 23.23 (As of Dec. 2023)

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What is Seacon Shipping Group Holdings Days Payable?

Seacon Shipping Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$116 Mil. Seacon Shipping Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$909 Mil. Hence, Seacon Shipping Group Holdings's Days Payable for the six months ended in Dec. 2023 was 23.23.

The historical rank and industry rank for Seacon Shipping Group Holdings's Days Payable or its related term are showing as below:

HKSE:02409' s Days Payable Range Over the Past 10 Years
Min: 24.45 Med: 30.62 Max: 38.54
Current: 28.47

During the past 5 years, Seacon Shipping Group Holdings's highest Days Payable was 38.54. The lowest was 24.45. And the median was 30.62.

HKSE:02409's Days Payable is ranked worse than
66.14% of 948 companies
in the Transportation industry
Industry Median: 37.445 vs HKSE:02409: 28.47

Seacon Shipping Group Holdings's Days Payable declined from Dec. 2022 (30.33) to Dec. 2023 (23.23). It may suggest that Seacon Shipping Group Holdings accelerated paying its suppliers.

Seacon Shipping Group Holdings Days Payable Historical Data

The historical data trend for Seacon Shipping Group 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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Seacon Shipping Group Holdings Days Payable Chart

Seacon Shipping Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

38.23

38.54

24.45

25.18

30.62

Seacon Shipping Group Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			21.17	30.33	30.95	23.23	28.75

Competitive Comparison of Seacon Shipping Group Holdings's Days Payable

For the Marine Shipping subindustry, Seacon Shipping Group 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.

Seacon Shipping Group Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Seacon Shipping Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Seacon Shipping Group Holdings's Days Payable falls into.

Seacon Shipping Group 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.

Seacon Shipping Group 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
=	( (163.914	+	122.981)	/	2 )	/	1709.808	*	365
=	143.4475					/	1709.808	*	365
=	30.62

Seacon Shipping Group 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
=	( (108.464	+	122.981)	/	2 )	/	909.029	*	365 / 2
=	115.7225					/	909.029	*	365 / 2
=	23.23

Seacon Shipping Group Holdings Days Payable Related Terms

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Seacon Shipping Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seacon Shipping Group Holdings Ltd (HKSE:02409) » Definitions » Days Payable

Traded in Other Exchanges

K2N:Germany

Address

No. 20 Zhuzhou Road, Rooms 01 and 04, 23rd Floor, Block B, Building 3, Laoshan District, Shandong Province, Qingdao, CHN

Website

http://www.seacon.com

Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. The company's comprehensive solutions include, 1) shipping services and 2) ship management services, covering each process along the value chain of the maritime shipping industry.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Shining Friends Limited	2201 Interest of corporation controlled by you
Oceanic Flame Limited	2201 Interest of corporation controlled by you
Guo Jinkui	2501 Other
Li Xuyue	2202 Interest of your spouse
Jin Qiu Holding Ltd.	2101 Beneficial owner
Chen Meimei	2202 Interest of your spouse
Kaimei Holding Ltd.	2101 Beneficial owner
Jovial Alliance Limited	2101 Beneficial owner
Chen Zekai	2501 Other

Seacon Shipping Group Holdings Headlines

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