LC Logistics (HKSE:02490) Days Payable : 93.04 (As of Dec. 2023)

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What is LC Logistics Days Payable?

LC Logistics's average Accounts Payable for the six months ended in Dec. 2023 was HK$282 Mil. LC Logistics's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,107 Mil. Hence, LC Logistics's Days Payable for the six months ended in Dec. 2023 was 46.52.

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

HKSE:02490' s Days Payable Range Over the Past 10 Years
Min: 28.91 Med: 55.23 Max: 93.04
Current: 93.04

During the past 4 years, LC Logistics's highest Days Payable was 93.04. The lowest was 28.91. And the median was 55.23.

HKSE:02490's Days Payable is ranked better than
81.05% of 929 companies
in the Transportation industry
Industry Median: 38.97 vs HKSE:02490: 93.04

LC Logistics's Days Payable increased from Dec. 2021 (28.91) to Dec. 2023 (93.04). It may suggest that LC Logistics delayed paying its suppliers.

LC Logistics Days Payable Historical Data

The historical data trend for LC Logistics'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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LC Logistics Days Payable Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

73.03

28.91

37.43

93.04

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	73.03	28.91	37.43	93.04

Competitive Comparison of LC Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where LC Logistics's Days Payable falls into.

LC Logistics 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.

LC Logistics'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
=	( (375.652	+	188.565)	/	2 )	/	1106.743	*	365
=	282.1085					/	1106.743	*	365
=	93.04

LC Logistics'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (375.652	+	188.565)	/	2 )	/	1106.743	*	365 / 2
=	282.1085					/	1106.743	*	365 / 2
=	46.52

LC Logistics Days Payable Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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