Qinhuangdao Port Co (HKSE:03369) Days Payable : 23.81 (As of Mar. 2024)

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What is Qinhuangdao Port Co Days Payable?

Qinhuangdao Port Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$298 Mil. Qinhuangdao Port Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$1,142 Mil. Hence, Qinhuangdao Port Co's Days Payable for the three months ended in Mar. 2024 was 23.81.

The historical rank and industry rank for Qinhuangdao Port Co's Days Payable or its related term are showing as below:

HKSE:03369' s Days Payable Range Over the Past 10 Years
Min: 9.4 Med: 13.9 Max: 24.15
Current: 24.15

During the past 13 years, Qinhuangdao Port Co's highest Days Payable was 24.15. The lowest was 9.40. And the median was 13.90.

HKSE:03369's Days Payable is ranked worse than
74.27% of 929 companies
in the Transportation industry
Industry Median: 38.97 vs HKSE:03369: 24.15

Qinhuangdao Port Co's Days Payable declined from Mar. 2023 (24.67) to Mar. 2024 (23.81). It may suggest that Qinhuangdao Port Co accelerated paying its suppliers.

Qinhuangdao Port Co Days Payable Historical Data

The historical data trend for Qinhuangdao Port Co'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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Qinhuangdao Port Co Days Payable Chart

Qinhuangdao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.60

14.20

16.50

19.80

19.12

Qinhuangdao Port Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															24.67	27.57	30.66	18.45	23.81

Competitive Comparison of Qinhuangdao Port Co's Days Payable

For the Marine Shipping subindustry, Qinhuangdao Port Co'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.

Qinhuangdao Port Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qinhuangdao Port Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qinhuangdao Port Co's Days Payable falls into.

Qinhuangdao Port Co 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.

Qinhuangdao Port Co'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
=	( (290.229	+	277.187)	/	2 )	/	5415.026	*	365
=	283.708					/	5415.026	*	365
=	19.12

Qinhuangdao Port Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (277.187	+	318.669)	/	2 )	/	1141.789	*	365 / 4
=	297.928					/	1141.789	*	365 / 4
=	23.81

Qinhuangdao Port Co Days Payable Related Terms

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Qinhuangdao Port Co (HKSE:03369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qinhuangdao Port Co Ltd (HKSE:03369) » Definitions » Days Payable

Traded in Other Exchanges

QHD:Germany 601326:China

Address

35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002

Website

https://www.portqhd.com

Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services including towing, tallying, and coal blending. The company's whole operations are in China.

Executives

He Bei Gang Kou Ji Tuan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Qinhuangdao Port Co (HKSE:03369) Headlines

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