Ocean Line Port Development (HKSE:08502) Days Payable : 51.86 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Ocean Line Port Development Days Payable?

Ocean Line Port Development's average Accounts Payable for the three months ended in Dec. 2023 was HK$7.3 Mil. Ocean Line Port Development's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$12.8 Mil. Hence, Ocean Line Port Development's Days Payable for the three months ended in Dec. 2023 was 51.86.

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

HKSE:08502' s Days Payable Range Over the Past 10 Years
Min: 19.65 Med: 38.05 Max: 52.63
Current: 52.63

During the past 9 years, Ocean Line Port Development's highest Days Payable was 52.63. The lowest was 19.65. And the median was 38.05.

HKSE:08502's Days Payable is ranked worse than
68.93% of 1606 companies
in the Construction industry
Industry Median: 76.4 vs HKSE:08502: 52.63

Ocean Line Port Development's Days Payable increased from Dec. 2022 (47.54) to Dec. 2023 (51.86). It may suggest that Ocean Line Port Development delayed paying its suppliers.

Ocean Line Port Development Days Payable Historical Data

The historical data trend for Ocean Line Port Development'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.

* Premium members only.

Ocean Line Port Development Days Payable Chart

Ocean Line Port Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

38.05

44.21

43.66

47.21

46.97

Ocean Line Port Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															47.54	49.20	60.77	59.68	51.86

Competitive Comparison of Ocean Line Port Development's Days Payable

For the Infrastructure Operations subindustry, Ocean Line Port Development'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.

Ocean Line Port Development's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ocean Line Port Development's Days Payable distribution charts can be found below:

* The bar in red indicates where Ocean Line Port Development's Days Payable falls into.

Ocean Line Port Development 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.

Ocean Line Port Development'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
=	( (10.324	+	7.264)	/	2 )	/	68.332	*	365
=	8.794					/	68.332	*	365
=	46.97

Ocean Line Port Development'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	7.264)	/	1 )	/	12.782	*	365 / 4
=	7.264					/	12.782	*	365 / 4
=	51.86

Ocean Line Port Development Days Payable Related Terms

Thank you for viewing the detailed overview of Ocean Line Port Development's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ocean Line Port Development (HKSE:08502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Line Port Development Ltd (HKSE:08502) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.8 Yanjiang Avenue, Chizhou Economic Development Zone, Chizhou, Anhui, CHN

Website

http://www.oceanlineport.com

Ocean Line Port Development Ltd is engaged in the provision of port logistic services. Its business includes cargo handling and related supporting port services, including warehousing, short-haul land transportation, and other miscellaneous services. The company provides loading and unloading services for domestic and foreign trade, covering a wide range of cargo types, including bulk cargoes. Geographically, the group provides port services in China, and all its revenues are generated in China.

Executives

Vital Force Developments Limited	2101 Beneficial owner
Cheung Wai Fung	2101 Beneficial owner
Kwai Sze Hoi	2101 Beneficial owner

Ocean Line Port Development (HKSE:08502) Headlines

No Headlines