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PSIG (PS International Group) Days Payable : 73.49 (As of Jun. 2024)


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What is PS International Group Days Payable?

PS International Group's average Accounts Payable for the six months ended in Jun. 2024 was $15.4 Mil. PS International Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $38.1 Mil. Hence, PS International Group's Days Payable for the six months ended in Jun. 2024 was 73.49.

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

PSIG' s Days Payable Range Over the Past 10 Years
Min: 43.8   Med: 61.37   Max: 85.92
Current: 52.91

During the past 4 years, PS International Group's highest Days Payable was 85.92. The lowest was 43.80. And the median was 61.37.

PSIG's Days Payable is ranked better than
65.25% of 941 companies
in the Transportation industry
Industry Median: 37.3 vs PSIG: 52.91

PS International Group's Days Payable increased from Jun. 2023 (36.52) to Jun. 2024 (73.49). It may suggest that PS International Group delayed paying its suppliers.

PS International Group Days Payable Historical Data

The historical data trend for PS International Group'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.

PS International Group Days Payable Chart

PS International Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
85.92 57.03 65.71 43.80

PS International Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial 56.85 42.84 36.52 50.19 73.49

Competitive Comparison of PS International Group's Days Payable

For the Integrated Freight & Logistics subindustry, PS International Group'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.

PS International Group's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where PS International Group's Days Payable falls into.


PS International Group 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.

PS International Group'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
=( (11.901 + 18.646) / 2 ) / 127.267*365
=15.2735 / 127.267*365
=43.80

PS International Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (18.646 + 12.069) / 2 ) / 38.14*365 / 2
=15.3575 / 38.14*365 / 2
=73.49

* 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.

PS International Group Days Payable Related Terms

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PS International Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PS International Group Ltd (NAS:PSIG) » Definitions » Days Payable
Comparable Companies
GVH LSH ATXG PDPTF UNQL SGLY CJMB NCEW JANL UPS FDX OCSE:DSV XTER:DHL SZSE:002352 XSWX:KNIN JBHT ZTO EXPD HKSE:02618 CHRW
Traded in Other Exchanges
N/A
Address
No. 2-16 Kwai Fung Crescent, Kwai Chung, Unit 1002, 10th Floor, Join-in Hang Sing Centre, New Territories, Hong Kong, HKG
Website
https://www.profitsail.com
PS International Group Ltd is a freight forwarding service provider in Hong Kong with networks across the globe. It provides air and ocean export and import freight forwarding services with optional ancillary logistics-related services such as cargo pick up, cargo handling at ports, and local transportation and warehousing-related services such as repackaging, labeling, palletization, preparation of shipping documentation, arrangement of customs clearance and warehousing to meet the requirement of customers.