Shanghai Foreign Service Holding Group Co (SHSE:600662) Days Payable : 26.63 (As of Mar. 2024)

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What is Shanghai Foreign Service Holding Group Co Days Payable?

Shanghai Foreign Service Holding Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,421 Mil. Shanghai Foreign Service Holding Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,868 Mil. Hence, Shanghai Foreign Service Holding Group Co's Days Payable for the three months ended in Mar. 2024 was 26.63.

The historical rank and industry rank for Shanghai Foreign Service Holding Group Co's Days Payable or its related term are showing as below:

SHSE:600662' s Days Payable Range Over the Past 10 Years
Min: 16.61 Med: 31.01 Max: 63.52
Current: 29.55

During the past 13 years, Shanghai Foreign Service Holding Group Co's highest Days Payable was 63.52. The lowest was 16.61. And the median was 31.01.

SHSE:600662's Days Payable is ranked worse than
64.59% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs SHSE:600662: 29.55

Shanghai Foreign Service Holding Group Co's Days Payable declined from Mar. 2023 (40.91) to Mar. 2024 (26.63). It may suggest that Shanghai Foreign Service Holding Group Co accelerated paying its suppliers.

Shanghai Foreign Service Holding Group Co Days Payable Historical Data

The historical data trend for Shanghai Foreign Service Holding Group 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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Shanghai Foreign Service Holding Group Co Days Payable Chart

Shanghai Foreign Service Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.61

17.82

63.52

48.54

36.61

Shanghai Foreign Service Holding Group 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															40.91	35.49	27.47	26.91	26.63

Competitive Comparison of Shanghai Foreign Service Holding Group Co's Days Payable

For the Trucking subindustry, Shanghai Foreign Service Holding Group 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.

Shanghai Foreign Service Holding Group Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Foreign Service Holding Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Foreign Service Holding Group Co's Days Payable falls into.

Shanghai Foreign Service Holding Group 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.

Shanghai Foreign Service Holding Group 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
=	( (1912.951	+	1543.325)	/	2 )	/	17230.553	*	365
=	1728.138					/	17230.553	*	365
=	36.61

Shanghai Foreign Service Holding Group 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
=	( (1543.325	+	1298.265)	/	2 )	/	4868.005	*	365 / 4
=	1420.795					/	4868.005	*	365 / 4
=	26.63

Shanghai Foreign Service Holding Group Co Days Payable Related Terms

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Shanghai Foreign Service Holding Group Co (SHSE:600662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Foreign Service Holding Group Co Ltd (SHSE:600662) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 920 Nanjing West Road, Nantai Building, Shanghai, CHN, 200041

Website

http://www.62580000.com.cn

Shanghai Qiangsheng Holding Co Ltd is principally engaged in providing taxi services. It is also involved in the rental of cars, automobile service, tourism and housing industry. Geographically the activities are carried out through Shanghai.

Shanghai Foreign Service Holding Group Co (SHSE:600662) Headlines

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