Cosco Shipping Development Co (SHSE:601866) Days Payable : 40.27 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Cosco Shipping Development Co Days Payable?

Cosco Shipping Development Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥3,003 Mil. Cosco Shipping Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥6,806 Mil. Hence, Cosco Shipping Development Co's Days Payable for the three months ended in Sep. 2024 was 40.27.

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

SHSE:601866' s Days Payable Range Over the Past 10 Years
Min: 40.29 Med: 71.6 Max: 110.25
Current: 52.68

During the past 13 years, Cosco Shipping Development Co's highest Days Payable was 110.25. The lowest was 40.29. And the median was 71.60.

SHSE:601866's Days Payable is ranked worse than
63.21% of 299 companies
in the Aerospace & Defense industry
Industry Median: 71.58 vs SHSE:601866: 52.68

Cosco Shipping Development Co's Days Payable declined from Sep. 2023 (63.33) to Sep. 2024 (40.27). It may suggest that Cosco Shipping Development Co accelerated paying its suppliers.

Cosco Shipping Development Co Days Payable Historical Data

The historical data trend for Cosco Shipping Development 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.

* Premium members only.

Cosco Shipping Development Co Days Payable Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

110.25

107.62

65.24

63.93

84.64

Cosco Shipping Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															63.33	75.35	58.97	45.96	40.27

Competitive Comparison of Cosco Shipping Development Co's Days Payable

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.

Cosco Shipping Development Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Days Payable falls into.

Cosco Shipping Development 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.

Cosco Shipping Development 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
=	( (2430.957	+	2603.395)	/	2 )	/	10854.657	*	365
=	2517.176					/	10854.657	*	365
=	84.64

Cosco Shipping Development Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2867.388	+	3139.552)	/	2 )	/	6805.869	*	365 / 4
=	3003.47					/	6805.869	*	365 / 4
=	40.27

Cosco Shipping Development Co Days Payable Related Terms

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

Cosco Shipping Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (SHSE:601866) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CITAF:USA 02866:Hong Kong EZ5:Germany

Address

5299 Binjiang Dadao, Pudong New Area, Shanghai, CHN, 200127

Website

https://en.development.coscoshipping.com

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services; the Container manufacturing segment, which manufactures and sells containers; the Investment management business segment, which focuses on equity or debt investment and insurance brokerage services.

Executives

Feng Bo Ming	Director
Li Zhi Gang	senior management
Zhang Song Sheng	Director

Cosco Shipping Development Co Headlines

No Headlines