Sinotrans Shipping (Sinotrans Shipping) Days Payable : 64.29 (As of Jun. 2018)

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What is Sinotrans Shipping Days Payable?

Sinotrans Shipping's average Accounts Payable for the six months ended in Jun. 2018 was $158.19 Mil. Sinotrans Shipping's Cost of Goods Sold for the six months ended in Jun. 2018 was $449.05 Mil. Hence, Sinotrans Shipping's Days Payable for the six months ended in Jun. 2018 was 64.29.

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

SSLYY' s Days Payable Range Over the Past 10 Years
Min: 13.67 Med: 60.23 Max: 119.07
Current: 58.38

During the past 12 years, Sinotrans Shipping's highest Days Payable was 119.07. The lowest was 13.67. And the median was 60.23.

SSLYY's Days Payable is not ranked
in the Transportation industry.
Industry Median: 38.5 vs SSLYY: 58.38

Sinotrans Shipping's Days Payable declined from Jun. 2017 (64.30) to Jun. 2018 (64.29). It may suggest that Sinotrans Shipping accelerated paying its suppliers.

Sinotrans Shipping Days Payable Historical Data

The historical data trend for Sinotrans Shipping'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.

Sinotrans Shipping Days Payable Chart

Sinotrans Shipping Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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27.94

59.10

65.48

66.32

62.76

Sinotrans Shipping Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Days Payable	Get a 7-Day Free Trial															71.12	58.58	64.30	70.08	64.29

Competitive Comparison of Sinotrans Shipping's Days Payable

For the Marine Shipping subindustry, Sinotrans Shipping'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.

Sinotrans Shipping's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sinotrans Shipping's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinotrans Shipping's Days Payable falls into.

Sinotrans Shipping 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.

Sinotrans Shipping's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (152.651	+	170.652)	/	2 )	/	940.108	*	365
=	161.6515					/	940.108	*	365
=	62.76

Sinotrans Shipping's Days Payable for the quarter that ended in Jun. 2018 is calculated as:

	Days Payable (Q: Jun. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2017 )	+	Accounts Payable (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (170.652	+	145.722)	/	2 )	/	449.054	*	365 / 2
=	158.187					/	449.054	*	365 / 2
=	64.29

Sinotrans Shipping Days Payable Related Terms

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Sinotrans Shipping (Sinotrans Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sinotrans Shipping Ltd (GREY:SSLYY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.sinotranship.com

Sinotrans Shipping is a transportation and logistics company, domiciled in Hong Kong. The company organises itself into three segments: container shipping, dry bulk shipping, and others. Container shipping, which contributes the majority of revenue, transports shipping containers and provides freight forwarding services. Dry bulk shipping, the next most significant segment, transports ocean freight and includes charter hire income. The others segment includes ship management and the liquefied natural gas business. The company derives the majority of revenue from Asia.

Sinotrans Shipping (Sinotrans Shipping) Headlines

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