Shenzhen Easttop Supply Chain Management Co (SZSE:002889) Days Payable : 21.72 (As of Mar. 2024)

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What is Shenzhen Easttop Supply Chain Management Co Days Payable?

Shenzhen Easttop Supply Chain Management Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥175 Mil. Shenzhen Easttop Supply Chain Management Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥736 Mil. Hence, Shenzhen Easttop Supply Chain Management Co's Days Payable for the three months ended in Mar. 2024 was 21.72.

The historical rank and industry rank for Shenzhen Easttop Supply Chain Management Co's Days Payable or its related term are showing as below:

SZSE:002889' s Days Payable Range Over the Past 10 Years
Min: 10.13 Med: 98.13 Max: 323.03
Current: 22

During the past 13 years, Shenzhen Easttop Supply Chain Management Co's highest Days Payable was 323.03. The lowest was 10.13. And the median was 98.13.

SZSE:002889's Days Payable is ranked worse than
78.41% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs SZSE:002889: 22.00

Shenzhen Easttop Supply Chain Management Co's Days Payable increased from Mar. 2023 (19.89) to Mar. 2024 (21.72). It may suggest that Shenzhen Easttop Supply Chain Management Co delayed paying its suppliers.

Shenzhen Easttop Supply Chain Management Co Days Payable Historical Data

The historical data trend for Shenzhen Easttop Supply Chain Management 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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Shenzhen Easttop Supply Chain Management Co Days Payable Chart

Shenzhen Easttop Supply Chain Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.92

323.03

10.13

14.51

23.35

Shenzhen Easttop Supply Chain Management 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															19.89	17.79	24.18	25.30	21.72

Competitive Comparison of Shenzhen Easttop Supply Chain Management Co's Days Payable

For the Integrated Freight & Logistics subindustry, Shenzhen Easttop Supply Chain Management 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.

Shenzhen Easttop Supply Chain Management Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shenzhen Easttop Supply Chain Management Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Easttop Supply Chain Management Co's Days Payable falls into.

Shenzhen Easttop Supply Chain Management 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.

Shenzhen Easttop Supply Chain Management 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
=	( (134.727	+	165.827)	/	2 )	/	2349.002	*	365
=	150.277					/	2349.002	*	365
=	23.35

Shenzhen Easttop Supply Chain Management 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
=	( (165.827	+	184.392)	/	2 )	/	735.512	*	365 / 4
=	175.1095					/	735.512	*	365 / 4
=	21.72

Shenzhen Easttop Supply Chain Management Co Days Payable Related Terms

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Shenzhen Easttop Supply Chain Management Co (SZSE:002889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shenzhen Easttop Supply Chain Management Co Ltd (SZSE:002889) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Flower Road, 6 / F, Oriental Jiasheng Building, Futian Free Trade Zone, Shenzhen, CHN, 518038

Website

http://www.easttop.com.cn

Shenzhen Easttop Supply Chain Management Co Ltd is engaged in the provision of integrated supply chain management services. The company provides import and export agency services, customs and consultation, bonded logistic operations, domestic distribution services multimodal transport services as well as warehousing services.

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