Shandong Airlines Co (SZSE:200152) Days Payable : 48.19 (As of Mar. 2023)

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What is Shandong Airlines Co Days Payable?

Shandong Airlines Co's average Accounts Payable for the three months ended in Mar. 2023 was HK$2,457 Mil. Shandong Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2023 was HK$4,653 Mil. Hence, Shandong Airlines Co's Days Payable for the three months ended in Mar. 2023 was 48.19.

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

SZSE:200152's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 38.78
* Ranked among companies with meaningful Days Payable only.

Shandong Airlines Co's Days Payable declined from Mar. 2022 (70.82) to Mar. 2023 (48.19). It may suggest that Shandong Airlines Co accelerated paying its suppliers.

Shandong Airlines Co Days Payable Historical Data

The historical data trend for Shandong Airlines 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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Shandong Airlines Co Days Payable Chart

Shandong Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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45.59

55.25

77.30

65.19

62.94

Shandong Airlines Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															70.82	101.25	69.98	83.17	48.19

Competitive Comparison of Shandong Airlines Co's Days Payable

For the Airports & Air Services subindustry, Shandong Airlines 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.

Shandong Airlines Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shandong Airlines Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Airlines Co's Days Payable falls into.

Shandong Airlines 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.

Shandong Airlines Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2834.006	+	1939.556)	/	2 )	/	13840.423	*	365
=	2386.781					/	13840.423	*	365
=	62.94

Shandong Airlines Co's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1939.556	+	2974.853)	/	2 )	/	4653.01	*	365 / 4
=	2457.2045					/	4653.01	*	365 / 4
=	48.19

Shandong Airlines Co Days Payable Related Terms

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Shandong Airlines Co (SZSE:200152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shandong Airlines Co Ltd (SZSE:200152) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014

Website

http://www.sda.cn

Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

Shandong Airlines Co (SZSE:200152) Headlines

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