Sin-Kung Logistics Bhd (XKLS:0305) Days Payable : 0.79 (As of Dec. 2024)

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What is Sin-Kung Logistics Bhd Days Payable?

Sin-Kung Logistics Bhd's average Accounts Payable for the three months ended in Dec. 2024 was RM0.27 Mil. Sin-Kung Logistics Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM31.39 Mil. Hence, Sin-Kung Logistics Bhd's Days Payable for the three months ended in Dec. 2024 was 0.79.

The historical rank and industry rank for Sin-Kung Logistics Bhd's Days Payable or its related term are showing as below:

XKLS:0305' s Days Payable Range Over the Past 10 Years
Min: 2.11 Med: 10.66 Max: 13.68
Current: 2.11

During the past 5 years, Sin-Kung Logistics Bhd's highest Days Payable was 13.68. The lowest was 2.11. And the median was 10.66.

XKLS:0305's Days Payable is ranked worse than
98.95% of 951 companies
in the Transportation industry
Industry Median: 35.88 vs XKLS:0305: 2.11

Sin-Kung Logistics Bhd's Days Payable increased from Dec. 2022 (0.00) to Dec. 2024 (0.79). It may suggest that Sin-Kung Logistics Bhd delayed paying its suppliers.

Sin-Kung Logistics Bhd Days Payable Historical Data

The historical data trend for Sin-Kung Logistics Bhd'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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Sin-Kung Logistics Bhd Days Payable Chart

Sin-Kung Logistics Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

13.68

13.42

10.66

4.73

8.82

Sin-Kung Logistics Bhd Quarterly Data
	Dec20	Dec21	Dec22	Dec23	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial			-	-	3.22	3.87	0.79

Competitive Comparison of Sin-Kung Logistics Bhd's Days Payable

For the Integrated Freight & Logistics subindustry, Sin-Kung Logistics Bhd'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.

Sin-Kung Logistics Bhd's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sin-Kung Logistics Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Sin-Kung Logistics Bhd's Days Payable falls into.

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Sin-Kung Logistics Bhd 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.

Sin-Kung Logistics Bhd's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.186	+	0.22)	/	2 )	/	8.403	*	365
=	0.203					/	8.403	*	365
=	8.82

Sin-Kung Logistics Bhd's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.327	+	0.22)	/	2 )	/	31.393	*	365 / 4
=	0.2735					/	31.393	*	365 / 4
=	0.79

Sin-Kung Logistics Bhd Days Payable Related Terms

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Sin-Kung Logistics Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sin-Kung Logistics Bhd (XKLS:0305) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460

Website

https://www.sinkung.my

Sin-Kung Logistics Bhd is a integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services and other logistics related services.

Sin-Kung Logistics Bhd Headlines

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