Shin Yang Group Bhd (XKLS:5173) Days Payable : 43.11 (As of Sep. 2024)

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What is Shin Yang Group Bhd Days Payable?

Shin Yang Group Bhd's average Accounts Payable for the three months ended in Sep. 2024 was RM98.5 Mil. Shin Yang Group Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM208.6 Mil. Hence, Shin Yang Group Bhd's Days Payable for the three months ended in Sep. 2024 was 43.11.

The historical rank and industry rank for Shin Yang Group Bhd's Days Payable or its related term are showing as below:

XKLS:5173' s Days Payable Range Over the Past 10 Years
Min: 43.15 Med: 62.52 Max: 132.3
Current: 43.15

During the past 13 years, Shin Yang Group Bhd's highest Days Payable was 132.30. The lowest was 43.15. And the median was 62.52.

XKLS:5173's Days Payable is ranked better than
57.4% of 939 companies
in the Transportation industry
Industry Median: 37.51 vs XKLS:5173: 43.15

Shin Yang Group Bhd's Days Payable declined from Sep. 2023 (46.77) to Sep. 2024 (43.11). It may suggest that Shin Yang Group Bhd accelerated paying its suppliers.

Shin Yang Group Bhd Days Payable Historical Data

The historical data trend for Shin Yang Group 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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Shin Yang Group Bhd Days Payable Chart

Shin Yang Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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60.83

73.23

64.20

58.96

47.13

Shin Yang Group Bhd 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															46.77	41.46	46.56	45.01	43.11

Competitive Comparison of Shin Yang Group Bhd's Days Payable

For the Marine Shipping subindustry, Shin Yang Group 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.

Shin Yang Group Bhd's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin Yang Group Bhd's Days Payable falls into.

Shin Yang Group 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.

Shin Yang Group Bhd's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (107.903	+	105.015)	/	2 )	/	824.4	*	365
=	106.459					/	824.4	*	365
=	47.13

Shin Yang Group Bhd'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
=	( (105.015	+	92.069)	/	2 )	/	208.566	*	365 / 4
=	98.542					/	208.566	*	365 / 4
=	43.11

Shin Yang Group Bhd Days Payable Related Terms

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Shin Yang Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shin Yang Group Bhd (XKLS:5173) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100

Website

https://www.syshippingcorp.com.my

Shin Yang Group Bhd formerly Shin Yang Shipping Corp Bhd is a shipping company engaged in shipbuilding and shipping services. Its business segments includes: shipping, ship repair and fabrication of metal structures segment; domestic and regional shipping segment which generates the majority of revenue, carries out shipping business in coastal and regional routes within Malaysia and the ASEAN region; International shipping segment; Land transportation and hiring services segment; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance and trading in welding equipment and machinery; and Others segment consist of the business of shipping agency. It operates in various countries like Malaysia, Singapore, Netherlands, Japan, Taiwan, and others.

Shin Yang Group Bhd Headlines

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