CJ Logistics (XKRX:000120) Days Payable : 29.12 (As of Dec. 2023)

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What is CJ Logistics Days Payable?

CJ Logistics's average Accounts Payable for the three months ended in Dec. 2023 was ₩872,360 Mil. CJ Logistics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩2,733,176 Mil. Hence, CJ Logistics's Days Payable for the three months ended in Dec. 2023 was 29.12.

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

XKRX:000120' s Days Payable Range Over the Past 10 Years
Min: 27.64 Med: 31.65 Max: 36.98
Current: 28.96

During the past 13 years, CJ Logistics's highest Days Payable was 36.98. The lowest was 27.64. And the median was 31.65.

XKRX:000120's Days Payable is ranked worse than
66.1% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs XKRX:000120: 28.96

CJ Logistics's Days Payable increased from Dec. 2022 (28.10) to Dec. 2023 (29.12). It may suggest that CJ Logistics delayed paying its suppliers.

CJ Logistics Days Payable Historical Data

The historical data trend for CJ Logistics'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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CJ Logistics Days Payable Chart

CJ Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.68

32.94

30.62

27.64

29.56

CJ Logistics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															28.10	29.57	27.29	29.27	29.12

Competitive Comparison of CJ Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, CJ Logistics'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.

CJ Logistics's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where CJ Logistics's Days Payable falls into.

CJ Logistics 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.

CJ Logistics'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
=	( (831449.965	+	864030.638)	/	2 )	/	10468766.117	*	365
=	847740.3015					/	10468766.117	*	365
=	29.56

CJ Logistics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (880689.99	+	864030.638)	/	2 )	/	2733176.107	*	365 / 4
=	872360.314					/	2733176.107	*	365 / 4
=	29.12

CJ Logistics Days Payable Related Terms

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CJ Logistics (XKRX:000120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CJ Logistics Corp (XKRX:000120) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 53, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513

Website

http://www.cjlogistics.com

CJ Logistics Corp is a Korean-based an integrated shipping and logistics company. It provides differentiated service of logistics which includes contract logistics, forwarding, stevedoring, marine transport, parcel delivery, international express, SCM solutions, environmental business, gas station service, oil marketer business, and moving service. It provides global integrated logistics service via a wide range of logistics network which extends across 22 countries.

CJ Logistics (XKRX:000120) Headlines

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