YGMZF (MingZhu Logistics Holdings) Days Payable: 71.17 (As of Jun. 2025) — 127% Above Median

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What is MingZhu Logistics Holdings Days Payable?

MingZhu Logistics Holdings YGMZF +68.42% Days Payable is 71.17 as of Jun. 2025, which is 127% above its 10-year median of 31.41. The stock has 7 warning signs investors should review. Among 969 Transportation companies, MingZhu Logistics Holdings ranks better than 74.82% on this metric.

MingZhu Logistics Holdings's average Accounts Payable for the six months ended in Jun. 2025 was $5.37 Mil. MingZhu Logistics Holdings's Cost of Goods Sold for the six months ended in Jun. 2025 was $13.76 Mil. Hence, MingZhu Logistics Holdings's Days Payable for the six months ended in Jun. 2025 was 71.17.

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

YGMZF' s Days Payable Range Over the Past 10 Years
Min: 17.35   Med: 31.41   Max: 105.8
Current: 74.72

During the past 8 years, MingZhu Logistics Holdings's highest Days Payable was 105.80. The lowest was 17.35. And the median was 31.41.

YGMZF's Days Payable is ranked better than
74.82% of 969 companies
in the Transportation industry
Industry Median: 38.63 vs YGMZF: 74.72

MingZhu Logistics Holdings's Days Payable declined from Jun. 2024 (107.73) to Jun. 2025 (71.17). It may suggest that MingZhu Logistics Holdings accelerated paying its suppliers.


MingZhu Logistics Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings Days Payable Chart

MingZhu Logistics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial 33.99 28.83 24.85 53.87 105.80

MingZhu Logistics Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.60 74.12 107.73 68.15 71.17

YGMZF vs ODFL, XPO, KNX: Days Payable Comparison

For the Trucking subindustry, MingZhu Logistics Holdings'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.


MingZhu Logistics Holdings Days Payable vs Transportation Industry

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

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



MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings'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
=( (18.432 + 4.547) / 2 ) / 39.637*365
=11.4895 / 39.637*365
=105.80

MingZhu Logistics Holdings's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2024 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (4.547 + 6.187) / 2 ) / 13.762*365 / 2
=5.367 / 13.762*365 / 2
=71.17

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 71.17 mean?
MingZhu Logistics Holdings (YGMZF) has a Days Payable of 71.17 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MingZhu Logistics Holdings and its competitors. This is 127% above median its historical median of 31.41. Over the past decade, MingZhu Logistics Holdings' Days Payable has ranged from 17.35 to 105.80. According to the industry distribution chart, MingZhu Logistics Holdings ranks #244 out of 969 companies in the Transportation industry, placing it in the top 25.2%.
Is MingZhu Logistics Holdings' Days Payable too high?
MingZhu Logistics Holdings' current Days Payable of 71.17 is 127% above median its 10-year median of 31.41. Over the past 10 years, this metric has ranged from a low of 17.35 to a high of 105.80. The Transportation industry median Days Payable is 38.63. MingZhu Logistics Holdings' value of 71.17 is 84.2% above this industry median. Based on the distribution chart, MingZhu Logistics Holdings ranks #244 out of 969 companies in the Transportation industry, which is above the industry midpoint.
How does MingZhu Logistics Holdings' Days Payable compare to ODFL and XPO?
According to the Transportation industry distribution chart, MingZhu Logistics Holdings ranks #244 out of 969 companies for Days Payable. This puts MingZhu Logistics Holdings in the upper half of its industry. The industry median Days Payable is 38.63. MingZhu Logistics Holdings' value of 71.17 is 84.2% above this benchmark. Historically, MingZhu Logistics Holdings' own Days Payable has ranged from 17.35 to 105.80 over the past decade. While the company's 10-year median is 31.41 vs. the industry median of 38.63, MingZhu Logistics Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 38.63, based on 969 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MingZhu Logistics Holdings's current Days Payable of 71.17 is 84.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MingZhu Logistics Holdings and its competitors. For the Transportation industry, the median Days Payable is 38.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MingZhu Logistics Holdings's current Days Payable is 71.17, which is 127% above median its own 10-year median of 31.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MingZhu Logistics Holdings stock overvalued right now?
Based on GuruFocus' analysis, MingZhu Logistics Holdings (YGMZF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.40, compared to a current price of $0.00 — trading 100% below its estimated fair value. The current Days Payable is 71.17, which is 127% above median its 10-year median of 31.41 and 84.2% above the Transportation industry median of 38.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For MingZhu Logistics Holdings (YGMZF), the current Days Payable is 71.17 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MingZhu Logistics Holdings Business Description

Address No. 3018 Shayan Road, 27th Floor, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081
MingZhu Logistics Holdings Ltd is a Holding company. Its business activities include trucking services and car owner services. The segments of the company are the trucking business, car owner services business, and liquor distribution business.