ZIM Integrated Shipping Services (ZIM Integrated Shipping Services) Days Payable : 36.85 (As of Dec. 2023)

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What is ZIM Integrated Shipping Services Days Payable?

ZIM Integrated Shipping Services's average Accounts Payable for the three months ended in Dec. 2023 was $485 Mil. ZIM Integrated Shipping Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,200 Mil. Hence, ZIM Integrated Shipping Services's Days Payable for the three months ended in Dec. 2023 was 36.85.

The historical rank and industry rank for ZIM Integrated Shipping Services's Days Payable or its related term are showing as below:

ZIM' s Days Payable Range Over the Past 10 Years
Min: 20.85 Med: 33.6 Max: 44.49
Current: 32.87

During the past 7 years, ZIM Integrated Shipping Services's highest Days Payable was 44.49. The lowest was 20.85. And the median was 33.60.

ZIM's Days Payable is ranked worse than
57.53% of 930 companies
in the Transportation industry
Industry Median: 39.16 vs ZIM: 32.87

ZIM Integrated Shipping Services's Days Payable declined from Dec. 2022 (38.36) to Dec. 2023 (36.85). It may suggest that ZIM Integrated Shipping Services accelerated paying its suppliers.

ZIM Integrated Shipping Services Days Payable Historical Data

The historical data trend for ZIM Integrated Shipping Services'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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ZIM Integrated Shipping Services Days Payable Chart

ZIM Integrated Shipping Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.79

38.27

28.92

25.62

20.85

ZIM Integrated Shipping Services Quarterly Data
	Dec17	Dec18	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															38.36	61.76	63.13	14.72	36.85

Competitive Comparison of ZIM Integrated Shipping Services's Days Payable

For the Marine Shipping subindustry, ZIM Integrated Shipping Services'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.

ZIM Integrated Shipping Services's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZIM Integrated Shipping Services's Days Payable distribution charts can be found below:

* The bar in red indicates where ZIM Integrated Shipping Services's Days Payable falls into.

ZIM Integrated Shipping Services 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.

ZIM Integrated Shipping Services'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
=	( (427.2	+	414.6)	/	2 )	/	7369.8	*	365
=	420.9					/	7369.8	*	365
=	20.85

ZIM Integrated Shipping Services'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
=	( (554.6	+	414.6)	/	2 )	/	1200.1	*	365 / 4
=	484.6					/	1200.1	*	365 / 4
=	36.85

ZIM Integrated Shipping Services Days Payable Related Terms

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ZIM Integrated Shipping Services (ZIM Integrated Shipping Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZIM Integrated Shipping Services Ltd (NYSE:ZIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2SV:Germany

Address

9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa, ISR, 3190500

Website

https://www.zim.com

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.