ZTO Express (Cayman) (ZTO Express (Cayman)) Days Payable : 27.44 (As of Dec. 2023)

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What is ZTO Express (Cayman) Days Payable?

ZTO Express (Cayman)'s average Accounts Payable for the three months ended in Dec. 2023 was $315 Mil. ZTO Express (Cayman)'s Cost of Goods Sold for the three months ended in Dec. 2023 was $1,049 Mil. Hence, ZTO Express (Cayman)'s Days Payable for the three months ended in Dec. 2023 was 27.44.

The historical rank and industry rank for ZTO Express (Cayman)'s Days Payable or its related term are showing as below:

ZTO' s Days Payable Range Over the Past 10 Years
Min: 20.03 Med: 29.24 Max: 33.4
Current: 29.43

During the past 10 years, ZTO Express (Cayman)'s highest Days Payable was 33.40. The lowest was 20.03. And the median was 29.24.

ZTO's Days Payable is ranked worse than
64.66% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs ZTO: 29.43

ZTO Express (Cayman)'s Days Payable increased from Dec. 2022 (25.51) to Dec. 2023 (27.44). It may suggest that ZTO Express (Cayman) delayed paying its suppliers.

ZTO Express (Cayman) Days Payable Historical Data

The historical data trend for ZTO Express (Cayman)'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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ZTO Express (Cayman) Days Payable Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.13

28.36

27.21

30.11

32.83

ZTO Express (Cayman) 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															25.51	29.91	28.84	28.34	27.44

Competitive Comparison of ZTO Express (Cayman)'s Days Payable

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.

ZTO Express (Cayman)'s Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Days Payable distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Days Payable falls into.

ZTO Express (Cayman) 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.

ZTO Express (Cayman)'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
=	( (315.948	+	358.115)	/	2 )	/	3747.289	*	365
=	337.0315					/	3747.289	*	365
=	32.83

ZTO Express (Cayman)'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
=	( (272.773	+	358.115)	/	2 )	/	1049.156	*	365 / 4
=	315.444					/	1049.156	*	365 / 4
=	27.44

ZTO Express (Cayman) Days Payable Related Terms

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ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.