Shanghai International Port (Group) Co (SHSE:600018) Days Payable : 80.59 (As of Dec. 2023)

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What is Shanghai International Port (Group) Co Days Payable?

Shanghai International Port (Group) Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥6,221 Mil. Shanghai International Port (Group) Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥7,044 Mil. Hence, Shanghai International Port (Group) Co's Days Payable for the three months ended in Dec. 2023 was 80.59.

The historical rank and industry rank for Shanghai International Port (Group) Co's Days Payable or its related term are showing as below:

SHSE:600018' s Days Payable Range Over the Past 10 Years
Min: 28.9 Med: 58.69 Max: 108.39
Current: 88.92

During the past 13 years, Shanghai International Port (Group) Co's highest Days Payable was 108.39. The lowest was 28.90. And the median was 58.69.

SHSE:600018's Days Payable is ranked better than
80.24% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs SHSE:600018: 88.92

Shanghai International Port (Group) Co's Days Payable increased from Dec. 2022 (77.23) to Dec. 2023 (80.59). It may suggest that Shanghai International Port (Group) Co delayed paying its suppliers.

Shanghai International Port (Group) Co Days Payable Historical Data

The historical data trend for Shanghai International Port (Group) Co'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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Shanghai International Port (Group) Co Days Payable Chart

Shanghai International Port (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.01

108.39

94.95

89.74

96.31

Shanghai International Port (Group) Co 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															77.23	109.57	90.56	76.23	80.59

Competitive Comparison of Shanghai International Port (Group) Co's Days Payable

For the Marine Shipping subindustry, Shanghai International Port (Group) Co'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.

Shanghai International Port (Group) Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Port (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai International Port (Group) Co's Days Payable falls into.

Shanghai International Port (Group) Co 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.

Shanghai International Port (Group) Co'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
=	( (5765.823	+	6639.728)	/	2 )	/	23506.848	*	365
=	6202.7755					/	23506.848	*	365
=	96.31

Shanghai International Port (Group) Co'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
=	( (5803.157	+	6639.728)	/	2 )	/	7044.003	*	365 / 4
=	6221.4425					/	7044.003	*	365 / 4
=	80.59

Shanghai International Port (Group) Co Days Payable Related Terms

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Shanghai International Port (Group) Co (SHSE:600018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai International Port (Group) Co Ltd (SHSE:600018) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

358 East Daming Road, Shanghai, CHN, 200080

Website

http://www.portshanghai.com.cn

Shanghai International Port Group, or SIPG, is the world's largest container port in terms of throughput volume, and a major trans-shipment hub in China. It engages in handling port containers and bulk cargo along with other container-related services in the Yangtze River Delta. The gross profit in core port operation is approximately 72% in containers, 2% in bulk cargo, and 26% in port logistics and services. The Shanghai state-owned Asset Supervision and Administration Commission holds approximately a 44% stake in SIPG.

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