SITC International Holdings Co (HKSE:01308) Days Payable : 42.74 (As of Dec. 2023)

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What is SITC International Holdings Co Days Payable?

SITC International Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,618 Mil. SITC International Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,910 Mil. Hence, SITC International Holdings Co's Days Payable for the six months ended in Dec. 2023 was 42.74.

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

HKSE:01308' s Days Payable Range Over the Past 10 Years
Min: 35.18 Med: 41.56 Max: 45.89
Current: 41.9

During the past 13 years, SITC International Holdings Co's highest Days Payable was 45.89. The lowest was 35.18. And the median was 41.56.

HKSE:01308's Days Payable is ranked better than
53.49% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs HKSE:01308: 41.90

SITC International Holdings Co's Days Payable increased from Dec. 2022 (40.92) to Dec. 2023 (42.74). It may suggest that SITC International Holdings Co delayed paying its suppliers.

SITC International Holdings Co Days Payable Historical Data

The historical data trend for SITC International Holdings 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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SITC International Holdings Co Days Payable Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.25

45.89

40.30

35.18

41.63

SITC International Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															39.32	41.05	40.92	41.41	42.74

Competitive Comparison of SITC International Holdings Co's Days Payable

For the Marine Shipping subindustry, SITC International Holdings 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.

SITC International Holdings Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where SITC International Holdings Co's Days Payable falls into.

SITC International Holdings 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.

SITC International Holdings 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
=	( (1627.943	+	1589.404)	/	2 )	/	14103.913	*	365
=	1608.6735					/	14103.913	*	365
=	41.63

SITC International Holdings 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1646.873	+	1589.404)	/	2 )	/	6909.518	*	365 / 2
=	1618.1385					/	6909.518	*	365 / 2
=	42.74

SITC International Holdings Co Days Payable Related Terms

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SITC International Holdings Co (HKSE:01308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (HKSE:01308) » Definitions » Days Payable

Traded in Other Exchanges

SITIY:USA 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.

SITC International Holdings Co (HKSE:01308) Headlines

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