Chongqing Port Co (SHSE:600279) Days Payable : 30.13 (As of Mar. 2024)

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What is Chongqing Port Co Days Payable?

Chongqing Port Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥417 Mil. Chongqing Port Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,263 Mil. Hence, Chongqing Port Co's Days Payable for the three months ended in Mar. 2024 was 30.13.

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

SHSE:600279' s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 27.24 Max: 50.74
Current: 33.92

During the past 13 years, Chongqing Port Co's highest Days Payable was 50.74. The lowest was 13.37. And the median was 27.24.

SHSE:600279's Days Payable is ranked worse than
56.68% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs SHSE:600279: 33.92

Chongqing Port Co's Days Payable increased from Mar. 2023 (18.66) to Mar. 2024 (30.13). It may suggest that Chongqing Port Co delayed paying its suppliers.

Chongqing Port Co Days Payable Historical Data

The historical data trend for Chongqing Port 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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Chongqing Port Co Days Payable Chart

Chongqing Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.19

23.57

23.01

28.29

32.52

Chongqing Port Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															18.66	22.70	36.77	62.03	30.13

Competitive Comparison of Chongqing Port Co's Days Payable

For the Marine Shipping subindustry, Chongqing Port 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.

Chongqing Port Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Chongqing Port Co's Days Payable falls into.

Chongqing Port 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.

Chongqing Port 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
=	( (340.288	+	450.327)	/	2 )	/	4436.24	*	365
=	395.3075					/	4436.24	*	365
=	32.52

Chongqing Port Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (450.327	+	383.835)	/	2 )	/	1263.273	*	365 / 4
=	417.081					/	1263.273	*	365 / 4
=	30.13

Chongqing Port Co Days Payable Related Terms

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Chongqing Port Co (SHSE:600279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chongqing Port Co Ltd (SHSE:600279) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Fugang Avenue, Yuzui Town, Jiangbei District, Chongqing, CHN, 400025

Website

http://www.cqgj.com.cn

Chongqing Port Co Ltd formerly Chongqing Gangjiu Co Ltd provides cargo handling services primarily in China. The business activities of the group include logistics consulting, logistics planning, ship generation, freight forwarding, port loading and unloading, land and water transfer, inland river passenger and cargo transportation, container transit transportation, warehousing, distribution and other integrated logistics transportation services.

Chongqing Port Co (SHSE:600279) Headlines

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