Ningbo Ocean Shipping Co (SHSE:601022) Days Payable : 86.94 (As of Mar. 2024)

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What is Ningbo Ocean Shipping Co Days Payable?

Ningbo Ocean Shipping Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥909 Mil. Ningbo Ocean Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥955 Mil. Hence, Ningbo Ocean Shipping Co's Days Payable for the three months ended in Mar. 2024 was 86.94.

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

SHSE:601022' s Days Payable Range Over the Past 10 Years
Min: 75.31 Med: 86.43 Max: 131.74
Current: 93.81

During the past 6 years, Ningbo Ocean Shipping Co's highest Days Payable was 131.74. The lowest was 75.31. And the median was 86.43.

SHSE:601022's Days Payable is ranked better than
81.6% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs SHSE:601022: 93.81

Ningbo Ocean Shipping Co's Days Payable declined from Mar. 2023 (97.32) to Mar. 2024 (86.94). It may suggest that Ningbo Ocean Shipping Co accelerated paying its suppliers.

Ningbo Ocean Shipping Co Days Payable Historical Data

The historical data trend for Ningbo Ocean Shipping 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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Ningbo Ocean Shipping Co Days Payable Chart

Ningbo Ocean Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.31

131.74

97.18

84.07

88.79

Ningbo Ocean Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											97.32	101.28	100.51	87.87	86.94

Competitive Comparison of Ningbo Ocean Shipping Co's Days Payable

For the Marine Shipping subindustry, Ningbo Ocean Shipping 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.

Ningbo Ocean Shipping Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Ningbo Ocean Shipping Co's Days Payable falls into.

Ningbo Ocean Shipping 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.

Ningbo Ocean Shipping 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
=	( (925.16	+	881.8)	/	2 )	/	3713.979	*	365
=	903.48					/	3713.979	*	365
=	88.79

Ningbo Ocean Shipping 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
=	( (881.8	+	937.116)	/	2 )	/	954.505	*	365 / 4
=	909.458					/	954.505	*	365 / 4
=	86.94

Ningbo Ocean Shipping Co Days Payable Related Terms

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Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Ocean Shipping Co Ltd (SHSE:601022) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020

Website

http://www.nbosco.com

Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

Ningbo Ocean Shipping Co (SHSE:601022) Headlines

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