Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Days Payable : 45.46 (As of Mar. 2024)

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What is Shanghai Jinjiang Shipping (Group) Co Days Payable?

Shanghai Jinjiang Shipping (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥484 Mil. Shanghai Jinjiang Shipping (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥972 Mil. Hence, Shanghai Jinjiang Shipping (Group) Co's Days Payable for the three months ended in Mar. 2024 was 45.46.

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

SHSE:601083' s Days Payable Range Over the Past 10 Years
Min: 43.49 Med: 51.33 Max: 56.91
Current: 44.77

During the past 5 years, Shanghai Jinjiang Shipping (Group) Co's highest Days Payable was 56.91. The lowest was 43.49. And the median was 51.33.

SHSE:601083's Days Payable is ranked better than
57.33% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs SHSE:601083: 44.77

Shanghai Jinjiang Shipping (Group) Co's Days Payable declined from Mar. 2023 (69.43) to Mar. 2024 (45.46). It may suggest that Shanghai Jinjiang Shipping (Group) Co accelerated paying its suppliers.

Shanghai Jinjiang Shipping (Group) Co Days Payable Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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 Jinjiang Shipping (Group) Co Days Payable Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

43.49

47.80

51.33

56.91

51.73

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							69.43	45.72	47.49	38.61	45.46

Competitive Comparison of Shanghai Jinjiang Shipping (Group) Co's Days Payable

For the Marine Shipping subindustry, Shanghai Jinjiang Shipping (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 Jinjiang Shipping (Group) Co's Days Payable Distribution in the Transportation Industry

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

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

Shanghai Jinjiang Shipping (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 Jinjiang Shipping (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
=	( (729.878	+	442.559)	/	2 )	/	4136.286	*	365
=	586.2185					/	4136.286	*	365
=	51.73

Shanghai Jinjiang Shipping (Group) 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
=	( (442.559	+	525.616)	/	2 )	/	971.764	*	365 / 4
=	484.0875					/	971.764	*	365 / 4
=	45.46

Shanghai Jinjiang Shipping (Group) Co Days Payable Related Terms

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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

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