Phoenix Shipping (Wuhan) Co (SZSE:000520) Days Payable : 18.83 (As of Mar. 2024)

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What is Phoenix Shipping (Wuhan) Co Days Payable?

Phoenix Shipping (Wuhan) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥44.1 Mil. Phoenix Shipping (Wuhan) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥213.5 Mil. Hence, Phoenix Shipping (Wuhan) Co's Days Payable for the three months ended in Mar. 2024 was 18.83.

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

SZSE:000520' s Days Payable Range Over the Past 10 Years
Min: 11.56 Med: 23.69 Max: 114.33
Current: 12.53

During the past 13 years, Phoenix Shipping (Wuhan) Co's highest Days Payable was 114.33. The lowest was 11.56. And the median was 23.69.

SZSE:000520's Days Payable is ranked worse than
90.88% of 932 companies
in the Transportation industry
Industry Median: 38.395 vs SZSE:000520: 12.53

Phoenix Shipping (Wuhan) Co's Days Payable increased from Mar. 2023 (10.96) to Mar. 2024 (18.83). It may suggest that Phoenix Shipping (Wuhan) Co delayed paying its suppliers.

Phoenix Shipping (Wuhan) Co Days Payable Historical Data

The historical data trend for Phoenix Shipping (Wuhan) 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.

* Premium members only.

Phoenix Shipping (Wuhan) Co Days Payable Chart

Phoenix Shipping (Wuhan) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.38

23.08

17.71

11.94

11.56

Phoenix Shipping (Wuhan) 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															10.96	10.44	9.06	10.52	18.83

Competitive Comparison of Phoenix Shipping (Wuhan) Co's Days Payable

For the Marine Shipping subindustry, Phoenix Shipping (Wuhan) 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.

Phoenix Shipping (Wuhan) Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Phoenix Shipping (Wuhan) Co's Days Payable falls into.

Phoenix Shipping (Wuhan) 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.

Phoenix Shipping (Wuhan) 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
=	( (26.164	+	36.588)	/	2 )	/	991.001	*	365
=	31.376					/	991.001	*	365
=	11.56

Phoenix Shipping (Wuhan) 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
=	( (36.588	+	51.526)	/	2 )	/	213.546	*	365 / 4
=	44.057					/	213.546	*	365 / 4
=	18.83

Phoenix Shipping (Wuhan) Co Days Payable Related Terms

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Phoenix Shipping (Wuhan) Co (SZSE:000520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Phoenix Shipping (Wuhan) Co Ltd (SZSE:000520) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 39 Minquan Road, Huijiang Building, Jianghan, Hubei, Wuhan, CHN, 430021

Website

http://zgchfh.sinotrans-csc.com

Phoenix Shipping (Wuhan) Co Ltd is engaged in the Dry bulk shipping and port logistics services industry.

Executives

Wang Tao	Directors, executives
Li Xiao Chen	Supervisors
Chen De Shun	Director
Xiao Xiang	Secretary, Director
Zhao Yu Fu	Directors, executives
Chen Qi Heng	Executives
Yan Xin Ping	Director

Phoenix Shipping (Wuhan) Co (SZSE:000520) Headlines

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