Nanjing Sheng Hang Shipping Co (SZSE:001205) Days Payable : 74.23 (As of Mar. 2024)

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What is Nanjing Sheng Hang Shipping Co Days Payable?

Nanjing Sheng Hang Shipping Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥204 Mil. Nanjing Sheng Hang Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥250 Mil. Hence, Nanjing Sheng Hang Shipping Co's Days Payable for the three months ended in Mar. 2024 was 74.23.

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

SZSE:001205' s Days Payable Range Over the Past 10 Years
Min: 39.1 Med: 92.88 Max: 177.24
Current: 72.02

During the past 9 years, Nanjing Sheng Hang Shipping Co's highest Days Payable was 177.24. The lowest was 39.10. And the median was 92.88.

SZSE:001205's Days Payable is ranked better than
75.21% of 932 companies
in the Transportation industry
Industry Median: 38.395 vs SZSE:001205: 72.02

Nanjing Sheng Hang Shipping Co's Days Payable declined from Mar. 2023 (90.66) to Mar. 2024 (74.23). It may suggest that Nanjing Sheng Hang Shipping Co accelerated paying its suppliers.

Nanjing Sheng Hang Shipping Co Days Payable Historical Data

The historical data trend for Nanjing Sheng Hang 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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Nanjing Sheng Hang Shipping Co Days Payable Chart

Nanjing Sheng Hang Shipping Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.58

39.10

63.31

111.64

92.88

Nanjing Sheng Hang Shipping Co Quarterly Data
	Dec18	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															90.66	73.00	72.84	68.95	74.23

Competitive Comparison of Nanjing Sheng Hang Shipping Co's Days Payable

For the Marine Shipping subindustry, Nanjing Sheng Hang 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.

Nanjing Sheng Hang Shipping Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Nanjing Sheng Hang Shipping Co's Days Payable falls into.

Nanjing Sheng Hang 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.

Nanjing Sheng Hang 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
=	( (219.54	+	220.79)	/	2 )	/	865.167	*	365
=	220.165					/	865.167	*	365
=	92.88

Nanjing Sheng Hang 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
=	( (220.79	+	186.539)	/	2 )	/	250.352	*	365 / 4
=	203.6645					/	250.352	*	365 / 4
=	74.23

Nanjing Sheng Hang Shipping Co Days Payable Related Terms

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Nanjing Sheng Hang Shipping Co (SZSE:001205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Sheng Hang Shipping Co Ltd (SZSE:001205) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 388, Ganjiaxiang Street, Qixia Street, Qixia District, Jiangsu Province, Nanjing, CHN, 210033

Website

http://www.njshsh.com

Nanjing Sheng Hang Shipping Co Ltd is engaged in the international and domestic coastal transportation, as well as the transportation of refined oil and chemicals in the middle and lower reaches of the Yangtze River.

Executives

Li Tao Yuan	Director
Li Guang Hong	Executives
Song Jiang Tao	Executives
Chen Yan Ming	Directors, executives

Nanjing Sheng Hang Shipping Co (SZSE:001205) Headlines

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