Hainan Strait Shipping Co (SZSE:002320) Days Payable : 33.27 (As of Mar. 2024)

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What is Hainan Strait Shipping Co Days Payable?

Hainan Strait Shipping Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥244 Mil. Hainan Strait Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥670 Mil. Hence, Hainan Strait Shipping Co's Days Payable for the three months ended in Mar. 2024 was 33.27.

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

SZSE:002320' s Days Payable Range Over the Past 10 Years
Min: 21.38 Med: 44.27 Max: 53.79
Current: 49.24

During the past 13 years, Hainan Strait Shipping Co's highest Days Payable was 53.79. The lowest was 21.38. And the median was 44.27.

SZSE:002320's Days Payable is ranked better than
61.41% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs SZSE:002320: 49.24

Hainan Strait Shipping Co's Days Payable declined from Mar. 2023 (50.72) to Mar. 2024 (33.27). It may suggest that Hainan Strait Shipping Co accelerated paying its suppliers.

Hainan Strait Shipping Co Days Payable Historical Data

The historical data trend for Hainan Strait 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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Hainan Strait Shipping Co Days Payable Chart

Hainan Strait Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.95

39.30

53.79

48.28

51.67

Hainan Strait Shipping 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															50.72	59.66	60.54	53.74	33.27

Competitive Comparison of Hainan Strait Shipping Co's Days Payable

For the Marine Shipping subindustry, Hainan Strait 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.

Hainan Strait Shipping Co's Days Payable Distribution in the Transportation Industry

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

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

Hainan Strait 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.

Hainan Strait 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
=	( (287.834	+	282.979)	/	2 )	/	2016.047	*	365
=	285.4065					/	2016.047	*	365
=	51.67

Hainan Strait 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
=	( (282.979	+	205.356)	/	2 )	/	669.585	*	365 / 4
=	244.1675					/	669.585	*	365 / 4
=	33.27

Hainan Strait Shipping Co Days Payable Related Terms

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Hainan Strait Shipping Co (SZSE:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Strait Shipping Co Ltd (SZSE:002320) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

East Ocean Building, 7th Floor, Binhai Road, Haikou, CHN, 570311

Website

http://www.hnss.net.cn

Hainan Strait Shipping Co Ltd is a China-based company principally engaged in the passenger transportation business. The company is also involved in logistics and tourism. Hainan Strait Shipping Co. Ltd. has approximately 18 passenger ships in operation, with a total of more than 700 seats.

Hainan Strait Shipping Co (SZSE:002320) Headlines

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