Hichain Logistics Co (SZSE:300873) Days Payable : 183.63 (As of Mar. 2024)

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What is Hichain Logistics Co Days Payable?

Hichain Logistics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥626 Mil. Hichain Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥311 Mil. Hence, Hichain Logistics Co's Days Payable for the three months ended in Mar. 2024 was 183.63.

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

SZSE:300873' s Days Payable Range Over the Past 10 Years
Min: 83.35 Med: 88.95 Max: 144.87
Current: 140

During the past 8 years, Hichain Logistics Co's highest Days Payable was 144.87. The lowest was 83.35. And the median was 88.95.

SZSE:300873's Days Payable is ranked better than
88.16% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs SZSE:300873: 140.00

Hichain Logistics Co's Days Payable increased from Mar. 2023 (132.93) to Mar. 2024 (183.63). It may suggest that Hichain Logistics Co delayed paying its suppliers.

Hichain Logistics Co Days Payable Historical Data

The historical data trend for Hichain Logistics 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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Hichain Logistics Co Days Payable Chart

Hichain Logistics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.60

91.29

86.16

101.81

144.87

Hichain Logistics 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															132.93	132.00	114.09	126.64	183.63

Competitive Comparison of Hichain Logistics Co's Days Payable

For the Integrated Freight & Logistics subindustry, Hichain Logistics 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.

Hichain Logistics Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Hichain Logistics Co's Days Payable falls into.

Hichain Logistics 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.

Hichain Logistics 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
=	( (466.052	+	656.584)	/	2 )	/	1414.225	*	365
=	561.318					/	1414.225	*	365
=	144.87

Hichain Logistics 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
=	( (656.584	+	594.812)	/	2 )	/	310.928	*	365 / 4
=	625.698					/	310.928	*	365 / 4
=	183.63

Hichain Logistics Co Days Payable Related Terms

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Hichain Logistics Co (SZSE:300873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hichain Logistics Co Ltd (SZSE:300873) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Quanhai Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.hichain.com

Hichain Logistics Co Ltd is a provider of all-round and integrated modern integrated logistics services for related enterprises in the electronic information industry. The company provides comprehensive logistics solutions integrating transportation, warehousing, customs and other value-added services for technology manufacturing enterprises. Its services include Road Transportation; Intelligent Warehousing; Customs Brokerage; Integrated Zone Service; and International Freight Forwarding.

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