Hanjin Transportation Co (XKRX:002320) Days Payable : 2.56 (As of Mar. 2024)

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What is Hanjin Transportation Co Days Payable?

Hanjin Transportation Co's average Accounts Payable for the three months ended in Mar. 2024 was ₩18,512 Mil. Hanjin Transportation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩659,263 Mil. Hence, Hanjin Transportation Co's Days Payable for the three months ended in Mar. 2024 was 2.56.

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

XKRX:002320' s Days Payable Range Over the Past 10 Years
Min: 2.13 Med: 4.53 Max: 6.96
Current: 2.13

During the past 13 years, Hanjin Transportation Co's highest Days Payable was 6.96. The lowest was 2.13. And the median was 4.53.

XKRX:002320's Days Payable is ranked worse than
98.83% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs XKRX:002320: 2.13

Hanjin Transportation Co's Days Payable increased from Mar. 2023 (2.35) to Mar. 2024 (2.56). It may suggest that Hanjin Transportation Co delayed paying its suppliers.

Hanjin Transportation Co Days Payable Historical Data

The historical data trend for Hanjin Transportation 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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Hanjin Transportation Co Days Payable Chart

Hanjin Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.46

2.89

2.59

2.41

2.39

Hanjin Transportation 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															2.35	2.13	1.83	2.07	2.56

Competitive Comparison of Hanjin Transportation Co's Days Payable

For the Integrated Freight & Logistics subindustry, Hanjin Transportation 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.

Hanjin Transportation Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Hanjin Transportation Co's Days Payable falls into.

Hanjin Transportation 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.

Hanjin Transportation 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
=	( (15276	+	18512)	/	2 )	/	2576158.61	*	365
=	16894					/	2576158.61	*	365
=	2.39

Hanjin Transportation 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
=	( (18512	+	0)	/	1 )	/	659262.634	*	365 / 4
=	18512					/	659262.634	*	365 / 4
=	2.56

Hanjin Transportation Co Days Payable Related Terms

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Hanjin Transportation Co (XKRX:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hanjin Transportation Co Ltd (XKRX:002320) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

63, Namdaemun-ro, 20th Floor Hanjin New Building, Jung-gu, Seoul, KOR

Website

http://www.hanjin.co.kr

Hanjin Transportation Co Ltd is engaged in providing transportation and logistics services in Korea. The company's services include 3PL (Third Party Logistics), global express, shipping, forwarding, packaging and moving, overseas business, stevedoring, small package delivery, inland transportation, warehousing, heavy cargo transportation and rent-a-car. The group operates in various markets including China, Central Asia, Southeast Asia, and Europe.

Hanjin Transportation Co (XKRX:002320) Headlines

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