Sino Logistics PCL (BKK:SINO) Days Payable : 9.14 (As of Mar. 2024)

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What is Sino Logistics PCL Days Payable?

Sino Logistics PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿69 Mil. Sino Logistics PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿687 Mil. Hence, Sino Logistics PCL's Days Payable for the three months ended in Mar. 2024 was 9.14.

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

BKK:SINO' s Days Payable Range Over the Past 10 Years
Min: 12.31 Med: 22.36 Max: 26.16
Current: 12.31

During the past 3 years, Sino Logistics PCL's highest Days Payable was 26.16. The lowest was 12.31. And the median was 22.36.

BKK:SINO's Days Payable is ranked worse than
91.13% of 936 companies
in the Transportation industry
Industry Median: 38.785 vs BKK:SINO: 12.31

Sino Logistics PCL's Days Payable declined from Mar. 2023 (38.21) to Mar. 2024 (9.14). It may suggest that Sino Logistics PCL accelerated paying its suppliers.

Sino Logistics PCL Days Payable Historical Data

The historical data trend for Sino Logistics PCL'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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Sino Logistics PCL Days Payable Chart

Sino Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

22.36

14.68

26.16

Sino Logistics PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				38.21	16.05	12.11	13.49	9.14

Competitive Comparison of Sino Logistics PCL's Days Payable

For the Integrated Freight & Logistics subindustry, Sino Logistics PCL'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.

Sino Logistics PCL's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Sino Logistics PCL's Days Payable falls into.

Sino Logistics PCL 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.

Sino Logistics PCL'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
=	( (133.446	+	70.495)	/	2 )	/	1422.554	*	365
=	101.9705					/	1422.554	*	365
=	26.16

Sino Logistics PCL'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
=	( (70.495	+	67.046)	/	2 )	/	686.681	*	365 / 4
=	68.7705					/	686.681	*	365 / 4
=	9.14

Sino Logistics PCL Days Payable Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sino Logistics Corp PCL (BKK:SINO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.sinologistics.co.th

Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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