Caravelle International Group (Caravelle International Group) Days Payable : 2.66 (As of Apr. 2023)

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What is Caravelle International Group Days Payable?

Caravelle International Group's average Accounts Payable for the six months ended in Apr. 2023 was $0.6 Mil. Caravelle International Group's Cost of Goods Sold for the six months ended in Apr. 2023 was $41.7 Mil. Hence, Caravelle International Group's Days Payable for the six months ended in Apr. 2023 was 2.66.

The historical rank and industry rank for Caravelle International Group's Days Payable or its related term are showing as below:

CACO' s Days Payable Range Over the Past 10 Years
Min: 1.33 Med: 1.35 Max: 3.91
Current: 3.91

During the past 3 years, Caravelle International Group's highest Days Payable was 3.91. The lowest was 1.33. And the median was 1.35.

CACO's Days Payable is ranked worse than
98.18% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs CACO: 3.91

Caravelle International Group's Days Payable declined from Apr. 2022 (4.01) to Apr. 2023 (2.66). It may suggest that Caravelle International Group accelerated paying its suppliers.

Caravelle International Group Days Payable Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Days Payable Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Days Payable

1.35

1.33

1.43

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Days Payable	Get a 7-Day Free Trial			0.95	1.77	4.01	3.88	2.66

Competitive Comparison of Caravelle International Group's Days Payable

For the Marine Shipping subindustry, Caravelle International Group'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.

Caravelle International Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's Days Payable falls into.

Caravelle International Group 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.

Caravelle International Group's Days Payable for the fiscal year that ended in Oct. 2022 is calculated as

	Days Payable (A: Oct. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2021 )	+	Accounts Payable (A: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2022 )	*	Days in Period
=	( (0.488	+	0.75)	/	2 )	/	158.503	*	365
=	0.619					/	158.503	*	365
=	1.43

Caravelle International Group's Days Payable for the quarter that ended in Apr. 2023 is calculated as:

	Days Payable (Q: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
=	( (0.75	+	0.467)	/	2 )	/	41.714	*	365 / 2
=	0.6085					/	41.714	*	365 / 2
=	2.66

Caravelle International Group Days Payable Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.