Qingdao Port International Co (HKSE:06198) Days Payable : 22.09 (As of Dec. 2023)

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What is Qingdao Port International Co Days Payable?

Qingdao Port International Co's average Accounts Payable for the three months ended in Dec. 2023 was HK$996 Mil. Qingdao Port International Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$4,113 Mil. Hence, Qingdao Port International Co's Days Payable for the three months ended in Dec. 2023 was 22.09.

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

HKSE:06198' s Days Payable Range Over the Past 10 Years
Min: 6.03 Med: 88.33 Max: 465.56
Current: 22.58

During the past 11 years, Qingdao Port International Co's highest Days Payable was 465.56. The lowest was 6.03. And the median was 88.33.

HKSE:06198's Days Payable is ranked worse than
77.03% of 936 companies
in the Transportation industry
Industry Median: 38.84 vs HKSE:06198: 22.58

Qingdao Port International Co's Days Payable increased from Sep. 2022 (17.79) to Dec. 2023 (22.09). It may suggest that Qingdao Port International Co delayed paying its suppliers.

Qingdao Port International Co Days Payable Historical Data

The historical data trend for Qingdao Port International 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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Qingdao Port International Co Days Payable Chart

Qingdao Port International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.77

27.36

19.50

13.31

6.03

Qingdao Port International Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															6.26	-	30.02	22.09	4.59

Competitive Comparison of Qingdao Port International Co's Days Payable

For the Marine Shipping subindustry, Qingdao Port International 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.

Qingdao Port International Co's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Qingdao Port International Co's Days Payable falls into.

Qingdao Port International 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.

Qingdao Port International 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
=	( (301.98	+	149.756)	/	2 )	/	13670.969	*	365
=	225.868					/	13670.969	*	365
=	6.03

Qingdao Port International Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1841.552	+	149.756)	/	2 )	/	4113.101	*	365 / 4
=	995.654					/	4113.101	*	365 / 4
=	22.09

Qingdao Port International Co Days Payable Related Terms

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Qingdao Port International Co (HKSE:06198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (HKSE:06198) » Definitions » Days Payable

Traded in Other Exchanges

0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

Qingdao Port International Co (HKSE:06198) Headlines

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