Shengfeng Development (Shengfeng Development) Days Payable : 47.99 (As of Dec. 2023)

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What is Shengfeng Development Days Payable?

Shengfeng Development's average Accounts Payable for the six months ended in Dec. 2023 was $51.4 Mil. Shengfeng Development's Cost of Goods Sold for the six months ended in Dec. 2023 was $195.4 Mil. Hence, Shengfeng Development's Days Payable for the six months ended in Dec. 2023 was 47.99.

The historical rank and industry rank for Shengfeng Development's Days Payable or its related term are showing as below:

SFWL' s Days Payable Range Over the Past 10 Years
Min: 54.37 Med: 62.45 Max: 74.99
Current: 54.37

During the past 4 years, Shengfeng Development's highest Days Payable was 74.99. The lowest was 54.37. And the median was 62.45.

SFWL's Days Payable is ranked better than
64.84% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs SFWL: 54.37

Shengfeng Development's Days Payable declined from Dec. 2022 (50.15) to Dec. 2023 (47.99). It may suggest that Shengfeng Development accelerated paying its suppliers.

Shengfeng Development Days Payable Historical Data

The historical data trend for Shengfeng Development'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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Shengfeng Development Days Payable Chart

Shengfeng Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

74.99

63.21

61.69

60.03

Shengfeng Development Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			61.74	59.22	50.15	55.83	47.99

Competitive Comparison of Shengfeng Development's Days Payable

For the Integrated Freight & Logistics subindustry, Shengfeng Development'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.

Shengfeng Development's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Shengfeng Development's Days Payable falls into.

Shengfeng Development 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.

Shengfeng Development'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
=	( (57.048	+	60.584)	/	2 )	/	357.615	*	365
=	58.816					/	357.615	*	365
=	60.03

Shengfeng Development'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (42.191	+	60.584)	/	2 )	/	195.42	*	365 / 2
=	51.3875					/	195.42	*	365 / 2
=	47.99

Shengfeng Development Days Payable Related Terms

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Shengfeng Development (Shengfeng Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shengfeng Development Ltd (NAS:SFWL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 478 Fuxin East Road, Shengfeng Building, Jinan District,, Fuzhou City, CHN, 350001

Website

http://www.sfwl.com.cn

Shengfeng Development Ltd is a holding company. The firm through its subsidiaries engages in cargo warehousing, road transportation, and urban distribution. It offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. Its integrated logistics solution services are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.

Shengfeng Development (Shengfeng Development) Headlines

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