Rizhao Port Co (SHSE:600017) Days Payable : 49.13 (As of Mar. 2024)

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What is Rizhao Port Co Days Payable?

Rizhao Port Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥789 Mil. Rizhao Port Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,465 Mil. Hence, Rizhao Port Co's Days Payable for the three months ended in Mar. 2024 was 49.13.

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

SHSE:600017' s Days Payable Range Over the Past 10 Years
Min: 9.99 Med: 20.04 Max: 51.11
Current: 39.81

During the past 13 years, Rizhao Port Co's highest Days Payable was 51.11. The lowest was 9.99. And the median was 20.04.

SHSE:600017's Days Payable is ranked better than
51.07% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs SHSE:600017: 39.81

Rizhao Port Co's Days Payable increased from Mar. 2023 (44.07) to Mar. 2024 (49.13). It may suggest that Rizhao Port Co delayed paying its suppliers.

Rizhao Port Co Days Payable Historical Data

The historical data trend for Rizhao Port 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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Rizhao Port Co Days Payable Chart

Rizhao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.61

14.62

17.76

34.73

51.11

Rizhao Port 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															44.07	33.23	39.46	38.92	49.13

Competitive Comparison of Rizhao Port Co's Days Payable

For the Marine Shipping subindustry, Rizhao Port 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.

Rizhao Port Co's Days Payable Distribution in the Transportation Industry

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

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

Rizhao Port 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.

Rizhao Port 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
=	( (954.998	+	806.635)	/	2 )	/	6289.799	*	365
=	880.8165					/	6289.799	*	365
=	51.11

Rizhao Port 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
=	( (806.635	+	771.238)	/	2 )	/	1465.25	*	365 / 4
=	788.9365					/	1465.25	*	365 / 4
=	49.13

Rizhao Port Co Days Payable Related Terms

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Rizhao Port Co (SHSE:600017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rizhao Port Co Ltd (SHSE:600017) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Haibin 2nd Road, Rizhao, Shandong, CHN, 276826

Website

http://www.rzpcl.com

Rizhao Port Co Ltd provides cargo handling and storage services in China. It is involved in the handling and storage of ore, coal, cement, nickel ore, aluminum, vanadium, steel, coke, grain, wood chips, and other bulk cargoes, as well as crude oil, liquid chemicals, and containers.

Executives

Yu Kai	Supervisors
Zhang Xiao Xiang	Supervisors

Rizhao Port Co (SHSE:600017) Headlines

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