Henan Xinning Modern Logisics Co (SZSE:300013) Days Payable : 89.88 (As of Mar. 2024)

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What is Henan Xinning Modern Logisics Co Days Payable?

Henan Xinning Modern Logisics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥94.6 Mil. Henan Xinning Modern Logisics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.0 Mil. Hence, Henan Xinning Modern Logisics Co's Days Payable for the three months ended in Mar. 2024 was 89.88.

The historical rank and industry rank for Henan Xinning Modern Logisics Co's Days Payable or its related term are showing as below:

SZSE:300013' s Days Payable Range Over the Past 10 Years
Min: 89.48 Med: 127.35 Max: 193.87
Current: 89.48

During the past 13 years, Henan Xinning Modern Logisics Co's highest Days Payable was 193.87. The lowest was 89.48. And the median was 127.35.

SZSE:300013's Days Payable is ranked better than
80.39% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs SZSE:300013: 89.48

Henan Xinning Modern Logisics Co's Days Payable declined from Mar. 2023 (105.48) to Mar. 2024 (89.88). It may suggest that Henan Xinning Modern Logisics Co accelerated paying its suppliers.

Henan Xinning Modern Logisics Co Days Payable Historical Data

The historical data trend for Henan Xinning Modern Logisics 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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Henan Xinning Modern Logisics Co Days Payable Chart

Henan Xinning Modern Logisics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

111.21

120.07

98.28

92.05

105.09

Henan Xinning Modern Logisics 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															105.48	89.54	87.04	92.55	89.88

Competitive Comparison of Henan Xinning Modern Logisics Co's Days Payable

For the Integrated Freight & Logistics subindustry, Henan Xinning Modern Logisics 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.

Henan Xinning Modern Logisics Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Henan Xinning Modern Logisics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Henan Xinning Modern Logisics Co's Days Payable falls into.

Henan Xinning Modern Logisics 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.

Henan Xinning Modern Logisics 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
=	( (109.658	+	101.198)	/	2 )	/	366.166	*	365
=	105.428					/	366.166	*	365
=	105.09

Henan Xinning Modern Logisics 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
=	( (101.198	+	88.012)	/	2 )	/	96.045	*	365 / 4
=	94.605					/	96.045	*	365 / 4
=	89.88

Henan Xinning Modern Logisics Co Days Payable Related Terms

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Henan Xinning Modern Logisics Co (SZSE:300013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Henan Xinning Modern Logisics Co Ltd (SZSE:300013) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 760, Sunshine West Road, Zhangpu Town, Jiangsu Province, Kunshan, CHN, 215326

Website

http://www.xinning.com.cn

Henan Xinning Modern Logisics Co Ltd is engaged in the provision of logistics services for international supply chains. It is engaged in supply chain integration solutions for industries such as home appliances and consumer goods.

Henan Xinning Modern Logisics Co (SZSE:300013) Headlines

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