China Merchants Energy Shipping Co (SHSE:601872) Days Payable : 57.71 (As of Mar. 2024)

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What is China Merchants Energy Shipping Co Days Payable?

China Merchants Energy Shipping Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,823 Mil. China Merchants Energy Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,464 Mil. Hence, China Merchants Energy Shipping Co's Days Payable for the three months ended in Mar. 2024 was 57.71.

The historical rank and industry rank for China Merchants Energy Shipping Co's Days Payable or its related term are showing as below:

SHSE:601872' s Days Payable Range Over the Past 10 Years
Min: 31.74 Med: 42.45 Max: 51.23
Current: 50.44

During the past 13 years, China Merchants Energy Shipping Co's highest Days Payable was 51.23. The lowest was 31.74. And the median was 42.45.

SHSE:601872's Days Payable is ranked worse than
57% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs SHSE:601872: 50.44

China Merchants Energy Shipping Co's Days Payable increased from Mar. 2023 (50.90) to Mar. 2024 (57.71). It may suggest that China Merchants Energy Shipping Co delayed paying its suppliers.

China Merchants Energy Shipping Co Days Payable Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co Days Payable Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.41

51.23

47.71

38.95

48.94

China Merchants Energy Shipping 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															50.90	45.32	51.18	48.63	57.71

Competitive Comparison of China Merchants Energy Shipping Co's Days Payable

For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Merchants Energy Shipping Co's Days Payable falls into.

China Merchants Energy Shipping 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.

China Merchants Energy Shipping 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
=	( (2354.049	+	2788.86)	/	2 )	/	19176.684	*	365
=	2571.4545					/	19176.684	*	365
=	48.94

China Merchants Energy Shipping 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
=	( (2788.86	+	2857.992)	/	2 )	/	4464.206	*	365 / 4
=	2823.426					/	4464.206	*	365 / 4
=	57.71

China Merchants Energy Shipping Co Days Payable Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

Executives

Hu Bin	senior management
Deng Wei Dong	Director
Wang Yong Xin	Directors, senior managers
Xu Hui	senior management
Kong Kang	senior management
Yan Wu Shan	senior management
Su Xin Gang	Director
Ding Lei	senior management
Xie Chun Lin	Director
Song De Xing	Director
Lv Sheng Zhou	Director

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