Capital Product Partners LP (Capital Product Partners LP) Days Payable : 28.38 (As of Dec. 2023)

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What is Capital Product Partners LP Days Payable?

Capital Product Partners LP's average Accounts Payable for the three months ended in Dec. 2023 was $14.2 Mil. Capital Product Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $45.8 Mil. Hence, Capital Product Partners LP's Days Payable for the three months ended in Dec. 2023 was 28.38.

The historical rank and industry rank for Capital Product Partners LP's Days Payable or its related term are showing as below:

CPLP' s Days Payable Range Over the Past 10 Years
Min: 17.97 Med: 27.65 Max: 78.1
Current: 22.97

During the past 13 years, Capital Product Partners LP's highest Days Payable was 78.10. The lowest was 17.97. And the median was 27.65.

CPLP's Days Payable is ranked worse than
76.53% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs CPLP: 22.97

Capital Product Partners LP's Days Payable increased from Dec. 2022 (20.27) to Dec. 2023 (28.38). It may suggest that Capital Product Partners LP delayed paying its suppliers.

Capital Product Partners LP Days Payable Historical Data

The historical data trend for Capital Product Partners LP'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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Capital Product Partners LP Days Payable Chart

Capital Product Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.10

45.46

32.84

21.65

22.45

Capital Product Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															20.27	19.90	20.18	23.82	28.38

Competitive Comparison of Capital Product Partners LP's Days Payable

For the Marine Shipping subindustry, Capital Product Partners LP'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.

Capital Product Partners LP's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Capital Product Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Capital Product Partners LP's Days Payable falls into.

Capital Product Partners LP 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.

Capital Product Partners LP'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
=	( (8.322	+	14.416)	/	2 )	/	184.808	*	365
=	11.369					/	184.808	*	365
=	22.45

Capital Product Partners LP'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
=	( (14.06	+	14.416)	/	2 )	/	45.774	*	365 / 4
=	14.238					/	45.774	*	365 / 4
=	28.38

Capital Product Partners LP Days Payable Related Terms

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Capital Product Partners LP (Capital Product Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Capital Product Partners LP (NAS:CPLP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Iassonos Street, Piraeus, GRC, 18537

Website

http://www.capitalpplp.com

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products (such as gasoline, diesel, fuel oil and jet fuel), edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.