ADS Maritime Holding (ADS Maritime Holding) Days Payable : 178.92 (As of Dec. 2023)

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What is ADS Maritime Holding Days Payable?

ADS Maritime Holding's average Accounts Payable for the three months ended in Dec. 2023 was $0.10 Mil. ADS Maritime Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.05 Mil. Hence, ADS Maritime Holding's Days Payable for the three months ended in Dec. 2023 was 178.92.

The historical rank and industry rank for ADS Maritime Holding's Days Payable or its related term are showing as below:

ADCUF' s Days Payable Range Over the Past 10 Years
Min: 16.09 Med: 58.02 Max: 122.1
Current: 68.2

During the past 6 years, ADS Maritime Holding's highest Days Payable was 122.10. The lowest was 16.09. And the median was 58.02.

ADCUF's Days Payable is ranked better than
73.29% of 936 companies
in the Transportation industry
Industry Median: 38.84 vs ADCUF: 68.20

ADS Maritime Holding's Days Payable increased from Dec. 2022 (92.81) to Dec. 2023 (178.92). It may suggest that ADS Maritime Holding delayed paying its suppliers.

ADS Maritime Holding Days Payable Historical Data

The historical data trend for ADS Maritime Holding'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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ADS Maritime Holding Days Payable Chart

ADS Maritime Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.13

15.55

123.82

82.24

ADS Maritime Holding 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															92.81	53.63	53.92	65.45	178.92

Competitive Comparison of ADS Maritime Holding's Days Payable

For the Marine Shipping subindustry, ADS Maritime Holding'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.

ADS Maritime Holding's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADS Maritime Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where ADS Maritime Holding's Days Payable falls into.

ADS Maritime Holding 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.

ADS Maritime Holding'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
=	( (0.179	+	0.104)	/	2 )	/	0.628	*	365
=	0.1415					/	0.628	*	365
=	82.24

ADS Maritime Holding'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
=	( (0.096	+	0.104)	/	2 )	/	0.051	*	365 / 4
=	0.1					/	0.051	*	365 / 4
=	178.92

ADS Maritime Holding Days Payable Related Terms

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ADS Maritime Holding (ADS Maritime Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADS Maritime Holding PLC (GREY:ADCUF) » Definitions » Days Payable

Traded in Other Exchanges

ADS:Norway

Address

22 Amathountos, OSM House, Agios Tychonas, Limassol, CYP, 4532

Website

https://www.adsmh.com

ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments.

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