C3is (CISS) Days Payable : 11.79 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is C3is Days Payable?

C3is's average Accounts Payable for the three months ended in Mar. 2024 was $0.78 Mil. C3is's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.03 Mil. Hence, C3is's Days Payable for the three months ended in Mar. 2024 was 11.79.

The historical rank and industry rank for C3is's Days Payable or its related term are showing as below:

CISS' s Days Payable Range Over the Past 10 Years
Min: 14.62 Med: 18.62 Max: 32.25
Current: 32.25

During the past 3 years, C3is's highest Days Payable was 32.25. The lowest was 14.62. And the median was 18.62.

CISS's Days Payable is ranked worse than
59.27% of 933 companies
in the Transportation industry
Industry Median: 38.5 vs CISS: 32.25

C3is's Days Payable increased from Dec. 2022 (0.00) to Mar. 2024 (11.79). It may suggest that C3is delayed paying its suppliers.

C3is Days Payable Historical Data

The historical data trend for C3is'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.

* Premium members only.

C3is Days Payable Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

22.61

14.62

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				-	27.87	31.37	-	11.79

Competitive Comparison of C3is's Days Payable

For the Marine Shipping subindustry, C3is'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.

C3is's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C3is's Days Payable distribution charts can be found below:

* The bar in red indicates where C3is's Days Payable falls into.

C3is 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.

C3is'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
=	( (0.792	+	0.547)	/	2 )	/	16.715	*	365
=	0.6695					/	16.715	*	365
=	14.62

C3is'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
=	( (0.547	+	1.01)	/	2 )	/	6.026	*	365 / 4
=	0.7785					/	6.026	*	365 / 4
=	11.79

C3is Days Payable Related Terms

Thank you for viewing the detailed overview of C3is's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

C3is (CISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.