Hafnia (Hafnia) Days Payable : 48.38 (As of Dec. 2023)

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What is Hafnia Days Payable?

Hafnia's average Accounts Payable for the three months ended in Dec. 2023 was $259 Mil. Hafnia's Cost of Goods Sold for the three months ended in Dec. 2023 was $489 Mil. Hence, Hafnia's Days Payable for the three months ended in Dec. 2023 was 48.38.

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

HAFN' s Days Payable Range Over the Past 10 Years
Min: 13.35 Med: 35.17 Max: 59.8
Current: 59.8

During the past 9 years, Hafnia's highest Days Payable was 59.80. The lowest was 13.35. And the median was 35.17.

HAFN's Days Payable is ranked better than
67.28% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs HAFN: 59.80

Hafnia's Days Payable increased from Dec. 2022 (16.19) to Dec. 2023 (48.38). It may suggest that Hafnia delayed paying its suppliers.

Hafnia Days Payable Historical Data

The historical data trend for Hafnia'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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Hafnia Days Payable Chart

Hafnia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.87

13.12

27.95

22.93

35.53

Hafnia 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															16.19	34.07	95.12	112.57	48.38

Competitive Comparison of Hafnia's Days Payable

For the Marine Shipping subindustry, Hafnia'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.

Hafnia's Days Payable Distribution in the Transportation Industry

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

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

Hafnia 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.

Hafnia'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
=	( (41.508	+	219.962)	/	2 )	/	1343.081	*	365
=	130.735					/	1343.081	*	365
=	35.53

Hafnia'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
=	( (298.866	+	219.962)	/	2 )	/	489.287	*	365 / 4
=	259.414					/	489.287	*	365 / 4
=	48.38

Hafnia Days Payable Related Terms

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Hafnia (Hafnia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hafnia Ltd (NYSE:HAFN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HAFNIAo:Sweden HAFNI:Norway HAFNIo:UK 1OQ:Germany

Address

22 Church Street, 4th Floor, Suite 400, Washington Mall Phase 2, Hamilton, BMU, HM 1189

Website

https://www.hafniabw.com

Hafnia Ltd is a shipping company. It provides transportation of oil and oil products and also owns and operates oil product tankers. It offers fleet and bunkers services. The group operates through four segments namely LR2 Product Tankers, LR1 Product Tankers, MR and Chemical-MR segment, and Handy and Chemical-Handy segment. It generates maximum revenue from the LR1 Product Tankers segment.