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Eimskipafelag Islands ehf (OISE:EIM) Days Payable : 88.02 (As of Mar. 2024)


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What is Eimskipafelag Islands ehf Days Payable?

Eimskipafelag Islands ehf's average Accounts Payable for the three months ended in Mar. 2024 was kr7,631 Mil. Eimskipafelag Islands ehf's Cost of Goods Sold for the three months ended in Mar. 2024 was kr7,911 Mil. Hence, Eimskipafelag Islands ehf's Days Payable for the three months ended in Mar. 2024 was 88.02.

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

OISE:EIM' s Days Payable Range Over the Past 10 Years
Min: 89.53   Med: 108.18   Max: 119.87
Current: 106.66

During the past 13 years, Eimskipafelag Islands ehf's highest Days Payable was 119.87. The lowest was 89.53. And the median was 108.18.

OISE:EIM's Days Payable is ranked better than
84.28% of 935 companies
in the Transportation industry
Industry Median: 38.81 vs OISE:EIM: 106.66

Eimskipafelag Islands ehf's Days Payable declined from Mar. 2023 (108.25) to Mar. 2024 (88.02). It may suggest that Eimskipafelag Islands ehf accelerated paying its suppliers.

Eimskipafelag Islands ehf Days Payable Historical Data

The historical data trend for Eimskipafelag Islands ehf'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.

Eimskipafelag Islands ehf Days Payable Chart

Eimskipafelag Islands ehf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.87 109.00 107.35 112.90 97.32

Eimskipafelag Islands ehf 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.25 128.12 130.56 90.62 88.02

Competitive Comparison of Eimskipafelag Islands ehf's Days Payable

For the Integrated Freight & Logistics subindustry, Eimskipafelag Islands ehf'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.

Eimskipafelag Islands ehf's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Eimskipafelag Islands ehf's Days Payable falls into.


Eimskipafelag Islands ehf 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.

Eimskipafelag Islands ehf'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
=( (9214.622 + 7367.994) / 2 ) / 31096.033*365
=8291.308 / 31096.033*365
=97.32

Eimskipafelag Islands ehf'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
=( (7367.994 + 7894.13) / 2 ) / 7911.271*365 / 4
=7631.062 / 7911.271*365 / 4
=88.02

* 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.

Eimskipafelag Islands ehf Days Payable Related Terms

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Eimskipafelag Islands ehf (OISE:EIM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eimskipafelag Islands ehf (OISE:EIM) » Definitions » Days Payable
Comparable Companies
OTSE:TSM1T OTSE:MAGIC OTSE:TVE1T OTSE:PKG1T OTSE:TKM1T OTSE:EEG1T OTSE:HPR1T OTSE:CPA1T OTSE:MRK1T OTSE:SFG1T UPS FDX XTER:DHL OCSE:DSV XSWX:KNIN SZSE:002352 JBHT EXPD ZTO HKSE:01519
Traded in Other Exchanges
N/A
Address
Sundabakki 2, Reykjavík, ISL, 104
Website
https://www.eimskip.com
Eimskipafelag Islands ehf Formerly Eimpskipafelag Islands provides shipping, logistics, supply chain services. The company's operations are divided into two market segments namely Liner services and Forwarding services. The liner services segment includes operations such as port operations, cold storage facilities, warehousing, trucking and distribution, air freight and agency services in Iceland and Norway. The forwarding services segment includes reefer forwarding, a system based on a network of own offices, association with deep-sea lines and associates. The company earns the majority of its revenues from Iceland, the Faroe Islands, and Asia.