Western Bulk Chartering AS (OSL:WEST) Days Payable : 6.51 (As of Dec. 2023)

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What is Western Bulk Chartering AS Days Payable?

Western Bulk Chartering AS's average Accounts Payable for the six months ended in Dec. 2023 was kr209 Mil. Western Bulk Chartering AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr5,851 Mil. Hence, Western Bulk Chartering AS's Days Payable for the six months ended in Dec. 2023 was 6.51.

The historical rank and industry rank for Western Bulk Chartering AS's Days Payable or its related term are showing as below:

OSL:WEST' s Days Payable Range Over the Past 10 Years
Min: 2.07 Med: 4.49 Max: 6.46
Current: 5.71

During the past 6 years, Western Bulk Chartering AS's highest Days Payable was 6.46. The lowest was 2.07. And the median was 4.49.

OSL:WEST's Days Payable is ranked worse than
96.69% of 936 companies
in the Transportation industry
Industry Median: 38.84 vs OSL:WEST: 5.71

Western Bulk Chartering AS's Days Payable declined from Dec. 2022 (6.77) to Dec. 2023 (6.51). It may suggest that Western Bulk Chartering AS accelerated paying its suppliers.

Western Bulk Chartering AS Days Payable Historical Data

The historical data trend for Western Bulk Chartering AS'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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Western Bulk Chartering AS Days Payable Chart

Western Bulk Chartering AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.79

4.53

2.07

2.60

4.45

Western Bulk Chartering AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					2.98	5.23	6.77	6.23	6.51

Competitive Comparison of Western Bulk Chartering AS's Days Payable

For the Marine Shipping subindustry, Western Bulk Chartering AS'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.

Western Bulk Chartering AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Western Bulk Chartering AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Western Bulk Chartering AS's Days Payable falls into.

Western Bulk Chartering AS 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.

Western Bulk Chartering AS'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
=	( (143.587	+	144.421)	/	2 )	/	11807.447	*	365
=	144.004					/	11807.447	*	365
=	4.45

Western Bulk Chartering AS'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (272.911	+	144.421)	/	2 )	/	5851.393	*	365 / 2
=	208.666					/	5851.393	*	365 / 2
=	6.51

Western Bulk Chartering AS Days Payable Related Terms

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Western Bulk Chartering AS (OSL:WEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Western Bulk Chartering AS (OSL:WEST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WSSTF:USA 7EJ:Germany

Address

Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230

Website

https://www.westernbulk.com

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodity includes coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.