Pyxis Tankers (Pyxis Tankers) Days Payable : 34.72 (As of Dec. 2023)

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What is Pyxis Tankers Days Payable?

Pyxis Tankers's average Accounts Payable for the three months ended in Dec. 2023 was $2.27 Mil. Pyxis Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.98 Mil. Hence, Pyxis Tankers's Days Payable for the three months ended in Dec. 2023 was 34.72.

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

PXS' s Days Payable Range Over the Past 10 Years
Min: 5.6 Med: 35.13 Max: 76.3
Current: 37.13

During the past 11 years, Pyxis Tankers's highest Days Payable was 76.30. The lowest was 5.60. And the median was 35.13.

PXS's Days Payable is ranked worse than
69.78% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs PXS: 37.13

Pyxis Tankers's Days Payable increased from Dec. 2022 (30.42) to Dec. 2023 (34.72). It may suggest that Pyxis Tankers delayed paying its suppliers.

Pyxis Tankers Days Payable Historical Data

The historical data trend for Pyxis Tankers'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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Pyxis Tankers Days Payable Chart

Pyxis Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.04

76.30

45.56

28.88

33.42

Pyxis Tankers 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															30.42	33.74	47.94	39.05	34.72

Competitive Comparison of Pyxis Tankers's Days Payable

For the Oil & Gas Midstream subindustry, Pyxis Tankers'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.

Pyxis Tankers's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pyxis Tankers's Days Payable distribution charts can be found below:

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

Pyxis Tankers 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.

Pyxis Tankers'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
=	( (2.604	+	1.695)	/	2 )	/	23.478	*	365
=	2.1495					/	23.478	*	365
=	33.42

Pyxis Tankers'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
=	( (2.854	+	1.695)	/	2 )	/	5.977	*	365 / 4
=	2.2745					/	5.977	*	365 / 4
=	34.72

Pyxis Tankers Days Payable Related Terms

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Pyxis Tankers (Pyxis Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pyxis Tankers Inc (NAS:PXS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PXSAP.PFD:USA

Address

59 K. Karamanli Street, Maroussi, GRC, 15125

Website

http://www.pyxistankers.com

Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.