DHT Holdings (DHT Holdings) Days Payable : 8.84 (As of Dec. 2023)

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What is DHT Holdings Days Payable?

DHT Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $9.2 Mil. DHT Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $95.0 Mil. Hence, DHT Holdings's Days Payable for the three months ended in Dec. 2023 was 8.84.

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

DHT' s Days Payable Range Over the Past 10 Years
Min: 4.61 Med: 8.75 Max: 12.4
Current: 12.4

During the past 13 years, DHT Holdings's highest Days Payable was 12.40. The lowest was 4.61. And the median was 8.75.

DHT's Days Payable is ranked worse than
91.88% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs DHT: 12.40

DHT Holdings's Days Payable declined from Dec. 2022 (13.66) to Dec. 2023 (8.84). It may suggest that DHT Holdings accelerated paying its suppliers.

DHT Holdings Days Payable Historical Data

The historical data trend for DHT Holdings'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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DHT Holdings Days Payable Chart

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.99

5.64

8.50

12.26

12.40

DHT Holdings 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															13.66	16.28	-	-	8.84

Competitive Comparison of DHT Holdings's Days Payable

For the Oil & Gas Midstream subindustry, DHT Holdings'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.

DHT Holdings's Days Payable Distribution in the Oil & Gas Industry

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

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

DHT Holdings 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.

DHT Holdings'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
=	( (14.58	+	9.203)	/	2 )	/	349.998	*	365
=	11.8915					/	349.998	*	365
=	12.40

DHT Holdings'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
=	( (0	+	9.203)	/	1 )	/	94.964	*	365 / 4
=	9.203					/	94.964	*	365 / 4
=	8.84

DHT Holdings Days Payable Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Days Payable

Comparable Companies

TNK LPG GLP GEL KNTK GLNG NVGS INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.