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DryShips Inc (NAS:DRYS)
Days Payable
8.39 (As of Jun. 2016)

DryShips Inc's payable for the three months ended in Jun. 2016 was $1.27 Mil. DryShips Inc's cost of goods sold for the three months ended in Jun. 2016 was $13.80 Mil. Hence, DryShips Inc's days payable for the three months ended in Jun. 2016 was 8.39.

DRYS' s Days Payable Range Over the Past 10 Years
Min: 2.19   Max: 70.2
Current: 4.55

2.19
70.2

During the past 13 years, DryShips Inc's highest Days Payable was 70.20. The lowest was 2.19. And the median was 36.95.

DRYS's Days Payable is ranked lower than
94% of the 499 Companies
in the Global Shipping & Ports industry.

( Industry Median: 35.40 vs. DRYS: 4.55 )

DryShips Inc's days payable increased from Jun. 2015 (8.17) to Jun. 2016 (8.39). It may suggest that DryShips Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

DryShips Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.613/436.36*365
=2.19

DryShips Inc's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.269/13.802*365 / 4
=8.39

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

DryShips Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 65.0327.5728.5338.8723.4554.4970.2052.4935.022.19

DryShips Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 67.8961.6441.1933.0948.678.1719.469.6716.478.39
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