Globus Maritime (Globus Maritime) Days Payable : 13.66 (As of Dec. 2023)

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What is Globus Maritime Days Payable?

Globus Maritime's average Accounts Payable for the three months ended in Dec. 2023 was $1.10 Mil. Globus Maritime's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.33 Mil. Hence, Globus Maritime's Days Payable for the three months ended in Dec. 2023 was 13.66.

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

GLBS' s Days Payable Range Over the Past 10 Years
Min: 23.09 Med: 76.84 Max: 110.7
Current: 26.39

During the past 13 years, Globus Maritime's highest Days Payable was 110.70. The lowest was 23.09. And the median was 76.84.

GLBS's Days Payable is ranked worse than
70.89% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs GLBS: 26.39

Globus Maritime's Days Payable declined from Dec. 2022 (22.96) to Dec. 2023 (13.66). It may suggest that Globus Maritime accelerated paying its suppliers.

Globus Maritime Days Payable Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Days Payable Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

110.70

109.53

46.38

24.18

23.09

Globus Maritime 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															22.96	37.77	35.40	33.94	13.66

Competitive Comparison of Globus Maritime's Days Payable

For the Marine Shipping subindustry, Globus Maritime'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.

Globus Maritime's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globus Maritime's Days Payable distribution charts can be found below:

* The bar in red indicates where Globus Maritime's Days Payable falls into.

Globus Maritime 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.

Globus Maritime'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
=	( (3.548	+	0.362)	/	2 )	/	30.907	*	365
=	1.955					/	30.907	*	365
=	23.09

Globus Maritime'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
=	( (1.832	+	0.362)	/	2 )	/	7.33	*	365 / 4
=	1.097					/	7.33	*	365 / 4
=	13.66

Globus Maritime Days Payable Related Terms

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.