Grand Harbour Marina (MAL:GHM) Days Payable : 171.35 (As of Jun. 2023)

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What is Grand Harbour Marina Days Payable?

Grand Harbour Marina's average Accounts Payable for the six months ended in Jun. 2023 was €0.42 Mil. Grand Harbour Marina's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.44 Mil. Hence, Grand Harbour Marina's Days Payable for the six months ended in Jun. 2023 was 171.35.

The historical rank and industry rank for Grand Harbour Marina's Days Payable or its related term are showing as below:

MAL:GHM' s Days Payable Range Over the Past 10 Years
Min: 55.19 Med: 286.76 Max: 641.01
Current: 167.07

During the past 13 years, Grand Harbour Marina's highest Days Payable was 641.01. The lowest was 55.19. And the median was 286.76.

MAL:GHM's Days Payable is ranked better than
78.67% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.455 vs MAL:GHM: 167.07

Grand Harbour Marina's Days Payable declined from Jun. 2022 (244.43) to Jun. 2023 (171.35). It may suggest that Grand Harbour Marina accelerated paying its suppliers.

Grand Harbour Marina Days Payable Historical Data

The historical data trend for Grand Harbour Marina'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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Grand Harbour Marina Days Payable Chart

Grand Harbour Marina Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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368.98

641.01

285.13

288.39

193.58

Grand Harbour Marina Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															269.25	282.81	244.43	164.60	171.35

Competitive Comparison of Grand Harbour Marina's Days Payable

For the Leisure subindustry, Grand Harbour Marina'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.

Grand Harbour Marina's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand Harbour Marina's Days Payable falls into.

Grand Harbour Marina 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.

Grand Harbour Marina's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.396	+	0.425)	/	2 )	/	0.774	*	365
=	0.4105					/	0.774	*	365
=	193.58

Grand Harbour Marina's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.425	+	0.405)	/	2 )	/	0.442	*	365 / 2
=	0.415					/	0.442	*	365 / 2
=	171.35

Grand Harbour Marina Days Payable Related Terms

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Grand Harbour Marina (MAL:GHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grand Harbour Marina PLC (MAL:GHM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vittoriosa Wharf, Vittoriosa, MLT, BRG 1721

Website

https://www.cnmarinas.com

Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are the acquisition, development, operation, and management of marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.