Performance Shipping (Performance Shipping) Days Payable

: 39.66 (As of Dec. 2023)

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Performance Shipping's average Accounts Payable for the three months ended in Dec. 2023 was $4.6 Mil. Performance Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $10.7 Mil. Hence, Performance Shipping's Days Payable for the three months ended in Dec. 2023 was 39.66.

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

PSHG' s Days Payable Range Over the Past 10 Years
Min: 15.96 Med: 25.82 Max: 14338.58
Current: 34.4

During the past 13 years, Performance Shipping's highest Days Payable was 14338.58. The lowest was 15.96. And the median was 25.82.

PSHG's Days Payable is ranked worse than
56.22% of 932 companies
in the Transportation industry
Industry Median: 39.6 vs PSHG: 34.40

Performance Shipping's Days Payable increased from Dec. 2022 (27.32) to Dec. 2023 (39.66). It may suggest that Performance Shipping delayed paying its suppliers.

Performance Shipping Days Payable Historical Data

The historical data trend for Performance Shipping'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.

* Premium members only.

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

105.11

17.32

33.78

49.61

40.98

Performance Shipping 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															27.32	40.30	21.90	21.66	39.66

Competitive Comparison

For the Marine Shipping subindustry, Performance Shipping'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.

Performance Shipping Days Payable Distribution

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

* The bar in red indicates where Performance Shipping's Days Payable falls into.

Performance Shipping 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.

Performance Shipping'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
=	( (4.58	+	4.63)	/	2 )	/	41.017	*	365
=	4.605					/	41.017	*	365
=	40.98

Performance Shipping'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	+	4.63)	/	1 )	/	10.652	*	365 / 4
=	4.63					/	10.652	*	365 / 4
=	39.66

Performance Shipping Days Payable Related Terms

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Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447