StealthGas (StealthGas) Days Payable : 39.91 (As of Dec. 2023)

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What is StealthGas Days Payable?

StealthGas's average Accounts Payable for the three months ended in Dec. 2023 was $9.5 Mil. StealthGas's Cost of Goods Sold for the three months ended in Dec. 2023 was $21.8 Mil. Hence, StealthGas's Days Payable for the three months ended in Dec. 2023 was 39.91.

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

GASS' s Days Payable Range Over the Past 10 Years
Min: 25.73 Med: 28.9 Max: 44.31
Current: 44.31

During the past 13 years, StealthGas's highest Days Payable was 44.31. The lowest was 25.73. And the median was 28.90.

GASS's Days Payable is ranked better than
56.5% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs GASS: 44.31

StealthGas's Days Payable increased from Dec. 2022 (38.03) to Dec. 2023 (39.91). It may suggest that StealthGas delayed paying its suppliers.

StealthGas Days Payable Historical Data

The historical data trend for StealthGas'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.

StealthGas Days Payable Chart

StealthGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.69

31.89

26.86

34.56

StealthGas 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															38.03	44.68	47.43	46.39	39.91

Competitive Comparison of StealthGas's Days Payable

For the Marine Shipping subindustry, StealthGas'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.

StealthGas's Days Payable Distribution in the Transportation Industry

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

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

StealthGas 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.

StealthGas'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
=	( (8.592	+	11.838)	/	2 )	/	107.892	*	365
=	10.215					/	107.892	*	365
=	34.56

StealthGas'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
=	( (9.113	+	9.953)	/	2 )	/	21.797	*	365 / 4
=	9.533					/	21.797	*	365 / 4
=	39.91

StealthGas Days Payable Related Terms

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StealthGas (StealthGas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » StealthGas Inc (NAS:GASS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

S6W:Germany S6W:Germany

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.stealthgas.com

StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders worldwide. The company carriers carry various petroleum gas products in liquefied forms, such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

Executives

Glendon Opportunities Fund, L.p.	10 percent owner	MAPLES CORPORATE SERVICES LTD., UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Glendon Capital Management Lp	10 percent owner	2425 OLYMPIC BLVD, SUITE 500E, SANTA MONICA CA 90404