Navios Maritime Partners LP (Navios Maritime Partners LP) Days Payable

: 9.55 (As of Dec. 2023)

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Navios Maritime Partners LP's average Accounts Payable for the three months ended in Dec. 2023 was $21 Mil. Navios Maritime Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $198 Mil. Hence, Navios Maritime Partners LP's Days Payable for the three months ended in Dec. 2023 was 9.55.

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

NMM' s Days Payable Range Over the Past 10 Years
Min: 6.67 Med: 10.55 Max: 14.15
Current: 10.13

During the past 13 years, Navios Maritime Partners LP's highest Days Payable was 14.15. The lowest was 6.67. And the median was 10.55.

NMM's Days Payable is ranked worse than
93.25% of 934 companies
in the Transportation industry
Industry Median: 39.565 vs NMM: 10.13

Navios Maritime Partners LP's Days Payable declined from Dec. 2022 (12.38) to Dec. 2023 (9.55). It may suggest that Navios Maritime Partners LP accelerated paying its suppliers.

Navios Maritime Partners LP Days Payable Historical Data

The historical data trend for Navios Maritime Partners LP'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.

Navios Maritime Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

14.15

13.20

11.31

11.27

11.56

Navios Maritime Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																12.38	11.32	9.61	8.64	9.55

Competitive Comparison

For the Marine Shipping subindustry, Navios Maritime Partners LP'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.

Navios Maritime Partners LP Days Payable Distribution

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

* The bar in red indicates where Navios Maritime Partners LP's Days Payable falls into.

Navios Maritime Partners LP 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.

Navios Maritime Partners LP'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
=	( (25.356	+	24.015)	/	2 )	/	779.156	*	365
=	24.6855					/	779.156	*	365
=	11.56

Navios Maritime Partners LP'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
=	( (17.439	+	24.015)	/	2 )	/	198.025	*	365 / 4
=	20.727					/	198.025	*	365 / 4
=	9.55

Navios Maritime Partners LP Days Payable Related Terms

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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Partners LP (NYSE:NMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.