Odyssey Marine Exploration (Odyssey Marine Exploration) Days Payable

: 72.20 (As of Jun. 2023)

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Odyssey Marine Exploration's average Accounts Payable for the three months ended in Jun. 2023 was $1.19 Mil. Odyssey Marine Exploration's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.50 Mil. Hence, Odyssey Marine Exploration's Days Payable for the three months ended in Jun. 2023 was 72.20.

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

OMEX' s Days Payable Range Over the Past 10 Years
Min: 37.03 Med: 86.58 Max: 255.72
Current: 105.52

During the past 13 years, Odyssey Marine Exploration's highest Days Payable was 255.72. The lowest was 37.03. And the median was 86.58.

OMEX's Days Payable is ranked better than
76.48% of 927 companies
in the Business Services industry
Industry Median: 47.71 vs OMEX: 105.52

Odyssey Marine Exploration's Days Payable declined from Jun. 2022 (312.25) to Jun. 2023 (72.20). It may suggest that Odyssey Marine Exploration accelerated paying its suppliers.

Odyssey Marine Exploration Days Payable Historical Data

The historical data trend for Odyssey Marine Exploration'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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Odyssey Marine Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

255.72

207.41

128.68

62.70

75.70

Odyssey Marine Exploration Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable																312.25	129.80	127.30	95.05	72.20

Competitive Comparison

For the Specialty Business Services subindustry, Odyssey Marine Exploration'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.

Odyssey Marine Exploration Days Payable Distribution

For the Business Services industry and Industrials sector, Odyssey Marine Exploration's Days Payable distribution charts can be found below:

* The bar in red indicates where Odyssey Marine Exploration's Days Payable falls into.

Odyssey Marine Exploration 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.

Odyssey Marine Exploration'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
=	( (1.817	+	2.286)	/	2 )	/	9.892	*	365
=	2.0515					/	9.892	*	365
=	75.70

Odyssey Marine Exploration'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: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.439	+	0.933)	/	2 )	/	1.499	*	365 / 4
=	1.186					/	1.499	*	365 / 4
=	72.20

Odyssey Marine Exploration Days Payable Related Terms

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Odyssey Marine Exploration (Odyssey Marine Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Odyssey Marine Exploration Inc (NAS:OMEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OYM1:Germany

Address

205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609

Website

https://www.odysseymarine.com

Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.

Executives

John Abbott	director	101 20TH ST, APT 2706, MIAMI FL 33139
Laura Lionetti Barton	officer: EVP, Secretary, Corp Comm	5215 WEST LAUREL STREET, TAMPA FL 33607
Mark B Justh	director	5215 WEST LAUREL STREET, TAMPA FL 33607
Christopher Emlyn Jones	officer: Chief Financial Officer	205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Fourworld Capital Management Llc	10 percent owner	7 WORLD TRADE CENTER, FL. 46, NEW YORK NY 10007
John Addis	10 percent owner	7 WORLD TRADE CENTER, FLOOR 46, NEW YORK NY 10007
Todd E Siegel	director	2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702
Longley John D Jr	officer: Chief Operating Officer	5215 WEST LAUREL STREET, TAMPA FL 33607
Jon D Sawyer	director	29491 CAMELBACK DRIVE, EVERGREEN CO 80439
James S Pignatelli	director	2300 E SLINGSHOT WAY, KAMAS UT 84036
Mark Gordon	director, officer: CEO and President	5215 WEST LAUREL STREET, TAMPA FL 33607
Jay Nudi	officer: CFO/Treasurer	5215 WEST LAUREL STREET, TAMPA FL 33607
David J Saul	director	18 DEVONSHIRE BAY ROAD, DEVONSHIRE D0 DV07
Philip S Devine	officer: Chief Financial Officer	5215 WEST LAUREL STREET, TAMPA FL 33607
Michael J Holmes	officer: Chief Financial Officer	5215 W LAUREL ST, TAMPA FL 33607