Siem Industries (Siem Industries) Days Payable : 84.74 (As of Jun. 2019)

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What is Siem Industries Days Payable?

Siem Industries's average Accounts Payable for the six months ended in Jun. 2019 was $116.8 Mil. Siem Industries's Cost of Goods Sold for the six months ended in Jun. 2019 was $251.6 Mil. Hence, Siem Industries's Days Payable for the six months ended in Jun. 2019 was 84.74.

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

SEMUF's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 39.02
* Ranked among companies with meaningful Days Payable only.

Siem Industries's Days Payable increased from Jun. 2018 (83.62) to Jun. 2019 (84.74). It may suggest that Siem Industries delayed paying its suppliers.

Siem Industries Days Payable Historical Data

The historical data trend for Siem Industries'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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Siem Industries Days Payable Chart

Siem Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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66.14

43.07

39.62

90.26

76.50

Siem Industries Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Days Payable	Get a 7-Day Free Trial											148.81	153.89	83.62	239.17	84.74

Competitive Comparison of Siem Industries's Days Payable

For the Marine Shipping subindustry, Siem Industries'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.

Siem Industries's Days Payable Distribution in the Transportation Industry

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

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

Siem Industries 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.

Siem Industries's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (147.209	+	68.144)	/	2 )	/	513.74	*	365
=	107.6765					/	513.74	*	365
=	76.50

Siem Industries's Days Payable for the quarter that ended in Jun. 2019 is calculated as:

	Days Payable (Q: Jun. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2018 )	+	Accounts Payable (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (68.144	+	165.494)	/	2 )	/	251.586	*	365 / 2
=	116.819					/	251.586	*	365 / 2
=	84.74

Siem Industries Days Payable Related Terms

Thank you for viewing the detailed overview of Siem Industries's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Siem Industries (Siem Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104

Website

https://www.siemindustries.com

Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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