Gram Car Carriers ASA (Gram Car Carriers ASA) Days Payable : 35.68 (As of Mar. 2024)

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What is Gram Car Carriers ASA Days Payable?

Gram Car Carriers ASA's average Accounts Payable for the three months ended in Mar. 2024 was $7.5 Mil. Gram Car Carriers ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $19.1 Mil. Hence, Gram Car Carriers ASA's Days Payable for the three months ended in Mar. 2024 was 35.68.

The historical rank and industry rank for Gram Car Carriers ASA's Days Payable or its related term are showing as below:

GCCRF' s Days Payable Range Over the Past 10 Years
Min: 6.08 Med: 27.13 Max: 59.8
Current: 37.78

During the past 3 years, Gram Car Carriers ASA's highest Days Payable was 59.80. The lowest was 6.08. And the median was 27.13.

GCCRF's Days Payable is ranked worse than
51.35% of 929 companies
in the Transportation industry
Industry Median: 38.5 vs GCCRF: 37.78

Gram Car Carriers ASA's Days Payable increased from Mar. 2023 (29.75) to Mar. 2024 (35.68). It may suggest that Gram Car Carriers ASA delayed paying its suppliers.

Gram Car Carriers ASA Days Payable Historical Data

The historical data trend for Gram Car Carriers ASA'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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Gram Car Carriers ASA Days Payable Chart

Gram Car Carriers ASA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

59.80

29.49

6.27

Gram Car Carriers ASA Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								29.75	45.38	44.70	18.84	35.68

Competitive Comparison of Gram Car Carriers ASA's Days Payable

For the Marine Shipping subindustry, Gram Car Carriers ASA'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.

Gram Car Carriers ASA's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gram Car Carriers ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Gram Car Carriers ASA's Days Payable falls into.

Gram Car Carriers ASA 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.

Gram Car Carriers ASA'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
=	( (1.448	+	1.553)	/	2 )	/	87.325	*	365
=	1.5005					/	87.325	*	365
=	6.27

Gram Car Carriers ASA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.553	+	13.37)	/	2 )	/	19.081	*	365 / 4
=	7.4615					/	19.081	*	365 / 4
=	35.68

Gram Car Carriers ASA Days Payable Related Terms

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Gram Car Carriers ASA (Gram Car Carriers ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gram Car Carriers ASA (OTCPK:GCCRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GCCo:Sweden GCC:Norway G39:Germany

Address

Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250

Website

https://www.gramcar.com

Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

Gram Car Carriers ASA (Gram Car Carriers ASA) Headlines

From GuruFocus

Gram Car Carriers to present at the Small Cap Growth Virtual Investor Conference on 12 October

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