Odfjell SE (OSL:ODF) Days Payable : 16.17 (As of Mar. 2024)

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What is Odfjell SE Days Payable?

Odfjell SE's average Accounts Payable for the three months ended in Mar. 2024 was kr306 Mil. Odfjell SE's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,727 Mil. Hence, Odfjell SE's Days Payable for the three months ended in Mar. 2024 was 16.17.

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

OSL:ODF' s Days Payable Range Over the Past 10 Years
Min: 6.46 Med: 13.95 Max: 17.81
Current: 16.61

During the past 13 years, Odfjell SE's highest Days Payable was 17.81. The lowest was 6.46. And the median was 13.95.

OSL:ODF's Days Payable is ranked worse than
85.81% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs OSL:ODF: 16.61

Odfjell SE's Days Payable declined from Mar. 2023 (16.87) to Mar. 2024 (16.17). It may suggest that Odfjell SE accelerated paying its suppliers.

Odfjell SE Days Payable Historical Data

The historical data trend for Odfjell SE'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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Odfjell SE Days Payable Chart

Odfjell SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.11

17.81

17.12

15.52

16.47

Odfjell SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															16.87	-	-	15.54	16.17

Competitive Comparison of Odfjell SE's Days Payable

For the Marine Shipping subindustry, Odfjell SE'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.

Odfjell SE's Days Payable Distribution in the Transportation Industry

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

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

Odfjell SE 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.

Odfjell SE'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
=	( (343.007	+	305.88)	/	2 )	/	7190.492	*	365
=	324.4435					/	7190.492	*	365
=	16.47

Odfjell SE'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
=	( (305.88	+	0)	/	1 )	/	1726.589	*	365 / 4
=	305.88					/	1726.589	*	365 / 4
=	16.17

Odfjell SE Days Payable Related Terms

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Odfjell SE (OSL:ODF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a majority of its revenue from the Middle East and Asia.

Odfjell SE (OSL:ODF) Headlines

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