Scorpio Tankers (Scorpio Tankers) Days Payable : 15.28 (As of Dec. 2023)

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What is Scorpio Tankers Days Payable?

Scorpio Tankers's average Accounts Payable for the three months ended in Dec. 2023 was $23 Mil. Scorpio Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $137 Mil. Hence, Scorpio Tankers's Days Payable for the three months ended in Dec. 2023 was 15.28.

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

STNG' s Days Payable Range Over the Past 10 Years
Min: 17.69 Med: 24.02 Max: 30.44
Current: 21.06

During the past 13 years, Scorpio Tankers's highest Days Payable was 30.44. The lowest was 17.69. And the median was 24.02.

STNG's Days Payable is ranked worse than
85.43% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs STNG: 21.06

Scorpio Tankers's Days Payable declined from Dec. 2022 (17.50) to Dec. 2023 (15.28). It may suggest that Scorpio Tankers accelerated paying its suppliers.

Scorpio Tankers Days Payable Historical Data

The historical data trend for Scorpio Tankers'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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Scorpio Tankers Days Payable Chart

Scorpio Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.63

23.02

24.94

28.40

24.41

Scorpio Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															17.50	24.68	21.09	20.05	15.28

Competitive Comparison of Scorpio Tankers's Days Payable

For the Oil & Gas Midstream subindustry, Scorpio Tankers'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.

Scorpio Tankers's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Scorpio Tankers's Days Payable distribution charts can be found below:

* The bar in red indicates where Scorpio Tankers's Days Payable falls into.

Scorpio Tankers 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.

Scorpio Tankers'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
=	( (46.723	+	24.333)	/	2 )	/	531.328	*	365
=	35.528					/	531.328	*	365
=	24.41

Scorpio Tankers'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
=	( (21.492	+	24.333)	/	2 )	/	136.842	*	365 / 4
=	22.9125					/	136.842	*	365 / 4
=	15.28

Scorpio Tankers Days Payable Related Terms

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Scorpio Tankers (Scorpio Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (NYSE:STNG) » Definitions » Days Payable

Comparable Companies

PAGP CEQP HEP GLNG INSW ETRN NS VNOM HESM KNTK TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

S0QA:Germany

Address

Le Millenium 9, Boulevard Charles III, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.