Steamships Trading Co (ASX:SST) Days Payable : 221.26 (As of Dec. 2023)

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What is Steamships Trading Co Days Payable?

Steamships Trading Co's average Accounts Payable for the six months ended in Dec. 2023 was A$40.6 Mil. Steamships Trading Co's Cost of Goods Sold for the six months ended in Dec. 2023 was A$33.5 Mil. Hence, Steamships Trading Co's Days Payable for the six months ended in Dec. 2023 was 221.26.

The historical rank and industry rank for Steamships Trading Co's Days Payable or its related term are showing as below:

ASX:SST' s Days Payable Range Over the Past 10 Years
Min: 58.7 Med: 99.54 Max: 224.5
Current: 224.5

During the past 13 years, Steamships Trading Co's highest Days Payable was 224.50. The lowest was 58.70. And the median was 99.54.

ASX:SST's Days Payable is ranked better than
95.06% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs ASX:SST: 224.50

Steamships Trading Co's Days Payable increased from Dec. 2022 (200.96) to Dec. 2023 (221.26). It may suggest that Steamships Trading Co delayed paying its suppliers.

Steamships Trading Co Days Payable Historical Data

The historical data trend for Steamships Trading Co'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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Steamships Trading Co Days Payable Chart

Steamships Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.11

88.85

58.70

101.58

124.05

Steamships Trading Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															157.90	279.85	200.96	369.41	221.26

Competitive Comparison of Steamships Trading Co's Days Payable

For the Integrated Freight & Logistics subindustry, Steamships Trading Co'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.

Steamships Trading Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Steamships Trading Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Steamships Trading Co's Days Payable falls into.

Steamships Trading Co 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.

Steamships Trading Co'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
=	( (15.489	+	20.132)	/	2 )	/	52.407	*	365
=	17.8105					/	52.407	*	365
=	124.05

Steamships Trading Co'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (61.082	+	20.132)	/	2 )	/	33.493	*	365 / 2
=	40.607					/	33.493	*	365 / 2
=	221.26

Steamships Trading Co Days Payable Related Terms

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Steamships Trading Co (ASX:SST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steamships Trading Co Ltd (ASX:SST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

345, Stanley Esplanade, Section 20, Allotments 3, 4 and 5, Level 2 Granville, PO Box 1, National Capital District, Port Moresby, PNG, NCD 121

Website

https://www.steamships.com.pg

Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes Property and hospitality, Logistics, and Commercial & investment. It generates maximum revenue from the Logistics segment, which consists of shipping and land-based freight transport and related services divisions. The Property and hospitality segment consists of the hotels owned and operated by the group and also its property leasing division and Commercial and investment - which consists of commercial, head office administration function and insurance activities The group primarily operates in Papua New Guinea.