Costamare (NYSE:CMRE) Days Payable

: 13.25 (As of Mar. 2023)

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Costamare's average Accounts Payable for the three months ended in Mar. 2023 was $22 Mil. Costamare's Cost of Goods Sold for the three months ended in Mar. 2023 was $148 Mil. Hence, Costamare's Days Payable for the three months ended in Mar. 2023 was 13.25.

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

CMRE' s Days Payable Range Over the Past 10 Years
Min: 6.35 Med: 9.9 Max: 13.72
Current: 11.3

During the past 13 years, Costamare's highest Days Payable was 13.72. The lowest was 6.35. And the median was 9.90.

CMRE's Days Payable is ranked worse than
91.69% of 903 companies
in the Transportation industry
Industry Median: 38.36 vs CMRE: 11.30

Costamare's Days Payable increased from Mar. 2022 (10.30) to Mar. 2023 (13.25). It may suggest that Costamare delayed paying its suppliers.

Costamare Days Payable Historical Data

The historical data trend for Costamare'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.

* Premium members only.

Costamare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

11.76

10.84

10.12

13.72

13.16

Costamare Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable																10.30	9.85	11.26	10.49	13.25

Competitive Comparison

For the Marine Shipping subindustry, Costamare'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.

Annual Data Quarterly Data

Costamare Days Payable Distribution

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

* The bar in red indicates where Costamare's Days Payable falls in comparison to its industry or sector. The grey bar indicates the Days Payable's extreme value range as defined by GuruFocus.

Costamare 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.

Costamare's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (18.865	+	18.155)	/	2 )	/	513.202	*	365
=	18.51					/	513.202	*	365
=	13.16

Costamare's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (18.155	+	24.939)	/	2 )	/	148.361	*	365 / 4
=	21.547					/	148.361	*	365 / 4
=	13.25

Costamare Days Payable Related Terms

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

Costamare (NYSE:CMRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CMREpE.PFD:USA CMREpD.PFD:USA CMREpC.PFD:USA CMREpB.PFD:USA LCM:Germany

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.