Gulf Navigation Holding PJSC (DFM:GULFNAV) Days Payable : 189.60 (As of Dec. 2023)

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What is Gulf Navigation Holding PJSC Days Payable?

Gulf Navigation Holding PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ26.1 Mil. Gulf Navigation Holding PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ12.6 Mil. Hence, Gulf Navigation Holding PJSC's Days Payable for the three months ended in Dec. 2023 was 189.60.

The historical rank and industry rank for Gulf Navigation Holding PJSC's Days Payable or its related term are showing as below:

DFM:GULFNAV' s Days Payable Range Over the Past 10 Years
Min: 31.65 Med: 65.95 Max: 101.3
Current: 101.3

During the past 13 years, Gulf Navigation Holding PJSC's highest Days Payable was 101.30. The lowest was 31.65. And the median was 65.95.

DFM:GULFNAV's Days Payable is ranked better than
83.21% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs DFM:GULFNAV: 101.30

Gulf Navigation Holding PJSC's Days Payable increased from Dec. 2022 (82.23) to Dec. 2023 (189.60). It may suggest that Gulf Navigation Holding PJSC delayed paying its suppliers.

Gulf Navigation Holding PJSC Days Payable Historical Data

The historical data trend for Gulf Navigation Holding PJSC'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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Gulf Navigation Holding PJSC Days Payable Chart

Gulf Navigation Holding PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.21

67.69

98.39

74.00

78.62

Gulf Navigation Holding PJSC 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															82.23	62.77	110.76	122.90	189.60

Competitive Comparison of Gulf Navigation Holding PJSC's Days Payable

For the Marine Shipping subindustry, Gulf Navigation Holding PJSC'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.

Gulf Navigation Holding PJSC's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gulf Navigation Holding PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Gulf Navigation Holding PJSC's Days Payable falls into.

Gulf Navigation Holding PJSC 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.

Gulf Navigation Holding PJSC'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
=	( (22.091	+	19.231)	/	2 )	/	95.921	*	365
=	20.661					/	95.921	*	365
=	78.62

Gulf Navigation Holding PJSC'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
=	( (33.005	+	19.231)	/	2 )	/	12.57	*	365 / 4
=	26.118					/	12.57	*	365 / 4
=	189.60

Gulf Navigation Holding PJSC Days Payable Related Terms

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Gulf Navigation Holding PJSC (DFM:GULFNAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gulf Navigation Holding PJSC (DFM:GULFNAV) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O. Box: 49651, 39th Floor, API Trio Tower, Dubai, ARE

Website

https://www.gulfnav.com

Gulf Navigation Holding PJSC is engaged in sea transport of oil and petroleum products and similar commodities, ship charter, and others. Its business segments include Vessel owning and chartering Ship management and technical management of vessels Marine products sales, and distribution that includes trading of goods such as supplies, chemicals, and gases required for ships, Shipping and technical service including providing agency services to ships calling at ports, and providing workshop services for boats, and Others that includes management of all divisions and administrative activities. The majority of the revenue is generated from the Vessel owning and chartering segment.

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