Costamare (FRA:LCM) Days Payable

: 11.88 (As of Dec. 2023)

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Costamare's average Accounts Payable for the three months ended in Dec. 2023 was €44 Mil. Costamare's Cost of Goods Sold for the three months ended in Dec. 2023 was €340 Mil. Hence, Costamare's Days Payable for the three months ended in Dec. 2023 was 11.88.

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

FRA:LCM' s Days Payable Range Over the Past 10 Years
Min: 6.35 Med: 10.48 Max: 13.72
Current: 11.95

During the past 13 years, Costamare's highest Days Payable was 13.72. The lowest was 6.35. And the median was 10.48.

FRA:LCM's Days Payable is ranked worse than
90.59% of 935 companies
in the Transportation industry
Industry Median: 39.62 vs FRA:LCM: 11.95

Costamare's Days Payable increased from Dec. 2022 (10.79) to Dec. 2023 (11.88). 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

10.70

10.56

13.44

12.75

11.11

Costamare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																10.79	13.31	10.63	13.61	11.88

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.

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 into.

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. 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
=	( (17.138	+	42.887)	/	2 )	/	985.761	*	365
=	30.0125					/	985.761	*	365
=	11.11

Costamare'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
=	( (45.688	+	42.887)	/	2 )	/	340.257	*	365 / 4
=	44.2875					/	340.257	*	365 / 4
=	11.88

Costamare Days Payable Related Terms

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Costamare (FRA:LCM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.

Costamare (FRA:LCM) Headlines

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