Golden Ocean Group (Golden Ocean Group) Days Payable : 5.30 (As of Dec. 2023)

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What is Golden Ocean Group Days Payable?

Golden Ocean Group's average Accounts Payable for the three months ended in Dec. 2023 was $9.5 Mil. Golden Ocean Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $164.0 Mil. Hence, Golden Ocean Group's Days Payable for the three months ended in Dec. 2023 was 5.30.

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

GOGL' s Days Payable Range Over the Past 10 Years
Min: 3.18 Med: 4.86 Max: 15.53
Current: 4.94

During the past 13 years, Golden Ocean Group's highest Days Payable was 15.53. The lowest was 3.18. And the median was 4.86.

GOGL's Days Payable is ranked worse than
97.31% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs GOGL: 4.94

Golden Ocean Group's Days Payable increased from Dec. 2022 (3.78) to Dec. 2023 (5.30). It may suggest that Golden Ocean Group delayed paying its suppliers.

Golden Ocean Group Days Payable Historical Data

The historical data trend for Golden Ocean Group'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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Golden Ocean Group Days Payable Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.24

9.97

6.72

3.59

4.50

Golden Ocean Group 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															3.78	3.74	6.22	5.92	5.30

Competitive Comparison of Golden Ocean Group's Days Payable

For the Marine Shipping subindustry, Golden Ocean Group'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.

Golden Ocean Group's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Golden Ocean Group's Days Payable falls into.

Golden Ocean Group 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.

Golden Ocean Group'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
=	( (7.143	+	9.524)	/	2 )	/	675.884	*	365
=	8.3335					/	675.884	*	365
=	4.50

Golden Ocean Group'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
=	( (0	+	9.524)	/	1 )	/	163.952	*	365 / 4
=	9.524					/	163.952	*	365 / 4
=	5.30

Golden Ocean Group Days Payable Related Terms

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Golden Ocean Group (Golden Ocean Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (NAS:GOGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GOGLo:Sweden GOGL:Norway GOGLo:UK 0RII:UK KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.