Grindrod Shipping Holdings (Grindrod Shipping Holdings) Days Payable

: 28.57 (As of Dec. 2023)

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Grindrod Shipping Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $24.1 Mil. Grindrod Shipping Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $77.1 Mil. Hence, Grindrod Shipping Holdings's Days Payable for the three months ended in Dec. 2023 was 28.57.

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

GRIN' s Days Payable Range Over the Past 10 Years
Min: 23.22 Med: 36.64 Max: 49.18
Current: 23.22

During the past 9 years, Grindrod Shipping Holdings's highest Days Payable was 49.18. The lowest was 23.22. And the median was 36.64.

GRIN's Days Payable is ranked worse than
76.07% of 932 companies
in the Transportation industry
Industry Median: 39.6 vs GRIN: 23.22

Grindrod Shipping Holdings's Days Payable declined from Dec. 2022 (44.99) to Dec. 2023 (28.57). It may suggest that Grindrod Shipping Holdings accelerated paying its suppliers.

Grindrod Shipping Holdings Days Payable Historical Data

The historical data trend for Grindrod Shipping Holdings'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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Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.40

49.18

40.06

39.44

31.64

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	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															44.99	30.94	16.13	13.74	28.57

Competitive Comparison

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings Days Payable Distribution

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

* The bar in red indicates where Grindrod Shipping Holdings's Days Payable falls into.

Grindrod Shipping Holdings 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.

Grindrod Shipping Holdings'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
=	( (29.599	+	30.695)	/	2 )	/	347.729	*	365
=	30.147					/	347.729	*	365
=	31.64

Grindrod Shipping Holdings'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
=	( (17.576	+	30.695)	/	2 )	/	77.082	*	365 / 4
=	24.1355					/	77.082	*	365 / 4
=	28.57

Grindrod Shipping Holdings Days Payable Related Terms

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Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599