Seanergy Maritime Holdings (Seanergy Maritime Holdings) Days Payable : 32.87 (As of Dec. 2023)

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What is Seanergy Maritime Holdings Days Payable?

Seanergy Maritime Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $5.4 Mil. Seanergy Maritime Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.0 Mil. Hence, Seanergy Maritime Holdings's Days Payable for the three months ended in Dec. 2023 was 32.87.

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

SHIP' s Days Payable Range Over the Past 10 Years
Min: 24.7 Med: 54.62 Max: 143.58
Current: 31.89

During the past 13 years, Seanergy Maritime Holdings's highest Days Payable was 143.58. The lowest was 24.70. And the median was 54.62.

SHIP's Days Payable is ranked worse than
59.49% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs SHIP: 31.89

Seanergy Maritime Holdings's Days Payable declined from Dec. 2022 (49.91) to Dec. 2023 (32.87). It may suggest that Seanergy Maritime Holdings accelerated paying its suppliers.

Seanergy Maritime Holdings Days Payable Historical Data

The historical data trend for Seanergy Maritime 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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Seanergy Maritime Holdings Days Payable Chart

Seanergy Maritime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.62

67.41

24.70

34.80

34.82

Seanergy Maritime Holdings 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															49.91	38.30	33.12	24.87	32.87

Competitive Comparison of Seanergy Maritime Holdings's Days Payable

For the Marine Shipping subindustry, Seanergy Maritime 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.

Seanergy Maritime Holdings's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Seanergy Maritime Holdings's Days Payable falls into.

Seanergy Maritime 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.

Seanergy Maritime 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
=	( (7.826	+	5.489)	/	2 )	/	69.787	*	365
=	6.6575					/	69.787	*	365
=	34.82

Seanergy Maritime 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
=	( (5.352	+	5.489)	/	2 )	/	15.048	*	365 / 4
=	5.4205					/	15.048	*	365 / 4
=	32.87

Seanergy Maritime Holdings Days Payable Related Terms

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Seanergy Maritime Holdings (Seanergy Maritime Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seanergy Maritime Holdings Corp (NAS:SHIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RHS:Germany

Address

154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74

Website

https://www.seanergymaritime.com

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.

Executives

Nisswa Acquisition Master Fund Ltd.

10 percent owner

C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104