TOP Ships (TOP Ships) Days Payable

: 8.89 (As of Dec. 2023)

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TOP Ships's average Accounts Payable for the six months ended in Dec. 2023 was $1.56 Mil. TOP Ships's Cost of Goods Sold for the six months ended in Dec. 2023 was $31.97 Mil. Hence, TOP Ships's Days Payable for the six months ended in Dec. 2023 was 8.89.

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

TOPS' s Days Payable Range Over the Past 10 Years
Min: 13.32 Med: 34.24 Max: 387.57
Current: 13.6

During the past 13 years, TOP Ships's highest Days Payable was 387.57. The lowest was 13.32. And the median was 34.24.

TOPS's Days Payable is ranked worse than
91.33% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs TOPS: 13.60

TOP Ships's Days Payable declined from Dec. 2022 (12.22) to Dec. 2023 (8.89). It may suggest that TOP Ships accelerated paying its suppliers.

TOP Ships Days Payable Historical Data

The historical data trend for TOP Ships'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.

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

34.20

34.27

24.69

17.51

13.32

TOP Ships Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable																16.67	34.28	12.22	25.36	8.89

Competitive Comparison

For the Oil & Gas Midstream subindustry, TOP Ships'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.

TOP Ships Days Payable Distribution

For the Oil & Gas industry and Energy sector, TOP Ships's Days Payable distribution charts can be found below:

* The bar in red indicates where TOP Ships's Days Payable falls into.

TOP Ships 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.

TOP Ships'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
=	( (1.953	+	1.356)	/	2 )	/	45.325	*	365
=	1.6545					/	45.325	*	365
=	13.32

TOP Ships'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.759	+	1.356)	/	2 )	/	31.968	*	365 / 2
=	1.5575					/	31.968	*	365 / 2
=	8.89

TOP Ships Days Payable Related Terms

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TOP Ships (TOP Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (NAS:TOPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UER0:Germany

Address

1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124

Website

https://www.topships.org

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

Executives

Ronin Capital, Llc

10 percent owner

350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654