United Maritime (United Maritime) Days Payable : 34.29 (As of Dec. 2023)

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What is United Maritime Days Payable?

United Maritime's average Accounts Payable for the three months ended in Dec. 2023 was $3.31 Mil. United Maritime's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.80 Mil. Hence, United Maritime's Days Payable for the three months ended in Dec. 2023 was 34.29.

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

USEA' s Days Payable Range Over the Past 10 Years
Min: 13.53 Med: 27.59 Max: 48.65
Current: 35.19

During the past 5 years, United Maritime's highest Days Payable was 48.65. The lowest was 13.53. And the median was 27.59.

USEA's Days Payable is ranked worse than
54.46% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs USEA: 35.19

United Maritime's Days Payable declined from Dec. 2022 (38.69) to Dec. 2023 (34.29). It may suggest that United Maritime accelerated paying its suppliers.

United Maritime Days Payable Historical Data

The historical data trend for United Maritime'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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United Maritime Days Payable Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

13.53

19.99

48.65

35.19

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						38.69	59.40	-	-	34.29

Competitive Comparison of United Maritime's Days Payable

For the Marine Shipping subindustry, United Maritime'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.

United Maritime's Days Payable Distribution in the Transportation Industry

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

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

United Maritime 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.

United Maritime'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
=	( (3.018	+	3.308)	/	2 )	/	32.808	*	365
=	3.163					/	32.808	*	365
=	35.19

United Maritime'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	+	3.308)	/	1 )	/	8.803	*	365 / 4
=	3.308					/	8.803	*	365 / 4
=	34.29

United Maritime Days Payable Related Terms

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United Maritime (United Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.