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GuruFocus has detected 5 Warning Signs with Frontline Ltd $OSTO:FROO.
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Frontline Ltd (OSTO:FROo)
Days Payable
3.77 (As of Dec. 2016)

Frontline Ltd's payable for the three months ended in Dec. 2016 was NOK37 Mil. Frontline Ltd's cost of goods sold for the three months ended in Dec. 2016 was NOK897 Mil. Hence, Frontline Ltd's days payable for the three months ended in Dec. 2016 was 3.77.

OSTO:FROO' s Days Payable Range Over the Past 10 Years
Min: 4.03   Max: 50.35
Current: 4.52

4.03
50.35

During the past 13 years, Frontline Ltd's highest Days Payable was 50.35. The lowest was 4.03. And the median was 8.83.

OSTO:FROO's Days Payable is ranked lower than
95% of the 489 Companies
in the Global Shipping & Ports industry.

( Industry Median: 37.49 vs. OSTO:FROO: 4.52 )

Frontline Ltd's days payable declined from Dec. 2015 (14.13) to Dec. 2016 (3.77). It may suggest that Frontline Ltd accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Frontline Ltd's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=37.029109589/2988.03082192*365
=4.52

Frontline Ltd's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=37.029109589/897.037671233*365 / 4
=3.77

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Frontline Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 9.6712.2422.437.994.035.1250.356.1415.954.52

Frontline Ltd Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.000.000.0019.570.0014.130.007.830.003.77
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