Pacific Basin Shipping (Pacific Basin Shipping) Days Payable : 16.26 (As of Dec. 2023)

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What is Pacific Basin Shipping Days Payable?

Pacific Basin Shipping's average Accounts Payable for the six months ended in Dec. 2023 was $98 Mil. Pacific Basin Shipping's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,098 Mil. Hence, Pacific Basin Shipping's Days Payable for the six months ended in Dec. 2023 was 16.26.

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

PCFBY' s Days Payable Range Over the Past 10 Years
Min: 10.34 Med: 13.44 Max: 15.61
Current: 15.51

During the past 13 years, Pacific Basin Shipping's highest Days Payable was 15.61. The lowest was 10.34. And the median was 13.44.

PCFBY's Days Payable is ranked worse than
87.33% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs PCFBY: 15.51

Pacific Basin Shipping's Days Payable increased from Dec. 2022 (12.09) to Dec. 2023 (16.26). It may suggest that Pacific Basin Shipping delayed paying its suppliers.

Pacific Basin Shipping Days Payable Historical Data

The historical data trend for Pacific Basin Shipping'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.

Pacific Basin Shipping Days Payable Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.98

14.98

10.37

10.83

15.63

Pacific Basin Shipping 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	Get a 7-Day Free Trial															9.81	12.12	12.09	14.68	16.26

Competitive Comparison of Pacific Basin Shipping's Days Payable

For the Marine Shipping subindustry, Pacific Basin Shipping'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.

Pacific Basin Shipping's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Pacific Basin Shipping's Days Payable falls into.

Pacific Basin Shipping 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.

Pacific Basin Shipping'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
=	( (80.793	+	104.669)	/	2 )	/	2165.671	*	365
=	92.731					/	2165.671	*	365
=	15.63

Pacific Basin Shipping'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
=	( (91	+	104.669)	/	2 )	/	1098.145	*	365 / 2
=	97.8345					/	1098.145	*	365 / 2
=	16.26

Pacific Basin Shipping Days Payable Related Terms

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Pacific Basin Shipping (Pacific Basin Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » Days Payable

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.