Tsakos Energy Navigation (Tsakos Energy Navigation) Days Payable : 28.31 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Tsakos Energy Navigation Days Payable?

Tsakos Energy Navigation's average Accounts Payable for the three months ended in Dec. 2023 was $40.21 Mil. Tsakos Energy Navigation's Cost of Goods Sold for the three months ended in Dec. 2023 was $129.59 Mil. Hence, Tsakos Energy Navigation's Days Payable for the three months ended in Dec. 2023 was 28.31.

The historical rank and industry rank for Tsakos Energy Navigation's Days Payable or its related term are showing as below:

TNPpD.PFD' s Days Payable Range Over the Past 10 Years
Min: 29.66 Med: 36.64 Max: 43.63
Current: 31.13

During the past 13 years, Tsakos Energy Navigation's highest Days Payable was 43.63. The lowest was 29.66. And the median was 36.64.

TNPpD.PFD's Days Payable is ranked worse than
75.31% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs TNPpD.PFD: 31.13

Tsakos Energy Navigation's Days Payable declined from Dec. 2022 (31.34) to Dec. 2023 (28.31). It may suggest that Tsakos Energy Navigation accelerated paying its suppliers.

Tsakos Energy Navigation Days Payable Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Tsakos Energy Navigation Days Payable Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.66

34.71

43.63

39.15

31.04

Tsakos Energy Navigation 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															31.34	32.29	32.15	31.96	28.31

Competitive Comparison of Tsakos Energy Navigation's Days Payable

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tsakos Energy Navigation's Days Payable falls into.

Tsakos Energy Navigation 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.

Tsakos Energy Navigation'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
=	( (48.156	+	40.207)	/	2 )	/	519.559	*	365
=	44.1815					/	519.559	*	365
=	31.04

Tsakos Energy Navigation'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	+	40.207)	/	1 )	/	129.594	*	365 / 4
=	40.207					/	129.594	*	365 / 4
=	28.31

Tsakos Energy Navigation Days Payable Related Terms

Thank you for viewing the detailed overview of Tsakos Energy Navigation's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNPpD.PFD) » Definitions » Days Payable

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TNP:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.