Jordan National Shipping Lines (AMM:SHIP) Days Payable : 897.39 (As of Mar. 2024)

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What is Jordan National Shipping Lines Days Payable?

Jordan National Shipping Lines's average Accounts Payable for the three months ended in Mar. 2024 was JOD1.49 Mil. Jordan National Shipping Lines's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD0.15 Mil. Hence, Jordan National Shipping Lines's Days Payable for the three months ended in Mar. 2024 was 897.39.

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

AMM:SHIP' s Days Payable Range Over the Past 10 Years
Min: 28.8 Med: 33.17 Max: 2078.3
Current: 2078.3

During the past 13 years, Jordan National Shipping Lines's highest Days Payable was 2078.30. The lowest was 28.80. And the median was 33.17.

AMM:SHIP's Days Payable is ranked better than
99.35% of 930 companies
in the Transportation industry
Industry Median: 38.89 vs AMM:SHIP: 2078.30

Jordan National Shipping Lines's Days Payable declined from Mar. 2023 (1,084.53) to Mar. 2024 (897.39). It may suggest that Jordan National Shipping Lines accelerated paying its suppliers.

Jordan National Shipping Lines Days Payable Historical Data

The historical data trend for Jordan National Shipping Lines'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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Jordan National Shipping Lines Days Payable Chart

Jordan National Shipping Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.80

33.55

57.38

42.73

31.94

Jordan National Shipping Lines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1,084.53	1,210.10	-	-	897.39

Competitive Comparison of Jordan National Shipping Lines's Days Payable

For the Marine Shipping subindustry, Jordan National Shipping Lines'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.

Jordan National Shipping Lines's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Jordan National Shipping Lines's Days Payable falls into.

Jordan National Shipping Lines 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.

Jordan National Shipping Lines'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
=	( (1.216	+	1.485)	/	2 )	/	15.434	*	365
=	1.3505					/	15.434	*	365
=	31.94

Jordan National Shipping Lines's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.485	+	0)	/	1 )	/	0.151	*	365 / 4
=	1.485					/	0.151	*	365 / 4
=	897.39

Jordan National Shipping Lines Days Payable Related Terms

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Jordan National Shipping Lines (AMM:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jordan National Shipping Lines (AMM:SHIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Saqra Street, Building No. 51, P.O. Box: 5406, Amman, JOR, 11183

Website

https://www.jnslgroup.com

Jordan National Shipping Lines is a shipping company based in Jordan. The company's services include shipping, ship operations, chartering, ship agency, marine services, port operations, manning and technical ship management, energy transport, freight forwarding, maritime education, hospitality, and transportation. The company earns revenue from the Marine services sector and Hotel services sector, out of which the majority comes from the marine sector.