Dampskibsselskabet Norden AS (CHIX:DNORDC) Days Payable : 22.99 (As of Dec. 2024)

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What is Dampskibsselskabet Norden AS Days Payable?

Dampskibsselskabet Norden AS's average Accounts Payable for the three months ended in Dec. 2024 was kr1,844 Mil. Dampskibsselskabet Norden AS's Cost of Goods Sold for the three months ended in Dec. 2024 was kr7,320 Mil. Hence, Dampskibsselskabet Norden AS's Days Payable for the three months ended in Dec. 2024 was 22.99.

The historical rank and industry rank for Dampskibsselskabet Norden AS's Days Payable or its related term are showing as below:

CHIX:DNORDc' s Days Payable Range Over the Past 10 Years
Min: 11.31 Med: 18.57 Max: 30.07
Current: 25.3

During the past 13 years, Dampskibsselskabet Norden AS's highest Days Payable was 30.07. The lowest was 11.31. And the median was 18.57.

CHIX:DNORDc's Days Payable is ranked worse than
70.06% of 952 companies
in the Transportation industry
Industry Median: 35.82 vs CHIX:DNORDc: 25.30

Dampskibsselskabet Norden AS's Days Payable declined from Dec. 2023 (27.36) to Dec. 2024 (22.99). It may suggest that Dampskibsselskabet Norden AS accelerated paying its suppliers.

Dampskibsselskabet Norden AS Days Payable Historical Data

The historical data trend for Dampskibsselskabet Norden AS'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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Dampskibsselskabet Norden AS Days Payable Chart

Dampskibsselskabet Norden AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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20.03

19.82

20.27

30.07

24.40

Dampskibsselskabet Norden AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															27.36	28.85	26.19	23.90	22.99

Competitive Comparison of Dampskibsselskabet Norden AS's Days Payable

For the Marine Shipping subindustry, Dampskibsselskabet Norden AS'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.

Dampskibsselskabet Norden AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dampskibsselskabet Norden AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Dampskibsselskabet Norden AS's Days Payable falls into.

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Dampskibsselskabet Norden AS 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.

Dampskibsselskabet Norden AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1789.351	+	1925.104)	/	2 )	/	27785.449	*	365
=	1857.2275					/	27785.449	*	365
=	24.40

Dampskibsselskabet Norden AS's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1762.803	+	1925.104)	/	2 )	/	7320.095	*	365 / 4
=	1843.9535					/	7320.095	*	365 / 4
=	22.99

Dampskibsselskabet Norden AS Days Payable Related Terms

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Dampskibsselskabet Norden AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dampskibsselskabet Norden AS (CHIX:DNORDc) » Definitions » Days Payable

Traded in Other Exchanges

DPBSF:USA 0HDP:UK DNORD:Denmark D69:Germany

Address

52, Strandvejen, Hellerup, DNK, DK-2900

Website

https://www.norden.com

Dampskibsselskabet Norden AS is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. It generates maximum revenue from Freight Services & Trading segment which offers transport of bulk commodities such as grain, coal, iron ore and sugar, and of fuel oil and refined oil products. Geographically, it generates revenue from China, Singapore, United States of America, Mexico and Other regions.

Dampskibsselskabet Norden AS Headlines

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