CTRM (Castor Maritime) Days Payable : 12.44 (As of Sep. 2024)

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What is Castor Maritime Days Payable?

Castor Maritime's average Accounts Payable for the three months ended in Sep. 2024 was $1.34 Mil. Castor Maritime's Cost of Goods Sold for the three months ended in Sep. 2024 was $9.86 Mil. Hence, Castor Maritime's Days Payable for the three months ended in Sep. 2024 was 12.44.

The historical rank and industry rank for Castor Maritime's Days Payable or its related term are showing as below:

CTRM' s Days Payable Range Over the Past 10 Years
Min: 10.48 Med: 27.56 Max: 45.73
Current: 16.65

During the past 7 years, Castor Maritime's highest Days Payable was 45.73. The lowest was 10.48. And the median was 27.56.

CTRM's Days Payable is ranked worse than
85.1% of 933 companies
in the Transportation industry
Industry Median: 37.3 vs CTRM: 16.65

Castor Maritime's Days Payable declined from Sep. 2023 (18.05) to Sep. 2024 (12.44). It may suggest that Castor Maritime accelerated paying its suppliers.

Castor Maritime Days Payable Historical Data

The historical data trend for Castor Maritime'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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Castor Maritime Days Payable Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.45

45.73

33.11

36.31

27.56

Castor Maritime Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															18.05	19.75	16.09	13.70	12.44

Competitive Comparison of Castor Maritime's Days Payable

For the Marine Shipping subindustry, Castor Maritime'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.

Castor Maritime's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Castor Maritime's Days Payable distribution charts can be found below:

* The bar in red indicates where Castor Maritime's Days Payable falls into.

Castor Maritime 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.

Castor Maritime'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
=	( (7.594	+	2.833)	/	2 )	/	69.043	*	365
=	5.2135					/	69.043	*	365
=	27.56

Castor Maritime's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.541	+	1.147)	/	2 )	/	9.859	*	365 / 4
=	1.344					/	9.859	*	365 / 4
=	12.44

Castor Maritime Days Payable Related Terms

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Castor Maritime Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1C1:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under two reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.