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Euroseas (Euroseas) Days Payable : 28.23 (As of Mar. 2024)


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What is Euroseas Days Payable?

Euroseas's average Accounts Payable for the three months ended in Mar. 2024 was $7.3 Mil. Euroseas's Cost of Goods Sold for the three months ended in Mar. 2024 was $23.5 Mil. Hence, Euroseas's Days Payable for the three months ended in Mar. 2024 was 28.23.

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

ESEA' s Days Payable Range Over the Past 10 Years
Min: 17   Med: 26.11   Max: 35.37
Current: 26.15

During the past 13 years, Euroseas's highest Days Payable was 35.37. The lowest was 17.00. And the median was 26.11.

ESEA's Days Payable is ranked worse than
71.97% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs ESEA: 26.15

Euroseas's Days Payable declined from Mar. 2023 (30.68) to Mar. 2024 (28.23). It may suggest that Euroseas accelerated paying its suppliers.


Euroseas Days Payable Historical Data

The historical data trend for Euroseas'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.

Euroseas Days Payable Chart

Euroseas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.37 30.29 24.78 21.32 28.64

Euroseas 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.68 25.77 19.18 22.11 28.23

Competitive Comparison of Euroseas's Days Payable

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Days Payable Distribution in the Transportation Industry

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

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



Euroseas 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.

Euroseas'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
=( (5.16 + 5.747) / 2 ) / 69.497*365
=5.4535 / 69.497*365
=28.64

Euroseas'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
=( (5.747 + 8.79) / 2 ) / 23.494*365 / 4
=7.2685 / 23.494*365 / 4
=28.23

* 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.


Euroseas Days Payable Related Terms

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


Euroseas (Euroseas) Business Description

Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

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