GNK (Genco Shipping & Trading) Days Payable : 28.59 (As of Sep. 2024)

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What is Genco Shipping & Trading Days Payable?

Genco Shipping & Trading's average Accounts Payable for the three months ended in Sep. 2024 was $22.2 Mil. Genco Shipping & Trading's Cost of Goods Sold for the three months ended in Sep. 2024 was $71.0 Mil. Hence, Genco Shipping & Trading's Days Payable for the three months ended in Sep. 2024 was 28.59.

The historical rank and industry rank for Genco Shipping & Trading's Days Payable or its related term are showing as below:

GNK' s Days Payable Range Over the Past 10 Years
Min: 12.09 Med: 15.49 Max: 21.63
Current: 18.42

During the past 13 years, Genco Shipping & Trading's highest Days Payable was 21.63. The lowest was 12.09. And the median was 15.49.

GNK's Days Payable is ranked worse than
83.08% of 934 companies
in the Transportation industry
Industry Median: 37.385 vs GNK: 18.42

Genco Shipping & Trading's Days Payable increased from Sep. 2023 (11.47) to Sep. 2024 (28.59). It may suggest that Genco Shipping & Trading delayed paying its suppliers.

Genco Shipping & Trading Days Payable Historical Data

The historical data trend for Genco Shipping & Trading'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.

Genco Shipping & Trading Days Payable Chart

Genco Shipping & Trading Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.96

21.63

12.09

13.69

15.50

Genco Shipping & Trading 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															11.47	11.24	13.68	15.46	28.59

Competitive Comparison of Genco Shipping & Trading's Days Payable

For the Marine Shipping subindustry, Genco Shipping & Trading'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.

Genco Shipping & Trading's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Genco Shipping & Trading's Days Payable distribution charts can be found below:

* The bar in red indicates where Genco Shipping & Trading's Days Payable falls into.

Genco Shipping & Trading 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.

Genco Shipping & Trading'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
=	( (16.162	+	10.65)	/	2 )	/	315.664	*	365
=	13.406					/	315.664	*	365
=	15.50

Genco Shipping & Trading'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
=	( (11.525	+	32.937)	/	2 )	/	70.966	*	365 / 4
=	22.231					/	70.966	*	365 / 4
=	28.59

Genco Shipping & Trading Days Payable Related Terms

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Genco Shipping & Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Genco Shipping & Trading Ltd (NYSE:GNK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GNU1:Germany GNU1:Germany

Address

299 Park Avenue, 12th Floor, New York, NY, USA, 10171

Website

https://www.gencoshipping.com

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.

Executives

Arthur L Regan	director	C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 --
Joseph Adamo	officer: Chief Accounting Officer	GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Peter George Allen	officer: Chief Financial Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Jesper Christensen	officer: Chief Commercial Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
John C Wobensmith	officer: Chief Financial Officer	35 WEST 56TH STREET, NEW YORK NY 10019
Robert E Hughes	officer: Chief Operations Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Apostolos Zafolias	officer: Chief Financial Officer	GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Ccp Ii Cayman Gp Ltd.	10 percent owner	375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners, L.p.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Karin Y Orsel	director	HOGELANDSTERWEG 14, FARMSUM P7 9936 BH
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Strategic Value Partners, Llc	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Daniel Han	director	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Kathleen C Haines	director	P.O. BOX 385, COS COB CT 06807
Christoph O Majeske	director	17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060