ICON (Icon Energy) Days Payable: 43.16 (As of Mar. 2026) — 17% Above Median

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ICON Icon Energy Corp ICON
17 GF Score
Price $1.03
! 4 Warning Signs
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What is Icon Energy Days Payable?

Icon Energy ICON -0.48% 17 Days Payable is 43.16 as of Mar. 2026, which is 17% above its 10-year median of 36.78. GuruFocus rates ICON with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 970 Transportation companies, Icon Energy ranks worse than 56.49% on this metric.

Icon Energy's average Accounts Payable for the three months ended in Mar. 2026 was $1.16 Mil. Icon Energy's Cost of Goods Sold for the three months ended in Mar. 2026 was $2.45 Mil. Hence, Icon Energy's Days Payable for the three months ended in Mar. 2026 was 43.16.

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

ICON' s Days Payable Range Over the Past 10 Years
Min: 17.7   Med: 36.78   Max: 197.9
Current: 33.56

During the past 5 years, Icon Energy's highest Days Payable was 197.90. The lowest was 17.70. And the median was 36.78.

ICON's Days Payable is ranked worse than
56.49% of 970 companies
in the Transportation industry
Industry Median: 37.985 vs ICON: 33.56

Icon Energy's Days Payable increased from Mar. 2025 (28.04) to Mar. 2026 (43.16). It may suggest that Icon Energy delayed paying its suppliers.


Icon Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Icon Energy'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.

Icon Energy Days Payable Chart

Icon Energy Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
197.90 102.39 17.70 22.75 36.78

Icon Energy Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.04 29.61 28.73 35.88 43.16

ICON vs RUBI, CISS, SVRN: Days Payable Comparison

For the Marine Shipping subindustry, Icon Energy'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.


Icon Energy Days Payable vs Transportation Industry

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

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


ICON
17GF Score
Icon Energy Corp ICON
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Icon Energy 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.

Icon Energy's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (0.394 + 1.363) / 2 ) / 8.719*365
=0.8785 / 8.719*365
=36.78

Icon Energy's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1.363 + 0.952) / 2 ) / 2.447*365 / 4
=1.1575 / 2.447*365 / 4
=43.16

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 43.16 mean?
Icon Energy (ICON) has a Days Payable of 43.16 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Icon Energy and its competitors. This is 17% above median its historical median of 36.78. Over the past decade, Icon Energy's Days Payable has ranged from 17.70 to 197.90. According to the industry distribution chart, Icon Energy ranks #548 out of 970 companies in the Transportation industry, placing it in the top 56.5%.
Is Icon Energy's Days Payable too high?
Icon Energy's current Days Payable of 43.16 is 17% above median its 10-year median of 36.78. Over the past 10 years, this metric has ranged from a low of 17.70 to a high of 197.90. The Transportation industry median Days Payable is 37.99. Icon Energy's value of 43.16 is 13.6% above this industry median. Based on the distribution chart, Icon Energy ranks #548 out of 970 companies in the Transportation industry, which is below the industry midpoint. Overall, Icon Energy has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Icon Energy's Days Payable compare to RUBI and CISS?
According to the Transportation industry distribution chart, Icon Energy ranks #548 out of 970 companies for Days Payable. This places Icon Energy in the lower half of its industry. The industry median Days Payable is 37.99. Icon Energy's value of 43.16 is 13.6% above this benchmark. Historically, Icon Energy's own Days Payable has ranged from 17.70 to 197.90 over the past decade. While the company's 10-year median is 36.78 vs. the industry median of 37.99, Icon Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 37.99, based on 970 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Icon Energy's current Days Payable of 43.16 is 13.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Icon Energy and its competitors. For the Transportation industry, the median Days Payable is 37.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icon Energy's current Days Payable is 43.16, which is 17% above median its own 10-year median of 36.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icon Energy stock overvalued right now?
Icon Energy (ICON) has a current Days Payable of 43.16. The current Days Payable is 43.16, which is 17% above median its 10-year median of 36.78 and 13.6% above the Transportation industry median of 37.99. Icon Energy's overall GF Score™ is 17/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Icon Energy (ICON), the current Days Payable is 43.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Icon Energy Business Description

Address c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564
Icon Energy Corp is a growth-oriented shipping company providing seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. The company generates its revenues by chartering its vessels to regional and international dry bulk operators, commodity traders and end users. The cargos carried by the company are Grains, Minerals, Iron Ore, Coal and Bauxite.
17GF Score

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