IMPP (Imperial Petroleum) Days Payable : 20.13 (As of Sep. 2024)

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What is Imperial Petroleum Days Payable?

Imperial Petroleum's average Accounts Payable for the three months ended in Sep. 2024 was $5.6 Mil. Imperial Petroleum's Cost of Goods Sold for the three months ended in Sep. 2024 was $25.4 Mil. Hence, Imperial Petroleum's Days Payable for the three months ended in Sep. 2024 was 20.13.

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

IMPP' s Days Payable Range Over the Past 10 Years
Min: 7.93 Med: 27.09 Max: 800.4
Current: 24.9

During the past 13 years, Imperial Petroleum's highest Days Payable was 800.40. The lowest was 7.93. And the median was 27.09.

IMPP's Days Payable is ranked worse than
82.37% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs IMPP: 24.90

Imperial Petroleum's Days Payable declined from Sep. 2023 (31.23) to Sep. 2024 (20.13). It may suggest that Imperial Petroleum accelerated paying its suppliers.

Imperial Petroleum Days Payable Historical Data

The historical data trend for Imperial Petroleum'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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Imperial Petroleum Days Payable Chart

Imperial Petroleum Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.69

15.71

24.29

27.06

27.11

Imperial Petroleum Quarterly Data
	Jan12	Apr12	Dec19	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															31.23	30.83	28.24	20.11	20.13

Competitive Comparison of Imperial Petroleum's Days Payable

For the Oil & Gas Midstream subindustry, Imperial Petroleum'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.

Imperial Petroleum's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Petroleum's Days Payable distribution charts can be found below:

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

Imperial Petroleum 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.

Imperial Petroleum'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
=	( (8.115	+	8.277)	/	2 )	/	110.354	*	365
=	8.196					/	110.354	*	365
=	27.11

Imperial Petroleum'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
=	( (5.568	+	5.62)	/	2 )	/	25.356	*	365 / 4
=	5.594					/	25.356	*	365 / 4
=	20.13

Imperial Petroleum Days Payable Related Terms

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Imperial Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Petroleum Inc (NAS:IMPP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.imperialpetro.com

Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals.