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JMTM (James Maritime Holdings) Days Payable : 81.14 (As of Sep. 2024)


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What is James Maritime Holdings Days Payable?

James Maritime Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $0.87 Mil. James Maritime Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.98 Mil. Hence, James Maritime Holdings's Days Payable for the three months ended in Sep. 2024 was 81.14.

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

JMTM' s Days Payable Range Over the Past 10 Years
Min: 46.55   Med: 91.25   Max: 1098.72
Current: 61.53

During the past 6 years, James Maritime Holdings's highest Days Payable was 1098.72. The lowest was 46.55. And the median was 91.25.

JMTM's Days Payable is ranked worse than
64% of 75 companies
in the Diversified Financial Services industry
Industry Median: 129.5 vs JMTM: 61.53

James Maritime Holdings's Days Payable increased from Sep. 2023 (74.08) to Sep. 2024 (81.14). It may suggest that James Maritime Holdings delayed paying its suppliers.

James Maritime Holdings Days Payable Historical Data

The historical data trend for James Maritime Holdings'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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James Maritime Holdings Days Payable Chart

James Maritime Holdings Annual Data
Trend Mar93 Mar99 Mar00 Mar03 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 912.50 1,098.72 - 51.18 46.55

James Maritime Holdings Quarterly Data
Dec99 Mar00 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 74.08 71.50 42.53 47.68 81.14

Competitive Comparison of James Maritime Holdings's Days Payable

For the Shell Companies subindustry, James Maritime Holdings'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.

James Maritime Holdings's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, James Maritime Holdings's Days Payable distribution charts can be found below:

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


James Maritime Holdings 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.

James Maritime Holdings'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
=( (0.724 + 0.82) / 2 ) / 6.053*365
=0.772 / 6.053*365
=46.55

James Maritime Holdings'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
=( (0.831 + 0.903) / 2 ) / 0.975*365 / 4
=0.867 / 0.975*365 / 4
=81.14

* 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.

James Maritime Holdings Days Payable Related Terms

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James Maritime Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » James Maritime Holdings Inc (OTCPK:JMTM) » Definitions » Days Payable
Comparable Companies
IGTA GLLI FORL ATMV KACLF BRZH ESHA DMYY YOTA WELNF AACT ANSC AAM EQV NETD CCIX GPAT ALF MBAV CCIR
Traded in Other Exchanges
N/A
Address
9160 South 300 West, No. 101, Sandy, UT, USA, 84070
Website
https://www.usselite.com
James Maritime Holdings Inc conducts its business through its subsidiaries Gladiator and USS. Gladiator. It produces revenues through the distribution of personal protective products, predominantly through mail-in orders to customers or via e-commerce sales generated through its website. USS provides professional security personnel enhanced by smartphone-based security applications. Its products and services are designed for law enforcement and civilian use.