Gulf Marine Services (LSE:GMS) Days Payable: 89.23 (As of Dec. 2025) — 105% Above Median


LSE:GMS Gulf Marine Services PLC LSE:GMS
55 GF Score
Price £0.18
GF Value £0.17
Valuation Fairly Valued
! 3 Warning Signs
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What is Gulf Marine Services Days Payable?

Gulf Marine Services LSE:GMS -2.36% 55 Days Payable is 89.23 as of Dec. 2025, which is 105% above its 10-year median of 43.63. GuruFocus rates LSE:GMS with a GF Score™ of 55/100 and a GF Value™ of £0.17 (Fairly Valued). The stock has 3 warning signs investors should review. Among 854 Oil & Gas companies, Gulf Marine Services ranks better than 63.47% on this metric.

Gulf Marine Services's average Accounts Payable for the six months ended in Dec. 2025 was £24.4 Mil. Gulf Marine Services's Cost of Goods Sold for the six months ended in Dec. 2025 was £49.9 Mil. Hence, Gulf Marine Services's Days Payable for the six months ended in Dec. 2025 was 89.23.

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

LSE:GMS' s Days Payable Range Over the Past 10 Years
Min: 17.97   Med: 43.63   Max: 98.52
Current: 88.36

During the past 13 years, Gulf Marine Services's highest Days Payable was 98.52. The lowest was 17.97. And the median was 43.63.

LSE:GMS's Days Payable is ranked better than
63.47% of 854 companies
in the Oil & Gas industry
Industry Median: 57.145 vs LSE:GMS: 88.36

Gulf Marine Services's Days Payable declined from Dec. 2024 (144.25) to Dec. 2025 (89.23). It may suggest that Gulf Marine Services accelerated paying its suppliers.


Gulf Marine Services Days Payable Historical Data

* Premium members only.

The historical data trend for Gulf Marine Services'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.

Gulf Marine Services Days Payable Chart

Gulf Marine Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.95 51.89 98.52 74.92 60.35

Gulf Marine Services Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 491.92 112.50 144.25 119.34 89.23

LSE:GMS vs SLB, BKR, HAL: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Gulf Marine Services'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.


Gulf Marine Services Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Gulf Marine Services's Days Payable falls into.


LSE:GMS
55GF Score
Gulf Marine Services PLC LSE:GMS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Marine Services 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.

Gulf Marine Services'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
=( (14.845 + 14.314) / 2 ) / 88.18*365
=14.5795 / 88.18*365
=60.35

Gulf Marine Services's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (34.51 + 14.314) / 2 ) / 49.93*365 / 2
=24.412 / 49.93*365 / 2
=89.23

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 89.23 mean?
Gulf Marine Services (LSE:GMS) has a Days Payable of 89.23 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Gulf Marine Services and its competitors. This is 105% above median its historical median of 43.63. Over the past decade, Gulf Marine Services' Days Payable has ranged from 17.97 to 98.52. According to the industry distribution chart, Gulf Marine Services ranks #312 out of 854 companies in the Oil & Gas industry, placing it in the top 36.5%.
Is Gulf Marine Services' Days Payable too high?
Gulf Marine Services' current Days Payable of 89.23 is 105% above median its 10-year median of 43.63. Over the past 10 years, this metric has ranged from a low of 17.97 to a high of 98.52. The Oil & Gas industry median Days Payable is 57.15. Gulf Marine Services' value of 89.23 is 56.1% above this industry median. Based on the distribution chart, Gulf Marine Services ranks #312 out of 854 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Gulf Marine Services has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gulf Marine Services' Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Gulf Marine Services ranks #312 out of 854 companies for Days Payable. This puts Gulf Marine Services in the upper half of its industry. The industry median Days Payable is 57.15. Gulf Marine Services' value of 89.23 is 56.1% above this benchmark. Historically, Gulf Marine Services' own Days Payable has ranged from 17.97 to 98.52 over the past decade. While the company's 10-year median is 43.63 vs. the industry median of 57.15, Gulf Marine Services 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.15, based on 854 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. Gulf Marine Services's current Days Payable of 89.23 is 56.1% 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 Gulf Marine Services and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Marine Services's current Days Payable is 89.23, which is 105% above median its own 10-year median of 43.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Marine Services stock overvalued right now?
Based on GuruFocus' analysis, Gulf Marine Services (LSE:GMS) is currently considered Fairly Valued. The stock's GF Value™ is £0.17, compared to a current price of £0.18 — trading 7.1% above its estimated fair value. The current Days Payable is 89.23, which is 105% above median its 10-year median of 43.63 and 56.1% above the Oil & Gas industry median of 57.15. Gulf Marine Services' overall GF Score™ is 55/100 with 3 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 Gulf Marine Services (LSE:GMS), the current Days Payable is 89.23 as of Dec. 2025. 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.

Is Gulf Marine Services (LSE:GMS) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Marine Services stock appears to be overvalued. The current stock price of £0.18 is trading 7.1% above its estimated GF Value™ of £0.17. GuruFocus considers Gulf Marine Services to be Fairly Valued.

Key valuation signals for LSE:GMS:

  • Days Payable: 89.23 (105% above median its 10-year median of 43.63)
  • GF Value™: £0.17 vs. price of £0.18 (7.1% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 56.1% above the Oil & Gas median (#312 of 854)

No single metric tells the full story. See the LSE:GMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gulf Marine Services Business Description

Industry EnergyOil & Gas
Other Exchanges GMSl:UKG0M:Germany
Address P.O. Box 46046, Abu Dhabi, ARE
Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include Six K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; Three S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels; Five E-Class vessels, which include the Endeavour, Endurance, Enterprise, and Evolution vessels; and the Other vessels segment.
55GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.18
Price
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GF Value