Gulf Marine Services (LSE:GMS) Days Payable : 491.92 (As of Dec. 2023)

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What is Gulf Marine Services Days Payable?

Gulf Marine Services's average Accounts Payable for the six months ended in Dec. 2023 was £19.7 Mil. Gulf Marine Services's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.3 Mil. Hence, Gulf Marine Services's Days Payable for the six months ended in Dec. 2023 was 491.92.

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: 37.97 Max: 156.98
Current: 156.98

During the past 13 years, Gulf Marine Services's highest Days Payable was 156.98. The lowest was 17.97. And the median was 37.97.

LSE:GMS's Days Payable is ranked better than
78.36% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs LSE:GMS: 156.98

Gulf Marine Services's Days Payable increased from Dec. 2022 (93.37) to Dec. 2023 (491.92). It may suggest that Gulf Marine Services delayed paying its suppliers.

Gulf Marine Services Days Payable Historical Data

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.

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Gulf Marine Services Days Payable Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.28

27.77

69.95

51.89

98.52

Gulf Marine Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															137.20	70.45	93.37	114.83	491.92

Competitive Comparison of Gulf Marine Services's Days Payable

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's Days Payable Distribution in the 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.

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. 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
=	( (10.359	+	10.438)	/	2 )	/	38.525	*	365
=	10.3985					/	38.525	*	365
=	98.52

Gulf Marine Services's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (29.013	+	10.438)	/	2 )	/	7.318	*	365 / 2
=	19.7255					/	7.318	*	365 / 2
=	491.92

Gulf Marine Services Days Payable Related Terms

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Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

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 K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.