Stainless Tankers ASA (OSL:STST) Days Payable : 12.68 (As of Dec. 2024)

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What is Stainless Tankers ASA Days Payable?

Stainless Tankers ASA's average Accounts Payable for the three months ended in Dec. 2024 was kr15.4 Mil. Stainless Tankers ASA's Cost of Goods Sold for the three months ended in Dec. 2024 was kr110.5 Mil. Hence, Stainless Tankers ASA's Days Payable for the three months ended in Dec. 2024 was 12.68.

The historical rank and industry rank for Stainless Tankers ASA's Days Payable or its related term are showing as below:

OSL:STST' s Days Payable Range Over the Past 10 Years
Min: 10.74 Med: 16.57 Max: 22.39
Current: 15.74

During the past 2 years, Stainless Tankers ASA's highest Days Payable was 22.39. The lowest was 10.74. And the median was 16.57.

OSL:STST's Days Payable is ranked worse than
86.54% of 951 companies
in the Transportation industry
Industry Median: 35.88 vs OSL:STST: 15.74

Stainless Tankers ASA's Days Payable declined from Dec. 2023 (13.72) to Dec. 2024 (12.68). It may suggest that Stainless Tankers ASA accelerated paying its suppliers.

Stainless Tankers ASA Days Payable Historical Data

The historical data trend for Stainless Tankers ASA'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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Stainless Tankers ASA Days Payable Chart

Stainless Tankers ASA Annual Data

Trend

Dec23

Dec24

Days Payable

22.39

10.74

Stainless Tankers ASA Quarterly Data
	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial			13.72	17.19	21.82	16.00	12.68

Competitive Comparison of Stainless Tankers ASA's Days Payable

For the Marine Shipping subindustry, Stainless Tankers ASA'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.

Stainless Tankers ASA's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stainless Tankers ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Stainless Tankers ASA's Days Payable falls into.

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Stainless Tankers ASA 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.

Stainless Tankers ASA's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (13.081	+	13.902)	/	2 )	/	458.567	*	365
=	13.4915					/	458.567	*	365
=	10.74

Stainless Tankers ASA's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (16.805	+	13.902)	/	2 )	/	110.51	*	365 / 4
=	15.3535					/	110.51	*	365 / 4
=	12.68

Stainless Tankers ASA Days Payable Related Terms

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Stainless Tankers ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stainless Tankers ASA (OSL:STST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZC0:Germany

Address

Henrik Ibsens gate 90, Oslo, NOR, 0255

Website

https://www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

Stainless Tankers ASA Headlines

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