Harbor Star Shipping Services (PHS:TUGS) Days Payable: 124.15 (As of Mar. 2026) — 64% Above Median


PHS:TUGS Harbor Star Shipping Services Inc PHS:TUGS
56 GF Score
Price ₱0.84
GF Value ₱0.61
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Harbor Star Shipping Services Days Payable?

Harbor Star Shipping Services PHS:TUGS +2.44% 56 Days Payable is 124.15 as of Mar. 2026, which is 64% above its 10-year median of 75.62. GuruFocus rates PHS:TUGS with a GF Score™ of 56/100 and a GF Value™ of ₱0.61 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 972 Transportation companies, Harbor Star Shipping Services ranks better than 85.08% on this metric.

Harbor Star Shipping Services's average Accounts Payable for the three months ended in Mar. 2026 was ₱580 Mil. Harbor Star Shipping Services's Cost of Goods Sold for the three months ended in Mar. 2026 was ₱426 Mil. Hence, Harbor Star Shipping Services's Days Payable for the three months ended in Mar. 2026 was 124.15.

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

PHS:TUGS' s Days Payable Range Over the Past 10 Years
Min: 46.64   Med: 75.62   Max: 119.98
Current: 119.98

During the past 13 years, Harbor Star Shipping Services's highest Days Payable was 119.98. The lowest was 46.64. And the median was 75.62.

PHS:TUGS's Days Payable is ranked better than
85.08% of 972 companies
in the Transportation industry
Industry Median: 38.905 vs PHS:TUGS: 119.98

Harbor Star Shipping Services's Days Payable declined from Mar. 2025 (151.90) to Mar. 2026 (124.15). It may suggest that Harbor Star Shipping Services accelerated paying its suppliers.


Harbor Star Shipping Services Days Payable Historical Data

* Premium members only.

The historical data trend for Harbor Star Shipping 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.

Harbor Star Shipping Services Days Payable Chart

Harbor Star Shipping 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 78.71 81.31 85.34 89.62 104.40

Harbor Star Shipping Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 151.90 153.73 105.59 95.12 124.15

Harbor Star Shipping Services Days Payable Competitor Comparison

For the Marine Shipping subindustry, Harbor Star Shipping 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.


Harbor Star Shipping Services Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Harbor Star Shipping Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Harbor Star Shipping Services's Days Payable falls into.


PHS:TUGS
56GF Score
Harbor Star Shipping Services Inc PHS:TUGS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbor Star Shipping 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.

Harbor Star Shipping 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
=( (612.185 + 584.135) / 2 ) / 2091.256*365
=598.16 / 2091.256*365
=104.40

Harbor Star Shipping Services's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (584.135 + 575.135) / 2 ) / 426.041*365 / 4
=579.635 / 426.041*365 / 4
=124.15

* 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 124.15 mean?
Harbor Star Shipping Services (PHS:TUGS) has a Days Payable of 124.15 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Harbor Star Shipping Services and its competitors. This is 64% above median its historical median of 75.62. Over the past decade, Harbor Star Shipping Services' Days Payable has ranged from 46.64 to 119.98. According to the industry distribution chart, Harbor Star Shipping Services ranks #145 out of 972 companies in the Transportation industry, placing it in the top 14.9%.
Is Harbor Star Shipping Services' Days Payable too high?
Harbor Star Shipping Services' current Days Payable of 124.15 is 64% above median its 10-year median of 75.62. Over the past 10 years, this metric has ranged from a low of 46.64 to a high of 119.98. The Transportation industry median Days Payable is 38.91. Harbor Star Shipping Services' value of 124.15 is 219.1% above this industry median. Based on the distribution chart, Harbor Star Shipping Services ranks #145 out of 972 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Harbor Star Shipping Services has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Star Shipping Services' Days Payable compare to competitors?
According to the Transportation industry distribution chart, Harbor Star Shipping Services ranks #145 out of 972 companies for Days Payable. This places Harbor Star Shipping Services in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 38.91. Harbor Star Shipping Services' value of 124.15 is 219.1% above this benchmark. Historically, Harbor Star Shipping Services' own Days Payable has ranged from 46.64 to 119.98 over the past decade. While the company's 10-year median is 75.62 vs. the industry median of 38.91, Harbor Star Shipping 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 a Transportation company?
The median Days Payable among Transportation companies is 38.91, based on 972 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. Harbor Star Shipping Services's current Days Payable of 124.15 is 219.1% 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 Harbor Star Shipping Services and its competitors. For the Transportation industry, the median Days Payable is 38.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbor Star Shipping Services's current Days Payable is 124.15, which is 64% above median its own 10-year median of 75.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Star Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, Harbor Star Shipping Services (PHS:TUGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱0.84 — trading 37.7% above its estimated fair value. The current Days Payable is 124.15, which is 64% above median its 10-year median of 75.62 and 219.1% above the Transportation industry median of 38.91. Harbor Star Shipping Services' overall GF Score™ is 56/100 with 7 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 Harbor Star Shipping Services (PHS:TUGS), the current Days Payable is 124.15 as of Mar. 2026. 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 Harbor Star Shipping Services (PHS:TUGS) Overvalued in 2026?

Based on GuruFocus' analysis, Harbor Star Shipping Services stock appears to be overvalued. The current stock price of ₱0.84 is trading 37.7% above its estimated GF Value™ of ₱0.61. GuruFocus considers Harbor Star Shipping Services to be Significantly Overvalued.

Key valuation signals for PHS:TUGS:

  • Days Payable: 124.15 (64% above median its 10-year median of 75.62)
  • GF Value™: ₱0.61 vs. price of ₱0.84 (37.7% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 219.1% above the Transportation median (#145 of 972)

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


Harbor Star Shipping Services Business Description

Address 2224 A. Bonifacio Street corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving, and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments: Harbor assistance and Renewable energy. It generates maximum revenue from the Harbor assistance segment.
56GF Score

Get the complete analysis for PHS:TUGS

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

₱0.84
Price
₱0.61
GF Value