PRGNF (Paragon Shipping) Days Payable: 0.00 (As of Dec. 2016)


What is Paragon Shipping Days Payable?

Paragon Shipping PRGNF -99.00% Days Payable is 0.00 as of Dec. 2016.

Paragon Shipping's average Accounts Payable for the three months ended in Dec. 2016 was $1.68 Mil. Paragon Shipping's Cost of Goods Sold for the three months ended in Dec. 2016 was $0.00 Mil.

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

PRGNF's Days Payable is not ranked *
in the Transportation industry.
Industry Median: 38.985
* Ranked among companies with meaningful Days Payable only.

Paragon Shipping's Days Payable declined from Mar. 2015 (27.46) to Dec. 2016 (0.00). It may suggest that Paragon Shipping accelerated paying its suppliers.

Paragon Shipping Days Payable Historical Data

* Premium members only.

The historical data trend for Paragon Shipping'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.

Paragon Shipping Days Payable Chart

Paragon Shipping Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.77 32.21 15.80 20.69 143.88

Paragon Shipping Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Dec16
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 27.46 31.79 31.84 9.17 0.00

PRGNF vs CTRM, GLBS, TOPS: Days Payable Comparison

For the Marine Shipping subindustry, Paragon Shipping'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.

Paragon Shipping Days Payable vs Transportation Industry

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

* The bar in red indicates where Paragon Shipping's Days Payable falls into.


Paragon Shipping 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.

Paragon Shipping's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (2.818 + 0.535) / 2 ) / 4.253*365
=1.6765 / 4.253*365
=143.88

Paragon Shipping's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable (Q: Dec. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2015 ) + Accounts Payable (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (2.818 + 0.535) / 2 ) / 0*365 / 4
=1.6765 / 0*365 / 4
=N/A

* 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 0.00 mean?
Paragon Shipping (PRGNF) has a Days Payable of 0.00 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Paragon Shipping and its competitors.
Is Paragon Shipping's Days Payable too high?
Paragon Shipping's current Days Payable is 0.00.
How does Paragon Shipping's Days Payable compare to CTRM and GLBS?
Paragon Shipping's Days Payable of 0.00 can be compared against companies in the Transportation industry. The industry median Days Payable is 38.99. 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 38.99, based on 964 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. 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 Paragon Shipping and its competitors. For the Transportation industry, the median Days Payable is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paragon Shipping's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Shipping stock overvalued right now?
Paragon Shipping (PRGNF) has a current Days Payable of 0.00. The current Days Payable is 0.00. 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 Paragon Shipping (PRGNF), the current Days Payable is 0.00 as of Dec. 2016. 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.

Paragon Shipping Business Description

Address 15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.