Mermaid Maritime PCL (SGX:DU4) Days Payable : 92.90 (As of Mar. 2024)

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What is Mermaid Maritime PCL Days Payable?

Mermaid Maritime PCL's average Accounts Payable for the three months ended in Mar. 2024 was S$108.4 Mil. Mermaid Maritime PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was S$106.5 Mil. Hence, Mermaid Maritime PCL's Days Payable for the three months ended in Mar. 2024 was 92.90.

The historical rank and industry rank for Mermaid Maritime PCL's Days Payable or its related term are showing as below:

SGX:DU4' s Days Payable Range Over the Past 10 Years
Min: 16.42 Med: 40.37 Max: 104.28
Current: 92.05

During the past 13 years, Mermaid Maritime PCL's highest Days Payable was 104.28. The lowest was 16.42. And the median was 40.37.

SGX:DU4's Days Payable is ranked better than
64.11% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs SGX:DU4: 92.05

Mermaid Maritime PCL's Days Payable declined from Mar. 2023 (116.30) to Mar. 2024 (92.90). It may suggest that Mermaid Maritime PCL accelerated paying its suppliers.

Mermaid Maritime PCL Days Payable Historical Data

The historical data trend for Mermaid Maritime PCL'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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Mermaid Maritime PCL Days Payable Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

56.10

98.04

104.28

86.01

99.83

Mermaid Maritime PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															116.30	96.81	84.56	95.61	92.90

Competitive Comparison of Mermaid Maritime PCL's Days Payable

For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.

Mermaid Maritime PCL's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Mermaid Maritime PCL's Days Payable falls into.

Mermaid Maritime PCL 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.

Mermaid Maritime PCL'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
=	( (73.238	+	103.633)	/	2 )	/	323.349	*	365
=	88.4355					/	323.349	*	365
=	99.83

Mermaid Maritime PCL's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (103.633	+	113.173)	/	2 )	/	106.475	*	365 / 4
=	108.403					/	106.475	*	365 / 4
=	92.90

Mermaid Maritime PCL Days Payable Related Terms

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Mermaid Maritime PCL (SGX:DU4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mermaid Maritime PCL (SGX:DU4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

Mermaid Maritime PCL (SGX:DU4) Headlines

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