Box Ships (Box Ships) Days Payable : 5.77 (As of Dec. 2015)

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What is Box Ships Days Payable?

Box Ships's average Accounts Payable for the three months ended in Dec. 2015 was $1.31 Mil. Box Ships's Cost of Goods Sold for the three months ended in Dec. 2015 was $20.80 Mil. Hence, Box Ships's Days Payable for the three months ended in Dec. 2015 was 5.77.

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

TEUFF's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 38.5
* Ranked among companies with meaningful Days Payable only.

Box Ships's Days Payable declined from Dec. 2014 (8.80) to Dec. 2015 (5.77). It may suggest that Box Ships accelerated paying its suppliers.

Box Ships Days Payable Historical Data

The historical data trend for Box Ships'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.

* Premium members only.

Box Ships Days Payable Chart

Box Ships Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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27.42

27.52

14.64

16.28

12.32

Box Ships 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															37.96	-	-	5.77	-

Competitive Comparison of Box Ships's Days Payable

For the Marine Shipping subindustry, Box Ships'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.

Box Ships's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Box Ships's Days Payable falls into.

Box Ships 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.

Box Ships'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
=	( (1.314	+	0.247)	/	2 )	/	23.119	*	365
=	0.7805					/	23.119	*	365
=	12.32

Box Ships's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

	Days Payable (Q: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2015 )	+	Accounts Payable (Q: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
=	( (0	+	1.314)	/	1 )	/	20.798	*	365 / 4
=	1.314					/	20.798	*	365 / 4
=	5.77

Box Ships Days Payable Related Terms

Thank you for viewing the detailed overview of Box Ships's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Box Ships (Box Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Box Ships Inc (OTCPK:TEUFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Karamanli Avenue, Voula, GRC, GR 16673

Website

http://www.box-ships.com

Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships (Box Ships) Headlines

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