Teekay Tankers (Teekay Tankers) Days Payable : 21.18 (As of Dec. 2023)

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What is Teekay Tankers Days Payable?

Teekay Tankers's average Accounts Payable for the three months ended in Dec. 2023 was $46 Mil. Teekay Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $200 Mil. Hence, Teekay Tankers's Days Payable for the three months ended in Dec. 2023 was 21.18.

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

TNK' s Days Payable Range Over the Past 10 Years
Min: 4.13 Med: 15.43 Max: 29.33
Current: 19.96

During the past 13 years, Teekay Tankers's highest Days Payable was 29.33. The lowest was 4.13. And the median was 15.43.

TNK's Days Payable is ranked worse than
86.43% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs TNK: 19.96

Teekay Tankers's Days Payable increased from Dec. 2022 (17.58) to Dec. 2023 (21.18). It may suggest that Teekay Tankers delayed paying its suppliers.

Teekay Tankers Days Payable Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Days Payable Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.26

29.33

20.03

18.23

16.65

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															17.58	19.75	18.66	23.65	21.18

Competitive Comparison of Teekay Tankers's Days Payable

For the Oil & Gas Midstream subindustry, Teekay Tankers'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.

Teekay Tankers's Days Payable Distribution in the Oil & Gas Industry

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

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

Teekay Tankers 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.

Teekay Tankers'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
=	( (42.35	+	29.872)	/	2 )	/	791.718	*	365
=	36.111					/	791.718	*	365
=	16.65

Teekay Tankers's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (62.928	+	29.872)	/	2 )	/	199.889	*	365 / 4
=	46.4					/	199.889	*	365 / 4
=	21.18

Teekay Tankers Days Payable Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Days Payable

Comparable Companies

DHT LPG KNTK GLP GEL GLNG INSW HESM NS NVGS TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.