TOP ShipsTOPS +1.80%49 Days Payable is 24.99 as of Dec. 2025, which is 9% below its 10-year median of 27.60. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 849 Oil & Gas companies, TOP Ships ranks worse than 78.8% on this metric.
TOP Ships's average Accounts Payable for the
six
months ended in Dec. 2025 was $4.13 Mil. TOP Ships's Cost of Goods Sold for the
six
months ended in Dec. 2025 was $30.18 Mil.
Hence, TOP Ships's Days Payable for the
six
months ended in Dec. 2025 was 24.99.
The historical rank and industry rank for TOP Ships's Days Payable or its related term are showing as below:
TOPS'
s Days Payable Range Over the Past 10 Years
Min: 11.97 Med: 27.6 Max: 56.78
Current: 28.23
During the past 13 years, TOP Ships's highest Days Payable was 56.78. The lowest was 11.97. And the median was 27.60.
TOPS's Days Payable is ranked worse than 78.8% of 849
companies
in the Oil & Gas industry
Industry Median: 57.95
vs TOPS: 28.23
TOP Ships's Days Payable
increased
from Dec. 2024 (9.02) to Dec. 2025 (24.99).
It may suggest that TOP Shipsdelayed paying its suppliers.
TOP Ships Days Payable Related Terms
TOP Ships Days Payable Historical Data
* Premium members only.
The historical data trend for TOP 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.
TOPS vs RBNE, CWPE, MARPS: Days Payable Comparison
For the Oil & Gas Midstream subindustry, TOP 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.
TOP Ships Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's Days Payable distribution charts can be found below:
* The bar in red indicates where TOP Ships's Days Payable falls into.
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.
TOP Ships's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
TOP Ships (TOPS) has a Days Payable of 24.99 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TOP Ships and its competitors. This is near median its historical median of 27.60. Over the past decade, TOP Ships' Days Payable has ranged from 11.97 to 56.78. According to the industry distribution chart, TOP Ships ranks #669 out of 849 companies in the Oil & Gas industry, placing it in the top 78.8%.
Is TOP Ships' Days Payable too high?
TOP Ships' current Days Payable of 24.99 is near median its 10-year median of 27.60. Over the past 10 years, this metric has ranged from a low of 11.97 to a high of 56.78. The Oil & Gas industry median Days Payable is 57.95. TOP Ships' value of 24.99 is 56.9% below this industry median. Based on the distribution chart, TOP Ships ranks #669 out of 849 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TOP Ships has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' Days Payable compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #669 out of 849 companies for Days Payable. This places TOP Ships in the lower half of its industry. The industry median Days Payable is 57.95. TOP Ships' value of 24.99 is 56.9% below this benchmark. Historically, TOP Ships' own Days Payable has ranged from 11.97 to 56.78 over the past decade. While the company's 10-year median is 27.60 vs. the industry median of 57.95, TOP Ships has consistently been below 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 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. TOP Ships's current Days Payable of 24.99 is 56.9% below 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 TOP Ships and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current Days Payable is 24.99, which is near median its own 10-year median of 27.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.24, compared to a current price of $0.91 — trading 78.6% below its estimated fair value. The current Days Payable is 24.99, which is near median its 10-year median of 27.60 and 56.9% below the Oil & Gas industry median of 57.95. TOP Ships' overall GF Score™ is 49/100 with 6 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 TOP Ships (TOPS), the current Days Payable is 24.99 as of Dec. 2025. 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 TOP Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.91 is trading 78.6% below its estimated GF Value™ of $4.24.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
Days Payable: 24.99 (near median its 10-year median of 27.60)
GF Value™: $4.24 vs. price of $0.91 (78.6% below fair value)
Industry Position: 56.9% below the Oil & Gas median (#669 of 849)
No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
49GF Score
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