TORM (TRMD) Days Payable : 25.98 (As of Sep. 2024)

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What is TORM Days Payable?

TORM's average Accounts Payable for the three months ended in Sep. 2024 was $44 Mil. TORM's Cost of Goods Sold for the three months ended in Sep. 2024 was $155 Mil. Hence, TORM's Days Payable for the three months ended in Sep. 2024 was 25.98.

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

TRMD' s Days Payable Range Over the Past 10 Years
Min: 23.89 Med: 27.58 Max: 88.68
Current: 25.58

During the past 13 years, TORM's highest Days Payable was 88.68. The lowest was 23.89. And the median was 27.58.

TRMD's Days Payable is ranked worse than
81.46% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TRMD: 25.58

TORM's Days Payable increased from Sep. 2023 (25.31) to Sep. 2024 (25.98). It may suggest that TORM delayed paying its suppliers.

TORM Days Payable Historical Data

The historical data trend for TORM'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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TORM Days Payable Chart

TORM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.72

32.07

24.39

25.56

28.83

TORM Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															25.31	25.32	24.88	25.86	25.98

Competitive Comparison of TORM's Days Payable

For the Oil & Gas Midstream subindustry, TORM'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.

TORM's Days Payable Distribution in the Oil & Gas Industry

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

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

TORM 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.

TORM'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
=	( (48.502	+	43.053)	/	2 )	/	579.624	*	365
=	45.7775					/	579.624	*	365
=	28.83

TORM's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (47.4	+	41.1)	/	2 )	/	155.4	*	365 / 4
=	44.25					/	155.4	*	365 / 4
=	25.98

TORM Days Payable Related Terms

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TORM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (NAS:TRMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRMDAc:UK 0RG4:UK TRMD A:Denmark 1T4:Germany 1T4:Germany

Address

20 Street Dunstan's Hill, OFFICE 105, London, GBR, EC3R 8HL

Website

https://www.torm.com

TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.