Ardmore Shipping (Ardmore Shipping) Days Payable : 9.83 (As of Dec. 2023)

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What is Ardmore Shipping Days Payable?

Ardmore Shipping's average Accounts Payable for the three months ended in Dec. 2023 was $4.6 Mil. Ardmore Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.0 Mil. Hence, Ardmore Shipping's Days Payable for the three months ended in Dec. 2023 was 9.83.

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

ASC' s Days Payable Range Over the Past 10 Years
Min: 11.69 Med: 29.98 Max: 92.16
Current: 12.03

During the past 13 years, Ardmore Shipping's highest Days Payable was 92.16. The lowest was 11.69. And the median was 29.98.

ASC's Days Payable is ranked worse than
90.78% of 933 companies
in the Transportation industry
Industry Median: 38.97 vs ASC: 12.03

Ardmore Shipping's Days Payable declined from Dec. 2022 (14.66) to Dec. 2023 (9.83). It may suggest that Ardmore Shipping accelerated paying its suppliers.

Ardmore Shipping Days Payable Historical Data

The historical data trend for Ardmore Shipping'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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Ardmore Shipping Days Payable Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.03

22.26

26.14

16.69

11.69

Ardmore Shipping 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															14.66	12.00	11.04	15.83	9.83

Competitive Comparison of Ardmore Shipping's Days Payable

For the Marine Shipping subindustry, Ardmore Shipping'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.

Ardmore Shipping's Days Payable Distribution in the Transportation Industry

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

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

Ardmore Shipping 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.

Ardmore Shipping'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
=	( (8.814	+	2.016)	/	2 )	/	169.101	*	365
=	5.415					/	169.101	*	365
=	11.69

Ardmore Shipping'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
=	( (7.258	+	2.016)	/	2 )	/	43.031	*	365 / 4
=	4.637					/	43.031	*	365 / 4
=	9.83

Ardmore Shipping Days Payable Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.