Okeanis Eco Tankers (Okeanis Eco Tankers) Days Payable : 41.83 (As of Dec. 2023)

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What is Okeanis Eco Tankers Days Payable?

Okeanis Eco Tankers's average Accounts Payable for the three months ended in Dec. 2023 was $24.3 Mil. Okeanis Eco Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $53.1 Mil. Hence, Okeanis Eco Tankers's Days Payable for the three months ended in Dec. 2023 was 41.83.

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

ECO' s Days Payable Range Over the Past 10 Years
Min: 32.45 Med: 45.17 Max: 50
Current: 38.78

During the past 6 years, Okeanis Eco Tankers's highest Days Payable was 50.00. The lowest was 32.45. And the median was 45.17.

ECO's Days Payable is ranked worse than
50.48% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs ECO: 38.78

Okeanis Eco Tankers's Days Payable increased from Dec. 2022 (30.66) to Dec. 2023 (41.83). It may suggest that Okeanis Eco Tankers delayed paying its suppliers.

Okeanis Eco Tankers Days Payable Historical Data

The historical data trend for Okeanis Eco 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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Okeanis Eco Tankers Days Payable Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.74

44.46

49.39

34.25

33.60

Okeanis Eco 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															30.66	33.42	40.90	44.56	41.83

Competitive Comparison of Okeanis Eco Tankers's Days Payable

For the Marine Shipping subindustry, Okeanis Eco 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.

Okeanis Eco Tankers's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Days Payable distribution charts can be found below:

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

Okeanis Eco 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.

Okeanis Eco 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
=	( (11.772	+	23.523)	/	2 )	/	191.685	*	365
=	17.6475					/	191.685	*	365
=	33.60

Okeanis Eco 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
=	( (25.131	+	23.523)	/	2 )	/	53.066	*	365 / 4
=	24.327					/	53.066	*	365 / 4
=	41.83

Okeanis Eco Tankers Days Payable Related Terms

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Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.