Dampskibsselskabet NORDEN A/S (OCSE:DNORD) Days Payable : 28.85 (As of Mar. 2024)

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What is Dampskibsselskabet NORDEN A/S Days Payable?

Dampskibsselskabet NORDEN A/S's average Accounts Payable for the three months ended in Mar. 2024 was kr1,915 Mil. Dampskibsselskabet NORDEN A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr6,057 Mil. Hence, Dampskibsselskabet NORDEN A/S's Days Payable for the three months ended in Mar. 2024 was 28.85.

The historical rank and industry rank for Dampskibsselskabet NORDEN A/S's Days Payable or its related term are showing as below:

OCSE:DNORD' s Days Payable Range Over the Past 10 Years
Min: 11.31 Med: 16.23 Max: 30.83
Current: 29.41

During the past 13 years, Dampskibsselskabet NORDEN A/S's highest Days Payable was 30.83. The lowest was 11.31. And the median was 16.23.

OCSE:DNORD's Days Payable is ranked worse than
64.89% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs OCSE:DNORD: 29.41

Dampskibsselskabet NORDEN A/S's Days Payable declined from Mar. 2023 (29.59) to Mar. 2024 (28.85). It may suggest that Dampskibsselskabet NORDEN A/S accelerated paying its suppliers.

Dampskibsselskabet NORDEN A/S Days Payable Historical Data

The historical data trend for Dampskibsselskabet NORDEN A/S'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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Dampskibsselskabet NORDEN A/S Days Payable Chart

Dampskibsselskabet NORDEN A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.31

20.03

19.82

20.27

30.83

Dampskibsselskabet NORDEN A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															29.59	27.97	28.20	30.27	28.85

Competitive Comparison of Dampskibsselskabet NORDEN A/S's Days Payable

For the Marine Shipping subindustry, Dampskibsselskabet NORDEN A/S'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.

Dampskibsselskabet NORDEN A/S's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dampskibsselskabet NORDEN A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Dampskibsselskabet NORDEN A/S's Days Payable falls into.

Dampskibsselskabet NORDEN A/S 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.

Dampskibsselskabet NORDEN A/S'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
=	( (1962.901	+	1789.351)	/	2 )	/	22208.316	*	365
=	1876.126					/	22208.316	*	365
=	30.83

Dampskibsselskabet NORDEN A/S's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1789.351	+	2040.105)	/	2 )	/	6056.517	*	365 / 4
=	1914.728					/	6056.517	*	365 / 4
=	28.85

Dampskibsselskabet NORDEN A/S Days Payable Related Terms

Thank you for viewing the detailed overview of Dampskibsselskabet NORDEN A/S's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Dampskibsselskabet NORDEN A/S (OCSE:DNORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dampskibsselskabet NORDEN A/S (OCSE:DNORD) » Definitions » Days Payable

Traded in Other Exchanges

DPBSF:USA 0HDP:UK D69:Germany

Address

52, Strandvejen, Hellerup, DNK, DK-2900

Website

https://www.norden.com

Dampskibsselskabet NORDEN A/S is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. Assets & Logistics is our business unit focusing on investments and Freight Services & Trading business unit is the combination of the dry operator and tanker operator business units. It generates maximum revenue from Freight Services & Trading.

Dampskibsselskabet NORDEN A/S (OCSE:DNORD) Headlines

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