Himalaya Shipping (OSTO:HSHIPO) Days Payable : 18.76 (As of Dec. 2023)

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What is Himalaya Shipping Days Payable?

Himalaya Shipping's average Accounts Payable for the three months ended in Dec. 2023 was kr16.1 Mil. Himalaya Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was kr78.1 Mil. Hence, Himalaya Shipping's Days Payable for the three months ended in Dec. 2023 was 18.76.

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

OSTO:HSHIPO' s Days Payable Range Over the Past 10 Years
Min: 101.13 Med: 156.28 Max: 156.28
Current: 101.13

During the past 3 years, Himalaya Shipping's highest Days Payable was 156.28. The lowest was 101.13. And the median was 156.28.

OSTO:HSHIPO's Days Payable is ranked better than
82.85% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs OSTO:HSHIPO: 101.13

Himalaya Shipping's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (18.76). It may suggest that Himalaya Shipping delayed paying its suppliers.

Himalaya Shipping Days Payable Historical Data

The historical data trend for Himalaya 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.

* Premium members only.

Himalaya Shipping Days Payable Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

156.28

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	-	187.38	29.94	18.76

Competitive Comparison of Himalaya Shipping's Days Payable

For the Marine Shipping subindustry, Himalaya 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.

Himalaya Shipping's Days Payable Distribution in the Transportation Industry

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

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

Himalaya 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.

Himalaya 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
=	( (147.134	+	17.86)	/	2 )	/	192.674	*	365
=	82.497					/	192.674	*	365
=	156.28

Himalaya 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
=	( (14.242	+	17.86)	/	2 )	/	78.055	*	365 / 4
=	16.051					/	78.055	*	365 / 4
=	18.76

Himalaya Shipping Days Payable Related Terms

Thank you for viewing the detailed overview of Himalaya Shipping's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Himalaya Shipping (OSTO:HSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » Days Payable

Traded in Other Exchanges

HSHP:USA HSHP:Norway J1X:Germany

Address

19 Par-la-Ville Road, 1st Floor, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

Himalaya Shipping (OSTO:HSHIPO) Headlines

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