Pacific Radiance (SGX:RXS) Days Payable : 87.32 (As of Dec. 2023)

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What is Pacific Radiance Days Payable?

Pacific Radiance's average Accounts Payable for the three months ended in Dec. 2023 was S$4.64 Mil. Pacific Radiance's Cost of Goods Sold for the three months ended in Dec. 2023 was S$4.85 Mil. Hence, Pacific Radiance's Days Payable for the three months ended in Dec. 2023 was 87.32.

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

SGX:RXS' s Days Payable Range Over the Past 10 Years
Min: 41.34 Med: 97.1 Max: 670.53
Current: 162.22

During the past 12 years, Pacific Radiance's highest Days Payable was 670.53. The lowest was 41.34. And the median was 97.10.

SGX:RXS's Days Payable is ranked better than
91.34% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs SGX:RXS: 162.22

Pacific Radiance's Days Payable declined from Dec. 2022 (280.37) to Dec. 2023 (87.32). It may suggest that Pacific Radiance accelerated paying its suppliers.

Pacific Radiance Days Payable Historical Data

The historical data trend for Pacific Radiance'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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Pacific Radiance Days Payable Chart

Pacific Radiance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.28

670.53

482.48

289.61

148.44

Pacific Radiance 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															280.37	247.50	174.79	122.03	87.32

Competitive Comparison of Pacific Radiance's Days Payable

For the Marine Shipping subindustry, Pacific Radiance'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.

Pacific Radiance's Days Payable Distribution in the Transportation Industry

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

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

Pacific Radiance 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.

Pacific Radiance'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
=	( (16.345	+	4.095)	/	2 )	/	25.13	*	365
=	10.22					/	25.13	*	365
=	148.44

Pacific Radiance'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
=	( (5.189	+	4.095)	/	2 )	/	4.851	*	365 / 4
=	4.642					/	4.851	*	365 / 4
=	87.32

Pacific Radiance Days Payable Related Terms

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Pacific Radiance (SGX:RXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Radiance Ltd (SGX:RXS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

15 Pandan Road, Singapore, SGP, 609263

Website

https://www.pacificradiance.com

Pacific Radiance Ltd owns and operates offshore vessels and provides subsea services, shipyard services, and marine equipment. It mainly offers logistics to the oil and gas industry. The company is organized into two main operating business divisions, the Ship Management business is engaged in managing, chartering and operating offshore vessels supporting the offshore oil and gas industry; and the Shipyard business engaged in the ship-repair maintenance activity. It derives most of the revenue from offshore support services business spread across Asia.

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