Toro (TORO) Days Payable : 39.20 (As of Dec. 2023)

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What is Toro Days Payable?

Toro's average Accounts Payable for the three months ended in Dec. 2023 was $3.43 Mil. Toro's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.98 Mil. Hence, Toro's Days Payable for the three months ended in Dec. 2023 was 39.20.

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

TORO' s Days Payable Range Over the Past 10 Years
Min: 6.34 Med: 6.41 Max: 32.86
Current: 32.86

During the past 3 years, Toro's highest Days Payable was 32.86. The lowest was 6.34. And the median was 6.41.

TORO's Days Payable is ranked worse than
57.98% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs TORO: 32.86

Toro's Days Payable increased from Dec. 2022 (18.55) to Dec. 2023 (39.20). It may suggest that Toro delayed paying its suppliers.

Toro Days Payable Historical Data

The historical data trend for Toro'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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Toro Days Payable Chart

Toro Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

6.34

6.41

24.82

Toro Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					18.55	24.48	36.07	39.15	39.20

Competitive Comparison of Toro's Days Payable

For the Marine Shipping subindustry, Toro'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.

Toro's Days Payable Distribution in the Transportation Industry

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

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

Toro 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.

Toro'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
=	( (1.643	+	3.188)	/	2 )	/	35.523	*	365
=	2.4155					/	35.523	*	365
=	24.82

Toro'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
=	( (3.664	+	3.188)	/	2 )	/	7.975	*	365 / 4
=	3.426					/	7.975	*	365 / 4
=	39.20

Toro Days Payable Related Terms

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Toro (TORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Toro Corp (NAS:TORO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

D0Y:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.torocorp.com

Toro Corp acquires, owns, charters, and operates oceangoing tanker vessels and provides worldwide seaborne transportation services for crude oil and refined petroleum products. It operates in two reportable segments: the Aframax tanker and Handysize tanker. The company generates maximum revenue from the Aframax tanker segment.