StealthGas Payables Turnover from 2010 to 2024

GASS Stock  USD 5.06  0.03  0.59%   
StealthGas Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover will likely drop to 6.42 in 2024. Payables Turnover is a liquidity ratio that shows how quickly StealthGas pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
9.31125584
Current Value
6.42
Quarterly Volatility
2.20176158
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check StealthGas financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among StealthGas' main balance sheet or income statement drivers, such as Depreciation And Amortization of 30.4 M, Interest Expense of 11.4 M or Selling General Administrative of 9.3 M, as well as many indicators such as Price To Sales Ratio of 1.59, Dividend Yield of 0.033 or PTB Ratio of 0.57. StealthGas financial statements analysis is a perfect complement when working with StealthGas Valuation or Volatility modules.
  
Check out the analysis of StealthGas Correlation against competitors.
For more information on how to buy StealthGas Stock please use our How to Invest in StealthGas guide.

Latest StealthGas' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of StealthGas over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. StealthGas' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in StealthGas' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

StealthGas Payables Turnover Regression Statistics

Arithmetic Mean7.65
Geometric Mean6.92
Coefficient Of Variation28.77
Mean Deviation1.40
Median7.82
Standard Deviation2.20
Sample Variance4.85
Range9.5372
R-Value0.34
Mean Square Error4.60
R-Squared0.12
Significance0.21
Slope0.17
Total Sum of Squares67.87

StealthGas Payables Turnover History

2024 6.42
2023 9.31
2022 6.76
2021 10.36
2020 7.15
2019 8.19
2018 8.78

About StealthGas Financial Statements

StealthGas shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although StealthGas investors may analyze each financial statement separately, they are all interrelated. The changes in StealthGas' assets and liabilities, for example, are also reflected in the revenues and expenses on on StealthGas' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 9.31  6.42 

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Additional Tools for StealthGas Stock Analysis

When running StealthGas' price analysis, check to measure StealthGas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy StealthGas is operating at the current time. Most of StealthGas' value examination focuses on studying past and present price action to predict the probability of StealthGas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move StealthGas' price. Additionally, you may evaluate how the addition of StealthGas to your portfolios can decrease your overall portfolio volatility.