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Nabors Industries Ltd (NYSE:NBR)
Days Payable
256.84 (As of Sep. 2016)

Nabors Industries Ltd's payable for the six months ended in Sep. 2016 was $216 Mil. Nabors Industries Ltd's cost of goods sold for the six months ended in Sep. 2016 was $306 Mil. Hence, Nabors Industries Ltd's days payable for the six months ended in Sep. 2016 was 128.42.

NBR' s Days Payable Range Over the Past 10 Years
Min: 41.29   Max: 76.42
Current: 53.99

41.29
76.42

During the past 13 years, Nabors Industries Ltd's highest Days Payable was 76.42. The lowest was 41.29. And the median was 49.94.

NBR's Days Payable is ranked higher than
62% of the 40 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 40.38 vs. NBR: 53.99 )

Nabors Industries Ltd's days payable increased from Mar. 2016 (250.06) to Sep. 2016 (256.84). It may suggest that Nabors Industries Ltd delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nabors Industries Ltd's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=271.984/2371.436*365
=41.86

Nabors Industries Ltd's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=215.627/306.436*365 / 2
=128.42

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nabors Industries Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 66.7446.0249.8641.2954.0276.4241.7150.0163.2041.86

Nabors Industries Ltd Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 211.45214.29238.29159.97271.26213.02223.02250.06213.49256.84
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