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Nabors Industries Ltd (NYSE:NBR)
Days Payable
53.37 (As of Jun. 2016)

Nabors Industries Ltd's payable for the three months ended in Jun. 2016 was $200 Mil. Nabors Industries Ltd's cost of goods sold for the three months ended in Jun. 2016 was $341 Mil. Hence, Nabors Industries Ltd's days payable for the three months ended in Jun. 2016 was 53.37.

NBR' s Days Payable Range Over the Past 10 Years
Min: 41.29   Max: 76.42
Current: 43.64

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
53% of the 45 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 36.57 vs. NBR: 43.64 )

Nabors Industries Ltd's days payable declined from Jun. 2015 (67.81) to Jun. 2016 (53.37). It may suggest that Nabors Industries Ltd accelerated 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 Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=199.619/341.279*365 / 4
=53.37

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Nabors Industries Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 66.7446.0249.8641.2954.0276.4241.7150.0163.2041.86

Nabors Industries Ltd Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 54.2352.8653.5759.5739.9967.8153.2655.7662.5253.37
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