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Noble Corp PLC (NYSE:NE)
Days Payable
65.04 (As of Dec. 2015)

Noble Corp PLC's payable for the three months ended in Dec. 2015 was $223 Mil. Noble Corp PLC's cost of goods sold for the three months ended in Dec. 2015 was $313 Mil. Hence, Noble Corp PLC's days payable for the three months ended in Dec. 2015 was 65.04.

NE' s Days Payable Range Over the Past 10 Years
Min: 59.32   Max: 108.64
Current: 62.54

59.32
108.64

During the past 13 years, Noble Corp PLC's highest Days Payable was 108.64. The lowest was 59.32. And the median was 65.83.

NE's Days Payable is ranked higher than
75% of the 53 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 40.27 vs. NE: 62.54 )

Noble Corp PLC's days payable increased from Dec. 2014 (59.86) to Dec. 2015 (65.04). It may suggest that Noble Corp PLC 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.

Noble Corp PLC'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
=223.221/1302.805*365
=62.54

Noble Corp PLC's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=223.221/313.189*365 / 4
=65.04

* 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.

Noble Corp PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 80.9864.1383.4165.01108.64107.7866.6559.3261.8262.54

Noble Corp PLC Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 96.6291.4978.8785.9361.2059.8665.8059.7261.0365.04
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