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Noble Corp PLC (NYSE:NE)
Days Payable
48.25 (As of Sep. 2016)

Noble Corp PLC's payable for the three months ended in Sep. 2016 was $114 Mil. Noble Corp PLC's cost of goods sold for the three months ended in Sep. 2016 was $216 Mil. Hence, Noble Corp PLC's days payable for the three months ended in Sep. 2016 was 48.25.

NE' s Days Payable Range Over the Past 10 Years
Min: 39.57   Max: 121.98
Current: 39.57

39.57
121.98

During the past 13 years, Noble Corp PLC's highest Days Payable was 121.98. The lowest was 39.57. And the median was 82.20.

NE's Days Payable is ranked lower than
58% of the 40 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 40.38 vs. NE: 39.57 )

Noble Corp PLC's days payable declined from Sep. 2015 (61.03) to Sep. 2016 (48.25). It may suggest that Noble Corp PLC 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.

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 Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=114.392/216.346*365 / 4
=48.25

* 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.

Noble Corp PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 80.9864.1383.4165.01108.64107.78121.98102.9761.8262.54

Noble Corp PLC Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 85.9361.2059.8665.8059.7261.0365.0448.8148.9548.25
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