Noble Group (Noble Group) Days Payable : 33.32 (As of Sep. 2018)

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What is Noble Group Days Payable?

Noble Group's average Accounts Payable for the three months ended in Sep. 2018 was $424 Mil. Noble Group's Cost of Goods Sold for the three months ended in Sep. 2018 was $1,161 Mil. Hence, Noble Group's Days Payable for the three months ended in Sep. 2018 was 33.32.

The historical rank and industry rank for Noble Group's Days Payable or its related term are showing as below:

NOBGY's Days Payable is not ranked ^*
in the Conglomerates industry.
Industry Median: 58.265
* Ranked among companies with meaningful Days Payable only.

Noble Group's Days Payable declined from Sep. 2017 (62.18) to Sep. 2018 (33.32). It may suggest that Noble Group accelerated paying its suppliers.

Noble Group Days Payable Historical Data

The historical data trend for Noble Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Noble Group Days Payable Chart

Noble Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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22.12

25.35

28.50

139.55

59.11

Noble Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															62.18	16.07	30.22	40.49	33.32

Competitive Comparison of Noble Group's Days Payable

For the Conglomerates subindustry, Noble Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Noble Group's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Noble Group's Days Payable falls into.

Noble Group Days Payable Calculation

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

Noble Group's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (2504.43	+	371.898)	/	2 )	/	8879.817	*	365
=	1438.164					/	8879.817	*	365
=	59.11

Noble Group's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (466.843	+	380.969)	/	2 )	/	1160.755	*	365 / 4
=	423.906					/	1160.755	*	365 / 4
=	33.32

Noble Group Days Payable Related Terms

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Noble Group (Noble Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noble Group Ltd (OTCPK:NOBGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Gloucester Road, 18th Floor, Mass Mutual Tower, China Evergrande Centre, Hong Kong, HKG

Website

http://www.thisisnoble.com

Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.

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