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Nokia Oyj (NYSE:NOK)
Days Payable
80.56 (As of Mar. 2016)

Nokia Oyj's payable for the three months ended in Mar. 2016 was $3,879 Mil. Nokia Oyj's cost of goods sold for the three months ended in Mar. 2016 was $4,393 Mil. Hence, Nokia Oyj's days payable for the three months ended in Mar. 2016 was 80.56.

NOK' s Days Payable Range Over the Past 10 Years
Min: 49.1   Max: 119.01
Current: 137.1

49.1
119.01

During the past 13 years, Nokia Oyj's highest Days Payable was 119.01. The lowest was 49.10. And the median was 73.74.

NOK's Days Payable is ranked higher than
88% of the 445 Companies
in the Global Communication Equipment industry.

( Industry Median: 59.08 vs. NOK: 137.10 )

Nokia Oyj's days payable declined from Mar. 2015 (120.75) to Mar. 2016 (80.56). It may suggest that Nokia Oyj 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.

Nokia Oyj's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2852.03452528/8747.22564735*365
=119.01

Nokia Oyj's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3878.61915367/4393.09576837*365 / 4
=80.56

* 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.

Nokia Oyj Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 49.1076.4957.0765.1875.1673.8573.6291.30119.0198.94

Nokia Oyj Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 93.85118.17120.71113.72101.67120.75104.6090.4190.9680.56
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