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Nokia Oyj (NYSE:NOK)
Days Payable
110.03 (As of Sep. 2014)

Nokia Oyj's payable for the three months ended in Sep. 2014 was $2,869 Mil. Nokia Oyj's cost of goods sold for the three months ended in Sep. 2014 was $2,379 Mil. Hence, Nokia Oyj's days payable for the three months ended in Sep. 2014 was 110.03.

Nokia Oyj's days payable declined from Sep. 2013 (193.58) to Sep. 2014 (110.03). 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. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2526.74897119/10101.5089163*365
=91.30

Nokia Oyj's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2868.55670103/2378.86597938*365 / 4
=110.03

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 53.5857.4249.1076.5557.2165.1875.1673.96162.9791.30

Nokia Oyj Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 169.2273.970.00187.00184.14193.5884.13118.41120.98110.03
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