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GuruFocus has detected 2 Warning Signs with Nokia Oyj $NOK.
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Nokia Oyj (NYSE:NOK)
Days Payable
83.95 (As of Sep. 2016)

Nokia Oyj's payable for the three months ended in Sep. 2016 was $3,793 Mil. Nokia Oyj's cost of goods sold for the three months ended in Sep. 2016 was $4,123 Mil. Hence, Nokia Oyj's days payable for the three months ended in Sep. 2016 was 83.95.

NOK' s Days Payable Range Over the Past 10 Years
Min: 49.1   Max: 194
Current: 94.25

49.1
194

During the past 13 years, Nokia Oyj's highest Days Payable was 194.00. The lowest was 49.10. And the median was 85.25.

NOK's Days Payable is ranked higher than
75% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 58.11 vs. NOK: 94.25 )

Nokia Oyj's days payable declined from Sep. 2015 (91.36) to Sep. 2016 (83.95). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2080.61002179/7675.38126362*365
=98.94

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3793.49046016/4123.45679012*365 / 4
=83.95

* 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.

Nokia Oyj Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 49.1076.5557.2165.1875.16194.00162.9793.94123.1698.94

Nokia Oyj Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 120.71113.72101.67120.75111.1891.3690.9680.5689.6383.95
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