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National Oilwell Varco Inc (NYSE:NOV)
Days Payable
21.91 (As of Mar. 2016)

National Oilwell Varco Inc's payable for the three months ended in Mar. 2016 was $467 Mil. National Oilwell Varco Inc's cost of goods sold for the three months ended in Mar. 2016 was $1,945 Mil. Hence, National Oilwell Varco Inc's days payable for the three months ended in Mar. 2016 was 21.91.

NOV' s Days Payable Range Over the Past 10 Years
Min: 26.78   Max: 117.5
Current: 17.1

26.78
117.5

During the past 13 years, National Oilwell Varco Inc's highest Days Payable was 117.50. The lowest was 26.78. And the median was 58.01.

NOV's Days Payable is ranked lower than
87% of the 178 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 40.43 vs. NOV: 17.10 )

National Oilwell Varco Inc's days payable declined from Mar. 2015 (24.75) to Mar. 2016 (21.91). It may suggest that National Oilwell Varco Inc 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.

National Oilwell Varco Inc'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
=1189/15631*365
=27.76

National Oilwell Varco Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=467/1945*365 / 4
=21.91

* 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.

National Oilwell Varco Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 74.15104.91117.5068.4427.5432.3759.3126.7827.7619.45

National Oilwell Varco Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 24.8928.9728.2928.3026.0324.7525.3125.3224.3621.91
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