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National Oilwell Varco, Inc. (NYSE:NOV)
Days Payable
29.77 (As of Dec. 2013)

National Oilwell Varco, Inc.'s payable for the three months ended in Dec. 2013 was $2,019 Mil. National Oilwell Varco, Inc.'s revenue for the three months ended in Dec. 2013 was $6,172 Mil. Hence, National Oilwell Varco, Inc.'s days payable for the three months ended in Dec. 2013 was 29.77.

National Oilwell Varco, Inc.'s days payable increased from Dec. 2012 (27.29) to Dec. 2013 (29.77). It may suggest that National Oilwell Varco, Inc. delayed 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=2019/22869*365
=32.22

National Oilwell Varco, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=2019/6172*91
=29.77

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 64.2044.6555.5774.5888.1354.5548.2564.5931.0532.22

National Oilwell Varco, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 58.5755.4257.1850.9228.6127.2947.7044.9149.1229.77
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