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National Oilwell Varco Inc (NYSE:NOV)
Days Payable
23.45 (As of Jun. 2016)

National Oilwell Varco Inc's payable for the three months ended in Jun. 2016 was $434 Mil. National Oilwell Varco Inc's cost of goods sold for the three months ended in Jun. 2016 was $1,689 Mil. Hence, National Oilwell Varco Inc's days payable for the three months ended in Jun. 2016 was 23.45.

NOV' s Days Payable Range Over the Past 10 Years
Min: 18.42   Max: 117.51
Current: 18.42

18.42
117.51

During the past 13 years, National Oilwell Varco Inc's highest Days Payable was 117.51. The lowest was 18.42. And the median was 49.75.

NOV's Days Payable is ranked lower than
85% of the 151 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 44.18 vs. NOV: 18.42 )

National Oilwell Varco Inc's days payable declined from Jun. 2015 (25.31) to Jun. 2016 (23.45). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=623/11694*365
=19.45

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=434/1689*365 / 4
=23.45

* 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 74.15104.91117.5168.4427.5463.4436.0532.9727.7619.45

National Oilwell Varco Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 35.2728.2928.3026.0324.7525.3125.3224.3621.9123.45
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