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GuruFocus has detected 3 Warning Signs with National Oilwell Varco Inc $NOV.
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National Oilwell Varco Inc (NYSE:NOV)
Days Payable
17.56 (As of Dec. 2016)

National Oilwell Varco Inc's payable for the three months ended in Dec. 2016 was $414 Mil. National Oilwell Varco Inc's cost of goods sold for the three months ended in Dec. 2016 was $2,151 Mil. Hence, National Oilwell Varco Inc's days payable for the three months ended in Dec. 2016 was 17.56.

NOV' s Days Payable Range Over the Past 10 Years
Min: 19.45   Max: 117.51
Current: 20.55

19.45
117.51

During the past 13 years, National Oilwell Varco Inc's highest Days Payable was 117.51. The lowest was 19.45. And the median was 30.37.

NOV's Days Payable is ranked lower than
83% of the 150 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 48.46 vs. NOV: 20.55 )

National Oilwell Varco Inc's days payable declined from Dec. 2015 (24.36) to Dec. 2016 (17.56). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=414/7352*365
=20.55

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=414/2151*365 / 4
=17.56

* 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.

National Oilwell Varco Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 104.91117.5123.8827.5463.4436.0532.9727.7619.4520.55

National Oilwell Varco Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 28.3026.0324.7525.3125.3224.3621.9123.4523.0617.56
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