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National Oilwell Varco Inc (NYSE:NOV)
Days Payable
29.54 (As of Mar. 2014)

National Oilwell Varco Inc's payable for the three months ended in Mar. 2014 was $1,875 Mil. National Oilwell Varco Inc's revenue for the three months ended in Mar. 2014 was $5,777 Mil. Hence, National Oilwell Varco Inc's days payable for the three months ended in Mar. 2014 was 29.54.

National Oilwell Varco Inc's days payable increased from Mar. 2013 (28.96) to Mar. 2014 (29.54). 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
=3602/23915*365
=54.98

National Oilwell Varco Inc's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1875/5777*91
=29.54

* 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 64.2044.6555.5774.5888.1323.2632.9161.6349.9854.98

National Oilwell Varco Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 35.0648.9644.4143.9228.9622.9247.4450.5229.5424.90
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