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Novo Nordisk A/S (NYSE:NVO)
Days Payable
97.57 (As of Dec. 2015)

Novo Nordisk A/S's payable for the three months ended in Dec. 2015 was $719 Mil. Novo Nordisk A/S's cost of goods sold for the three months ended in Dec. 2015 was $672 Mil. Hence, Novo Nordisk A/S's days payable for the three months ended in Dec. 2015 was 97.57.

NVO' s Days Payable Range Over the Past 10 Years
Min: 65.17   Max: 124.07
Current: 111.09

65.17
124.07

During the past 13 years, Novo Nordisk A/S's highest Days Payable was 124.07. The lowest was 65.17. And the median was 93.12.

NVO's Days Payable is ranked higher than
68% of the 425 Companies
in the Global Biotechnology industry.

( Industry Median: 64.47 vs. NVO: 111.09 )

Novo Nordisk A/S's days payable declined from Dec. 2014 (112.95) to Dec. 2015 (97.57). It may suggest that Novo Nordisk A/S 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.

Novo Nordisk A/S'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
=718.955202101/2362.17714869*365
=111.09

Novo Nordisk A/S's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=718.955202101/672.40624544*365 / 4
=97.57

* 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.

Novo Nordisk A/S Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 65.1772.5482.2978.4090.8195.42104.61105.63124.07111.09

Novo Nordisk A/S Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 75.87109.8291.8874.2779.58112.9594.5592.9891.2097.57
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