Novo Nordisk A/S (Novo Nordisk A/S) Days Payable

: 206.26 (As of Dec. 2023)

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Novo Nordisk A/S's average Accounts Payable for the three months ended in Dec. 2023 was $3,312 Mil. Novo Nordisk A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,465 Mil. Hence, Novo Nordisk A/S's Days Payable for the three months ended in Dec. 2023 was 206.26.

The historical rank and industry rank for Novo Nordisk A/S's Days Payable or its related term are showing as below:

NVO' s Days Payable Range Over the Past 10 Years
Min: 105.28 Med: 117.66 Max: 210.2
Current: 181.94

During the past 13 years, Novo Nordisk A/S's highest Days Payable was 210.20. The lowest was 105.28. And the median was 117.66.

NVO's Days Payable is ranked better than
55.76% of 712 companies
in the Biotechnology industry
Industry Median: 144.69 vs NVO: 181.94

Novo Nordisk A/S's Days Payable increased from Dec. 2022 (128.95) to Dec. 2023 (206.26). It may suggest that Novo Nordisk A/S delayed paying its suppliers.

Novo Nordisk A/S Days Payable Historical Data

The historical data trend for Novo Nordisk A/S's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novo Nordisk A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

120.69

100.27

115.88

160.72

208.07

Novo Nordisk A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																128.95	142.08	161.00	179.41	206.26

Competitive Comparison

For the Biotechnology subindustry, Novo Nordisk A/S's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novo Nordisk A/S Days Payable Distribution

For the Biotechnology industry and Healthcare sector, Novo Nordisk A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Novo Nordisk A/S's Days Payable falls into.

Novo Nordisk A/S Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold 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. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2219.454	+	3746.415)	/	2 )	/	5232.779	*	365
=	2982.9345					/	5232.779	*	365
=	208.07

Novo Nordisk A/S's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2877.342	+	3746.415)	/	2 )	/	1465.149	*	365 / 4
=	3311.8785					/	1465.149	*	365 / 4
=	206.26

Novo Nordisk A/S Days Payable Related Terms

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Novo Nordisk A/S (Novo Nordisk A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Novo Nordisk A/S (NYSE:NVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NONOF:USA NOVOB:Mexico NVO:Mexico NOVOBc:UK 0QIU:UK NOVO B:Denmark NOV:Germany NOV:Germany NOVA:Germany NOV:Germany NOV:Germany NOVA:Germany N1VO34:Brazil NNO2:Austria

Address

Novo Alle 1, Bagsvaerd, DNK, DK-2880

Website

https://www.novonordisk.com

With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting roughly 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.