Northrop Grumman (Northrop Grumman) Days Payable : 19.64 (As of Dec. 2023)

View and export this data going back to 1985. Start your Free Trial

What is Northrop Grumman Days Payable?

Northrop Grumman's average Accounts Payable for the three months ended in Dec. 2023 was $2,185 Mil. Northrop Grumman's Cost of Goods Sold for the three months ended in Dec. 2023 was $10,153 Mil. Hence, Northrop Grumman's Days Payable for the three months ended in Dec. 2023 was 19.64.

The historical rank and industry rank for Northrop Grumman's Days Payable or its related term are showing as below:

NOC' s Days Payable Range Over the Past 10 Years
Min: 24.86 Med: 26.97 Max: 30.26
Current: 24.86

During the past 13 years, Northrop Grumman's highest Days Payable was 30.26. The lowest was 24.86. And the median was 26.97.

NOC's Days Payable is ranked worse than
93.27% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs NOC: 24.86

Northrop Grumman's Days Payable declined from Dec. 2022 (27.36) to Dec. 2023 (19.64). It may suggest that Northrop Grumman accelerated paying its suppliers.

Northrop Grumman Days Payable Historical Data

The historical data trend for Northrop Grumman'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.

Northrop Grumman Days Payable Chart

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

30.26

25.10

25.72

29.97

26.18

Northrop Grumman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.36	29.45	25.38	25.46	19.64

Competitive Comparison of Northrop Grumman's Days Payable

For the Aerospace & Defense subindustry, Northrop Grumman'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.

Northrop Grumman's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Days Payable distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's Days Payable falls into.

Northrop Grumman 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.

Northrop Grumman'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
=	( (2587	+	2110)	/	2 )	/	32739	*	365
=	2348.5					/	32739	*	365
=	26.18

Northrop Grumman'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
=	( (2260	+	2110)	/	2 )	/	10153	*	365 / 4
=	2185					/	10153	*	365 / 4
=	19.64

Northrop Grumman Days Payable Related Terms

Thank you for viewing the detailed overview of Northrop Grumman's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Northrop Grumman (Northrop Grumman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (NYSE:NOC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOC:Mexico NTH:Germany NTH:Germany NTH:Germany NOCG34:Brazil NOCO:Austria

Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Executives

Mark A Caylor	officer: Corp VP & Pres ESS	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kathryn G Simpson	officer: Corp VP & General Counsel	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Robert J. Fleming	officer: CVP and Pres. Space Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Roshan S Roeder	officer: CVP & Pres. Defense Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Kimberly A. Ross	director	C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
David T Perry	officer: CVP Chief Global Bus Dev Off	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Lucy C Ryan	officer: Corp VP, Communications	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Michael A Hardesty	officer: Corp VP, Controller & CAO	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Thomas H Jones	officer: CVP & Pres Aeronautics Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary D Petryszyn	officer: CVP, Pres, Defense Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Sheila C. Cheston	officer: Corp. VP & General Counsel	C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Stephen F. O'bryan	officer: CVP Global Bus Dev Officer	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Arvind Krishna	director	IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722
Wilson Thomas L Jr	officer: CVP and Pres. Space Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042