Newpark Resources (Newpark Resources) Days Payable : 50.45 (As of Dec. 2023)

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What is Newpark Resources Days Payable?

Newpark Resources's average Accounts Payable for the three months ended in Dec. 2023 was $75.8 Mil. Newpark Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $137.0 Mil. Hence, Newpark Resources's Days Payable for the three months ended in Dec. 2023 was 50.45.

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

NR' s Days Payable Range Over the Past 10 Years
Min: 40.96 Med: 46.54 Max: 57.31
Current: 49.84

During the past 13 years, Newpark Resources's highest Days Payable was 57.31. The lowest was 40.96. And the median was 46.54.

NR's Days Payable is ranked worse than
57.22% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs NR: 49.84

Newpark Resources's Days Payable increased from Dec. 2022 (48.42) to Dec. 2023 (50.45). It may suggest that Newpark Resources delayed paying its suppliers.

Newpark Resources Days Payable Historical Data

The historical data trend for Newpark Resources'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.

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Newpark Resources Days Payable Chart

Newpark Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.41

49.76

46.12

46.86

48.90

Newpark Resources 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															48.42	51.58	52.27	46.12	50.45

Competitive Comparison of Newpark Resources's Days Payable

For the Oil & Gas Equipment & Services subindustry, Newpark Resources'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.

Newpark Resources's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Newpark Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Newpark Resources's Days Payable falls into.

Newpark Resources 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.

Newpark Resources'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
=	( (93.633	+	70.087)	/	2 )	/	611.061	*	365
=	81.86					/	611.061	*	365
=	48.90

Newpark Resources'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
=	( (81.423	+	70.087)	/	2 )	/	137.02	*	365 / 4
=	75.755					/	137.02	*	365 / 4
=	50.45

Newpark Resources Days Payable Related Terms

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Newpark Resources (Newpark Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Newpark Resources Inc (NYSE:NR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NWP:Germany

Address

9320 Lakeside Boulevard, Suite 100, The Woodlands, TX, USA, 77381

Website

https://www.newpark.com

Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.

Executives

Claudia Michel Meer	director	5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852
Mary Celeste Fruge	officer: VP, General Counsel	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
John C Minge	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Michael A Lewis	director	77 BEALE ST, P.O. BOX 770000, SAN FRANCISCO CA 94177
Donald Win Young	director	3311 DEL MONTE DRIVE, HOUSTON TX 77019
Gregg Piontek	officer: VP, Controller, PAO	2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
Edward Chipman Earle	officer: VP and Special Advisor to CEO	2103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Matthew Lanigan	officer: VP and Pres of NMIS	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lori Briggs	officer: VP & President, Industrial	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Paul L Howes	director, officer: President and CEO	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Douglas L White	officer: Controller, CAO, PAO	2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
David A Paterson	officer: VP & President, Fluid Systems	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Bruce Campbell Smith	officer: VP & Pres, Drilling Fluids	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
David C Anderson	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Mark J Airola	officer: Vice President, General Counse	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381