Novonesis AS (Novonesis AS) Days Payable : 65.57 (As of Dec. 2023)

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What is Novonesis AS Days Payable?

Novonesis AS's average Accounts Payable for the three months ended in Dec. 2023 was $223 Mil. Novonesis AS's Cost of Goods Sold for the three months ended in Dec. 2023 was $310 Mil. Hence, Novonesis AS's Days Payable for the three months ended in Dec. 2023 was 65.57.

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

NVZMY' s Days Payable Range Over the Past 10 Years
Min: 65.69 Med: 73.5 Max: 82.07
Current: 68.9

During the past 13 years, Novonesis AS's highest Days Payable was 82.07. The lowest was 65.69. And the median was 73.50.

NVZMY's Days Payable is ranked better than
57.08% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs NVZMY: 68.90

Novonesis AS's Days Payable declined from Dec. 2022 (77.25) to Dec. 2023 (65.57). It may suggest that Novonesis AS accelerated paying its suppliers.

Novonesis AS Days Payable Historical Data

The historical data trend for Novonesis AS'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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Novonesis AS Days Payable Chart

Novonesis AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.08

62.70

77.11

79.15

76.66

Novonesis AS 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															77.25	71.07	66.85	62.15	65.57

Competitive Comparison of Novonesis AS's Days Payable

For the Specialty Chemicals subindustry, Novonesis AS'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.

Novonesis AS's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Novonesis AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Novonesis AS's Days Payable falls into.

Novonesis AS 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.

Novonesis AS'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
=	( (266.129	+	236.437)	/	2 )	/	1196.378	*	365
=	251.283					/	1196.378	*	365
=	76.66

Novonesis AS'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
=	( (208.939	+	236.437)	/	2 )	/	309.885	*	365 / 4
=	222.688					/	309.885	*	365 / 4
=	65.57

Novonesis AS Days Payable Related Terms

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Novonesis AS (Novonesis AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Novonesis AS (OTCPK:NVZMY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NVZMF:USA NZYM:Mexico NZYMBc:UK 0Q4U:UK NZYM B:Denmark NZM2:Germany

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.

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