Novus Holdings (JSE:NVS) Days Payable : 69.22 (As of Sep. 2023)

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What is Novus Holdings Days Payable?

Novus Holdings's average Accounts Payable for the six months ended in Sep. 2023 was R547 Mil. Novus Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was R1,441 Mil. Hence, Novus Holdings's Days Payable for the six months ended in Sep. 2023 was 69.22.

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

JSE:NVS' s Days Payable Range Over the Past 10 Years
Min: 20.8 Med: 33.08 Max: 85.42
Current: 85.42

During the past 10 years, Novus Holdings's highest Days Payable was 85.42. The lowest was 20.80. And the median was 33.08.

JSE:NVS's Days Payable is ranked better than
70.28% of 922 companies
in the Business Services industry
Industry Median: 47.445 vs JSE:NVS: 85.42

Novus Holdings's Days Payable declined from Sep. 2022 (89.80) to Sep. 2023 (69.22). It may suggest that Novus Holdings accelerated paying its suppliers.

Novus Holdings Days Payable Historical Data

The historical data trend for Novus Holdings'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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Novus Holdings Days Payable Chart

Novus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.71

34.64

39.98

46.30

46.39

Novus Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															68.88	77.69	89.80	80.60	69.22

Competitive Comparison of Novus Holdings's Days Payable

For the Specialty Business Services subindustry, Novus Holdings'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.

Novus Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Novus Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Novus Holdings's Days Payable falls into.

Novus Holdings 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.

Novus Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (330.475	+	329.191)	/	2 )	/	2595.234	*	365
=	329.833					/	2595.234	*	365
=	46.39

Novus Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (329.191	+	763.92)	/	2 )	/	1441	*	365 / 2
=	546.5555					/	1441	*	365 / 2
=	69.22

Novus Holdings Days Payable Related Terms

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Novus Holdings (JSE:NVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Novus Holdings Ltd (JSE:NVS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N09:Germany

Address

10 Freedom Way, Marconi Beam, Montague Gardens, Milnerton, Cape Town, WC, ZAF, 7441

Website

https://www.novus.holdings

Novus Holdings Ltd services South Africa and the African continent through its print production of all short to long-run requirements of educational materials, magazines, retail inserts, catalogs, books, newspapers, and commercial work, as well as security and digital printing. The company's reportable segment comprises Printing, Education, and Packaging where printing includes gravure, headset, coldest, sheet-fed, and digital, education contains educational content and packaging includes labels and flexible packaging. Other includes non-print or packaging products. The Majority of the firm's revenue is derived from the Printing segment.