Norsk Hydro ASA (LTS:0Q11) Days Payable : 87.22 (As of Dec. 2023)

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What is Norsk Hydro ASA Days Payable?

Norsk Hydro ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr21,770 Mil. Norsk Hydro ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr22,777 Mil. Hence, Norsk Hydro ASA's Days Payable for the three months ended in Dec. 2023 was 87.22.

The historical rank and industry rank for Norsk Hydro ASA's Days Payable or its related term are showing as below:

LTS:0Q11' s Days Payable Range Over the Past 10 Years
Min: 45.9 Med: 53.38 Max: 69.25
Current: 67.11

During the past 13 years, Norsk Hydro ASA's highest Days Payable was 69.25. The lowest was 45.90. And the median was 53.38.

LTS:0Q11's Days Payable is ranked worse than
65.17% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs LTS:0Q11: 67.11

Norsk Hydro ASA's Days Payable declined from Dec. 2022 (92.14) to Dec. 2023 (87.22). It may suggest that Norsk Hydro ASA accelerated paying its suppliers.

Norsk Hydro ASA Days Payable Historical Data

The historical data trend for Norsk Hydro ASA'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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Norsk Hydro ASA Days Payable Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.65

69.25

67.41

52.42

55.37

Norsk Hydro ASA 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															92.14	60.64	67.85	70.03	87.22

Competitive Comparison of Norsk Hydro ASA's Days Payable

For the Aluminum subindustry, Norsk Hydro ASA'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.

Norsk Hydro ASA's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Norsk Hydro ASA's Days Payable falls into.

Norsk Hydro ASA 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.

Norsk Hydro ASA'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
=	( (18803	+	18680)	/	2 )	/	123538	*	365
=	18741.5					/	123538	*	365
=	55.37

Norsk Hydro ASA'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
=	( (24860	+	18680)	/	2 )	/	22777	*	365 / 4
=	21770					/	22777	*	365 / 4
=	87.22

Norsk Hydro ASA Days Payable Related Terms

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

Norsk Hydro ASA (LTS:0Q11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (LTS:0Q11) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NHYKF:USA NHYDY:USA NHYo:Sweden NHY:Norway NHYo:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

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