Novolipetsk Steel PJSC (MIC:NLMK) Days Payable : 26.10 (As of Dec. 2021)

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What is Novolipetsk Steel PJSC Days Payable?

Novolipetsk Steel PJSC's average Accounts Payable for the three months ended in Dec. 2021 was ₽49,723 Mil. Novolipetsk Steel PJSC's Cost of Goods Sold for the three months ended in Dec. 2021 was ₽173,821 Mil. Hence, Novolipetsk Steel PJSC's Days Payable for the three months ended in Dec. 2021 was 26.10.

The historical rank and industry rank for Novolipetsk Steel PJSC's Days Payable or its related term are showing as below:

MIC:NLMK's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 39.59
* Ranked among companies with meaningful Days Payable only.

Novolipetsk Steel PJSC's Days Payable declined from Dec. 2020 (48.96) to Dec. 2021 (26.10). It may suggest that Novolipetsk Steel PJSC accelerated paying its suppliers.

Novolipetsk Steel PJSC Days Payable Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Days Payable Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

Get a 7-Day Free Trial

27.10

24.19

30.32

27.53

27.83

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															48.96	46.01	62.75	46.07	26.10

Competitive Comparison of Novolipetsk Steel PJSC's Days Payable

For the Steel subindustry, Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Novolipetsk Steel PJSC's Days Payable falls into.

Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (31969.939	+	55894.858)	/	2 )	/	576249.374	*	365
=	43932.3985					/	576249.374	*	365
=	27.83

Novolipetsk Steel PJSC's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (43550.852	+	55894.858)	/	2 )	/	173821.181	*	365 / 4
=	49722.855					/	173821.181	*	365 / 4
=	26.10

Novolipetsk Steel PJSC Days Payable Related Terms

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Novolipetsk Steel PJSC (MIC:NLMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (MIC:NLMK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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