Nanophase Technologies (Nanophase Technologies) Days Payable : 76.59 (As of Dec. 2023)

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What is Nanophase Technologies Days Payable?

Nanophase Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $6.33 Mil. Nanophase Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.54 Mil. Hence, Nanophase Technologies's Days Payable for the three months ended in Dec. 2023 was 76.59.

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

NANX' s Days Payable Range Over the Past 10 Years
Min: 25.38 Med: 49.08 Max: 81.45
Current: 75.33

During the past 13 years, Nanophase Technologies's highest Days Payable was 81.45. The lowest was 25.38. And the median was 49.08.

NANX's Days Payable is ranked better than
63.26% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs NANX: 75.33

Nanophase Technologies's Days Payable increased from Dec. 2022 (76.03) to Dec. 2023 (76.59). It may suggest that Nanophase Technologies delayed paying its suppliers.

Nanophase Technologies Days Payable Historical Data

The historical data trend for Nanophase Technologies'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.

* Premium members only.

Nanophase Technologies Days Payable Chart

Nanophase Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.91

65.51

53.86

67.13

81.45

Nanophase Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															79.90	61.17	79.69	76.59	91.47

Competitive Comparison of Nanophase Technologies's Days Payable

For the Specialty Chemicals subindustry, Nanophase Technologies'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.

Nanophase Technologies's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Nanophase Technologies's Days Payable falls into.

Nanophase Technologies 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.

Nanophase Technologies'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
=	( (6.766	+	6.388)	/	2 )	/	29.472	*	365
=	6.577					/	29.472	*	365
=	81.45

Nanophase Technologies'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
=	( (6.27	+	6.388)	/	2 )	/	7.54	*	365 / 4
=	6.329					/	7.54	*	365 / 4
=	76.59

Nanophase Technologies Days Payable Related Terms

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Nanophase Technologies (Nanophase Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanophase Technologies Corp (OTCPK:NANX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1319 Marquette Drive, Romeoville, IL, USA, 60446

Website

https://www.nanophase.com

Nanophase Technologies Corp is a U.S based company engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy. Its technologies are designed to offer nanomaterial solutions for a specific customer application across various industries. Its products include Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Cerium Oxide, Iron Oxide and Zinc Oxide. The firm categorizes its revenue stream into three main product categories, Personal Care Ingredients, Advanced Materials and Solesence. Substantial revenue is generated from the sale of Solesence finished products.

Executives

Jess Jankowski	officer: Chief Financial Officer
R Janet Whitmore	director
Bradford T Whitmore	10 percent owner	5215 OLD ORCHARD ROAD, SUITE 620, SKOKIE IL 60077
Mark E Miller	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Kevin Cureton	officer: VP, Sales & Marketing & BD	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Strandler, Llc	10 percent owner	401 3RD STREET, #9, RAPID CITY SD 57701
Laura M Beres	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Jaime Escobar	officer: Chief Financial Officer	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Frank Cesario	officer: Chief Financial Officer	C/O ISCO INTERNATIONAL INC, 451 KIGSTON COURT, MT PROSPECT IL 60056
James A Henderson	director	301 WASHINGTON ST, COLUMBUS IN 47201
George A Vincent	director	C/O NANOPHASE TECHNOLOGIES, 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Spurgeon Corp	10 percent owner	407 S. THIRD STREET, SUITE 230, GENEVA IL 60134
W Edwin Tyler	director	ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Nancy Baldwin	officer: VP Human Resources & IT	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Patrick G Murray	officer: VP Research & Development	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446