Northern Technologies International (Northern Technologies International) Days Payable : 46.86 (As of Feb. 2024)

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What is Northern Technologies International Days Payable?

Northern Technologies International's average Accounts Payable for the three months ended in Feb. 2024 was $6.42 Mil. Northern Technologies International's Cost of Goods Sold for the three months ended in Feb. 2024 was $12.50 Mil. Hence, Northern Technologies International's Days Payable for the three months ended in Feb. 2024 was 46.86.

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

NTIC' s Days Payable Range Over the Past 10 Years
Min: 35.16 Med: 40.07 Max: 48.52
Current: 42.06

During the past 13 years, Northern Technologies International's highest Days Payable was 48.52. The lowest was 35.16. And the median was 40.07.

NTIC's Days Payable is ranked worse than
68.7% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs NTIC: 42.06

Northern Technologies International's Days Payable declined from Feb. 2023 (47.04) to Feb. 2024 (46.86). It may suggest that Northern Technologies International accelerated paying its suppliers.

Northern Technologies International Days Payable Historical Data

The historical data trend for Northern Technologies International'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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Northern Technologies International Days Payable Chart

Northern Technologies International Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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40.43

44.52

37.05

43.18

48.52

Northern Technologies International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															47.04	37.46	37.30	44.07	46.86

Competitive Comparison of Northern Technologies International's Days Payable

For the Specialty Chemicals subindustry, Northern Technologies International'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.

Northern Technologies International's Days Payable Distribution in the Chemicals Industry

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

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

Northern Technologies International 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.

Northern Technologies International's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (7.796	+	6.056)	/	2 )	/	52.099	*	365
=	6.926					/	52.099	*	365
=	48.52

Northern Technologies International's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (6.354	+	6.488)	/	2 )	/	12.504	*	365 / 4
=	6.421					/	12.504	*	365 / 4
=	46.86

Northern Technologies International Days Payable Related Terms

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Northern Technologies International (Northern Technologies International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Northern Technologies International Corp (NAS:NTIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4201 Woodland Road, P.O. Box 69, Circle Pines, MN, USA, 55014

Website

https://www.ntic.com

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.

Executives

Nancy E. Calderon	director	1285 WAKEFIELD TRAIL, RENO NV 89523
Richard Nigon	director	CEDAR POINT CAPITAL, 150 SOUTH 5TH STREET, MINNEAPOLIS MN 55402
Sarah E. Kemp	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Pinho Cristina Lucia Duarte	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Falkenhausen Konstantin Von	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Barbara D. Colwell	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
G Patrick Lynch	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
Pierre Chenu	director	118B AVENUE W CHURCHILL, PO BOX 15, BRUSSELS C9 1180
Mark J Stone	director	689 5TH AVENUE, 14TH FLOOR, NEW YORK NY 10022
Inter Alia Holding Co	10 percent owner
Juliane I Lynch	10 percent owner	23205 MERCANTILE ROAD, BEACHWOOD OH 44122
Koh Soo Keong	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Tilman Bernhard Frank	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Sunggyu Lee	director	4912 MCKENNA CT, COLUMBIA MO 65203
Ramani Narayan	director	4275 CONIFER CIRCLE, OKEMOS MI 48864