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Nabors Industries Ltd  (NYSE:NBR) Days Payable: 57.07 (As of Jun. 2017)

Nabors Industries Ltd's payable for the three months ended in Jun. 2017 was $261 Mil. Nabors Industries Ltd's Cost of Goods Sold for the three months ended in Jun. 2017 was $418 Mil. Hence, Nabors Industries Ltd's days payable for the three months ended in Jun. 2017 was 57.07.

NYSE:NBR' s Days Payable Range Over the Past 10 Years
Min: 41.29   Max: 76.42
Current: 66.04

41.29
76.42

During the past 13 years, Nabors Industries Ltd's highest Days Payable was 76.42. The lowest was 41.29. And the median was 49.94.

NYSE:NBR's Days Payable is ranked higher than
70% of the 44 Companies
in the Global industry.

( Industry Median: 47.99 vs. NYSE:NBR: 66.04 )

Nabors Industries Ltd's days payable increased from Jun. 2016 (53.37) to Jun. 2017 (57.07). It may suggest that Nabors Industries Ltd delayed paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nabors Industries Ltd Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.71 50.01 63.20 41.86 71.84

Nabors Industries Ltd Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.37 64.21 72.82 56.81 57.07

Competitive Comparison
* 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.


Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nabors Industries Ltd's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=264.578/1344.298*365
=71.84

Nabors Industries Ltd's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=261.115/417.521*365 / 4
=57.07

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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