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Nokian Tyres (Nokian Tyres) Days Payable : 42.23 (As of Dec. 2023)


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What is Nokian Tyres Days Payable?

Nokian Tyres's average Accounts Payable for the three months ended in Dec. 2023 was $141 Mil. Nokian Tyres's Cost of Goods Sold for the three months ended in Dec. 2023 was $306 Mil. Hence, Nokian Tyres's Days Payable for the three months ended in Dec. 2023 was 42.23.

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

NKRKY' s Days Payable Range Over the Past 10 Years
Min: 29.75   Med: 36.77   Max: 54.25
Current: 48.1

During the past 13 years, Nokian Tyres's highest Days Payable was 54.25. The lowest was 29.75. And the median was 36.77.

NKRKY's Days Payable is ranked worse than
66.69% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs NKRKY: 48.10

Nokian Tyres's Days Payable increased from Dec. 2022 (37.10) to Dec. 2023 (42.23). It may suggest that Nokian Tyres delayed paying its suppliers.

Nokian Tyres Days Payable Historical Data

The historical data trend for Nokian Tyres'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.

Nokian Tyres Days Payable Chart

Nokian Tyres Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.56 35.91 43.68 53.18 53.57

Nokian Tyres 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 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 37.10 55.07 45.17 45.19 42.23

Competitive Comparison of Nokian Tyres's Days Payable

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Days Payable distribution charts can be found below:

* The bar in red indicates where Nokian Tyres's Days Payable falls into.


Nokian Tyres 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.

Nokian Tyres'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
=( (128.496 + 170.011) / 2 ) / 1017.012*365
=149.2535 / 1017.012*365
=53.57

Nokian Tyres'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
=( (112.914 + 170.011) / 2 ) / 305.671*365 / 4
=141.4625 / 305.671*365 / 4
=42.23

* 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.

Nokian Tyres Days Payable Related Terms

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Nokian Tyres (Nokian Tyres) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKY) » Definitions » Days Payable
Comparable Companies
OHEL:RELAIS OHEL:DUELL TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802 TSE:7259 BOM:500530 SHSE:601689 XTER:HLE ALV
Traded in Other Exchanges
NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland NRE:Germany
Address
Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Website
https://www.nokiantyres.com
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.