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NovoCure Days Payable

: 155.43 (As of Dec. 2020)
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NovoCure's average Accounts Payable for the three months ended in Dec. 2020 was $47.9 Mil. NovoCure's Cost of Goods Sold for the three months ended in Dec. 2020 was $28.1 Mil. Hence, NovoCure's Days Payable for the three months ended in Dec. 2020 was 155.43.

NAS:NVCR' s Days Payable Range Over the Past 10 Years
Min: 100.12   Med: 146.83   Max: 535.35
Current: 145.1

100.12
535.35

During the past 8 years, NovoCure's highest Days Payable was 535.35. The lowest was 100.12. And the median was 146.83.

NAS:NVCR's Days Payable is ranked higher than
77% of the 639 Companies
in the Medical Devices & Instruments industry.

( Industry Median: 70.78 vs. NAS:NVCR: 145.10 )

NovoCure's Days Payable increased from Dec. 2019 (126.87) to Dec. 2020 (155.43). It may suggest that NovoCure delayed paying its suppliers.


NovoCure Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

NovoCure Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only 138.45 116.71 100.12 131.06 155.20

NovoCure Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 126.87 144.04 141.34 129.69 155.43

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.


NovoCure Days Payable Distribution

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



NovoCure 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.

NovoCure's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (36.925 + 53.647) / 2 ) / 106.501*365
=45.286 / 106.501*365
=155.20

NovoCure's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (42.206 + 53.647) / 2 ) / 28.136*365 / 4
=47.9265 / 28.136*365 / 4
=155.43

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


NovoCure Days Payable Related Terms


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