Noble (NE) Days Payable

: 64.18 (As of Dec. 2023)

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Noble's average Accounts Payable for the three months ended in Dec. 2023 was $338 Mil. Noble's Cost of Goods Sold for the three months ended in Dec. 2023 was $481 Mil. Hence, Noble's Days Payable for the three months ended in Dec. 2023 was 64.18.

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

NE' s Days Payable Range Over the Past 10 Years
Min: 61.06 Med: 67.76 Max: 67.83
Current: 61.06

During the past 4 years, Noble's highest Days Payable was 67.83. The lowest was 61.06. And the median was 67.76.

NE's Days Payable is ranked better than
50.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs NE: 61.06

Noble's Days Payable increased from Dec. 2022 (42.84) to Dec. 2023 (64.18). It may suggest that Noble delayed paying its suppliers.

Noble Days Payable Historical Data

The historical data trend for Noble'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.

Noble Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

67.68

67.83

Noble Quarterly Data
	Dec20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable						42.84	55.45	57.33	60.29	64.18

Competitive Comparison

For the Oil & Gas Drilling subindustry, Noble'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.

Noble Days Payable Distribution

For the Oil & Gas industry and Energy sector, Noble's Days Payable distribution charts can be found below:

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

Noble 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.

Noble'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
=	( (290.69	+	395.165)	/	2 )	/	1845.268	*	365
=	342.9275					/	1845.268	*	365
=	67.83

Noble'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
=	( (281.266	+	395.165)	/	2 )	/	480.851	*	365 / 4
=	338.2155					/	480.851	*	365 / 4
=	64.18

Noble Days Payable Related Terms

Thank you for viewing the detailed overview of Noble's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Noble (NE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (NYSE:NE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOBLE:Denmark 85V1:Germany 85V1:Germany

Address

13135 Dairy Ashford, Suite 800, Sugar Land, TX, USA, 77478

Website

https://www.noblecorp.com

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.

Executives

Noble Corp Plc	officer: VP & Chief Accounting Officer	13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Caroline Alting	officer: See Remarks	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Joey M Kawaja	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Blake Denton	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Robert W. Eifler	director, officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Richard B. Barker	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Jennie Howard	officer: SVP, Gen. Counsel & Corp. Sec.	13135 DAIRY ASHFORD ROAD, SUGAR LAND TX 77478
Pacific Investment Management Co Llc	10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Mikkel Ipsen	officer: See Remarks	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Kristin Holth	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Claus Hemmingsen	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Alastair Maxwell	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Apmh Invest A/s	10 percent owner	ESPLANADEN 50, COPENHAGEN G7 1263
Laura D. Campbell	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345