Northrop Grumman's average Accounts Payable for the
three
months ended in Jun. 2022 was $2,074 Mil. Northrop Grumman's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $6,842 Mil.
Hence, Northrop Grumman's Days Payable for the
three
months ended in Jun. 2022 was 27.66.
The historical rank and industry rank for Northrop Grumman's Days Payable or its related term are showing as below:
NOC'
s Days Payable Range Over the Past 10 Years
Min: 24.81 Med: 26.55 Max: 30.26
Current: 27.81
During the past 13 years, Northrop Grumman's highest Days Payable was 30.26. The lowest was 24.81. And the median was 26.55.
NOC's Days Payable is ranked worse than 88.3% of 265
companies
in the Aerospace & Defense industry
Industry Median: 72.10
vs NOC: 27.81
Northrop Grumman's Days Payable
increased
from Jun. 2021 (25.01) to Jun. 2022 (27.66).
It may suggest that Northrop Grumman delayed paying its suppliers.
Northrop Grumman Days Payable Historical Data
The historical data trend for Northrop Grumman'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.
Northrop Grumman Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Days Payable
29.23
30.10
30.26
25.10
25.72
Northrop Grumman Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Days Payable
25.01
28.14
28.20
27.99
27.66
Competitive Comparison
For the Aerospace & Defense subindustry, Northrop Grumman'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.
Northrop Grumman Days Payable Distribution
For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Days Payable distribution charts can be found below:
* The bar in red indicates where Northrop Grumman's Days Payable falls into.
Northrop Grumman 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.
Northrop Grumman's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Northrop Grumman Days Payable Related Terms
Thank you for viewing the detailed overview of Northrop Grumman's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm's segments include aeronautics, mission systems, defense services, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company's space systems segment produces various space structures, sensors, and satellites.
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