Nomad Foods (Nomad Foods) Days Payable : 95.46 (As of Dec. 2023)

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What is Nomad Foods Days Payable?

Nomad Foods's average Accounts Payable for the three months ended in Dec. 2023 was $631 Mil. Nomad Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $603 Mil. Hence, Nomad Foods's Days Payable for the three months ended in Dec. 2023 was 95.46.

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

NOMD' s Days Payable Range Over the Past 10 Years
Min: 80.04 Med: 89.13 Max: 103.4
Current: 103.4

During the past 11 years, Nomad Foods's highest Days Payable was 103.40. The lowest was 80.04. And the median was 89.13.

NOMD's Days Payable is ranked better than
82.95% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs NOMD: 103.40

Nomad Foods's Days Payable increased from Dec. 2022 (91.71) to Dec. 2023 (95.46). It may suggest that Nomad Foods delayed paying its suppliers.

Nomad Foods Days Payable Historical Data

The historical data trend for Nomad Foods'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.

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Nomad Foods Days Payable Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.08

81.98

97.52

89.13

80.04

Nomad Foods 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															91.71	100.83	121.96	118.44	95.46

Competitive Comparison of Nomad Foods's Days Payable

For the Packaged Foods subindustry, Nomad Foods'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.

Nomad Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nomad Foods's Days Payable distribution charts can be found below:

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

Nomad Foods 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.

Nomad Foods'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
=	( (526.165	+	519.193)	/	2 )	/	2383.642	*	365
=	522.679					/	2383.642	*	365
=	80.04

Nomad Foods'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
=	( (742.796	+	519.193)	/	2 )	/	603.163	*	365 / 4
=	630.9945					/	603.163	*	365 / 4
=	95.46

Nomad Foods Days Payable Related Terms

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Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.