nVent Electric (nVent Electric) Days Payable

: 46.68 (As of Dec. 2023)

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nVent Electric's average Accounts Payable for the three months ended in Dec. 2023 was $260 Mil. nVent Electric's Cost of Goods Sold for the three months ended in Dec. 2023 was $507 Mil. Hence, nVent Electric's Days Payable for the three months ended in Dec. 2023 was 46.68.

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

NVT' s Days Payable Range Over the Past 10 Years
Min: 42.8 Med: 50.54 Max: 52.33
Current: 47.63

During the past 9 years, nVent Electric's highest Days Payable was 52.33. The lowest was 42.80. And the median was 50.54.

NVT's Days Payable is ranked worse than
72.03% of 2928 companies
in the Industrial Products industry
Industry Median: 76.15 vs NVT: 47.63

nVent Electric's Days Payable declined from Dec. 2022 (51.81) to Dec. 2023 (46.68). It may suggest that nVent Electric accelerated paying its suppliers.

nVent Electric Days Payable Historical Data

The historical data trend for nVent Electric'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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nVent Electric Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.94

52.33

51.88

51.67

50.13

nVent Electric 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															51.81	51.45	46.72	43.74	46.68

Competitive Comparison

For the Electrical Equipment & Parts subindustry, nVent Electric'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.

nVent Electric Days Payable Distribution

For the Industrial Products industry and Industrials sector, nVent Electric's Days Payable distribution charts can be found below:

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

nVent Electric 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.

nVent Electric'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
=	( (252.1	+	275.7)	/	2 )	/	1921.5	*	365
=	263.9					/	1921.5	*	365
=	50.13

nVent Electric'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
=	( (243.4	+	275.7)	/	2 )	/	507.4	*	365 / 4
=	259.55					/	507.4	*	365 / 4
=	46.68

nVent Electric Days Payable Related Terms

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nVent Electric (nVent Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » nVent Electric PLC (NYSE:NVT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Great West Road, 8th Floor (East), The Mille, London, GBR, TW8 9DW

Website

https://www.nvent.com

nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.

Executives

Michael B Faulconer	officer: President - Thermal Management	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Randolph A. Wacker	officer: SVP & Chief Accounting Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Joseph A. Ruzynski	officer: President of Enclosures	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sara E Zawoyski	officer: EVP & Chief Financial Officer	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Lynnette R Heath	officer: EVP & Chief HR Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Beth Wozniak	officer: Chief Executive Officer	555 WAYZATA BLVD. SUITE 600, MINNEAPOLIS MN 55419
Jon D. Lammers	officer: EVP, Gen. Counsel & Secretary	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Greg Scheu	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael L Ducker	director	P O BOX 813, LIBERTY CORNER NJ 07938
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sherry A Aaholm	director	500 JACKSON STREET, COLUMBUS IN 47201
Susan M. Cameron	director	C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353
Jacqueline Wright	director	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Nicola Palmer	director	1665 UTICA AVENUE, ST. LOUS PARK MN 55416