NEL ASA (NEL ASA) Days Payable : 178.95 (As of Mar. 2024)

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What is NEL ASA Days Payable?

NEL ASA's average Accounts Payable for the three months ended in Mar. 2024 was $17.3 Mil. NEL ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.8 Mil. Hence, NEL ASA's Days Payable for the three months ended in Mar. 2024 was 178.95.

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

NLLSF' s Days Payable Range Over the Past 10 Years
Min: 70.97 Med: 86.39 Max: 183.37
Current: 83.49

During the past 13 years, NEL ASA's highest Days Payable was 183.37. The lowest was 70.97. And the median was 86.39.

NLLSF's Days Payable is ranked better than
54.95% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs NLLSF: 83.49

NEL ASA's Days Payable increased from Mar. 2023 (101.48) to Mar. 2024 (178.95). It may suggest that NEL ASA delayed paying its suppliers.

NEL ASA Days Payable Historical Data

The historical data trend for NEL ASA'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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NEL ASA Days Payable Chart

NEL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.89

78.99

71.82

108.60

89.50

NEL ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															101.48	66.04	88.75	68.10	178.95

Competitive Comparison of NEL ASA's Days Payable

For the Specialty Industrial Machinery subindustry, NEL ASA'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.

NEL ASA's Days Payable Distribution in the Industrial Products Industry

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

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

NEL ASA 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.

NEL ASA'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
=	( (20.419	+	19.419)	/	2 )	/	81.23	*	365
=	19.919					/	81.23	*	365
=	89.50

NEL ASA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (19.419	+	15.257)	/	2 )	/	8.841	*	365 / 4
=	17.338					/	8.841	*	365 / 4
=	178.95

NEL ASA Days Payable Related Terms

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NEL ASA (NEL ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NEL ASA (OTCPK:NLLSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NLLSY:USA NELo:Sweden NEL:Norway 0E4Q:UK D7G:Germany

Address

Karenslyst alle 49, Oslo, NOR, N-0279

Website

https://www.nelhydrogen.com

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.