Netflix (CHIX:NFCD) Days Payable : 11.22 (As of Sep. 2024)

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What is Netflix Days Payable?

Netflix's average Accounts Payable for the three months ended in Sep. 2024 was €567 Mil. Netflix's Cost of Goods Sold for the three months ended in Sep. 2024 was €4,613 Mil. Hence, Netflix's Days Payable for the three months ended in Sep. 2024 was 11.22.

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

CHIX:NFCd' s Days Payable Range Over the Past 10 Years
Min: 11.1 Med: 15.82 Max: 18.15
Current: 11.1

During the past 13 years, Netflix's highest Days Payable was 18.15. The lowest was 11.10. And the median was 15.82.

CHIX:NFCd's Days Payable is ranked worse than
94.19% of 929 companies
in the Media - Diversified industry
Industry Median: 84.18 vs CHIX:NFCd: 11.10

Netflix's Days Payable increased from Sep. 2023 (10.55) to Sep. 2024 (11.22). It may suggest that Netflix delayed paying its suppliers.

Netflix Days Payable Historical Data

The historical data trend for Netflix'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.

Netflix Days Payable Chart

Netflix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

17.96

16.66

15.24

13.87

13.32

Netflix Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															10.55	11.12	12.40	10.58	11.22

Competitive Comparison of Netflix's Days Payable

For the Entertainment subindustry, Netflix'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.

Netflix's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Days Payable distribution charts can be found below:

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

Netflix 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.

Netflix'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
=	( (633.908	+	685.377)	/	2 )	/	18078.992	*	365
=	659.6425					/	18078.992	*	365
=	13.32

Netflix's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (556.059	+	578.4)	/	2 )	/	4613.015	*	365 / 4
=	567.2295					/	4613.015	*	365 / 4
=	11.22

Netflix Days Payable Related Terms

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Netflix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Netflix Inc (CHIX:NFCd) » Definitions » Days Payable

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Address

121 Albright Way, Los Gatos, CA, USA, 95032

Website

https://www.netflix.com

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

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