Nordic Unmanned ASA (FRA:8VH0) Days Payable : 46.50 (As of Sep. 2024)

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What is Nordic Unmanned ASA Days Payable?

Nordic Unmanned ASA's average Accounts Payable for the three months ended in Sep. 2024 was €2.51 Mil. Nordic Unmanned ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was €4.92 Mil. Hence, Nordic Unmanned ASA's Days Payable for the three months ended in Sep. 2024 was 46.50.

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

FRA:8VH0' s Days Payable Range Over the Past 10 Years
Min: 30.18 Med: 49.53 Max: 181.28
Current: 63.14

During the past 7 years, Nordic Unmanned ASA's highest Days Payable was 181.28. The lowest was 30.18. And the median was 49.53.

FRA:8VH0's Days Payable is ranked worse than
55.67% of 300 companies
in the Aerospace & Defense industry
Industry Median: 71.79 vs FRA:8VH0: 63.14

Nordic Unmanned ASA's Days Payable declined from Sep. 2023 (92.85) to Sep. 2024 (46.50). It may suggest that Nordic Unmanned ASA accelerated paying its suppliers.

Nordic Unmanned ASA Days Payable Historical Data

The historical data trend for Nordic Unmanned 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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Nordic Unmanned ASA Days Payable Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.74

68.51

46.72

30.49

49.04

Nordic Unmanned ASA 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															92.85	113.12	45.57	51.18	46.50

Competitive Comparison of Nordic Unmanned ASA's Days Payable

For the Aerospace & Defense subindustry, Nordic Unmanned 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.

Nordic Unmanned ASA's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nordic Unmanned ASA's Days Payable distribution charts can be found below:

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

Nordic Unmanned 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.

Nordic Unmanned 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
=	( (2.385	+	2.849)	/	2 )	/	19.477	*	365
=	2.617					/	19.477	*	365
=	49.04

Nordic Unmanned ASA'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
=	( (2.737	+	2.281)	/	2 )	/	4.924	*	365 / 4
=	2.509					/	4.924	*	365 / 4
=	46.50

Nordic Unmanned ASA Days Payable Related Terms

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Nordic Unmanned ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nordic Unmanned ASA (FRA:8VH0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NUMND:Norway 8VH0:Germany

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services. The group's business segments are as follows; Flight Services, AirRobot, and DroneMatrix. Maximum revenue is generated from its Flight Services segment which is a technology-agnostic flight services operator providing time-critical actionable data to large corporate and governmental customers. Geographically, the company generates maximum revenue from Estonia and the rest from Spain, Great Britain, Germany, Norway, and other countries.

Nordic Unmanned ASA Headlines

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