Nordic Semiconductor ASA (LTS:0FF9) Days Payable : 30.46 (As of Mar. 2024)

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What is Nordic Semiconductor ASA Days Payable?

Nordic Semiconductor ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr137 Mil. Nordic Semiconductor ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr411 Mil. Hence, Nordic Semiconductor ASA's Days Payable for the three months ended in Mar. 2024 was 30.46.

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

LTS:0FF9' s Days Payable Range Over the Past 10 Years
Min: 30.88 Med: 35.23 Max: 43.94
Current: 43.94

During the past 13 years, Nordic Semiconductor ASA's highest Days Payable was 43.94. The lowest was 30.88. And the median was 35.23.

LTS:0FF9's Days Payable is ranked worse than
58.61% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs LTS:0FF9: 43.94

Nordic Semiconductor ASA's Days Payable declined from Mar. 2023 (45.95) to Mar. 2024 (30.46). It may suggest that Nordic Semiconductor ASA accelerated paying its suppliers.

Nordic Semiconductor ASA Days Payable Historical Data

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

Nordic Semiconductor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.27

41.28

32.47

32.23

31.17

Nordic Semiconductor 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															45.95	47.96	52.39	42.60	30.46

Competitive Comparison of Nordic Semiconductor ASA's Days Payable

For the Semiconductors subindustry, Nordic Semiconductor 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 Semiconductor ASA's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nordic Semiconductor ASA's Days Payable distribution charts can be found below:

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

Nordic Semiconductor 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 Semiconductor 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
=	( (338.186	+	128.713)	/	2 )	/	2733.941	*	365
=	233.4495					/	2733.941	*	365
=	31.17

Nordic Semiconductor 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
=	( (128.713	+	145.768)	/	2 )	/	411.197	*	365 / 4
=	137.2405					/	411.197	*	365 / 4
=	30.46

Nordic Semiconductor ASA Days Payable Related Terms

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Nordic Semiconductor ASA (LTS:0FF9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nordic Semiconductor ASA (LTS:0FF9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NRSDY:USA NDCVF:USA NODO:Sweden NOD:Norway N0S:Germany

Address

Otto Nielsens veg 12, Trondheim, NOR, 7052

Website

https://www.nordicsemi.com

Nordic Semiconductor has a leading market share in the design of Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, thread protocol, and long-range connectivity. In 2022 Nordic generated almost $800 million in revenue.

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