Nizhnekamskshina PJSC (MIC:NKSH) Days Payable: 164.73 (As of Dec. 2022)

What is Nizhnekamskshina PJSC Days Payable?

Nizhnekamskshina PJSC MIC:NKSH -1.95% 17 Days Payable is 164.73 as of Dec. 2022. GuruFocus rates MIC:NKSH with a GF Score™ of 17/100.

Nizhnekamskshina PJSC's average Accounts Payable for the six months ended in Dec. 2022 was ₽3,247 Mil. Nizhnekamskshina PJSC's Cost of Goods Sold for the six months ended in Dec. 2022 was ₽3,597 Mil. Hence, Nizhnekamskshina PJSC's Days Payable for the six months ended in Dec. 2022 was 164.73.

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

MIC:NKSH's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 67.015
* Ranked among companies with meaningful Days Payable only.

Nizhnekamskshina PJSC's Days Payable increased from Dec. 2021 (163.77) to Dec. 2022 (164.73). It may suggest that Nizhnekamskshina PJSC delayed paying its suppliers.

Nizhnekamskshina PJSC Days Payable Related Terms

Nizhnekamskshina PJSC Days Payable Historical Data

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The historical data trend for Nizhnekamskshina PJSC'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.

Nizhnekamskshina PJSC Days Payable Chart

Nizhnekamskshina PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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94.27

132.45

219.30

166.48

128.64

Nizhnekamskshina PJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Days Payable	Get a 7-Day Free Trial															222.39	180.69	163.77	157.39	164.73

MIC:NKSH vs MBLY, APTV: Days Payable Comparison

For the Auto Parts subindustry, Nizhnekamskshina PJSC'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.

Nizhnekamskshina PJSC Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nizhnekamskshina PJSC's Days Payable distribution charts can be found below:

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

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17GF Score

Nizhnekamskshina PJSC MIC:NKSH

Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.

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Nizhnekamskshina PJSC 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.

Nizhnekamskshina PJSC's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2916.336	+	2459.381)	/	2 )	/	7626.545	*	365
=	2687.8585					/	7626.545	*	365
=	128.64

Nizhnekamskshina PJSC's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (4033.935	+	2459.381)	/	2 )	/	3596.921	*	365 / 2
=	3246.658					/	3596.921	*	365 / 2
=	164.73

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 164.73 mean?

Nizhnekamskshina PJSC (MIC:NKSH) has a Days Payable of 164.73 as of Dec. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nizhnekamskshina PJSC and its competitors.

Is Nizhnekamskshina PJSC's Days Payable too high?

Nizhnekamskshina PJSC's current Days Payable is 164.73. The Vehicles & Parts industry median Days Payable is 67.02. Nizhnekamskshina PJSC's value of 164.73 is 145.8% above this industry median. Overall, Nizhnekamskshina PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Nizhnekamskshina PJSC's Days Payable compare to MBLY and APTV?

Nizhnekamskshina PJSC's Days Payable of 164.73 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.02. Nizhnekamskshina PJSC's value of 164.73 is 145.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for a Vehicles & Parts company?

The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,310 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nizhnekamskshina PJSC's current Days Payable of 164.73 is 145.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nizhnekamskshina PJSC and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nizhnekamskshina PJSC's current Days Payable is 164.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nizhnekamskshina PJSC stock overvalued right now?

Nizhnekamskshina PJSC (MIC:NKSH) has a current Days Payable of 164.73. The current Days Payable is 164.73 and 145.8% above the Vehicles & Parts industry median of 67.02. Nizhnekamskshina PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Nizhnekamskshina PJSC (MIC:NKSH), the current Days Payable is 164.73 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nizhnekamskshina PJSC Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies WAR:ITB WAR:PBX WAR:CPR WAR:MSW WAR:MSZ WAR:RRH WAR:PJP WAR:DEK WAR:MSP WAR:NVA TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON

Address Republic Of Tatarstan, Territory of industrial zone, Building 116, office 1., Nizhnekamsk, RUS, 423580

Website http://shinakama.tatneft.ru

Nizhnekamskshina PJSC is a Russian company engaged in the manufacture of tires for passenger cars and light-duty tires in the CIS countries.

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